Free $150 Gift Card Offer

PC Financial Mastercard Review - Big Grocery Rewards, No Annual Fee

PC Financial Mastercard review

This article was sponsored by PC Financial®.

My very first rewards credit card was the brand new (at the time) no fee PC Financial Mastercard. That was all the way back in the early 2000s.

Why did I choose it?

Like many others I was enticed by free groceries with no annual fee.

I saw a banner outside of the newly constructed Superstore in my area advertising grocery rewards with no annual fee and I was already a PC Financial day to day banking customer, so the choice was easy.

I kept the card for a few years and loved it until I got pulled over to the dark side of travel rewards and decided I wanted to see the world. But, I’ve often thought back fondly on my experience with that card over the years and even considered re-applying a time or two.

Since then, PC Financial has continued to improve their line of credit cards and have added two new cards to the fold – the World and World Elite versions of the card – that come with plenty of extra rewards and perks.

How The PC Financial Mastercard Works

The PC Financial Mastercard portfolio offers a very simple rewards program that allows for easy earning and easy redeeming.

How To Earn PC Points

In Loblaw grocery locations, Shoppers Drug Mart and Joe Fresh you’ll earn 10 PC points per $1 spent on the PC Financial Mastercard. With the World and World Elite versions of the card, you get 20 or 30 points per $1 respectively, at these same stores.

To earn more points you can also sign up for PC Plus and link it to your PC Financial Mastercard. You can then use your credit card as an alternative to your PC Plus card at the checkout at Loblaw banner stores.

You’ll get weekly notifications about personalized offers based on your shopping habits that you will want to use. Some weeks it might be bonus points on bananas, the next time its bread, or it can even be your favourite brand of ice cream.

Simply click the “Load My Offers” button in the email PC Plus sends you and your points will be credited automatically when you scan your card at the checkout. You can also sign in online or use the PC Plus app to load your offers.

Points earned through PC Plus are in addition to the points you’ll earn through your PC Financial Mastercard credit card.

How To Redeem PC Points For Free Groceries

Once earned, you can redeem your points at any PC Plus affiliated grocery store like Loblaws, Superstore, No Frills, and many more. You can also redeem for clothing at Joe Fresh. The typical redemption rate is:

20,000 points = $20 free rewards

PC Financial World Mastercard Extras

The World version of the PC Financial Mastercard gives you everything the standard version does but doubles the points you’ll earn at a bunch of different popular stores.

The big one is that you’ll earn 20 PC points per $1 spent at all Loblaw grocery locations. If you shop at Loblaw banner grocery stores regularly, that’s like getting 2% back on all your grocery purchases.

It doesn't stop there though, you get double PC points at Shoppers Drug Mart and for PC mobile monthly service, in addition to PC travel services purchases.

PC Financial World Elite Mastercard – Max Your Rewards

The PC Financial World Elite Mastercard is where the rewards really start to add up.

If a lot of your spending is on groceries, gas, drugstore, and travel purchases – specifically at Loblaw banner stores, Esso, Shoppers Drug Mart, and PC travel services – then you’re going to get a lot higher than a 1% return on spending.

In fact, you’ll get triple the points – 30 points per $1 spent at those places. That’s like a 3% return on spending.

You’ll also get included insurance coverage like emergency travel medical coverage for trips up to 10 days for those under age 65, and car rental damage.

Get a top flexible travel credit card.
Plus a travel bonus worth another $150.
Only 200 gift cards left.

The Bottom Line

If you already shop within the Loblaw network of stores it is hard not to recommend the PC Financial Mastercard.

That’s especially true with the World Elite version due to the significantly increased rewards and perks the card comes with. Being the first no annual fee World Elite MasterCard credit cards in Canada definitely has its advantages.

Disclosure: Some links in this article may be affiliate links. We're letting you know because it's the right thing to do. Here’s a more detailed disclosure on how HTS makes money.


Tech Guy in BC
Tech Guy in BC's picture

I only use the PC Elite MC for Loblaw stores (3%) and combine them with the PC Point programs, which adds up to free groceries pretty quickly. Superstore (Loblaw's) seem to be the best priced in general in my area as well.

For most other purchases, I use the Rogers MC for 1.75% on everything (compared to PC's 1%) and a much more favourable arrangement for foreign purchases.

Exceptions - I use Tangerine for restaurants and monthly bills (2% each) and Amazon VISA for Amazon purchases (2%) Costco in the USA (they don't take Mastercard there) and as a backup for all other USA purchases (no 2.5% hit on exchange rates, plus 1% on all purchases).

It gets a bit complicated, but this way I max out my rewards.

Tech Guy in BC

December 01, 2017 @ 1:59 pm
Stephen Weyman
Stephen Weyman's picture

I admit a 4 card maximization system would be stretching my limits :)

I do use 4 cards regularly, but mainly because of business related purchases. For personal purchases, I typically stick to just 2.

December 04, 2017 @ 2:49 pm
Marpy's picture

I have a PC world elite master card that i use for PC stores only.

December 05, 2017 @ 11:29 am
Marpy's picture

Did not finish my post befor it got entered. I have a PC world elite master card that i use for PC stores only. For any other purchases, I use other credit cards. The problem that I find with PC cards is that their customer service is among the worse in the industry. Over the years, I have from time to time had to deal with credit card customer service departments and have found all the other ones that I have dealt with very reasonable and easy to deal with. Not so in the case of PC - very inflexable and not willing to do much for you about summed them up.

December 05, 2017 @ 11:36 am
Nan's picture

I have the BMO world elite M/C, which I chose because of the travel rewards. I shop at Superstore about once/week and Costco about the same. Can you explain any differences between the card I currently use, and the PC Financial Worls Elite M/C? Thank you.

December 05, 2017 @ 1:09 pm
Asil's picture

I had my PC master card account for 2 years in good standing without missing a single payment, then they decided to cancel my card without any reason.
I'm done with them

December 25, 2017 @ 11:25 pm

Post new comment