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Breaking it down: How to earn points using the PC Money™ Account

Jan 6, 2021

Are you ready to take control of your spending and score some serious points at the same time? Because the PC Money™ Account is a game-changer.

What is the PC Money™ Account?

This new account from PC Financial® works like a bank account. You can use it worldwide, anywhere Mastercard® is accepted, even online. There’s no monthly fee, a $250 tap limit and unlimited everyday transactions1, including free Interac e-Transfer® services, free withdrawals at PC Financial bank machines, self‑serve bill payments and purchases in Canadian dollars. Plus, you earn 10 PC Optimum™ points on every dollar you spend, everywhere you shop2. And just to be clear, that’s literally everywhere—not just PC® retailers like Loblaws®, Real Canadian Superstore®, No Frills®, Joe Fresh®, Zehrs® and Shoppers Drug Mart®.

How does the PC Money™ Account work?

First, open a PC Money™ Account through pcfinancial.ca or through the PC Financial mobile app. Then, add money to your account. You can do this by transferring funds via the Interac e-Transfer® service, or you can opt to link an external bank account to your PC Money™ Account. Then, start spending to earn PC Optimum points on every dollar of your purchases!

How do I earn points using the PC Money Account?

Whether you’re stocking your pantry or doing your holiday shopping, your PC Money Account allows you to earn 10 PC Optimum points (five regular points and five bonus points) for every dollar you spend, everywhere you shop2. Even better, if you link your card to your PC Optimum account, you’ll be eligible for personalized offers at participating stores, which makes it even easier to rack up points.

What’s more, Shoppers Drug Mart® has their own exclusive points offer: if you use your PC Money Account at Shoppers Drug Mart®, you’ll earn 10 points per dollar in addition to the 15 points per dollar available to all PC Optimum members for a total of 25 points per dollar of your purchases3. So yes, you should totally buy that new lipstick or stock up on diapers!

What about the welcome bonus?

When you set up your PC Money Account, you can take advantage of introductory offers to
earn up to 50,000 bonus points for setting up and using your account4.

  • Earn 25,000 bonus points for setting up a payroll direct deposit for the first time and completing at least three direct deposits into the account within the three consecutive months following setup. (These points will be awarded to your account between four and six weeks after the third deposit goes through.)

  • Earn 10,000 bonus points the first time you make a purchase of $50 or more with your new card (as long as you do so within three months of opening the account).

  • Earn 10,000 bonus points for linking your PC Money Account to an external bank account.

  • Earn 1,000 bonus points every time you make an online bill payment of at least $50, to a maximum of five bill payments per month. They are rewarded between four and seven days after they’re earned.

How can I redeem my PC Optimum points?

When it comes time to cash those points in, keep in mind the minimum redemption is 10,000 PC Optimum points, which is worth $10 in rewards and can be put toward groceries, health and beauty products and household goods at PC® retailers. If we do the math, that means your welcome bonus alone could be enough to help with your next grocery bill, or to treat yourself to a DIY spa day featuring Shoppers Drug Mart® products, or to go towards some cozy Joe Fresh® PJs for the whole fam. (Because no one’s wearing real pants this winter, right?)


1Everyday transactions include an unlimited number of completed electronic fund transfers, withdrawals at PC Financial bank machines, self‑serve bill payments and purchases in Canadian dollars. For information about daily and transactional dollar value limits on everyday transactions, and fees for other available transactions/services, and to access all legal documents for the PC Money™ Account, go to your Notification Centre by logging in to your online account at pcfinancial.ca or through the PC Financial mobile app.

2Earn 5 regular PC Optimum points plus a bonus of 5 PC Optimum points per dollar of your purchases with your PC Money™ Account. President’s Choice Bank reserves the right to cancel, change or extend regular and bonus points earning rates as of September 30, 2021. PC Optimum points will be deducted for any returns. Account must be in good standing at time of qualifying transaction and awarding of points. Minimum redemption is 10,000 PC Optimum points (worth $10 in rewards) and in increments of 10,000 points thereafter at participating stores where President’s Choice® products are sold. Some redemption restrictions apply; visit pcoptimum.caExternal link for details, participating stores and full loyalty terms and conditions.

3All PC Optimum members earn 15 points per dollar on eligible purchases at Shoppers Drug Mart and Pharmaprix. When you use your PC Money™ Account, you will earn an additional 10 points per dollar of your purchases.

4Earn up to 50,000 bonus PC Optimum™ points by taking advantage of introductory offers. Here are all the bonus points available to you:

  • Earn 10,000 bonus PC Optimum™ bonus points when you make your first purchase of $50 or more, using a valid PC Money™ Account, within three months of account approval. Limit one offer per PC Money™ Account. Account must have sufficient funds at the time of purchase. Bonus PC Optimum™ points will be deducted for any returns. Bonus points will be awarded to your PC Optimum™ account within 4‑7 days of eligible transaction.

  • Earn one bonus of 10,000 bonus PC Optimum™ points when you link a bank account with another financial institution to your PC Money™ Account and receive a success message upon verifying your external account online. Limit one offer per customer. Both accounts must be in good standing at the time they are linked. Bonus points will be awarded to your PC Optimum™ account within 4‑7 days of successfully linking accounts.

  • Earn a bonus of 1,000 PC Optimum™ points for each of up to five bill payments of $50 or more to unique payees, per calendar month, made using a valid PC Money™ Account. Bonus points will be awarded to your PC Optimum™ account within 4‑7 days of a successful bill payment.

  • Earn a one‑time bonus of 25,000 PC Optimum™ points when you set up automatic payroll or pension direct deposit into your PC Money™ Account for the first time and complete at least three direct deposits into the account within the three consecutive months following setup. Limit one offer per PC Money™ Account. Bonus points will be awarded to your PC Optimum™ account within 4‑6 weeks of completing your third direct deposit.

General information not about PC Financial products is provided for your reference and interest only. The above content is intended only to provide a summary and general overview on matters of interest and is not a substitute for, and should not be construed as the advice of an experienced professional. PC Financial does not guarantee the currency, accuracy, applicability or completeness of this content.