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PC Financial has launched its first credit card with an annual fee. This PC Insiders™ World Elite Mastercard® costs $120 per year and, in return, earns more points than other PC Financial cards.
It looks just like the PC Financial World Elite Mastercard. Predictably, there may be some confusion between the two. So, here are the characteristics of each to differentiate them:
30 points
at Wholesale Club, Maxi and Provigo only
40 points
(everywhere)
Note that the Optimum points earned above already include the base points earned at Shoppers Drug Mart (15 points / $1 spent) and at Esso and Mobil (10 points / $1 spent).
The best benefit of the PC Insiders™ World Elite Mastercard® is getting the PC Express Pass for free.
This pass costs $99.99 plus taxes (or $114.96 including taxes in Quebec, for example). This is almost equivalent to the $120 annual fee of the PC Insiders™ World Elite Mastercard®.
People using this benefit get free pickup and delivery on orders of $35 or more. This can be advantageous for people who already use this pass.
If you already have a PC Express Pass and you get this new card, you will receive a prorated refund of your PC Express Pass subscription fees on the credit card after a few business days.
However, your subscription to the PC Optimum Insiders program will be cancelled if you get this card and you will no longer be able to re-enroll (as this subscription has been unavailable since September 2022). You will then receive a prorated refund. This is something to think about carefully.
In addition to all this, it offers among other things:
Certain existing eligible PC Mastercard cardholders are automatically approved for this PC Insiders™ World Elite Mastercard®.
They can check their eligibility and then upgrade directly in their PC Financial online account. Here’s how:
If you don’t intend to use the PC Express Pass, this card won’t earn you as much as the President’s Choice Financial® World Elite Mastercard®.
Yes, you will earn more points with the PC Insiders™ World Elite Mastercard®. However, you’ll need to calculate whether the extra 5 points at Shoppers Drug Mart (value of 0.5 cents), the 10 points at Loblaws grocery stores (value of 1 cent) or the extra 40 points at Esso and Mobil (value of 4 cents) is worth $120 annually.
You would then need to spend at minimum to justify this cost and for it to start being profitable after:
If you go to different grocery stores, we recommend that you opt for a “general-purpose” credit card with a “Grocery” purchase category:
Savings this way:
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