Best PC Financial Credit Cards for 2025
You may know President’s Choice best for their food products, but the company also issues credit cards through President’s Choice Financial, or PC Financial for short.
The company is owned by Loblaw and offers four credit cards that earn PC Optimum points, which you can redeem at a range of stores and gas stations nationwide.
Compare PC Financial credit cards
Rewards breakdown
Rewards breakdown
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NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
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Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
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What to know about PC Financial’s credit cards
Weigh the costs, perks, and rewards of PC Financial credit cards to determine if they’re the right fit before applying.
Benefits and drawbacks of PC Financial credit cards
Benefits
Three of PC Financial’s credit cards do not charge an annual fee.
You can redeem points online and in person at select locations.
The PC World Elite Mastercard and PC Insiders™ World Elite Mastercard offer both travel insurance and rental car coverage.
PC Financial’s credit cards are the only credit cards in Canada that earn PC Optimum points, as of this writing.
Drawbacks
Accelerated earn rates only apply to purchases made in select stores and services.
The PC Mastercard and World Mastercard have limited insurance offerings.
PC Optimum rewards program
PC Optimum is the President’s Choice rewards program. Members can earn points at participating stores across Canada and redeem them at select locations. A PC Financial credit card is not required to start collecting PC Optimum points, and membership is free and open to Canadian residents over the age of 14.
How to earn PC Optimum points
Earn PC Optimum points at over 4,500 gas stations, grocery stores and other participating locations.
Pay with your PC credit card to automatically earn points on eligible purchases.
Or, scan your PC Optimum membership card, key tag or mobile app at checkout to earn points.
Visit the PC Optimum website and enter your location to search for places nearby where you can earn points.
How to redeem PC Optimum points
You can redeem PC Optimum points online or in-store at any participating location. For example, you can use the points you collect to pay for items at Joe Fresh, or gas at Esso.
In-store: Simply scan your PC Optimum card, key tag or mobile app at the register or self-checkout.
Online: Select to redeem points with your purchase at checkout.
PC Financial credit card costs and features
Learn more about PC Financial’s credit card lineup through these key features.
The PC Insiders World Elite Mastercard is the only credit card from PC Financial with a welcome offer, as of this writing.
The following interest rates apply to all four of PC Financial’s credit cards, as of this writing:
Purchase: 21.99%.
Cash advance: 22.97% (21.97% in Quebec).
Penalty: 26.99% for purchases and 27.95% for cash advances may go into effect if you miss a payment.
Expect to pay the following fees, as of this writing:
Annual fee: $0 ($120 for the PC Insiders™ World Elite Mastercard).
Balance transfer fee: 5%.
Cash advance fee: $5 to $7.50.
Foreign transaction fee: 2.5%.
Dishonoured payment fee: $42.
Over-limit fee: $29 ($0 for Quebec residents).
Travel emergency medical insurance. PC World Elite and PC Insiders World Elite cardholders, under the age of 65, can enjoy up to $1,000,000 of coverage for the first 10 days of a trip.
Rental car theft and damage. PC World Elite and PC Insiders World Elite cardholders get 31 days of coverage on rental vehicles in the event of damage or theft.
Extended warranty and purchase protection. All of PC Financial’s cardholders get extended warranty and purchase protection.
How to choose the best PC Financial card for you
Consider the following when deciding which PC Financial credit card is right for you.
Annual fee. While most of PC Financial’s credit cards have no annual fee, the PC Insiders World Elite Mastercard costs cardholders $120 per year. Getting a card with an annual fee only makes sense if the benefits of the card outweigh the cost.
Interest rate. All of PC Financial’s credit cards offer the same interest rate (21.99%). If you suspect you’ll carry a balance from month to month, you may want to consider a low-rate credit card instead.
Earn rates. Look at the specific earn rates for each of PC Financial’s credit cards. The card that earns the most points at the store you shop at regularly will likely be the best fit.
Income requirements. Most of PC Financial’s credit cards require you to have a minimum annual income to apply, ranging from $50,000 to $80,000 for individuals. The exception is the PC Mastercard, which does not have any income requirements.
Welcome offer. There may be a sign-up bonus of PC Optimum points available, depending on the card you’re interested in. Read any applicable terms and conditions to see what criteria are required to unlock the offer.
How to apply for a PC Financial credit card
You can apply for a PC Financial credit card online via the company’s website. Just click on the ‘Apply now’ button and follow the online prompts.
In general, you’ll need to submit your personal contact details, employment status and financial information to apply.
Is a PC Financial credit card worth it?
If you’re a regular Loblaws shopper and enjoy collecting PC Optimum points, a PC Financial credit card may be a good fit. However, these cards are designed to earn and redeem points under the President’s Choice and Loblaws brands, which means you have to shop at their stores to get the most out of the rewards program.
If you tend to shop more at, say, Walmart or Costco, a different store credit card may make more sense.
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