PC Financial World Elite Mastercard Review

**This post may contain affiliate links. I may be compensated if you use them.

The PC Financial World Elite Mastercard is the best card to have if you’re looking to earn more PC Optimum points. You get an increased earning rate at Loblaws-owned grocery stores, Shoppers Drug Mart, and Esso/Mobil gas stations.

In addition, PC Optimum is one of the best loyalty programs since there are multiple ways to earn and redeem points. Plus, the program has recently added additional benefits, such as free trials to streaming services. Read my PC Financial World Elite Mastercard review now for the full details.

PC Financial World Elite Mastercard

  • No annual fee
  • Earn 45 PC Optimum Points per $1 dollar spent at Shoppers Drug Mart
  • Earn 30 PC Optimum Points per $1 spent where PC Products are sold and at PC Travel
  • Earn at least 30 PC Optimum Points per litre at Esso/Mobil locations
  • Earn 10 PC Optimum Points per $1 spent on all other purchases

Welcome bonus and earn rate

What’s interesting about the PC Financial World Elite Mastercard is that it doesn’t typically have a welcome bonus when you apply online. However, if you’re applying in-store where there’s a PC Financial booth, they’ll usually give you 100,000 points when you sign up. That’s a value of $100.

As for the earning rate, you’ll get 45 points per $1 spent at Shoppers Drug Mart, 30 points at Loblaws-owned grocery stores (Loblaws, Superstore, No Frills, Fortinos etc.), Esso/Mobil Gas stations, PC Travel, and 10 points on all other purchases. That works out to a 4.5%, 3%, and 1% return in PC Optimum points respectively.

PC Financial World Elite Mastercard benefits

For a no fee card, the PC Financial World Elite Mastercard comes with a decent amount of benefits. Mind you, many of these benefits come with any World Elite Mastercard, but you get access to them by being a cardholder.

Travel emergency medical insurance

Those under the age of 65 get $1,000,000 in travel emergency medical insurance. This insurance applies the second you travel out of province and covers things such as ambulances, doctor charges, hospital stays, dental care, prescription drugs and more. The coverage lasts for the first 10 days of your trip. You do not need to charge your travel expenses to your PC Financial World Elite Mastercard for the insurance to apply.

Car rental collision/loss damage waiver insurance.

When you charge the full cost of your car rental to your PC Financial World Elite Mastercard, you get 31 days of car rental collision/loss damage waiver insurance. This covers you from damages if you’re in an accident, but you need to decline the rental agency’s insurance for your policy to be valid. note that this doesn’t cover you for any liability.

Airport lounge access

One little known benefit of this card is the included Airport Experiences provided by LoungeKey. This gives you access to more than 1,400 airport lounges worldwide. That said, this is just a membership you’re getting. You still need to pay for each individual visit, which is typically US $32.

Purchase assurance

Any purchases charged to your PC Financial World Elite Mastercard are automatically covered with purchase assurance. If anything happens to your goods, including loss, theft, or damage in the first 90 days, you can have them replaced/repaired at no charge.

Extended warranty

Your manufacturer’s warranty is doubled, up to one additional year, as long as you charge your purchase to your PC Financial World Elite Mastercard.

Concierge service

You can contact a Mastercard concierge 24/7 to help you with things such as booking restaurants, purchasing gifts, arranging translation services, and more. Admittedly, all of these things can be done on your own, but I suppose a concierge can be helpful if you’re in a foreign country where you don’t speak the language.

How to redeem your points

PC Optimum is one of the most popular loyalty programs in Canada. You can redeem 10,000 PC Optimum points for $10 in groceries or merchandise at Loblaws-owned grocery stores and Shoppers Drug Mart. In addition, you can use your points at Esso/Mobil gas stations for discounts on your gas purchases or for free car washes.

Occasionally, Shoppers Drug Mart has bonus redemption offers. For example, there was a promotion where you could claim 250,000 points for $400 in credit. That’s $150 more than the regular redemption, so it can be worthwhile to save your points. They’ve also had other offers, such as earning 20X the points or getting 25,000 points when you spend $75. Read my post on how to earn more PC Optimum points if you want to maximize your points.

