PC Financial

Here's a look
at the perks:


In our stores2 10 PC Points per $13

Everywhere else 10 PC Points per $1

PC Travel 20 PC Points per $15

PC Mobile 10 PC Points per $1

Esso Bonus of
2 cents per
litre in
PC points4

Enter your estimated monthly expenses to watch the PC® points you could be earning add up.

Purchases interest rate


Cash Advance interest rate


balance transfers


6 months for new accounts8

Grace Period

21 days

Card Details:

  • Enjoy Free Benefits
    • Mastercard Global Service that replace your card or offer a cash advance in case of emergency
    • Up to four free additional cards on your account for family members, so you can earn PC points even faster
    • Free personalized convenience cheques to pay with at places that don't accept credit cards
    • Free Purchase Assurance in case of theft, loss or damage in the first 90 days6 when you pay in full with your PC Financial Mastercard credit card (learn more)
    • Free Extended Warranty that doubles the manufacturer's regular warranty for up to an additional year6 on items purchased with your PC Financial Mastercard credit card (learn more)
  • Redeem

    Earn PC points for every $1 spent3 everywhere you shop.

    How to redeem your PC points

    • You can start redeeming once you’ve earned 20,000 PC points, which equals $20 in free groceries. Or redeem higher amounts in further increments of 10,000 PC points (which is equivalent to a further $10 in rewards).
    • Just present your President's Choice Financial Mastercard or bank card at the check-out at participating stores where President's Choice® products are sold and tell the cashier that you're redeeming your PC points.
  • Interest Rates and Fees

    Annual Interest Rates

    • Purchases rate in effect when your account is approved: 19.97%
    • Cash Advance rate in effect when your account is approved: 22.97%.
    • Promotional balance transfers: 0.97% for 6 months for balance transfers¹ made within 90 days of account approval.

    We may, with prior notice, increase your Purchases and Cash Advances rate to the Performance rate of 25.95% for Purchases and 27.95% for Cash Advances following a review of:

    • Your account use (including whether you exceeded your credit limit or had any dishonoured payment transactions), or
    • Your credit bureau reports and credit history.

    Your interest rates will increase to the Default rate of 25.97% for Purchases and 27.97% for Cash Advances if you:

    • Do not make the minimum payment by the due date for two consecutive months, or
    • Are not in full compliance with the terms of your cardholder agreement.

    Interest-Free Grace Period - 21 days

    A minimum of 21 days for new Purchases (meaning purchases which have not appeared on any previous statement) if you pay your entire current statement balance in full by the applicable due date, otherwise interest is charged from the transaction date.

    The interest-free grace period does not apply to Cash Advances (which include balance transfers and convenience cheques), and interest is charged from the transaction date.

    Minimum Payment

    Any past due amounts, plus: your statement balance if $10 or less, or the greater of
    (a) $10
    (b) 2.2% of your total statement balance, or
    (c) The interest charges and fees billed on the current statement plus $1.

    Foreign Currency Conversion - 2.5%

    For foreign currency transactions, the foreign currency conversion markup percentage charged is 2.5% of the amount of the charge or credit transaction as converted first into U.S. dollars and then into Canadian dollars at the current exchange rates on the transaction date.

    Annual Fee - None

    Other Fees - To be charged on the day the transaction occurs:

    • Cash Advance at a bank machine or teller in Canada: $3.50
    • Cash advance outside Canada: $5
    • Overlimit charge if over the credit limit on statement date: $29
    • Cash equivalent transaction (such as for a wire transfer or money order): 1% (minimum $5, maximum $10)
    • Dishonoured payment or convenience cheque: $42
    • Copy of a sales draft or previous account statement: $10
    • Credit balance refund made by cheque: $20
    • Balance Transfer: 1% of the transferred amount will be charged for balance transfers requested 6 months or more after account approval.
    • Inactive account: if on your statement date there is a credit balance on your account and there has been no activity on your account (meaning no debits, credits, interest or fees) for the preceding 12 consecutive months, your account is subject to a fee equal to the lesser of $10 or the credit balance amount.
  • Manage Your Account Online

    Managing your PC Financial Mastercard account online or from your mobile device is easy, and puts you in the driver’s seat. Visit www.pcfinancial.ca/mastercard to enroll and we’ll help you keep on top of your account.

