An excellent free card for the right household, and an unremarkable 1% card for everyone else. Know your banners before applying.
No annual fee · First-year net value ≈ $120 · PC Optimum
Issuer hub · Updated Oct 4, 2026
PC Financial Credit Cards in Canada
Every PC Financial credit card we track, ranked by Standard Score: PC Optimum-earning Mastercards for Loblaw-banner grocery shoppers.
| # | Card | Standard Score | Annual fee | First-year net value | Currency | Current offer |
|---|---|---|---|---|---|---|
| 1 | PC Financial World Elite Mastercard PC Financial | 5.8/10 | None | ≈ $120 | PC Optimum | See offer |
| 2 | PC World Mastercard PC Financial | 5.2/10 | None | ≈ $100 | PC Optimum | See offer |
| 3 | PC Insiders World Elite Mastercard PC Financial | 5.0/10 | $120 | ≈ $200 | PC Optimum | See offer |
| 4 | PC Mastercard PC Financial | 4.4/10 | None | ≈ $80 | PC Optimum | See offer |
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Every PC Financial card, ranked
A solid free grocery card for households just below the World Elite income bar. If you qualify for the World Elite, take that instead: same fee, higher rates, more insurance.
No annual fee · First-year net value ≈ $100 · PC Optimum
A fee-based upgrade over PC's free World Elite card: 4% on Loblaw groceries and 5% at Shoppers against 3% and 4.5%, plus a PC Express Pass. Worth it for heavy Loblaw-banner households; otherwise the free card nets more.
$120 annual fee · First-year net value ≈ $200 · PC Optimum
The no-income-requirement way into PC Optimum on a credit card. It's effectively a 1% card with a Shoppers bonus, so treat it as a starting point: PC Financial's other free cards earn more once you qualify.
No annual fee · First-year net value ≈ $80 · PC Optimum
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Every PC Financial card here is scored on the same Standard Score as the rest of the site: see how it’s built, or browse the full card database.
How PC Financial Mastercards work
President's Choice Bank issues four PC Financial Mastercards, and all of them earn PC Optimum points. Three have no annual fee: the PC Mastercard, the PC World Mastercard and the PC Financial World Elite Mastercard. PC Financial uses one application for those three and matches you to a card based on your eligibility. The fourth, the PC Insiders World Elite Mastercard, has a fee.
| PC Mastercard | PC World Mastercard | PC Financial World Elite Mastercard | PC Insiders World Elite Mastercard | |
|---|---|---|---|---|
| Annual fee | $0 | $0 | $0 | $120 (waived first year) |
| Income requirement | None published | $50,000 personal or $80,000 household | $80,000 personal or $150,000 household | $80,000 personal or $150,000 household |
| Loblaw grocery banners | 1% | 2% | 3% | 4% |
| PC Express pickup orders | — | — | — | +2% on top |
| Shoppers Drug Mart and Pharmaprix | 2.5% | 3.5% | 4.5% | 5% |
| Joe Fresh | 1% | 2% | 3% | 4% |
| Esso and Mobil gas | 3¢/litre+ | 3¢/litre+ | 3¢/litre+ | 5¢/litre |
| Everything else | 1% | 1% | 1% | 1% |
| Travel medical and rental car cover | No | No | Yes | Yes |
| Purchase assurance and extended warranty | No | Yes | Yes | Yes |
Every PC Financial card charges a 2.5% foreign transaction fee.
What PC Optimum points are worth
PC Optimum points redeem at participating stores in blocks of 10,000, and 10,000 points are worth $10 in free rewards. The percentages in the table above use that rate.
PC Financial also lets cardholders redeem 10,000 points for a $7 statement credit against their card balance. That's 30% less, so redeem in store when you can. For the full math, see what PC Optimum points are worth.
Which PC Financial card to get
Among the free cards, income decides it: each step up earns more at the same $0 fee.
- You earn $80,000 personal or $150,000 household income: the PC Financial World Elite Mastercard, with 3% at Loblaw banners and 4.5% at Shoppers.
- You earn $50,000 personal or $80,000 household income, but not the World Elite's bar: the PC World Mastercard, with 2% at Loblaw banners and 3.5% at Shoppers. See PC World vs PC World Elite.
- Neither: the PC Mastercard has no published income minimum. It earns 1% at Loblaw banners and 2.5% at Shoppers. See PC Mastercard vs PC World.
- You rarely shop at Loblaw banners or Shoppers: every PC card earns 1% everywhere else, which is weak. Our cash-back ranking has better everyday cards.
The PC Insiders World Elite Mastercard earns more than the World Elite but costs $120 a year. On Loblaw groceries alone, its extra 1 percentage point covers that fee at $12,000 of grocery spending a year, or about $1,000 a month. Its PC Express rate and higher Shoppers and gas rates lower that bar if you use them, and PC Financial lets Insiders cardholders who meet its criteria pay the fee with PC Optimum points. See PC Insiders vs PC World Elite.
Frequently asked questions
Is the PC Optimum card a credit card?
No. PC Optimum is a loyalty program, provided by President's Choice Services Inc., and its card only collects and redeems points. The PC Financial Mastercards are credit cards issued by President's Choice Bank, and they earn PC Optimum points on your purchases.
What's the difference between the PC Mastercard, PC World Mastercard and PC World Elite Mastercard?
All three have no annual fee. What changes is the income requirement and the earn rate: at Loblaw grocery banners they earn 1%, 2% and 3%, and at Shoppers Drug Mart 2.5%, 3.5% and 4.5%. The PC World Mastercard requires $50,000 personal or $80,000 household income and the PC Financial World Elite Mastercard $80,000 personal or $150,000 household; the PC Mastercard has no published minimum.
What credit score do you need for a PC Mastercard?
PC Financial doesn't publish a minimum credit score. Its cards are subject to credit approval and other eligibility criteria. For its no-fee cards, one application matches you to a card based on your eligibility, so no score guarantees a particular card.
Does the PC Mastercard have an annual fee?
No. The PC Mastercard, the PC World Mastercard and the PC Financial World Elite Mastercard have no annual fee. The PC Insiders World Elite Mastercard costs $120 a year (waived first year).
Does the PC Financial Mastercard charge foreign transaction fees?
Yes. Every PC Financial Mastercard charges 2.5% on purchases in a foreign currency.
Does the PC World Elite Mastercard include car rental insurance?
Yes. It includes travel medical (trips up to 10 days, under 65), rental car collision/loss damage, purchase assurance and extended warranty. It doesn't include airport lounge access. The PC Mastercard and the PC World Mastercard don't include rental car coverage.
How much are PC Optimum points worth?
10,000 points are worth $10 in rewards at participating stores, redeemed in blocks of 10,000. Redeemed as a statement credit on a PC Financial card, 10,000 points are worth $7.
PC Financial's card lineup, earn rates, income requirements, insurance and PC Optimum redemption values checked September 27, 2026 against PC Financial's credit card pages and Application Disclosure Summary. Card rates and fees are from our reviews.