Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

President’s Choice Bank (PC Financial)Grocery Rewards

PC Insiders World Elite Mastercard

Our take: strongest for groceries — about 4% back in value (est.) for $120 a year.

Welcome offerFirst-year fee waived + 50,000 PC Optimum points ($50)

Goes straight to PC Financial
Our review

The PC Insiders World Elite Mastercard is PC Financial’s premium grocery-focused card, launched in late 2023 as a paid tier above the long-standing no-fee PC World Elite Mastercard. It earns PC Optimum points at elevated rates at Loblaw-family grocery banners and Shoppers Drug Mart, and bundles in a complimentary PC Express Pass (normally $99.99/year on its own) for grocery delivery and pickup. Reward rates and the welcome offer on this card have changed more than once since launch, so treat the specifics below as a starting point and confirm current terms directly on pcfinancial.ca before applying.

3.2out of 5

MoneyMint rating

#25 of 30 travel rewards cards · How we rate

Rewards value

3/10

Insurance

8/10

Flexibility

8/10

Welcome bonus

2/10

Fee value

10/10

Perks

2/10

≈ $392

estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. See it for your spending →

At a Glance

Annual Fee

$120First year waived; $0 for additional cardholders

Rewards Rate

40 points/$1 at Loblaw banners10 points/$1 on all other purchases

Welcome Bonus

First-year fee waived + 50,000 pts$120 fee rebate plus $50 in PC Optimum points (checked Sept 10, 2026)

Rewards

~4%on groceries (est. value)

Purchase APR 21.99%

Pros & Cons

Pros

40 points per dollar (~4%) at Loblaws, Real Canadian Superstore, No Frills, and other Loblaw-family banners
Complimentary PC Express Pass, worth $99.99/year on its own, for grocery delivery and pickup
Elevated points at Shoppers Drug Mart/Pharmaprix
First-year annual fee typically waived or rebated
Up to 4 additional cardholders at no extra cost
Existing PC Mastercard holders may be auto-approved to upgrade

Cons

$120 annual fee after year one — needs real Loblaw-family/Shoppers spend to justify
Only 10 points per dollar (~1%) on purchases outside the Loblaw/Shoppers ecosystem
Travel medical insurance is limited to the first 10 days of a trip and excludes cardholders 65+
$80,000 personal / $150,000 household income requirement
Reward rates and welcome offer have changed multiple times since launch — figures reported by reviewers vary
2.5% foreign transaction fee

Rewards & Earn Rates

Purchase APR21.99%

Cash Advance APR22.97%

Foreign Transaction Fee2.5%

Best for households who do most of their grocery shopping at Loblaw-family banners

Who It’s For

Best for

Heavy Loblaws/Real Canadian Superstore/No Frills/Shoppers Drug Mart shoppers
Households who will actually use the PC Express Pass grocery delivery benefit
Existing PC Mastercard holders eligible for an auto-approved upgrade

Not ideal for

Shoppers who don’t concentrate spend at Loblaw-family or Shoppers Drug Mart locations
Anyone who wants a comprehensive World Elite travel insurance package
Applicants who don’t meet the $80K/$150K income requirement — the no-fee PC World Elite Mastercard may be a better fit

Not Sure? Three Cards People Compare It With

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RBC Cash Back Mastercard

Pick this instead if you want no annual fee at all.

Fee $0Rating 3.5 ★Bonus $100

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BMO CashBack Mastercard

Pick this instead if you want no annual fee at all.

Fee $0Rating 3.7 ★Bonus $125

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MBNA Rewards Platinum Plus Mastercard

Pick this instead if you want no annual fee at all.

Fee $0Rating 3.7 ★Bonus $100

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3.2MoneyMint rating

PC Insiders World Elite Mastercard

Best for groceries · $120/year (first year waived) · ~$170 welcome bonus (est.)

Apply on PC Financial’s site →Find a better fit

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against PC Financial’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by President’s Choice Bank (PC Financial) and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the PC Insiders World Elite Mastercard?

The PC Insiders World Elite Mastercard has an annual fee of $120/year, first year waived; $0 for additional cardholders.

What is the rewards rate on the PC Insiders World Elite Mastercard?

The PC Insiders World Elite Mastercard offers: 40 PC Optimum points/$1 at Loblaw-family grocery banners, elevated rate at Shoppers Drug Mart/Pharmaprix, 10 points/$1 on all other purchases. Gas earns a per-litre rate: up to 7¢ per litre back in PC Optimum points at Esso and Mobil stations.

Does the PC Insiders World Elite Mastercard have a welcome bonus?

Yes. As of Sept 10, 2026, PC Financial’s page shows the first-year annual fee waived ($120 value) plus 50,000 PC Optimum points ($50 in bonus welcome points). Welcome offer terms on this card have changed several times since launch, so confirm the live offer on pcfinancial.ca before applying.

What credit score do I need to qualify for the PC Insiders World Elite Mastercard?

Generally, you’ll want a very good credit score to be considered for the PC Insiders World Elite Mastercard. Approval also depends on income and overall credit history, not credit score alone.

Does the PC Insiders World Elite Mastercard charge foreign transaction fees?

2.5%