PC Financial World Elite Mastercard Review

**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

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 
  • 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.

Final word

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.

Apply Now for the PC Financial World Elite Mastercard
By |2018-08-30T12:11:50+00:00February 1st, 2018|Credit cards, Personal Finance|


  1. Purell February 1, 2018 at 12:39 am - Reply

    Are you sure about the Priority Pass membership?

  2. Joe February 1, 2018 at 2:18 pm - Reply

    Where do you sign up for it then? I see no mention of this on the PC World Elite Mastercard page?

    • Barry Choi February 1, 2018 at 4:32 pm - Reply


      I believe PC Financial doesn’t mention it on their website since there’s a copyright issue with the name. However, if you go to the MasterCard site, you’ll see they’re listed as a partner.



      To be honest, I don’t know how you get your actual membership with them. You may need to call MasterCard for that info.

      • Marpy February 27, 2018 at 11:08 am - Reply

        so when I go to the PC world Elite Mastercard site, I find:

        As a World Elite MasterCard cardholder, you receive

        Complimentary Priority Pass membership
        One free lounge visit per cardholder per year

        Simply present your Priority Pass membership card upon arrival at the lounge.

        but when I go to the Priority pass site, it shows membership costs for Canada at $99 us.I assume that you need a priority pass card to get into the lounge?? How do you get the complementery one that is suposed to come with the credit card? What am I missing here?

        • Barry Choi February 27, 2018 at 11:27 am - Reply

          Hi Marpy,

          With Priority Pass, you need a membership just to access the lounge. Depending on what membership you have, you’ll either get free visits or pay the one time fee of $27USD per visit.

          So the One free lounge visit per cardholder per year = 1 time visit. After you’ve used that voucher or whatever it is, you pay $27USD per visit.

          To be perfectly honest, it’s been difficult to get confirmation about how to get that actual one free pass. PCF is not responsible for that benefit so you need to call MasterCard. I’ve heard so many different things about the LoungeKey access with MasterCard that it’s impossible for me to give accurate information.

  3. Jim February 1, 2018 at 5:23 pm - Reply

    If I am approved… if I make a purchase at Shoppers drug mart will I need to just pay with the PC MasterCard to earn my full points or will I also need to show my PC Optimum card in addition? Is there any point in having a physical PC Optimum card if you are a PC MasterCard holder?

    • Barry Choi February 1, 2018 at 7:29 pm - Reply


      If you have a PCFWEMC or any Mastercard and have linked it to your PC Optimum account, then you don’t need a physical PC Optimum card. Your credit card will be fine.

    • D. Cornelius February 1, 2018 at 9:50 pm - Reply

      I find that I do need to present twice, for points then payment, though if you have a smartphone one need not carry the loyalty nor the credit card.
      Personally I keep them in the Wallet app in my iPhone and use those to scan for the points & then verify the purchase (Which uses NFC to wirelessly talk to the swipe terminal.)

      • Barry Choi February 1, 2018 at 10:08 pm - Reply

        D. Cornelius,

        Yes you do need to tap with your PC Mastercard first to get points and then again to pay. But you don’t physically need to have your PC Optimum card on you to earn points since your credit card will earn them.

  4. Angela February 12, 2018 at 7:13 pm - Reply

    Great review Barry! Merger definitely increased value with 45 total PC Optimum Points per $1 dollar spent at Shoppers Drug Mart and 30 total PC Optimum Points per $1 spent where PC Products are sold.

    And, wow, a free annual standard membership ($79 US) to Priority Pass with one free visit AND no annual fee!

    • Barry Choi February 13, 2018 at 9:02 am - Reply


      Yes, the PCFWEMC is a great card and offers tons of benefits with no fee which is why I love it.

  5. Angela February 14, 2018 at 12:27 pm - Reply

    Hi Barry, back to the Airport Lounge Access benefit …

    I spoke with Mastercard Canada on the phone, and since I don’t have this card yet, the rep couldn’t check on the actual benefits without a CC#. She did mention that it depends on the financial institution whether the Lounge Access benefit is included, .

    I checked this link and included an excerpt below:

    Benefits exclusive to PC Financial World Mastercard accounts
    Concierge Services are provided by Assurant Services Canada Inc. (ASCI). Details of what is included as part of this service is outlined in the Terms and Conditions sent with your card.

