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
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.
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.