    • Check your balance and available credit
    • Quickly review a summary of your account and recent transactions including pending authorizations
    • Update your contact information
    • Switch to paperless statements - get your statements faster and receive an e-alert when your statement is ready to view online
    • View e-statements from the past two years
    • Make account requests such as ordering additional cards (a maximum of 4) or informing us about your travel plans to help keep your card accessible
  • Optional Extras

    Account Balance Protection - Spousal

    This insurance can cover* your minimum payments on your President’s Choice Financial Mastercard in case the unexpected happens to you or your spouse, so you have one less thing to worry about.

    • Covers 5% of your balance on the date of loss (more than the required minimum monthly payment) for up to 20 consecutive months in the event that you or your spouse becomes disabled or suffers involuntary job loss* up to age 65
    • In case of the death, accidental dismemberment or diagnosis of a critical illness (cancer, heart attack, or stroke)* of you or your spouse prior to age 75, pays off the full balance owing on the date of loss or date of diagnosis for critical illness, up to $15,000
    • Covers one monthly payment of 5% of your balance as of the first day of hospitalization (to a maximum of $500) if you or your spouse are hospitalized* for more than 2 consecutive days prior to age 75
    • Your premium appears on your statement
    • If your current month's statement balance is zero, so is your premium
    • Try it risk free for 30 days - you can cancel anytime, and if you cancel within the first 30 days of your coverage becoming effective we’ll refund any premiums collected
    • Only $1.19 (plus applicable taxes) per $100 of your current month’s statement balance

    Important information about Account Balance Protection - Spousal, including limitations and exclusions

    Call 1-866-246-7262 today to speak to a representative and add ABP Spousal to your account

    *Certain limitations and exclusions apply. Complete details, including the definition of covered conditions, are set out in the Certificate of Insurance that will be sent to you when you enroll.


    Account Balance Protection - Standard

    This optional insurance plan covers you in three different ways:

    1. If you were to become disabled or lose your job involuntarily before age 65 while enrolled in the plan, it pays 3% of your President’s Choice Financial Mastercard balance at the date of disability or job loss each month for up to 2 years starting after 30 days of disability or unemployment.
    2. If you were to be hospitalized for more than 7 consecutive days before age 70 while enrolled, it would make a one-time payment of 3% of the outstanding balance of your President’s Choice Financial Mastercard as of the date of hospitalization, up to $500.
    3. It would pay up to $15,000 to cover the outstanding balance on your President’s Choice Financial Mastercard as of the date of death or injury in the event of your loss of life or accidental dismemberment. This death and dismemberment benefit covers you and any authorized user who is your spouse.

    • Try it risk free for 30 days - you can cancel anytime, and if you cancel within the first 30 days of your coverage becoming effective we'll refund any premiums charged
    • Only 99¢ (plus applicable taxes) per $100 of your current month's statement ending balance

    Important information about Account Balance Protection - Standard, including limitations and exclusions

    Sign in and add to account


    Account Balance Protection - Involuntary Job Loss only

    This insurance can cover your minimum payments on your President's Choice Financial Mastercard account and help protect your credit rating in case of involuntary job loss.

    • Covers your minimum monthly payments for up to 20 consecutive months in case of involuntary unemployment
    • If your current month's statement balance is zero, so is your premium
    • Your premium appears on your statement
    • Try it risk free for 30 days - you can cancel anytime, and if you cancel within the first 30 days of your coverage becoming effective we'll refund any premiums charged
    • Only 79¢ (plus applicable taxes) per $100 of your current month's statement ending balance

    Important information about Account Balance Protection- Involuntary Job Loss, including limitations and exclusions

    Additional Account Balance Protection Insurance plan options may be available. For complete information regarding Account Balance Protection options please call 1-866-246-7262 to speak with a representative.


    Credit Alert® Plus

    Credit Alert Plus is a comprehensive suite of tools that helps you proactively monitor, manage and protect your valuable credit and identity information.