PC Financial World Elite Mastercard eligibility

  • You’re a Canadian citizen or permanent resident.
  • You’re at least the age of majority in your province or territory
  • You have a minimum annual personal gross income of $80,000 or a household income of $150,000.

Although PC Financial doesn’t state what credit score is required to be approved, they say a credit check will be performed at the time of application. Generally, you’ll want to have a credit score of at least 700 before applying.

How the PC Financial World Elite Mastercard compares

The PC Financial World Elite Mastercard is the best for earning PC Optimum points. That said, there are a few cards worth comparing since they offer better earning rates on groceries.

PC Financial World Elite Mastercard vs. American Express Cobalt Card

The American Express Cobalt Card has an earning rate of 5 American Express Membership Rewards points per $1 spent on eats and drinks (includes grocery stores), 3 points on streaming services, 2 points on travel and transit, and 1 point for all other purchases. The earning rate here is clearly higher than what the PC Financial World Elite offers. There’s just one problem: American Express isn’t typically accepted at Loblaws-owned grocery stores. While the Cobalt Card is one of the best cash back credit cards in Canada, it’s useless if your grocery store doesn’t accept it.

PC Financial World Elite Mastercard vs. Scotiabank Gold American Express

Another card with a high earning potential is the Scotiabank Gold American Express. With this card, you’ll get 6 Scene+ points per $1 spent at Empire-owned supermarkets (Sobeys, Foodland, IGA, FreshCo), 5 points at other grocery stores, dining, and entertainment, 3 points on gas, and transit, and 1 point on all other purchases. If you shop at an Empire-owned grocery store, this card is one of your best choices. It’s also worth mentioning that the Scotiabank Gold American Express has no foreign transaction fees.

PC Financial World Elite Mastercard vs. Rogers Mastercard

The Rogers Mastercard is a good comparison since it also has no annual fee, and it’s a Mastercard. If you have one qualifying service with Rogers, Fido or Shaw, you’ll earn 2% cash back on all your purchases. While that earning rate is lower than what the PC Financial World Elite Mastercard offers on Loblaws-owned stores, Shoppers Drug Mart, and Esso gas stations, the base earning rate could compensate for it. In addition, if you redeem your cash back earned for Rogers services, you get a 30% boost, so you’re actually getting a cash back rate of 2.6%. The other appealing aspect of the Rogers Mastercard is that it has no formal income requirement, so it’s easier to be approved for compared to the PC Financial card.

Final thoughts

My PC Financial World Elite Mastercard review is positive. This card is ideal for anyone in the following situations:

  • You want to earn more PC Optimum points – No other credit card gives you a higher earning rate for PC Optimum points.
  • You shop at Loblaws-owned stores – If you shop at Loblaws, No Frills, or Superstore, this is a card you want to earn points on every purchase. Otherwise, you’ll only earn points on in-store and targeted offers.
  • You don’t want to pay an annual fee – This is one of the few World Elite Mastercards with no monthly or yearly fee.

PC Optimum is one of the best loyalty programs in Canada. With the PC Financial World Elite Mastercard, you’ll be able to earn PC Optimum points on every purchase. Plus, with no annual fee, getting this card and only using it where you get an enhanced earning rate could be worth it.

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter:@barrychoi


  1. Purell on February 1, 2018 at 12:39 AM

    Are you sure about the Priority Pass membership?

  2. Joe on February 1, 2018 at 2:18 PM

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

    • Barry Choi on February 1, 2018 at 4:32 PM


      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 on February 27, 2018 at 11:08 AM

        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 on February 27, 2018 at 11:27 AM

          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 on February 1, 2018 at 5:23 PM

    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 on February 1, 2018 at 7:29 PM


      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 on February 1, 2018 at 9:50 PM

      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 on February 1, 2018 at 10:08 PM

        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 on February 12, 2018 at 7:13 PM

    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 on February 13, 2018 at 9:02 AM


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

  5. Angela on February 14, 2018 at 12:27 PM

    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 on February 17, 2018 at 12:21 AM

    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 on February 17, 2018 at 12:36 PM

    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 on February 17, 2018 at 4:24 PM


      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 on February 27, 2018 at 11:18 AM

        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 on March 24, 2018 at 11:58 AM