    Additional benefits exclusive to PC Financial World Elite Mastercard accounts
    Car Rental Collision/Loss Damage Waiver Insurance is underwritten by American Bankers Insurance Company of Florida (ABIC), and Travel Emergency Medical Insurance is underwritten by American Bankers Life Assurance Company of Florida (ABLAC). Concierge Services and Identity Theft Services are provided by Assurant Services Canada Inc. (ASCI). Details of your insurance and service, including definitions, benefits, limitations, and exclusions, are outlined in the Certificate of Insurance sent with your card. Keep your Certificate of Insurance in a safe place with your other valuable documents, and take it with you when you travel. ABIC, ABLAC, ASCI and their subsidiaries and affiliates carry on business in Canada under the name Assurant®. ®Assurant is a registered trademark of Assurant, Inc.

    Not sure if you have this card, or can confirm whether the Priority Pass membership + 1 free visit per year is definitely included with the PC World Elite Mastercard?


  6. GYM February 17, 2018 at 12:21 am - Reply

    I have this card too but didn’t know that Priority Pass membership was free. I never got that info when I received my card. Did you get your membership from this card Barry?

  7. Purrell February 17, 2018 at 12:36 pm - Reply

    Barry is wrong on this, period. I’ve had the card for 3 years, it does not entitle you to a priority pass membership.

    • Barry Choi February 17, 2018 at 4:24 pm - Reply


      Here’s the statement I received directly from PC Financial.

      With the PC Financial World Elite Mastercard customers will earn 3X the regular PC Points when purchasing vacations, flights, hotels, cruises, car rentals and tours. Customers also receive exclusive travel offers at competitive rates and the Best Price Guarantee on all bookings (price matching within a 24 hr).

      A new benefit introduced late last year is LoungeKey access:

      If you are a PC Financial World and World Elite Cardholders you will be able to purchase lounge passes at over 800 Lounges Worldwide, including presence in all large airports in Canada and at the top Canada travel destinations at subsidized rates of $27 USD. Cardholders simply need to present their PC MasterCard World or World Elite card to the lounge staff, or register for the program by going to the “MasterCard Airport Experiences provided by LoungeKey” website.

      • Over 800 lounges, in over 400 airports worldwide (120+ countries), regardless of their airline, frequent flyer membership, or class of ticket.
      • Unique experiences and offers in dining, spa and retail outlets within the airport

      • Marpy February 27, 2018 at 11:18 am - Reply

        so how do you get your one free visit if you have to pay $27 us per year?? Lots of confusion with this perk. Barry, perhaps you can investgate and clarify. – Thanks

        As a World Elite MasterCard cardholder, you receive

        Complimentary Priority Pass membership
        One free lounge visit per cardholder per year

        Simply present your Priority Pass membership card upon arrival at the lounge.

      • Sid March 24, 2018 at 11:58 am - Reply

        Thank you for the info. This is was the clarification I was look for.

        Paying $27 per visit is still better than paying $100 annual fee and $27 each visit with the priority pass.

  8. Tim February 18, 2018 at 6:30 pm - Reply

    Hi Barry… I’m a retiree and I have the HSBC Premier World Elite card. I shop often at shoppers and PC stores. In your opinion is it worth it for me to get the PC Elite card and split the loyalty points I’d get into two plans?

    • Barry Choi February 18, 2018 at 10:19 pm - Reply

      Hi Tim,

      With the PCFWEMC you earn 4.5% back at Shoppers Drug Mart and 3% back where PC products are sold so you come out ahead compared to the HSBC Premier World Elite. The key is to take that money you save on groceries and to add it to your vacation fund.

  9. Tim February 19, 2018 at 12:00 pm - Reply

    Hi Barry…my wife and I love reading your financial and travel blogs. In your opinion what is the best credit card available now in Canada for maximizing returns to complement our HSBC card?

    • Barry Choi February 19, 2018 at 12:02 pm - Reply

      Hi Tim,

      It really depends on where you shop and what categories you spend the most money on. e.g. where do you do all your grocery shopping? Do you spend a lot on gas? Do you eat out a lot?

      • Tim February 19, 2018 at 12:09 pm - Reply

        We love to travel. When we’re home we shop usually at PC grocery stores or Walmart. We do love eating out.

        • Barry Choi February 19, 2018 at 12:11 pm - Reply

          Hi Tim,

          So things could get complicated there.

          If you shop at PC grocery stores – the PC Financial World Elite gives you 3% cash back which is quite high. At Wal Mart, you could keep using your CIBC card since it gives you 1.5%

          If you eat out A LOT, then the Amex Cobalt card is good too since you get 5X the points. However, Cobalt points can’t be transferred to airlines. They can be used for fixed mileage rewards and transferred SPG at 2:1 so you still have some options.

