**Disclosure: I have worked with PC Financial in the past, but I received no financial compensation for this post. All opinions are my own. This post contains affiliate links.
Looking for a PC Financial World Elite Mastercard review? I’ve got you covered. The PC Financial World Elite Mastercard is one of the most popular cards on the market since you were able to earn 3X the PC Points at stores including Shoppers Drug Mart, Loblaws, No Frills, Real Canadian Superstore, and Joe Fresh which has a combined total of nearly 2,500 stores of Canada.
However, as of Feb. 1st, 2018 PC Plus and Shoppers Optimum merged to become PC Optimum which makes earning and redeeming points easier. This really wasn’t a surprise since Loblaws bought Shoppers Drug Mart a few years back, but usually, when a merger happens, points get devalued. This is one of the rare cases where a rewards program got better and by charging your purchases to your PC Financial World Elite Mastercard, you can earn points quicker.
PC Financial World Elite Mastercard review
- No annual fee
- Earn 45 PC Optimum Points per $1 dollar spent at Shoppers Drug Mart and
- Earn 30 PC Optimum Points per $1 spent where PC Products are sold
- Earn 30 PC Optimum Points per $1 spent at PC Travel
- Bonus of 3 cents per litre in PC points
- Earn 10 PC Optimum Points per $1 spent on all other purchases
As you’ve probably noticed, the PC Financial World Elite Mastercard gives you the most return when you make purchases at Loblaws owned stores. You only get 10 PC Optimum Points per $1 spent on other purchases so this card is clearly marketed towards loyal customers.
Since it takes 10,000 PC Optimum Points to redeem $10 in merchandise, the PC Financial World Elite Mastercard acts like a 3% cash-back card (4.5% at Shoppers Drug Mart) since you’ll be earning 30 points per $1 spent at partner stores.
What’s often overlooked about the card and is arguably one of the main benefits is the fact that it has no annual fee. With many premium cash-back cards where you’re earning 4-5% on your grocery spend, you gotta pay an annual fee of $120+. Since there’s no fee with the PC Financial World Elite Mastercard, there’s really no reason why you shouldn’t apply for this card if you shop at Loblaws owned stores on a regular basis. Seriously, apply for this card now (referral link) if you shop a lot at Shoppers Drug Mart or grocery stores where PC Products are sold.
PC Financial World Elite Mastercard Premium Benefits
- Travel Emergency Medical Insurance (up to 10 days)
- Car Rental Collision/Loss Damage Waiver Insurance
- Priority Pass standard membership plus 1 free visit per year
- 24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more
For a no fee card, the PC Financial World Elite Mastercard premium benefits are quite impressive. Sure, you only get 10 days of travel emergency medical insurance, and it only applies to people under the age of 65, but again, this is a no fee card we’re talking about.
Having car rental collision/loss damage waiver insurance is also impressive since this is a benefit that usually only comes with premium travel credit cards. In addition, since this is a World Elite Mastercard, you get LoungeKey access which is similar to Priority Pass and gives you airport lounge access. You’ll still have to pay $27 USD for each individual visit, but the standard membership is free which is normally $99 a year. Register for the program by going to the MasterCard Airport Experiences provided by LoungeKey website.
If you think about it, the PC Financial World Elite Mastercard has cash-back features while having many travel benefits which is a huge win for cardholders. If you want a travel specific card, then take a look at my list of the best travel credit cards in Canada.
My PC Financial World Elite Mastercard review is positive. This is a must-have card for anyone who shops on a regular basis at the Loblaws network of stores. Note that there are three versions of the PC Mastercard. Which one you get assigned when applying is based on your household income.