Credit Cards

PC Financial® World Elite Mastercard® full review

PC Financial® is all about rewards and benefits. And now it features Canada's first World Elite credit card by Mastercard®. What are you waiting for to get to know all about it? Just keep reading!

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by Aline Augusto

Published on 12/28/2021

PC Financial® World Elite Mastercard®

 PC Financial® World Elite Mastercard® review. Source: PC Financial®.
 PC Financial® World Elite Mastercard® review. Source: PC Financial®.

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!  

Credit ScoreFair – Good 
Annual Fee$0
Regular APRFrom 20.97% to 22.97%
Welcome bonus20,000 points or $20
RewardsUp to 45 points for each dollar spent on eligible purchases 

How to get PC Financial® World Elite Mastercard®?

PC Financial® World Elite Mastercard® credit card charges no annual fee. Plus, it gives you many rewards on purchases. Check out how to apply for it!

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How does the PC Financial® World Elite Mastercard® credit card work?

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:

  • 45 points for each dollar spent at Shoppers Drug Mart;
  • 30 points for each dollar spent on eligible grocery stores like Loblaws and Real Canadian Superstore;
  • At least 30 points per liter spent at Esso Mobil;
  • 30 points per dollar with PC Travel;
  • 10 points per dollar spent on all other purchases.

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!

PC Financial® World Elite Mastercard® benefits

See what are the benefits of PC Financial® World Elite Mastercard® credit card. Source: Canva.
See what are the benefits of PC Financial® World Elite Mastercard® credit card. Source: Canva.

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.

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Pros

  • No annual fee
  • Reward program through PC Optimum Points and partners, with no expiration date
  • Welcome bonus and APR intro offer
  • Extended warranty
  • Purchase assurance
  • Travel Emergency Medical Insurance
  • Car Rental Collision and Loss Damage Waiver Insurance
  • ID Theft Assistance
  • 24/7 Concierge service
  • Mastercard® worldwide acceptance

Cons

  • Minimum personal or household income required
  • Limited points redemption program

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How good does your credit score need to be?

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.

How to apply for a PC Financial® World Elite Mastercard®?

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.

How to get PC Financial® World Elite Mastercard®?

PC Financial® World Elite Mastercard® credit card charges no annual fee. Plus, it gives you many rewards on purchases. Check out how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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