PC Financial World Elite Mastercard Review

Wednesday 14th, October 2015 / 05:00 Written by
PC Financial World Elite Mastercard Review

This is an article in a series of articles on saving money on groceries:


The Skinny

The PC Financial World Elite Mastercard is best for people who shop at PC Stores, Esso and Shoppers Drug Mart.

Rewards are easy to redeem and have a low minimum.

Type: Mastercard
Rewards: 30 pts / dollar on all PC stores, Shoppers Drug Mart, PC Travel and PC Mobile10 pts / dollar on all other purchasesBonus 30 pts / litre on Esso premium gasBonus 20 pts / litre on Esso regular gas
Annual Fee: No Fee
Sign-up Bonus: None advertised.($50 seems to be coming to everyone)
Point Value: 10000 pt = $10 point-of-sale discount at PC stores (min $20 redemption)
Benefits Standard World Elite card level benefits

Application Link



PC Financial recently came out with a new PC Financial World Elite Mastercard. While their previous offerings were lackluster at best, this one actually has promise and will prove a nice addition to many wallets. Personally, I wouldn’t make this my top-of-wallet card, but it is a great card for grocery and gas spending with stores under the PC umbrella.

When it comes to targeting grocery spending, the MBNA Smart Cash and the Scotiabank Momentum Visa Infinite are my favourite cards in Canada. The PC World Elite, however, is one that will really challenge these 2 for wallet space.

For people who shop at PC stores, this card is going to be quite valuable. It earns the highest return for Shoppers Drug Mart spending and the 2nd highest return in the Canadian marketplace for spending at most of their grocery stores. It also comes with a nice per litre bonus for Esso gas purchases. Finally, it offers the insurance coverages and benefits that all other World Elite Mastercards have, but there is no annual fee on this one.

This card definitely is going to have value for many people who do their grocery shopping at PC stores with some regularity.

My Personal Situation

Personally, I have been moving my grocery shopping over to Real Canadian Superstore (a PC grocery store) and have been paying for my groceries with my MBNA World Elite card that earns me 2% cash back. I will be getting this PC Financial World Elite Mastercard and it will earn me 3% return on my Superstore purchases.



The rewards earned on this card are PC points.

Redeeming Rewards

Points can be redeemed in 10,000 PC points ($10) increments, with a minimum 20,000 PC point ($20) redemption.

Redeeming PC Points is very easy. When checking out at any PC store, such as No Frills or Loblaws, simply ask to redeem your points. They will be used to pay part of the bill and will come off like a gift card.

The only issue I can even think of with this is that I wish they would have made the PC Points act like a coupon. This would save the consumer the sales tax on the redemption amount. This is a minor issue and these act the same way as all the cashback programs (taxation wise). I guess this would have been a nice to have.


Earning Rewards

The PC financial World Elite Mastercard pays 10 PC points / dollar on all purchases everywhere. It also privileges various other purchases, including PC related products (PC grocery stores, Shoppers Drug Mart, PC Mobile, PC travel), and partners (Esso).

The earnings are as follows:

Base Earnings
(per $ spent)
Category Bonus
(per $ spent)
Total Earnings
(per $ spent)
PC Grocery Stores 10 20 30
Shoppers Drug Mart 10 20 30
PC Mobile 10 20 30
PC Travel 10 20 30
Esso Regular Gas 10 20 / Litre 30 (at $1 / Litre)
Esso Premium Gas 10 30 / Litre 40 (at $1 / Litre)

Something to note is that the per litre earnings at Esso are in addition to the 10 PC Points / Dollar spent there. At the $1 / Litre regular gas price, this works out to a nice 3% return on regular gas. As gas prices go up, this percentage will decrease.

Another huge benefit is that this also privileges purchases at PC Travel. Assuming that PC Travel is not more expensive than another mode of booking (my quick searches indicate that PC Financial had the same price as Westjet.ca), this is a very high return for travel purchases. I believe that only the TD First Class credit card gives a better rate of return for travel purchases booked through their travel agency.


The PC Financial card is really the card for people who spend a good amount of money at PC stores. My understanding is that No Frills stores accept only Mastercard, while the other brands (Loblaws, Superstore, Zehrs etc.) acceptMastercard and Visa for payment. None of these stores accept American Express.

The cards that I’ll use to do the comparison are those that can be used at PC stores only. The 2 closest cards would be the MBNA Smart Cash and the Scotiabank Momentum Visa Infinite.