        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 on February 18, 2018 at 6:30 PM

    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 on February 18, 2018 at 10:19 PM

      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 on February 19, 2018 at 12:00 PM

    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 on February 19, 2018 at 12:02 PM

      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 on February 19, 2018 at 12:09 PM

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

        • Barry Choi on February 19, 2018 at 12:11 PM

          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 on February 19, 2018 at 12:15 PM

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

  11. Mary on April 12, 2018 at 9:50 PM

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

    • Barry Choi on April 12, 2018 at 10:02 PM


      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 on April 17, 2018 at 11:22 AM

    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 on April 17, 2018 at 11:30 AM

      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 on April 17, 2018 at 11:39 AM

        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 on May 20, 2018 at 5:37 PM

    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 on May 20, 2018 at 6:06 PM

      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 on May 20, 2018 at 6:11 PM

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

  15. Nimesh on May 24, 2018 at 10:21 PM

    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 on May 24, 2018 at 10:23 PM


      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 on May 24, 2018 at 10:53 PM

    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 on May 24, 2018 at 11:16 PM


      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 on June 25, 2018 at 9:08 PM

    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 on July 11, 2018 at 1:19 PM

    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 on July 11, 2018 at 3:42 PM

      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 on July 11, 2018 at 6:18 PM

    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 on July 11, 2018 at 8:02 PM

      Hi Marion,

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

  20. Mary Jo on July 26, 2018 at 3:37 PM

    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 on July 26, 2018 at 4:00 PM

      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 on July 26, 2018 at 5:11 PM

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

  21. Sri on August 7, 2018 at 6:25 PM

    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 on August 30, 2018 at 12:02 PM

    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 on August 30, 2018 at 12:13 PM

      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 on October 23, 2018 at 1:24 AM

    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 on October 23, 2018 at 6:25 AM

      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.

  24. […] the PC Financial Mastercards, you can increase your earn rate significantly. I personally have the PC Financial World Elite Mastercard and use it all the time. It honestly doesn’t take me long before I have enough points to make a […]

  25. Joe on January 24, 2019 at 9:24 PM

    Avoid this card if you like to have online access to your account. I’ve had it for one month and still cant’ get access. Customer service has no answers. It’s an IT problem. They’re working on it. No time frame for resolution.

  26. MO on February 3, 2019 at 11:17 PM

    Can I use my pc elite mc in other countrie?

    • Barry Choi on February 4, 2019 at 6:10 AM

      Yes, just make sure you let them know in advance of your travel dates.

      • Rahul on August 19, 2020 at 11:32 PM

        Great review Barry. One thing to note which I’m a bit sore about – I am an existing PC MasterCard holder (the plain standard card) and I asked PCF if I could be upgraded to the World Elite (I am over the personal income requirment, and comfortably over the household earn requirement). They flat out said no and that I have to have spent $25000 over the past 24 months on my existing card in order to qualify. $25k is a pretty unreasonable sum for even a high spender on what is definitely not going to a primary travel card. It appears that PCF really don’t want people applying for this card (probably costs them too much from points redemptions).

        • Barry.Choi on August 20, 2020 at 6:26 AM


          I feel like that’s an uninformed rep. If you’re over the income requirement, they should be upgrading you no questions asked. It might be worth calling again to see if a different rep will upgrade you.

  27. Nicola on March 1, 2019 at 12:06 PM

    I currently have the PC Mastercard and was just approved for the PC World Elite card. I currently get 7 cents/liter back on my gas purchases, but I read the World Elite is only 3 cents/liter? Just curious. We have large vehicles and drive a lot, so our points add up fast just from gas purchases alone.

    • Barry Choi on March 1, 2019 at 12:16 PM

      Hi Nicola,

      I believe you’re referring to the 70 PC optimum points that are earned at gas stations located at Loblaw’s owned grocery stores? That remains the same with the PC Financial World Elite card. The 3 cents earned per litre is at Esso/Mobil locations.

      You may want to double check with PCF, but I’m pretty sure that’s how it works.

