rewards4.0 / 5

PC World Elite Mastercard

PC Financial

Best for

Loyal Loblaws, No Frills, Superstore and Shoppers Drug Mart shoppers who want maximum free groceries with no fee.

Apply on PC Financial

Annual fee

None

FX fee

2.5%

Purchase APR

21.99%

Income req.

$80,000 personal / $150,000 household

Recommended credit score

725+

Approval difficulty

Hard approval

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 value

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)

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.

Written by

The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“PC World Elite Mastercard Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/pc-financial-world-elite-mastercard, updated June 2026.

Sources

PC Financial cardholder agreement and rates & fees disclosure
VaultNerd cards database