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.
At a glance
Annual fee
No annual fee
Welcome bonus
~$20
Foreign tx fee
2.5%
Network
MASTERCARD
Rewards
points
Purchase APR
21.99%
Rewards & earn rates
Shoppers Drug Mart / Pharmaprix45 PC Optimum points per $1 (4.5% back)
45x
Loblaw banner grocery stores & Joe Fresh30 points per $1 (3% back) at Loblaws, No Frills, Real Canadian Superstore, Maxi and more
30x
Esso & MobilMinimum 30 PC Optimum points per litre of fuel
30x
Everything else10 points per $1 (1% back)
10x
Welcome offer: 20,000 PC Optimum points (worth $20 in free groceries) (Spend $50 or more at participating Loblaw banner stores, Shoppers Drug Mart, Joe Fresh, Esso or Mobil within 60 days of approval).
Pros & cons
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 & insurance
Key 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)
Rates & fees
Annual fee
None
Purchase interest
21.99%
Cash advance
22.97%
Foreign transactions
2.5%
Min. personal income
$80,000
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