  28. Elizabeth Taylor on March 2, 2019 at 1:09 PM

    Excellent article! good one

  29. Cecilia on June 2, 2019 at 11:29 AM

    Hi Barry,

    Thanks for this review. But I was wondering what other credit card we could combine with the PC World Elite MasterCard to maximize our points.
    We shop mainly at the Loblaws and affiliate stores, so the PC WEMC is a perfect card for us.

    Currently we have the Scotia Gold AMEX(restaurants, travel), Scotia VISA Momentum Infinite(grocery, gas),RBC VISA Infinite Avion, Home Trust Visa(US purchase), Capital One(Costco).

    We do eat out frequently and vacation to the US at least once a year. I need to cancel all these credit cards, want to only have the PC WEMC and another card or two.

    Can you suggest which other cards I should combine and will cancel the rest?


    • Barry Choi on June 2, 2019 at 12:10 PM

      Hi Cecilia,

      THe Scotia Gold Amex is actually a great complimentary card to the PCFWEMC especially if you use it to eat out a lot and travel. Come August 1st, you’ll earn 5X the points on restaurants and the card will have no forex fees.


      If you want to drop the Scotiabank Amex card, the Scotiabank Passport Visa Infinite card doesn’t give you as many points for groceries and restaurants, but you get a Priority Pass membership and 6 free annual passes.

      With either of the two above cards, you could cancel the Home Trust card and the RBC Avion card.

  30. Pradeep on July 4, 2019 at 3:50 PM

    Hi Barry,

    My wife keeps pushing me for the PC World Elite MC as she is working for PCF.

    I currently have TD Visa Infinite cash back card that gives me 3% on Gas, Recurring Payments and Groceries (from grocery stores – no Walmart or No Frills (Visa not accepted)).

    TD Visa Infinite cash back card has a better travel insurance, rental car coverage etc than PCWEMC – Correct me if i am wrong

    Does it make sense for me to go for PCWEMC just for the 3x points in No Frills shopping? BTW i have PC Optimum card that gives my 10 points on ESSO gas purchases.

    Also we travel at least once a year to India or US which travel card do you recommend for lounge access + perks – Scotiabank Passport Visa Infinite or CIBC Aventura Visa Infinite?


    • Barry Choi on July 4, 2019 at 4:31 PM


      If you always pay your bills on time, it doesn’t hurt to get the PCFWEMC since you would earn 30 points per dollar spent.

      As for your other question about lounge passes and Nexus. I personally think the Scotiabank Passport Visa Infinite card is the best all-in-one travel card. Your wife would be able to use the free annual passes as long as she’s travelling with you (assuming you’re the primary cardholder). She wouldn’t be able to use the passes if she was travelling on her own.

      Nexus is only $50 for 5 years, so although CIBC offers a rebate, the 2 extra lounge passes you get from Scotiabank every year are worth more. As I’m sure you know, the Scotiabank card also has no forex fees.

    • jenny on November 8, 2019 at 1:26 PM

      Hi Pradeep, Visa HomeTrust has you no exchange fees for currency. That is somewhere around 2.4% savings when out of country. Also, I get 1% cash back. So it is about 3.5% savings when travelling. Unless you get currency wihtout having to exchange it (ie cash gifts from family).

  31. Pradeep Ramaswamy on July 5, 2019 at 6:23 PM

    Thanks Barry.
    WiIl wait on PCFWEMC….

    Scotia benefits are better and will go with it… Also will apply for a Supplementary card (wife) for free and add that to the Priority Pass account, not sure if they will let me register. Any thoughts?

    • Barry Choi on July 5, 2019 at 8:43 PM


      The fine print on the Scotiabank Passport Visa Infinite card states that the Priority Pass membership is only valid for the primary cardholder so your wife would not qualify.

      If she travels on her own quite a bit, it may be worth it for her to get her own card.

  32. Pradeep Ramaswamy on July 5, 2019 at 9:23 PM

    Thanks Barry 🙂

  33. john on October 18, 2019 at 10:20 AM

    i only get 20 points for 1 dollar

    • Barry Choi on October 18, 2019 at 10:21 AM


      You have the World card, not the World Elite.

  34. john on October 18, 2019 at 10:56 AM

    i have the world elite.

