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President’s Choice Financial World Elite Mastercard review
Get a top return on PC Optimum points when you spend money on daily purchases with this fee-free credit card.
Earn between 30-45 points for every dollar you spend at PC-brand name stores like Loblaws, No Frills, Superstore and Shoppers Drug Mart
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$0
Annual Fee
Up to 45 points per $1 spent
Rewards
Please note: All information about President’s Choice Financial World Elite Mastercard has been collected independently by Finder and this card is not available through this site.
The President’s Choice Financial World Elite Mastercard offers basic benefits and a top return on PC Optimum points for no annual fee. You’ll earn 30 points for every dollar you spend at PC-brand name stores along with 45 points at Shoppers Drug Mart and 30 points on PC Travel. You’ll also get 30 points per litre when you fuel up at Esso and Mobil gas stations as well as 10 points for every dollar you spend on everything else
30-second take
- Think about this card if you earn a high income and don’t want to pay an annual fee.
- Choose something else if you want to earn low interest or are looking for premium benefits.
- You’ll need to have an individual income of $80,000 or a household income of $150,000 to qualify for this card.
The basics
If you earn a high income and you’re looking for a fee-free card that will let you collect PC Optimum points when you spend money on gas and groceries, then the PC Financial World Elite Mastercard could be just the ticket.
- No annual fee. There’s no annual fee to maintain this card.
- High return. Earn between 30-45 points for every dollar you spend at PC-brand name stores like Loblaws, No Frills, Superstore and Shoppers Drug Mart
- Travel medical. Get emergency medical insurance for up to 10 days on your next trip if you’re under the age of 65
- Extended warranty coverage. Add an extra year to your manufacturer’s warranty when you purchase consumer goods with your card
- Purchase protection. Protect the items you buy on your card against theft and damage with purchase assurance.
The perks
- Car rental insurance. Avoid paying for third-party insurance with damage and collision insurance on your card.
- Optional balance protection. Pay an additional fee to cover your minimum payments in case you can’t make them due to an emergency.
- Zero-liability insurance. Avoid paying for fraudulent purchases on your account with zero-liability insurance.
- Identity theft assistance. Get help preventing identity theft and managing the situation if it happens.
- Concierge service. Book tickets for shows, dining experiences and other events with 24/7 concierge service.
What to watch out for
- High interest. Interest rates sit at 20.97% for purchases and 22.97% for cash advances and balance transfers.
- Rigid rewards. You’ll only be able to cash in your rewards at participating PC-brand name stores.
- No cash back. You won’t earn cash in hand for purchases.
- Few benefits. This card doesn’t offer extra benefits like roadside assistance or mobile phone protection.
- High minimum income. You’ll need to make at least $80,000 per year to qualify.
President’s Choice Financial World Elite Mastercard interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 20.97% |
| Cash advance rate | 22.97% |
| Standard balance transfer rate | 22.97% |
What should I know before I apply?
How to apply
- Head to the President’s Choice Financial website to begin your application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Compare other credit cards
Bottom line
If you earn a high income and you’re in the market for a fee-free card that will let you collect more PC Optimum points for every dollar you spend, then you might like to check out the President’s Choice Financial World Elite Mastercard. This card comes with a low balance transfer rate and travel medical insurance for no annual fee.
