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.

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 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.

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. Use my referral link now to apply for the card.

By | 2018-02-19T10:30:12+00:00 February 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?

  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

  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.

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