PC Financial World Elite Mastercard

20,000 PC Optimum points

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PC Financial World Elite Mastercard

$200

First-year value

20,000

PC Optimum points

$120

Annual fee

First Year Free

How we calculate first-year value

Welcome bonus (first-year portion)20,000 × 1 cents = $200

First-year fee(free)$0

First-year value$200

Based on minimum spend to earn the full welcome bonus and Prince of Travel's valuation of PC Optimum points at 1 cents per point.

Welcome offer

20,000 PC Optimum points on first purchase

Offer ends December 31, 2026

Earning rates

45×Shoppers Drug Mart

30×Loblaw Groceries & Esso & Mobil

10×Everything Else

Perks & Benefits

No annual fee

Minimum income: $80,000 personal or $150,000 household

Last updated: February 13, 2026

The PC Financial World Elite Mastercard is a fine choice for people who frequently shop at Loblaw's brands, but otherwise has limited appeal.

The card currently has a welcome bonus of 20,000 PC Optimum points upon making their first purchase at a store that participates in the PC Optimum program.

Occasionally, new applicants can earn a welcome bonus of 20,000 PC Optimum points upon making their first purchase at a store that participates in the PC Optimum program. If you're interested in the card, consider waiting for this offer to make an appearance before applying.

The card has an annual fee of $120, which is waived in the first year.

The card has category bonuses for shopping at specific stores:

Earn at least 30 Optimum points per dollar spent at Loblaw's brands of grocery stores and drugstores, including Loblaw's, No Frills, Real Canadian Superstore, Your Independent Grocer, and Wholesale Club
- All Optimum members earn an additional 15 points per dollar spent at Shoppers Drug Mart and Pharmaprix, regardless of which credit card is used to pay
Earn at least 30 Optimum points per litre at Esso and Mobil gas stations
Earn 30 Optimum points per dollar spent at PC Travel
Earn 10 Optimum points per dollar spent on all other purchases

While these rates cover a wide range of categories, they only apply at these particular merchants. So while the card may appear to have strong earning rates, it only benefits cardholders who already shop at those stores, or are willing to change their shopping habits.

PC Optimum points have a value of 0.1 cents per point, with occasional 50% bonus redemption events. Points can be redeemed at PC Optimum's partner grocery stores and drugstores.

The PC Financial World Elite Mastercard has no meaningful perks or benefits to speak of.

The card has a modest insurance package, including emergency medical insurance for trips up to 10 days, and standard extended warranty and purchase protection.

It also includes rental car collision insurance for cars up to an MSRP of $65,000.

However, it doesn't offer the specific provisions that are important to travellers, and the coverage it does provide can also be found on many other cards.

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