You must be wondering: is there a credit card with rewards that doesn’t charge an annual fee? Yes, there is! And we are going to take you on a tour to show you how it works in this PC Financial® World Elite Mastercard® review!

First of all, you earn points on every dollar spent on purchases. Plus, it is partnered with some brands where the more you spend, the more you earn.

Second of all, you don’t need to worry about annual fees, because this card doesn’t charge any. Good, right?

Third of all, check out the chart below to get a first look at the card summary!  

The President’s Choice Financial® World Elite is a credit card full of rewards. But this is not the only benefit of it. If you search for a card with no annual fee, you may have just found one. 

But let’s get started with the points you can earn by holding the card in your wallet.

Firstly, this Mastercard® is partnered with some brands and stores, and you can be rewarded by purchasing at them, as follows:

Secondly, it charges a standard APR of 20.97% on purchases and 22.97% on cash advances. But it offers a promotional sign-up bônus of 0.97% APR on balance transfers for six months, plus 21 days of interest-free on new purchases.

And all of that with no annual fee.

Well, are there drawbacks to this credit card? See right below!

As you can see, the reward program is pretty good. And 10,000 points equals $10 worth of free products on eligible stores. However, note that the limit for redemption is 10,000 PC Optimum points.

In addition, the card offers some insurances and services, such as Travel and Car Rental Collision Insurance, ID Theft Assistance, and 24/7 Concierge service.

On the contrary, the downside of it is the requirements for the application. You have to present a minimum personal income of $80,000/year or a minimum household income of $150,000/year.

Usually, a good credit card requires a high credit score and some other requirements. With PC Financial® World Elite is not different.

You need to be a Canadian resident in the age of majority, for starters.

Then, it requires at least a fair credit score, over 560. Plus, you should present a minimum personal income of $80,000/year or a minimum household income of $150,000/year.

If you meet the requirements and got interested in applying for this credit card, look at our next post to learn how the application process works.