rewardsno fee

PC® World Elite Mastercard® review

4.0Rated by the CreditCardGuru Editorial Team

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

Similar cards to consider

Guru Pick American Express®

American Express® Cobalt® Card

4.8·Foodies and everyday spenders who want maximum points on dining and groceries

Annual fee: $156/yr
Welcome bonus: ~$300
Top reward: 5x eats & food delivery

Best-in-class earn rate on dining and groceries
Membership Rewards transfer to Aeroplan, Marriott & more

Suggested score 720+ · Excellent credit

Apply now View details

Guru Pick Scotiabank®

Scotiabank® Gold American Express®

4.7·Grocery shoppers and travellers who want no foreign transaction fees

Annual fee: $120/yr
Welcome bonus: ~$650
Top reward: 6x groceries

No 2.5% foreign transaction fee
6x on groceries is one of the highest in Canada

Suggested score 720+ · Excellent credit

Apply now View details

No FX fee

Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

200+ Canadian cards tracked
Transparent rating methodology
Updated continuously

Cite this page

“PC® World Elite Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/pc-financial-world-elite-mastercard, updated June 7, 2026.