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PC World Mastercard®
Credit cards

PC World Mastercard®

Updated 01.12.2022

About PC World Mastercard

PC World Mastercard is one of the premium credit cards provided by President’s Choice Financial and participating in the PC Optimum program. With this card, customers receive more points than with the standard PC Mastercard, but have to fulfill stricter requirements.

PC World Mastercard features

Customers receive PC Optimum points for each dollar they spend. For example, PC World cardholders will receive 20 points for $1 in all grocery stores that partner with PC Financial. These are Loblaws, No Frills, Fortinos, Valu-mart, Provigo, Dominion, Joe Fresh, Real Canadian Superstore, Maxi, etc. Also, customers will earn more points for making purchases at other partner spots, such as Esso gas stations. For example, they will earn 30 points per liter at Esso Mobil, 35 points per $1 at Shoppers Drug Mart, and 20 points per $1 at PC Travel. Finally, if customers don’t want to make purchases in these stores, they will still have 10 points on each $1 spent at any spot, so that they will earn bonuses anyway.

PC Financial charges relatively high rates on their credit cards: 20.97% on each purchase and 22,97% on cash advance and balance transactions. 

Moreover, according to the available information, customers need to consider that their real purchase rewards may be lower than the advertised ones, as PC Financial includes what customers earn just for being PC Optimum members. That affects Esso and Shoppers rates.

What’s more, some additional perks are available only for PC World Mastercard holders, such as 24/7 concierge service, leisure and entertainment, medical assistance, and other services such as emergency cash transfer arrangements or assistance translation services.

Furthermore, there are few additional services like insurance coverage or other benefits.

PC World Mastercard holders can enjoy Mastercard global services such as reporting a lost or stolen card, obtaining an emergency card replacement, or cash advance. Also, PC Financial provides customers with purchase assurance and extended warranty, Account Balance Protection (Spousal or Standard), and Credit Alert Plus package that includes useful tools such as credit reporting, daily monitoring and surveillance, quarterly credit report, security software, 24/7 assistance, and many others. 

However, customers must note that eligibility requirements are much stricter than for a standard PC Mastercard. To be approved for a PC Financial World Mastercard, customers must earn $60,000/year minimum personal income or $100,000/year minimum household income. Also, they must pass a credit check and have a credit score over 660 at least. 

Pros and cons

The President’s Choice Financial World Mastercard has several advantages:

  • The annual fee is $0;

  • More useful perks are available;

  • Customers earn rewards for buying items;

  • Customers can redeem their points into real money and spend it in partner stores;

  • Customers receive more rewards. 

Nevertheless, The President’s Choice Financial Mastercard has some drawbacks:

  • Requirements are strict;

  • Interest rates are high;

  • Real bonuses may be lower than advertised;

  • Minimal insurance coverage;

  • Rewards can only be redeemed in participating stores. 

How to apply for a PC World Mastercard 

Customers can apply for a PC World Mastercard online without visiting the company's office. Instead, they need to visit the company’s website, choose the PC World Mastercard directory, and go to its webpage. On that page, they need to click the “Apply Now.” On the next page, they will be asked whether they are clients of PC financial or not. Afterward, they need to check the eligibility rules and click on the “Get Started” button. Firstly, they need to read the disclosures and start their application. Customers need to enter:

  • Personal Information: full name, date of birth, SIN, etc.;

  • Contact Information: email address, phone number, and preferred language;

  • Address: find their address, choose the housing type and monthly rent;

  • Employment: choose the relevant employment status and fill out the required information, occupation, and income. 

Also, customers need to enter the information about the authorized user and account options and review their applications. 

Finally, customers will have their applications done and wait for the company's response.

I have a household income of less than $100,000. Am I eligible for a PC Financial World Mastercard?PC Financial World Mastercard has strict eligibility rules. Customers need to have an annual household income of more than $100,000 or $60,000 minimum personal income.
How can I spend my PC Optimum rewards?Customers can redeem and spend their PC Optimum points only in stores and shops participating in the PC Optimum program. It means they cannot spend redeemed dollars at any other spots.
Does PC Financial have a referral program?Yes, customers can earn 25,000 PC Optimum points for each referral that signs up and spends $100 with their new PC Financial. First, they must log in to their online account and select the "Refer a friend" section in the dashboard. Afterward, they can share their referral code with ten friends or family members to earn extra points.

Effective interest rate on the product

20.97% - 22.97%

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