The PC MasterCard was my first rewards credit card. I like this card for two reasons – it has no annual fee, and I can earn PC Optimum Points that can be redeemed for free groceries at Loblaws and Shoppers Drug Mart stores.

I used my PC MasterCard for every purchase (about $2,000 per month at that time) and earned about $20 per month in free groceries. PC Optimum points are automatically updated to your account every few days after making purchases. Once you reach 20,000 PC Optimum Points you can redeem them right at the check-out anywhere PC products are sold.

PC MasterCard Review

PC MasterCard Review

The PC MasterCard is one of the most straightforward and easy to use reward credit cards in Canada. This card comes with a host of benefits that are not found in most no fee credit cards:

  • Earn 10 PC points for every $1 spent, anywhere you shop
  • New cardholders receive a low balance transfer rate of 0.97% for 6 months
  • Request up to four free additional cards on your account for family members
  • Free Purchase Assurance in case of theft, loss or damage in the first 90 days
  • Use your card to get free extended warranty – it doubles the manufacturer’s regular warranty for up to an additional year

Redeeming PC Optimum Points

You can begin redeeming once you have earned 10,000 PC Optimum points. Or, redeem higher amounts in further increments of 10,000 PC Optimum points (which is equivalent to a further $10 in rewards).

Just present your PC MasterCard 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.

How Many Points Can You Earn?

In order to maximize your rewards, you should try and pay for every purchase with your credit card. I spend approximately $2,600 per month on my credit card, including $600 on gas and groceries. Let’s take a look at how many points I could earn now from the PC MasterCard in the 1st year:

  • Initial start-up offer – 40,000
  • Online application bonus – 5,000
  • 1% rebate on every purchase – 312,000

Total PC Optimum Points earned in the first year: 357,000 = $357

Final Thoughts on the PCMasterCard

If you bank at PC Financial and shop regularly at Loblaws or Superstore, – and now Shoppers Drug Mart – it makes sense to use the PC MasterCard to earn even more PC Optimum Points.

The PC MasterCard is a great credit card for anyone looking for no annual fee and a straight-forward rewards program. It was my go-to rewards credit card for years and it remains one of the best no-fee cash back credit cards in Canada.

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