  10. Tim February 19, 2018 at 12:15 pm - Reply

    Thanks Barry. Like your travel blogs you seem to write in a manner that is easy to read and understand.

  11. Mary April 12, 2018 at 9:50 pm - Reply

    Do you think getting an additional card for my spouse will allow my spouse to obtain free lounge access too?

    • Barry Choi April 12, 2018 at 10:02 pm - Reply


      If your spouse applies for the card on their own (as opposed to being a supplementary cardholder), then they would have lounge access. A reminder, that just the membership is free. You still need to pay for each visit.

  12. FernandoM April 17, 2018 at 11:22 am - Reply

    Hi Barry, this is great!
    thank you for the post. if you use your PC WE MC for mainly gas, groceries and Shoppers, which would be a great cash back card for all the other stuff?
    thank you!!

    • Barry Choi April 17, 2018 at 11:30 am - Reply

      Hi FernandoM,

      It depends on where else you shop and what kind of benefits you like. The Tangerine money-back card since you can choose up to 3 categories that give you up 2% back.

      • FernandoM April 17, 2018 at 11:39 am - Reply

        Barry thank you for your reply! I use PC stores a lot so that would remain my main card (groceries, gas, etc.).
        for other stuff I can think of, monthly bills, random shopping, recreation…

        I will definitely take a look into the Tangerine one.
        thank you!

  13. Monika May 20, 2018 at 5:37 pm - Reply

    Hi Barry

    I have the PC world elite Mc got it few weeks ago and I cannot see where are the 4.5X and 3X points. I can only see the base points which are 10X but how you know that you got the correct points? I called them several times but didn’t get a clear answer.

    • Barry Choi May 20, 2018 at 6:06 pm - Reply

      Hi Monika,

      There’s honestly no clear place that shows you when you’re earning multipliers.

      Your statement only shows you the total earned for the month.

  14. Monika May 20, 2018 at 6:11 pm - Reply

    Thank you for your answer. And yes, I know about the statement, but the statement shows only the base points.

  15. Nimesh May 24, 2018 at 10:21 pm - Reply

    With the comment above; do they send you a Priority Pass Membership card with it? or do we only get the LoungeKey Access membership free?

    “As a World Elite MasterCard cardholder, you receive

    Complimentary Priority Pass membership
    One free lounge visit per cardholder per year”

    • Barry Choi May 24, 2018 at 10:23 pm - Reply


      They don’t send you anything, but the one free visit is something offered by Mastercard as a World Elite cardholder. I honestly have no idea how to actually activate your membership and how to get that one free visit.

  16. Nimesh May 24, 2018 at 10:53 pm - Reply

    Thanks for the reply Barry. It’s still good to hear that you get LoungeKey Access membership for free which is nice a perk for a free NO FEE credit card.

    • Barry Choi May 24, 2018 at 11:16 pm - Reply


      yeah, it’s a pretty sweet perk once you figure out how to get it. No one at PCF customer service seems to know about it, but the Mastercard website lists PCF as a partner for LoungeKey access.

  17. Irene June 25, 2018 at 9:08 pm - Reply

    It’s been painful since the change was made. I am not getting 30 points/$1 with my PC World Elite Master Card instead only getting 20 points/$1 for purchases in PC stores. 0 points for purchases from non PC stores. However, no issue with purchases at Shoppers Drug Mart and I got the loyalty points showed up on my receipt, while PC stores did not show the points other than bonus points on the receipts. I had to submit the point adjustment requests for each and every receipts for PC stores and non PC stores. Sometime, I got the points adjusted for the non-PC stores, and another time I got reply telling me “In order to earn PC Optimum Points, you are required to go to PCOptimum.ca, sign-in into your account, load all offers on to your PC optimum account by viewing them, and swipe your card/device at the beginning of each transaction at participating stores. As a result of your card/device not being swiped for this transaction we are unable to make any adjustments to your account”.
    By the way transactions other than PC stores never showed up on my PCOptimum account.
    Telephone call to PC Mastercard regarding the issue was totally a waste of time and message send to PC Mastercard regarding the above issue is not getting replied nor resolution.
    This could be really a good card if PC Mastercard delivers their promises. I am kind of sick and tired of hearing the excuses about up to the stores including PC stores to give the loyalty points and how the heck do you tell non-PC stores to swipe your PC Mastercard before the transaction to get the loyalty points, so essentially consider sh** of luck getting any points from non-PC stores. Also, the email replies from sending the point adjustment request gave you a case# without reference to any information to the specific purchase nor the request detail. Hence it is a difficult task to match up with the receipts with the case# when I was requested to submit additional info.
    As always, buyer beware and don’t believe everything they tell you.

