The no annual fee PC® Mastercard® earns points everywhere with no limits. Can your cashback card do that?
Picking the right credit card can be a challenge. In a sea of competitive cards, you’re looking for the one that offers more value than all the rest! But first you have to ask yourself what’s better, rewards points or cash back? Well, it’s simple, really. You want the most value on your purchases. And nothing offers more value than cash, right? Not exactly. A lot of cash back cards sound great, until you’re bound by limitations—like capping how much you can earn or restricting when you can cash in your rewards. The no annual fee PC® Mastercard® offers value on every purchase you make; with no limits on your points earning potential and points you can use when you want. No catches, just rewards! Can your cashback card do that?
It’s more than just a grocery card––it’s an everything card.
You earn at least 1% back in points everywhere you use your card1. So, whether you’re dining out at your favourite neighbourhood bistro or catching a cab to the airport, you’ll always earn points on every purchase, everywhere.
Plus, there are ways to earn even more with up to 3% back in PC Optimum™ points1 at Loblaw affiliated grocery stores2, up to 4.5% back in points at Shoppers Drug Mart® and Pharmaprix® stores3, up to 3% back in points at Joe Fresh® stores1 (in-store and online), and at least 3¢ per litre back in points when you fuel up at Esso™ and Mobil™ stations in Canada4. Basically, using your PC® Mastercard® is an easy and convenient way to ensure you’re always earning points every time you make a purchase.
Why? Because when we say, “earn everywhere without limits”, we mean it! Some cards that offer cash back have category restrictions (earn on this, but not that!), not us!
Not to sound dramatic, but the points earning potential is… UNLIMITED.
Unlike some cash back cards, we don’t cap how much you can earn (so you’ll never get the hold it, we think you’ve earned enough treatment).
Plus, you just read about our great earn rates (like up to 3% back in points at Loblaw banner grocery stores). So, if you’re the type to maximize value on all your purchases, this card was designed for you. It’s about the flexibility to earn and use points on your own terms, catering to whatever your lifestyle may be.
Redeem points with ease, on your terms2
You work hard to earn those points. You shouldn’t have to work hard to redeem them! So, we made it easy with 4,500 locations across Canada2, where you can turn your PC Optimum™ points into special moments with loved ones, a little more breathing room in your budget, or a reason to pamper yourself at home.
Plus, it’s not just convenient locations that make redeeming easy. Some cash back or rewards cards only let you access your earnings once a year or have an unreasonably high minimum threshold for redemption. With the PC® Mastercard®, you can redeem anytime, with just a minimum of $10 in points. And let’s say you want to go big, like saving up for a fancy backyard pizza oven. Good news, PC Optimum™ points have no expiration date, so you don’t have to worry about racing against the clock. You just get convenient rewards on your terms, for every side of you.
At the end of the day, cash back cards can put money right back in your wallet. But with many of them having limits on how much you can earn, the categories that qualify, and when you can redeem, the feeling you’re left with can be… less than rewarding.
Earning everywhere and redeeming when and how you want means the PC® Mastercard® doesn’t just fit into your life, it helps you make more of it. In fact, on average, Canadians earn up to $750 back in points every year* on everyday purchases like grocery, fuel, beauty, and apparel.
Plus, when you apply for the no annual fee PC® Mastercard® today, you can earn a limited-time welcome bonus points offer!5
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.
*Total value estimate is based on PC Optimum points™ earned on purchases with a PC Financial® World Elite® Mastercard® at stores that participate in the PC Optimum™ program. For illustrative purposes only; results may vary based on individual spending behaviour.
1Earn a minimum of 10 PC Optimum™ points per dollar on all of your purchases charged to the credit card. Any bonus PC Optimum™ points offers available to all PC Financial® Mastercard® customers are calculated based on the regular earnings rate of 10 PC Optimum™ points per dollar spent. This offer may be terminated or changed at any time.
2Visit pcoptimum.ca for details on participating stores where the PC Optimum™ program is offered. Minimum redemption is 10,000 PC Optimum™ points (worth $10 in free rewards) and in increments of 10,000 PC Optimum™ points thereafter, at participating stores. You can redeem the PC Optimum™ points you earn for eligible purchases, or for any other purposes of which we may advise you from time to time. Some redemption restrictions apply.
3All PC Optimum™ members earn 15 points per dollar on eligible purchases at Shoppers Drug Mart® and Pharmaprix® stores. When you use your PC Financial® Mastercard® you will earn additional points per dollar: 10 points per dollar for PC Financial® Mastercard® cardholders; 20 points per dollar for PC Financial® World Mastercard® cardholders; 30 points per dollar for PC Financial® World Elite® Mastercard® cardholders; and 35 points per dollar for PC Insiders™ World Elite® Mastercard® cardholders.
4Points amount shown includes the 10 points per dollar for all purchases with the PC Financial® Mastercard®. In addition, earn at least 10 PC Optimum™ points per purchased litre of gasoline or diesel fuel at Esso™ and Mobil™ stations in Canada when you pay with your PC Financial® Mastercard®. You will also earn at least 10 PC Optimum™ points per litre available to all PC Optimum™ loyalty members at Esso™ and Mobil™ stations in Canada. Earn an additional 10 points per litre of premium gasoline (Octane 89, 91, 93) at Esso™ and select Mobil™ Stations. You could earn even more points at Mobil™ stations located adjacent to a Loblaw banner grocery store. Exact earn rate is available at the station. Should fuel prices fall below $1/L, causing total points per litre awarded to fall below 30 points per litre, points will be topped up to ensure a minimum of 30 points per litre are awarded in all transactions paid with a PC Financial® Mastercard® at Esso™ and Mobil™ locations. For full details including how points are awarded to your PC Optimum™ account and rounding rules, visit pcfinancial.ca/en/legal-stuff/pc-optimum-mastercard/.
5Apply online using the specified link on this page by June 10th, 2025 at 11:59:59 pm ET, and earn up to 100,000 PC Optimum™ points by taking advantage of introductory offers. These introductory offers are available to new, first-time PC Financial® Mastercard® cardholders and may be terminated or changed at any time without notice. These offers replace any other introductory offers. Here are all the bonus points available to you:
Earn a one-time bonus of 75,000 PC Optimum™ points when you spend $50 or more in total purchases at participating Loblaw banner grocery stores, Joe Fresh® stores, Shoppers Drug Mart® or Pharmaprix® stores in Canada within 60 days of account approval.
Earn a one-time bonus of 25,000 PC Optimum™ points when you spend $50 or more in total purchases at Esso™ or Mobil™ stations in Canada within 60 days of account approval.
Qualifying purchases must be made with your new PC Financial® Mastercard®. Date of account approval is the date of the PC Financial® email confirming that your PC Financial® Mastercard® is approved. Any refunds or merchant credits received during the offer period will reduce your total purchases amount for the purposes of these offers. Allow 4-6 weeks from the qualifying purchase for bonus PC Optimum™ points to be awarded. President’s Choice Bank has the right to deduct points for any refunds, returns or other similar credits.
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