PC World Elite Mastercard
Loyal Loblaws, No Frills, Superstore and Shoppers Drug Mart shoppers who want maximum free groceries with no fee.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
The best card in the PC Optimum ecosystem: up to 4.5% back at stores you already visit, plus surprisingly good insurance for a no-fee product. Weak outside the Loblaw family, so pair it with a general-spend card.
Reward rates
Shoppers Drug Mart / Pharmaprix 45 PC Optimum points per $1 (4.5% back) | 45x |
Loblaw banner grocery stores & Joe Fresh 30 points per $1 (3% back) at Loblaws, No Frills, Real Canadian Superstore, Maxi and more | 30x |
Esso & Mobil Minimum 30 PC Optimum points per litre of fuel | 30x |
Everything else 10 points per $1 (1% back) | 10x |
VaultNerd values these points at ~0.1¢ each.
Welcome bonus
20,000 PC Optimum points (worth $20 in free groceries)
Requirement: Spend $50 or more at participating Loblaw banner stores, Shoppers Drug Mart, Joe Fresh, Esso or Mobil within 60 days of approval
Pros
- Excellent no-fee returns at Loblaw, Shoppers and Esso
- Rare no-fee inclusions: travel medical, rental car coverage and concierge
- Simple redemption at stores Canadians already shop at
Cons
- Only 1% back outside the PC ecosystem
- Points only redeemable at Loblaw-family stores
- High $80k income requirement for a no-fee card
Perks
- No annual fee and free additional cards
- 4.5% back in points at Shoppers Drug Mart - one of Canada's best drugstore rates
- 24/7 concierge service and identity theft assistance
- Points redeem easily at checkout ($10 per 10,000 points) at Loblaw-family stores
Insurance
- Travel emergency medical (trips up to 10 days, under age 65)
- Rental car collision/loss damage waiver (up to 31 days, MSRP up to $65,000)
- Purchase assurance (90 days)
- Extended warranty (up to 1 additional year)
Frequently asked questions
Is the PC World Elite Mastercard worth it?
It has no annual fee, and we rate it 4.0 out of 5. It's best suited to loyal Loblaws, No Frills, Superstore and Shoppers Drug Mart shoppers who want maximum free groceries with no fee. The welcome bonus is worth roughly $20, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the PC World Elite Mastercard earn?
It earns 45x on shoppers drug mart / pharmaprix, 30x on loblaw banner grocery stores & joe fresh and 30x on esso & mobil. We value these points at about 0.1¢ each, so the top rate works out to roughly 4.5% back.
What credit score do you need for the PC World Elite Mastercard?
We'd suggest a score of around 725 or higher, which puts approval in our "hard" band. It also lists an income requirement of $80,000 personal or $150,000 household. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“PC World Elite Mastercard Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/pc-financial-world-elite-mastercard, updated June 2026.
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