  18. Marion July 11, 2018 at 1:19 pm - Reply

    I have a MC President’s Choice Elite card. I find it impossible to decipher whether or not I am getting the appropriate amount of points on my purchases because of the way the Financial points are recorded. The detailed info for each posting should indicate which transaction it is for. ie purchase date and amount.
    I am concerned that I am not getting the correct amount of points.
    I guess I could do a points adjustment of every transactions but I do not want to have to do that. The computer system must have the info I am asking for.
    I use my MC for everything but I want to be assured that I am getting the correct amount of points. The points earned is why I have and use this card!

    • Barry Choi July 11, 2018 at 3:42 pm - Reply

      Hey Marion,

      From what I understand, the bonus points only appear online via pcoptimum.ca. I agree it’s a bit sill that there’s no easier way to view your bonus points.

  19. Marion July 11, 2018 at 6:18 pm - Reply

    I do go online to pcoptimum,ca to view my earned points. I have been told by PC Financial that it takes 3-5 days for the Financial points earned to be posted. I can deal with that. But when the points are posted, I want to know which transaction the points are coming from.
    I have contact PC Financial with my concern but I am not satisfied with their response.
    Do you have an inside tract with PC Financial?

    • Barry Choi July 11, 2018 at 8:02 pm - Reply

      Hi Marion,

      Unfortunately, I don’t know anyone who works there that would be able to assist.

  20. Mary Jo July 26, 2018 at 3:37 pm - Reply

    Are there any caps on points earned in any of the categories? (At PC Stores, Shoppers, Anywhere else?) I ask this because on the ‘Points earned’ calculator in a recent email I received from PC, there is a cap of $2000 on spending in the ‘everywhere else’ category.

    • Barry Choi July 26, 2018 at 4:00 pm - Reply

      Mary Jo,

      There’s should be no cap. I don’t know why they set a limit of $2,000 on the online calculator.

      • Mary Jo July 26, 2018 at 5:11 pm - Reply

        Thanks Barry, I didn’t think there was a cap.

  21. Sri August 7, 2018 at 6:25 pm - Reply

    Looks like PC optimum points is a scam. whenever there is an offer on Gas, I buy it. But i have to call customer care to get my points otherwise we don’t get any points. last week there was an offer 10,000 points on $40 purchase of gas. i still did not get points, i am still fighting for those. I will never ever go again to superstore and never use pc optimum. Whenever I called customer service they hangup the call. waste of time. I am planning to contact media and local news channels.

  22. Michele August 30, 2018 at 12:02 pm - Reply

    I registered for Lounge access with my PC Financial World Elite Card. I read that you can tell if your card receives a complimentary visit by going into the my account section. If you qualify for any complimentary passes the “complimentary” section will show. Mine does not…not surprised. So it looks like I have free access but will need to pay $27 US for each visit. I have a long stay in Miami for my next vacation the way the flights work out so I may use it.

    Im trying to figure out what the best credit card combination for me would be. I’m retired so cash back is a great option. I was using my PC points to purchase gift cards until they removed that option last year. Now I have $400 worth in points I’m not sure how to redeem. I don’t shop at PC much. I shop at local organic grocery stores. I do shop at Shoppers sometimes, and ended up using some of it to buy sunscreen. I’d prefer to be able to get free items immediately like a gas card or even collect rewards for flights or vacations as being on a limited income makes though purchases tough. Any suggestions Barry?

    • Barry Choi August 30, 2018 at 12:13 pm - Reply

      Hi Michele,

      With your remaining points you could shop at Loblaw’s or Superstore where they have organic produce and merchandise e.g. electronics and housewares for sale.

      As for the best credit card, it depends on your spending habits and where you shop. The Amex Simply Cash preferred card and the Tangerine Money-Back card immediately come to mind as good choices

  23. Sri October 23, 2018 at 1:24 am - Reply

    Hi, thanks for the share.

    I received the Elite MasterCard this week and wondering if I have to make minimum amount of purchase with this card yearly to maintain my status.?

    Please confirm, I can’t find this info anywhere, no one knows…

    • Barry Choi October 23, 2018 at 6:25 am - Reply

      Hi Sri,

      ONce you have the card, you keep it. There is no status with this card as it’s based on your minimum income, now how much you spend.

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