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

President’s Choice Bank (PC Financial)Everyday Rewards Card

PC Financial Mastercard

Our take: strongest for groceries and gas — about 1% back in value (est.) with no annual fee, plus a welcome bonus we value at roughly $50.

Welcome bonus50,000 PC Optimum points (~$50 value) after $100+ spend in 60 days

Apply on PC Financial’s site →

Goes straight to PC Financial
Our review

The PC® Mastercard® is a no-annual-fee credit card issued by President’s Choice Bank, a Loblaw Companies subsidiary, that earns PC Optimum points on everyday purchases — with elevated rates at Shoppers Drug Mart/Pharmaprix and Esso/Mobil gas stations. It sits at the entry level of PC Financial’s card lineup and suits budget-conscious shoppers who regularly buy groceries at Loblaw-affiliated stores, though it offers no travel insurance and a modest base earn rate elsewhere.

3.2out of 5

MoneyMint rating

#23 of 34 no-fee rewards cards · How we rate

Rewards value

3/10

Insurance

4/10

Flexibility

8/10

Welcome bonus

0/10

Fee value

10/10

Perks

0/10

≈ $296

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

Foreign Transaction Fee

2.5%

Suggested Credit Profile

Not disclosedno minimum credit score or income requirement published

Rewards

~1%on groceries (est. value)

Purchase APR 21.99% · Cash Advance APR 22.97%

Pros & Cons

Pros

No annual fee and no published income requirement
25 points per $1 (~2.5% back) at Shoppers Drug Mart/Pharmaprix
At least 30 points per litre at Esso/Mobil gas stations
Purchase Assurance (90 days) and Extended Warranty (+1 year) included
PC Optimum points don’t expire and have no earning cap
Welcome bonus available with a low $50 minimum spend

Cons

No travel medical, trip cancellation, or baggage insurance of any kind
Only about 1% back (10 pts/$1) on purchases outside bonus categories
Points are most valuable within the Loblaw/PC Optimum retail network
2.5% foreign transaction fee
Steep default APR (26.99%/27.97%) after 2 consecutive missed minimum payments
Cash advances accrue interest immediately with no grace period

Rewards & Earn Rates

Shoppers Drug Mart / Pharmaprix25 pts/$1≈2.5% back

Esso / Mobil gas stationsAt least 30 pts/litreexact multiplier can vary by promotion

Loblaw-banner groceries & most purchases10 pts/$1≈1% back, base rate

All other purchases10 pts/$1base/default rate

PC Financial’s own marketing describes this card as earning “up to 4.5% back,” but the documented earn rates for this specific tier top out around 2.5–3% under normal spending — the 4.5% figure appears to match a higher card tier (PC World Elite Mastercard), not this base card. Verify the exact current rate on the official page before relying on the 4.5% claim.

Who It’s For

Best for

Shoppers who regularly buy groceries, pharmacy items, or gas at Loblaw-affiliated banners, Shoppers Drug Mart/Pharmaprix, or Esso/Mobil
Consumers who want a simple no-fee rewards card without income requirements
PC Optimum members who already redeem points for groceries

Not ideal for

Frequent travelers who need built-in travel medical, trip cancellation, or baggage insurance
People who frequently make foreign-currency purchases
Shoppers who want maximum flat-rate cash back outside the PC/Loblaw ecosystem
Anyone likely to carry a balance, given the standard APR and steep default rate

Not Sure? Three Cards People Compare It With

All everyday spending cards →

Neo Mastercard

Pick this instead if most of your spending is groceries (~2% est.).

Fee $0Rating 2.9 ★Bonus $0

Read review

Neo World Mastercard – Gas & Grocery

Pick this instead if most of your spending is groceries (~2% est.).

Fee $0Rating 2.9 ★

Read review

Rogers Red Mastercard

Pick this instead if most of your spending is groceries (~1% est.).

Fee $0Rating 2.9 ★

Read review

3.2MoneyMint rating

PC Financial Mastercard

Best for groceries and gas · No annual fee · ~$50 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 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 Financial Mastercard?

The PC Financial Mastercard has an annual fee of $0 (base PC Mastercard tier; the premium PC Insiders World Elite Mastercard carries a $120 fee, a separate product).

What is the rewards rate on the PC Financial Mastercard?

The PC Financial Mastercard offers: PC Optimum points (~1,000 pts = $1): 10 pts/$1 (~1%) on most purchases incl. Loblaw-banner groceries; 25 pts/$1 (~2.5%) at Shoppers Drug Mart/Pharmaprix; at least 30 pts/litre at Esso/Mobil gas stations.

Does the PC Financial Mastercard have a welcome bonus?

50,000 PC Optimum points (a $50 value) after spending $100 or more at participating stores within 60 days of account approval. Verified on PC Financial’s official page Sept 10, 2026; no end date is shown, so confirm the live offer before applying.

What credit score do I need to qualify for the PC Financial Mastercard?

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

Does the PC Financial Mastercard charge foreign transaction fees?

2.5%