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PC World Elite Mastercard®
Credit cards

PC World Elite Mastercard®

Updated 01.12.2022

About PC World Elite Mastercard

PC World Elite Mastercard is the most advantageous credit card provided by President’s Choice Financial. Customers will earn bonus points as fast as possible as this credit card boasts the highest rewards rates. In addition, customers earn PC Optimum points for each purchase in any shop, but they will face stringent requirements. 

PC World Elite Mastercard features

Like all other credit cards provided by PC Financial, World Elite Mastercard has no annual fee. Customers don’t pay for this card but earn bonuses. PC World Elite Mastercard has the highest reward rates. PC World Elite cardholders will receive 30 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.

Moreover, customers will earn more points for purchasing at other partner spots, such as Shoppers Drug Marts. For example, they will earn 30 points per liter at Esso and Mobil, 45 points per $1 at Shoppers Drug Mart, and 30 points per $1 at PC Travel. These rates are much higher than previous credit cards, but rewards for other stores are the same. Customers earn 10 points per each $1 spent at any store or shop.

PC World Elite Mastercard has the same high rates: 20.97% on each purchase and 22,97% on cash advance and balance transactions. 

On the other hand, 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.

However, PC World Elite Mastercard provides customers with exclusive benefits available only to these cardholders. For example, customers will have travel insurance coverage for trips up to 10 days from the date of departure for those under the age of 65. Subject to limitations and exclusions, this insurance covers up to $1,000,000 in out‑of‑province emergency hospital accommodation and medical expenses, doctor charges, private duty nursing, ambulance services, and many others. Also, they will be provided with Car Rental Collision/Loss Damage Waiver Insurance that protects them from damaging or losing their rental cars. Finally, the company offers identity theft assistance services, 24/7 concierge services, purchase assurance, extended warranty, Account Balance Protection (Spousal or Standard), and a Credit Alert Plus package.

To obtain this card, customers will face the most strict financial requirements. To be approved for a PC Financial World Mastercard, customers must earn $80,000/year minimum personal income or $150,000/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 Elite Mastercard offers some benefits:

  • The annual fee is $0;

  • A lot of valuable perks are offered;

  • Travel insurance services included;

  • The highest rewards rates;

  • PC Optimum points can be redeemed for real money.

However, here are some drawbacks of The President’s Choice Financial World Elite Mastercard:

  • The strictest eligibility requirements;

  • The interest rates are high;

  • Real bonuses may be lower than advertised;

  • Rewards can only be redeemed in participating stores. 

How to apply for a PC World Elite Mastercard 

To apply for a PC World Elite Mastercard, customers only need to visit the President's Choice Financial website and choose the required credit card directory. Then, they need to click the “Apply Now” button on the following webpage. 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. First, they need to review the disclosure and start their application. Next, customers need to enter the following:

  • 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 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.

How long does the approval for a PC World Mastercard take?When customers are done with the online application, they will need to wait for approval. Usually, it takes about 5-7 business days.
How can I apply for any additional services from PC Financial?PC World Elite Mastercard offers customers a variety of additional services. To apply for one of these products, customers need to visit their online account and click or tap on “Accounts & Cards,” and navigate to the card they want to set this up for.
Am I eligible for a PC World Mastercard with less than $80,000/year of personal income?Customers must have $80,000/year of personal income or $150,000/year minimum household income. However, they will need to pass the credit check additionally.

Effective interest rate on the product

20.97% - 22.97%

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