Here is a comparison of the 3:

PC World Elite MBNA Smart Cash Scotiabank Momentum Visa Infinite
Type Mastercard Mastercard Visa(not accepted at No Frills)
Annual Fee $0 $0 $99
PC Stores 3% 2% 4%
($1/L regular)
3% 2% 4%
Shoppers Drug Mart 3% 1% 2%
Other grocery 1% 2% 4%
Other gas 1% 2% 4%
All other purchases 1% 1% 1%
Rewards redemption $20
(on demand)
Entire balance paid once / year

MBNA Smart Cash

The PC card most easily lines up against the MBNA Smart Cash card. It is a no fee card and really privileges grocery store and gas purchases. The rate of return is 2% on gas and grocery (up to $1500 / month) and 1% on everything else. For people who chop at PC stores and fill gas at Esso, the PC Financial card is a much better card.

Assuming you shop at PC stores and Esso gas, the PC card is better on all fronts:

  • 3% return on grocery store purchases vs 2%
  • 3% return on Esso regular gas (at $1 / Litre) vs 2%
  • Faster redemptions

Obviously, if groceries are bought elsewhere, the PC card is not a good card for you.


Scotiabank Momentum Visa

The Scotiabank Momentum Visa is one that will give a better return at grocery and gas. The difference is the annual fee with the Momentum card. For many people that 4% on all gas and all grocery is going to be worth it. If you spend a significant amount at a non-PC grocery store or at a gas station other than Esso, there could be a lot of value in the Momentum card.

Assuming your gas is at Esso and your groceries are from PC stores, though, it would require more than $9900 of spending (at Esso and PC stores) to make the Scotiabank card a better value than the PC Financial card, to offset the annual fee.

The other wrinkle here is that Visa cards are not accepted at No Frills stores. If you are spending a lot at No Frills, then the Scotiabank Momentum Visa will not help you.


Sign Up Bonus

There is no stated sign up bonus for this card. However, in reading Red Flag Deals forums, it appears that many people have received $20 worth of points as a welcome bonus. I would not be banking on getting these, but if they come it would be a nice surprise.

According to this, everyone gets a $50 sign up bonus split into 4 coupons of 5000 points ($5 in groceries) and an additional 30,000 points on your first purchase.

HT: Jon

Personally, my approval came with a sign-up bonus of 4 coupons of 5000 points, so I can vouch for that. I have yet to see the additional 30,000 points in my account.

PC Financial Approval

Annual Fee

As mentioned, there is no annual fee for this card.

I find it funny, though, that PC Financial has wasted marketing space, telling us that they will let me have 4 FREE additional cards on my account. (Why would I expect to pay for the 2nd one if the first one is free?)


World Elite Benefits

The PC Financial World Elite Mastercard comes with its share of the World Elite benefits. The World Elite PC Financial benefits include:

  • Travel Medical Insurance
  • Car Rental Insurance
  • Purchase Assurance
    • Protect your purchases against loss and theft
  • Extended Warranty



The PC Financial World Elite Mastercard is a great card for people who shop at PC stores and Shoppers Drug Mart. Due to its no annual fee, this card is a great card for people who spend any amount of money at either PC stores, Esso gas or Shopper’s Drug Mart.

The Good

  • Great return for shopping at PC stores, Shoppers Drug Mart, PC Mobile and PC Travel
  • No annual fee
  • Easy reward redemptions
  • World Elite benefits


The Bad

  • Worthwhile only when shopping with PC Products / Shoppers Drug Mart



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20 comments on “PC Financial World Elite Mastercard Review”

  1. Jon says:

    I just got this card recently. Great card and rewards. There is a $50 sign up bonus right now until Nov 16 http://www.pcfinancial.ca/whyjoin1b/ (only available to new customers). You get four 5,000 point coupons when you receive your card that you present in store (can only use one at a time), and another 30,000 points on your first transaction that is more than $50. Apply after and you still get the four coupons. I had the PC World MC and called as soon as I heard about the World Elite Card. I only used the World MC when I got groceries, and my Amex SimplyCash Card everywhere else. Now I use the WE MC at Superstore, Esso and Shoppers and will use it for travel as well, with the rest of my purchases on the Amex card. The PC travel site seems to be pretty good. So far, this card has been great and will pair well with my existing Amex card.

    • Jon says:

      The 30,000 points have appeared in my pcplus account, but have not been shown on my MasterCard statement.

