$20
First-year value
20,000
PC Optimum points
$0
Annual fee
Based on minimum spend to earn the full welcome bonus and Prince of Travel's valuation of PC Optimum points at 0.1 cents per point.
Offer ends December 31, 2026
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.
| Tier | Amount | Requirement |
|---|---|---|
| On first purchase | 20,000 | First purchase |
Annual Fee
Free
Additional Card
Free
First year annual fee waived
A no-fee card with a trivial $50 spend threshold – claim the welcome bonus as free grocery credit, but don't expect this to anchor a serious points strategy.
| Category | Rate |
|---|---|
| Shoppers Drug Mart | 45× |
| Groceries | 30× |
| Loblaw Groceries | 30× |
| Esso & Mobil | 30× |
| Everything Else | 10× |
Best for households already anchored in the Loblaw ecosystem – if you're not shopping Superstore, Shoppers, or Esso regularly, this earns less than general-spend alternatives and locks value into grocery redemptions rather than flexible travel points.
PC Optimum is a closed-loop system with no transfer partners – you redeem exclusively at Loblaw-owned stores at 1,000 points per dollar, making this a grocery offset tool rather than a travel rewards program.
No annual fee
First Year FreeWithout lounge access, travel insurance, or purchase protection, this card offers no safety net for travellers – you'll need a companion card to cover gaps that most World Elite products handle by default.
Underwritten by American Bankers Insurance Company of Florida (Car Rental) / American Bankers Life Assurance Company of Florida (Medical)
| Coverage | Maximum | Details |
|---|---|---|
| Emergency Medical | $1,000,000 | 10 days · not covered (65+) · Primary Cardholder, Spouse, and Dependent Children travelling together |
| Trip Cancellation | Not included | — |
| Trip Interruption | Not included | — |
| Trip Delay | Not included | — |
| Baggage Delay | Not included | — |
| Baggage Loss | Not included | — |
| Rental Car | Included | CDW/LDW · MSRP ≤ $65,000 · up to 31 days |
Pre-Existing Conditions
180-day stability period required
View Certificate of Insurance (PDF)
The 180-day pre-existing condition stability period stands out as unusually generous, but the absence of trip cancellation, interruption, baggage, and flight delay coverage leaves significant gaps – you'll need a secondary card or standalone policy for comprehensive protection.
Last updated: February 13, 2026
