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Mr. Loonie
PC Financial® World Elite Mastercard®

PC Financial® World Elite Mastercard®

8.0
Very good
Expert Score · 11 reviews How we score

Best for: Loblaw and Shoppers shoppers with higher income who want more PC Optimum points

Your spending a month
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
Year one
$652
Every year after
$602

Ranked #58 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
Apply now on PC Financial’s site (opens in a new tab)
Needs $80,000 personal or $150,000 household income
We may get paid if you apply through this link. It never changes our score.

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

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Is your personal income $80,000 or more, or your household’s $150,000 or more?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 45 points per $1 on pharmacy At our value for these points, that’s about 4.5% 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.

Show your work

What you’d earn

With typical spending of $2,500 a month.

PC Optimum points valued at 0.1¢ each.

  • Groceries $288
    30 points per $1 · 3% back $800 a month · 288,000 PC Optimum points a year
  • Restaurants $30
    10 points per $1 · 1% back $250 a month · 30,000 PC Optimum points a year
  • Gas $30
    10 points per $1 · 1% back $250 a month · 30,000 PC Optimum points a year
  • Recurring bills $30
    10 points per $1 · 1% back $250 a month · 30,000 PC Optimum points a year
  • Travel $18
    10 points per $1 · 1% back $150 a month · 18,000 PC Optimum points a year
  • Everything else $78
    10 points per $1 · 1% back $650 a month · 78,000 PC Optimum points a year
  • Foreign currency $18
    10 points per $1 · 1% back $150 a month · 18,000 PC Optimum points a year
For you Year one Later years
Points you earn492,000 PC Optimum points a year, at 0.1¢ each $492 $492
Welcome offer50,000 PC Optimum points you’d reach $50 $0
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Travel medical insurance1 trip at $50 $50 $50
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $652 $602

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Groceries
30 points per $1 At stores that sell PC products
Pharmacy
45 points per $1 At Shoppers Drug Mart and Pharmaprix
Everything else (base rate)
10 points per $1 At least 3 cents a litre at Esso and Mobil. 30 points per $1 at Joe Fresh

30 points per litre of gasoline or diesel purchased at Esso stations in Canada.

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

Welcome offer

Can your spending get the offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    50,000 PC Optimum points · about $50

    Spend $100 in your first 2 months.

    You’d reach it in month 1.

    • On purchases within the first 60 days

Offer ends Dec 31, 2026.

Offer checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Personal income $80,000 or more Issuer says
  • Household income $150,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

8.0
Very good
Expert Score How we score
  • Money.ca (opens in a new tab) Aug 2023
    8

    “At the end of the day, the PC Optimum™ program is definitely one of the best ways to save on groceries in Canada, provided you shop regularly at the ubiquitous Loblaw stores and PC partner brands. And once you’re at the register, paying with the PC® World Elite Mastercard® is the easiest way to rapidly accumulate more points and get more and more free groceries. However, if you make about 50% or more of your grocery purchases outside the Loblaw network, this probably isn’t the right credit card for you. In that case, you would be better off looking at a different card that still has a high earn rate for groceries or a high base earn rate on all purchases, and that isn’t locked into a specific loyalty program.”

  • SAVVY New Canadians (opens in a new tab) Jul 2022
    9.6

    “This World Elite Mastercard is definitely a must-have if you are a frequent shopper at Superstore and Loblaw stores in general. Its 3% cash back rate on grocery purchases is great for a no-fee card, and you can easily redeem your points to pay for purchases at $10 increments. Add in the travel emergency medical and car rental insurance, and you could save the $120 annual fee that comes with a paid premium credit card.”

  • MoneySense (opens in a new tab) Mar 2022

    “For those who are loyal shoppers of Loblaws, its sister grocery storesm and Shoppers Drug Mart, and who choose to fuel their vehicles at Esso and Mobil stations, this no-fee rewards card is one of the best for groceries and gas. However, if you like to shop around for the best deal, or find yourself spending at multiple stores each week, there are other grocery store credit cards that can earn you rewards without having to change your shopping habits.”

  • Money We Have (opens in a new tab) Jan 2022

    “My PC Financial World Elite Mastercard review is positive. This is a must-have card for anyone who shops on a regular basis at the Loblaws network of stores. If you combine your credit card with a PC Insiders subscription, you can rack up an insane amount of points quickly. Those points can in turn be used to claim free groceries or merchandise.”

  • Rewards Canada (opens in a new tab) Feb 2021

    “These PC Optimum cards are popular in Canada and I have had many a reader often ask me why don't they rank higher in our cash back rankings or talk about the cards very much. It really comes down to the very limited redemption options on the card. It's the same thing with the Triangle Credit Cards, they really fill a niche for their own stores and the accompanying loyalty programs. Being so limited limits our coverage on them and keeps them out of our rankings seeing that in most cases there are better more flexible rewarding options out there. Still, as mentioned above if your heart is near and dear to shopping at Loblaw grocery stores and Shoppers Drug Mart then this is the right card for you.”

  • My Rate Compass (opens in a new tab) Dec 2019
    8

    “This card shares a lot of the same features as the PC Financial Mastercard. However, this credit card also has income limitations. In order to obtain the PC Financial World Elite Mastercard, you must earn $80,000 per year yourself or $150,000 within your household. Alternatively, you can upgrade to this card if you?re a PC Financial World Mastercard user and you spend a minimum of $25,000 per year using it.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

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Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Travel medical Included
  • Identity Theft Assistant Service
Coverage limits

Travel medical. Up to 10 days per trip.

Not included

Not listed for this card: trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

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

Before you decide

Similar cards for the same spending

With typical spending. This card: $652 year one, $602 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the PC Financial® World Elite Mastercard®?

There is no annual fee.

How much is the PC Financial® World Elite Mastercard® welcome offer worth?

50,000 PC Optimum points after you spend $100 in the first 2 months, worth about $50.

What income do I need?

PC Financial asks for $80,000 in personal income.

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.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$652
year one for you
Apply now on PC Financial’s site (opens in a new tab)
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