    • starmaker9 says:

      Jan 2017, PC Points Hacked and Stolen. Beware and Be aware! I had a large amount of points, had been collecting them for years. Recently I went online to check my points and there were none. Upon closer investigation, I could see that my points were redeemed in full on two occasions at Guelph Ontario’s store called Zehrs on Kortright. I am in Saskatchewan. I had my card set to earn only (not redeem). A call to customer service revealed that YES they are aware of this happening and has been happening for a month. They claim that my points will all be replaced within a week (they better damn well do better than that I tell ya) They had me change my password and they deleted old cards from old unused previous cells. None of this happened until we used the new CLICK and COLLECT service which also requires your PC points number and information to be stored online. Never using THAT service again. PC customer service says “oh we always recommend that customers redeem their points regularily” uh huh…. and when I asked for confirmation that our account was hacked I got this response “oh we can’t say what happened exactly, we aren’t at liberty to say right now”. Is that right? Well if you want my business, then someone better start talking. And make me an offer to smooth my ruffled feathers or I will be going back to our previous grocery store for our weekly grocery shopping. Wow, ya think you have seen it all. ~fume~

  2. Frugal Shopper says:

    Thanks for the summary and handy comparison of the PC card to other cash-back cards. I have had the MBNA card for several years, but I was considering the Visa Infinite. However, I do shop at NoFrills, so the PC card would also be useful. Cheers, FS

  3. Andriy says:

    You also get a 7c per litre bonus at superstore gas stations (I believe it is in addition to either 1% or 3% bonus for shopping at a PC store).

  4. Nate says:

    You forgot one little but important detail that this No annual fee, ALL-GOOD-2-B-True PC-Card requires people to have a minimum of 60k or 100k household annual income.

    • Nate says:

      Unless you’re hiding the method for no-requirement registration 😛

      • thepointster says:

        Actually, I am not hiding anything, but I think if you are not satisfying the 60k requirement then thething to do is create a relationship with the bank on a lower card an then ask for an upgrade.


    • Judy says:

      yes, exactly, I have the reg. PC MasterCard..they are always after me to increase my credit limit etc..but when i applied for the Word Elite card apparently i’m not good enough..I’m retired now so my income is well under the $60,000 per year requirement & I live alone so my income is the household income..i spent about $1000/month on my card & always pay it off in full every month but they want you to charge a min. of $2000 month in order to get it..without having the min. income..I feel like cancelling my reg. card over this..just because someone makes $60,000 a year does not mean they will use the card even as much as i do or that they will make their payments on time..and just because my income is low doesn’t mean i don’t have money to spend because i do..I think a lot of loyal PC customers won’t qualify & that PC will alienate a lot of existing customers over this..do other feel upset & annoyed about not being able to get this card due to the high income requirement etc??Also calling in to PCMC is a nightmare..it is impossible to get through to a CSR..there is no option to speak to someone ..took me forever to finally speak to a person..I am tired of the lack of customer service as well..

      • thepointster says:

        Thanks for sharing. It is always good to have multiple perspectives on this. I am actually very surprised by this since this is not my experience with PC products. I am sorry they are very strict anbout that income requirement.

        • Gollum says:

          I’ve been using my regular PC MasterCard for a couple years now and use it a lot.

          I have no where near the minimum 60K income but got at a call from PC to get a free upgrade to the World Elite Card from the standard PC MasterCard.

          I accepted and it has now replaced my old PC MasterCard and I’m earning more points than ever.

  5. Sir Martin James Hamilton says:

    Can you double dip with your PC points card (like aeroplan+ TD aeroplan visa at Esso)? Maybe you mentioned it but I overlooked it if so….

    Thanks and cheerio

    • thepointster says:

      Yes you can.

      The PC points you earn are from the credit card, for the purchases you make that are charged to that card. If you go to ESSO, then you get the Aeroplan points from Esso for swiping the Aeroplan card, regardless of the method of payment. THose are 2 distinct steps, even though they are sold as a single thing (by TD).

  6. KS L says:

    Please note: a minimum annual personal income of $70,000 or household income of $120,000 is required for this premium card.

  7. Bill Trader says:

    applied for the credit card twice. First time they said they lost the application. Applied again they said it wa denied as I had two applications. Then they renewed and said it was denied as my address was wrong. (they entered the address I gave them so they posted wrong city) I do not know what they want but it seems to be poorly managed, glad to not get involved with them as there could be problems down the road.

  8. Wayne says:

    The income requirement for premium cards, are set by MasterCard, not the issuer. Just an FYI

  9. Stanley Su says:

    PC master Card is horrible, I currently hold the world elite Master ca. Last month I make my payment on due date by PC banking on line. PC master said They received the payment Late and charge me for $118 interest. When I called they and want to show them the bank statement and ask they to waive the interest. I told to two people from PC master card. They said they do not care and have to charge interest. I told to my friend they said This happy to her before when she using TD Visa. But when she show the payment date to TD visa and TD waive the interest. The worst thing is when I tell them that they are service is horrible and I am going canceled the card. They said you can call in anytime to cancelled. So even I want told to their management I don’t have place to go. I suggest to everyone should go with big bank. do not use PC master PC.

  10. Ned says:

    This is the worst customer service ever! They should be prohibited from doing business in Canada. Do not apply for this card.

    • thepointster says:

      I have only had good expereince with PC Financial. Sorry your experience has not been as good. Would you care to elaborate on why you dont like PC Financial?


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