  35. john on October 18, 2019 at 11:07 AM

    thats what theY said.but i only get 20 for 1 dollar

    • Barry Choi on October 18, 2019 at 11:09 AM

      You’d have to contact customer service again and tell them to look at your statement to varify that there’s an error and then have them fix it.

  36. john on October 18, 2019 at 11:21 AM

    yes.i did.mastercard said it is points issue.points said its mastercard issue

  37. munish on November 1, 2019 at 11:09 PM

    my wife traveled to India last week. but unfortunately lost her luggage. she did not receive her luggage at New Delhi. Airlines are unable to track her luggage. My question is that as i paid her full ticket from PC choice world elite master card, will i be able to claim the baggage lost. please answer

    • Barry Choi on November 1, 2019 at 11:19 PM

      Hi Munish,

      Sorry to hear about your situation. Unfortunately, the PC Financial World Elite Mastercard does not come with any lost baggage insurance.

  38. Jason Wayne on November 4, 2019 at 11:32 PM

    Hi, If I’m the primary card holder and I have a supplementary card issued in my Wife’s name, does the travel insurance cover her on a trip to the US. if that trip flight and hotel was charged in full on the supplemental card with her name on it if me as the primary card holder is not going on the trip with her? Thanks.

    • Barry Choi on November 5, 2019 at 8:02 AM

      Hi Jason,

      Your wife would not be insured with the card if you’re not travelling with her.

  39. Jason Wayne on November 6, 2019 at 12:25 AM

    Thank Barry, I guess I’m going to Vegas as a 3rd wheel in a bachlorette party. Lol. By the way, what is the process if one needs to for example see a doctor or visit a hospital emergency room in the U.S.? Does the card member pay for all of the medical services 1st, keep the invoices, then file a claim afterwards or do you call and get pre-approval first? We are both Canadian born, I as the primary card holder and my spouse has the supplementary card. . And is it family coverage or just your spouse? And is there any deductible (i.e. card member pays first $100?). Thanks.

    • Barry Choi on November 6, 2019 at 6:04 AM


      You’re supposed to contact your insurer before you seek medical attention or as soon as possible. Sometimes the doctor or hospital can bill the insurer directly, but sometimes you need to pay yourself and then make a claim. Generally speaking, your dependent children who are not students are also covered, again read the policy. Also note that the travel medical for this card only covers 10 days if you’re under the age of 65.

  40. Jason Wayne on November 6, 2019 at 6:39 PM

    Thank Barry, can you post a link to the policy? Thanks.

  41. jenny on November 8, 2019 at 1:40 PM

    Hi Barry,
    What cards currently have no forex fees? Which one offers the best cash back? Which card has best travel insurances. I do like the Amex option, but here in a more rural area, many merchants don’t accept Amex.

  42. Meaghan on December 18, 2019 at 3:36 PM

    Hello! Thanks for the info. Does this card have any coverage for Trip Cancelation Insurance? We are currently en route to Australia from Canada with a stop over in Hawaii and Jetstar has cancelled our flight to Melbourne. Sadly, we forgot to purchase travel insurance before the trip (of course, the one time I forget…..).

    Hoping this card will help over the costs at Jetstar is being absolutely useless. Cheers!

    • Barry Choi on December 18, 2019 at 3:47 PM


      Unfortunately, this card does not have any trip cancellation.

  43. Kevin on July 16, 2020 at 3:18 PM

    Points are slow to add up, even if you spend a huge amount on the card. If you don’t pay off the balance on your card dinged over a 22% interest charge. In the end you do not come out ahead on the PC Mastercard!

    • Barry.Choi on July 16, 2020 at 3:24 PM


      If you’re shopping at Loblaws owned stores or Shoppers Drug Mart, the points add up fast. You’re basically earning 3% or 4.5% return on all your purchases and that doesn’t include any in-store or targeted offers. If you’re carrying a balance, the rewards are definitely not worth and you should focus on debt repayment. This is a no fee card so I would say the majority of people do come out ahead.

  44. Jenna D. on August 24, 2020 at 7:45 AM

    Sounds fantastic!! However I have the card and have been trying to get my points fixed for over 2 years. I still only get 10 points at gas stations and minimum at their stores. I called, wrote,started a points claim and even wrote to the PC ombudsman. All failed to follow up and follow through. Very disappointing.

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