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President’s Choice Financial World Mastercard review
Earn more PC Optimum points when you spend money on daily purchases with this fee-free credit card.
Earn 20 points per dollar when you spend money at stores like Loblaws, No Frills, Superstore and Shoppers Drug Mart.
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$0
Annual Fee
Up to 35 points per $1 spent
Rewards
Please note: All information about President’s Choice Financial World Mastercard has been collected independently by Finder and this card is not available through this site.
The President’s Choice Financial World Mastercard gives you a decent return on PC Optimum points for no annual fee. You'll earn 20 points per dollar at several President's Choice brand name stores along with 35 points at Shoppers Drug Mart and 20 points on PC Travel. You can also earn 30 points per litre when you fuel up at Esso and Mobil gas stations, and 10 points for every dollar you spend on everything else.
30-second take
- Think about this card if you have a high income and you don’t want to pay an annual fee.
- Choose something else if you want to earn low interest or comprehensive benefits.
- You’ll need to have an individual income of $60,000 or a household income of $100,000 to qualify for this card.
The basics
If you collect PC Optimum points and want to earn a higher return for every dollar you spend, you might benefit from the President’s Choice Financial World Mastercard.
- No annual fee. There’s no annual fee to maintain this card.
- Decent return. PC Optimum points are worth around $10 per 10,000 points. You can exchange points for merchandise, groceries and other rewards in-person or online at participating store.
- Purchase protection. Get a one-year extension on your manufacturer’s warranty and protect the items you buy against theft and damage with purchase assurance.
The perks
- Optional balance protection. Pay an additional fee to help pay off your balance in case of an emergency.
- Zero Liability insurance. Avoid paying for fraudulent purchases on your account with Zero Liability insurance.
- Travel services. Get assistance with emergency cash transfers and card replacement services if you lose your credit card overseas.
- Concierge service. Book entertainment and dining with 24/7 concierge service.
What to watch out for
- High interest. You’ll pay 20.97% interest on purchases and 22.97% on cash advances.
- Rigid rewards. You can only redeem rewards at stores that support the President’s Choice program.
- No cashback. You won’t earn cash in hand for purchases and you can’t redeem points for flexible rewards.
- Few benefits. There are no additional benefits like travel medical, roadside assistance or mobile phone protection on offer with this card.
President’s Choice Financial World 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’re a high earner and you want a fee-free card that will help you earn more PC Optimum points, you might like to check out the President’s Choice Financial World Mastercard . This card comes with a low balance transfer rate and basic insurance for no annual fee.