    • Credit Report: You will receive an easy-to-read copy of your credit report and score (based on information from Equifax®), so you can make sure that your information is accurate with no unexpected activity
    • Daily Monitoring and Surveillance: You will be sent an alert within 24 hours when there are certain changes to your report. Credit report inquiries, address changes and new accounts opened, can be key indicators of identity fraud, and are monitored from both major Canadian credit reporting agencies - Equifax and TransUnion. Text or e-mail alerts allow you to respond quickly when identity fraud is suspected.
    • Quarterly credit report: Every 3 months you will receive a refreshed score, information on any new accounts opened, certain inquiries made, address changes and identification information changes
    • Credit education specialists: Specialists are available to help you understand your credit report, walk you through some of the more complex credit or fraud issues, and help you understand how information is obtained and retained by the credit reporting agencies
    • Victim Assistance and Restoration: Access to trained specialists at the service provider's Identity Theft Recovery Unit who will walk you through the steps of restoring your credit if you should become a victim of identity theft
    • Security software: Help protect your computer and internet identity from hackers thanks to anti-virus and anti-key logging software
    • 24/7 online access: Access your credit report and score 24/7 online or through a mobile app

    Enroll today by calling 1-866-246-7262 or sign in to add it to your account.

    Get the first 30 days free, and pay only $19.99 per month thereafter (plus applicable taxes). To cancel at any time, simply call 1-866-246-7262. If you call within the first 30 days you will not be billed. Credit Alert® Plus is not an insurance product. Services are provided by AIMIA Proprietary Loyalty Canada Inc.(“AIMIA”) and Intersections Inc. President's Choice Bank and its related companies are not affiliated with AIMIA and Intersections Inc. and are not responsible for delivery of the services or liable in connection therewith and are also not liable for fraudulent use of your membership for this service.

  • Easy Payments

    Making a payment shouldn’t give you a headache. Here's what you should know:

    • If there’s a balance on your account, you’ll be required to make monthly payments
    • You’ll receive monthly account statements and you must pay at least the minimum payment by the due date shown on your account statement
    • Payments must be made in Canadian currency

    There are four easy ways to pay your Mastercard bill:

    1) Online, telephone, bank machine: Automated payments are your quickest and most convenient option. Online, telephone and bank machine payments at most major financial institutions are credited the same day provided you make your payment by 5pm CST on a banking day. These payments are reflected on your online summary 2-3 days afterwards.

    2) Pre-Authorized Debits - Enroll for this service today and never miss a payment. Authorize us to automatically withdraw either your minimum payment due or your full statement balance from your bank account on your payment due date. Go to pcfinancial.ca/pad to download the form.

    3) Mail in: Use the return envelope that may be included with your mailed statement to make a payment by mail. If using your own envelope, address it to: President's Choice Financial Mastercard, P.O. Box 4405, STN A, Toronto, ON, M5W 5Y6. Be sure to include the top portion of your statement along with your cheque or money order payable to "President's Choice Financial Mastercard". It can take 7 to 10 business days for President's Choice Financial Mastercard to receive payments through Canada Post. Payments are posted to your account the day President's Choice Financial Mastercard receives the payment, so make sure you've allowed enough time for your payment to arrive.

    4) In-branch: If you bank at one of the following institutions, you can make payments at your local branch (or bank machine, if applicable.) Cardholders may pay in-branch, over the counter, at the following financial institutions; however, these financial institutions may charge a fee for the service. The service provided is at the discretion of the financial institution and may take up to 10 business days to reach President's Choice Financial Mastercard. Payments are posted to the cardholder's account the day President's Choice Financial Mastercard receives notice of the payment.

    • ATB Financial
    • Bank of Montreal**
    • Canadian Imperial Bank of Commerce**
    • Desjardins
    • HSBC
    • Laurentian Bank**
    • National Bank**
    • RBC Financial Group
    • Scotiabank
    • TD Canada Trust
    • Most credit unions

    **Even if you're not a customer of this Mastercard issuing institution, you can still make in-branch payments.

  • Transfer and Save

    Why use high-interest retail store cards? New customers get a rate of 0.97% for 6 months on balances transferred from other higher-interest credit cards.7

    Apply by December 31, 2017 to take advantage of this offer.

    See balance transfer details

Questions about PC Financial® Mastercard?


Take a look at the PC Financial® Mastercard® Frequently Asked Questions

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