Best for: Loblaw and Shoppers shoppers who want PC Optimum points with no annual fee
What’s in each?
- Light:
- Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical:
- Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big:
- Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
- Yours:
- Your own amounts, saved on this device only
Ranked #106 of 176 for year one. See the list
See how we worked it out- Welcome offer you’d get
- $50
- The full offer. Up to 50,000 PC Optimum points.
- Annual fee
- None
Have this card?
Details from PC Financial’s site. Banks can update terms at any time, so give them a quick look before you apply. Source
The good and the bad
Stands out
- Good: 25 points per $1 on pharmacy At our value for these points, that’s about 2.5% back.
- Good: No annual fee It costs nothing to keep.
- Good: Welcome offer up to 50,000 PC Optimum points About $50 at our value for these points.
Watch for
- Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.
Worked out from the card’s rates and fees.
What you’d earn
With typical spending of $2,500 a month.
PC Optimum points valued at 0.1¢ each.
Rows are rounded to the dollar.
What counts in each category
- Pharmacy
- 25 points per $1 At Shoppers Drug Mart and Pharmaprix
- Everything else (base rate)
- 10 points per $1 Including grocery stores. At least 3 cents a litre at Esso and Mobil
30 points per litre when you fuel up at Esso and Mobil stations in Canada
30 points per $1 spent on Joe Fresh stores
How PC Optimum points work, and why 0.1¢
We count PC Optimum points at 0.1¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.1¢ to 0.1¢.
We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.
These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.
Checked on Nov 8, 2026. Source
Can your spending get the offer?
At $2,500 a month, here’s when you’d reach each step.
-
1
50,000 PC Optimum points · about $50
Spend $100 in your first 2 months.
You’d reach it in month 1.
Offer end date not published.
Offer checked on Nov 8, 2026. Source
Can I get it?
- Age 18 or older 19 or older in BC, NB, NL, NS and the territories
- Where you live Canada
- Credit score No minimum on record Most banks don’t publish one, and we don’t guess.
Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.
Other reviewers on this card
-
Money.ca (opens in a new tab) Apr 20256
“If you're already a regular shopper at Loblaw-owned stores or gas up at Esso and Mobil, then yes, this card is worth it. You’ll earn decent rewards without paying an annual fee, and redeeming your points is straightforward and hassle-free. This card might not make sense if you’re not a hardcore PC Optimum shopper or prefer cashback over rewards points.”
-
Wealth Rocket (opens in a new tab) Jan 20237.4
“If you’re looking for a solid no-fee starter rewards card with easy qualifications, the PC Financial Mastercard should be your first choice. With a flexible points program and easy redemption process, a PC Financial Mastercard can boost your savings. While they fall a little short of their competitors when compared to grocery returns and added perks, we think the big rewards points you get on gas and from Shoppers Drug Mart will make it worth your while. But if you make about 50% or more of your grocery purchases outside the Loblaw network, this probably isn’t the right card for you.”
-
Yore Oyster (opens in a new tab) Dec 2022
“The PC Financial Mastercard is your ideal credit card with no annual fee and a high earning rate for eligible purchases. This credit card is best for individuals who often shop at PC Financial stores and participating merchants. Its PC Optimum points are designed only to be redeemed for grocery items in qualifying stores. However, you can still earn points from other stores outside PC Financial. Earn higher points at the Esso Mobil stations, Shoppers Drug Mart, and PC travel purchases. It also provides extensive Mastercard Global Services for the emergency needs of cardholders and purchases insurance coverages such as Purchase Protection and Extended Warranty Protection.”
-
8.6
“This card has no annual fees and offers shoppers opportunities to earn PC Optimum points they can redeem for free groceries. It also offers basic insurance coverage, including purchase protection and extended warranty, and a low promotional balance transfer rate.”
-
MoneySense (opens in a new tab) Mar 2022
“The PC Financial Mastercard is a solid no-fee starter rewards card with easy qualifications, and it gives regular Canadians entry-level access to the PC points program. Cardholders can earn hefty rewards points at Shoppers Drug Mart and on gas, but it falls a little short on grocery returns when compared to some other no-fee credit cards in Canada. However, the flexible points programs and easy redemption may make up for this shortfall. For those who shop regularly at PC-affiliated stores, the PC Financial Mastercard can boost your savings.”
-
MoneyGenius (opens in a new tab) Dec 20208.6
“If you love PC Optimum, this card is an easy way to increase your earn rate – while also getting points for every $1 you spend at Loblaws (and everywhere else). The fact that it’s for no annual fee makes it an easy addition to your wallet – with a balance transfer promo to top it all off. That being said, some of the earn rates are a bit deceptive, since they include the normal PC Optimum earn rate you’ll get just for being a member – so that’s important to be aware of. Other than that, the card also falls a bit short on insurance.”
Ratings from people with this card
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What comes with it
- Extended warranty Included
- Purchase protection Included
- Mastercard Global Service
Coverage limits
We haven’t recorded the coverage limits for this card yet. Read PC Financial’s insurance certificate before you count on any coverage.
Not included
Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental damage and mobile device.
What it costs
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance interest
- 22.97%
- Foreign currency fee
- 2.5%
All fees and rates
Fees
- Extra cards
- None
- Cash advance fee
- $3.50, $5.00 fee for cash advances outside of Canada.
- Balance transfer fee
- 1%
- Over-limit fee
- $29
- Late payment fee
- None
- Source
- Issuer page
Interest rates
- Balance transfer interest
- 22.97%
- Source
- Issuer page
Read the card terms and conditions for the full terms.
Checked on Nov 8, 2026. Source
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With typical spending. This card: $305 year one, $255 every year after.
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Questions people ask
What is the annual fee on the PC® Mastercard®?
There is no annual fee.
How much is the PC® Mastercard® welcome offer worth?
50,000 PC Optimum points after you spend $100 in the first 2 months, worth about $50.
Does it charge a foreign transaction fee?
Yes, 2.5% on purchases in other currencies.
What is the interest rate?
21.99% on purchases. Cash advances are 22.97%.
Does it include insurance?
It lists extended warranty and purchase protection. Read the insurance certificate for the limits.
Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.
Spot something wrong? We’ll check it with the bank. Suggest a correction
Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.
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