Welcome to the realm of smart spending and unparalleled rewards – the President’s Choice MasterCard. In the dynamic landscape of credit cards, finding a financial ally that aligns with your lifestyle is paramount. Enter the President’s Choice MasterCard, a powerhouse in the world of credit, offering a blend of convenience, perks, and flexibility.
In this guide, we embark on a journey through the features and benefits that set the President’s Choice MasterCard apart. Whether you’re a seasoned credit card user or diving into the credit world for the first time, this exploration will illuminate how this card can be a game-changer in your financial toolkit.
Buckle up as we navigate the landscape of cashback rewards, travel perks, and the unique offerings that make the President’s Choice MasterCard stand out. Get ready to discover not just a credit card but a strategic financial companion designed to elevate your purchasing power and enhance your overall lifestyle. Welcome to a closer look at the President’s Choice MasterCard – where smart spending meets unparalleled rewards.
The President’s Choice MasterCard is revolutionizing the credit card industry, offering a range of benefits and rewards that make it an excellent choice for consumers. With no annual fee, competitive interest rates, and the opportunity to earn PC Optimum points, this card is changing the game. Whether you’re a frequent shopper or a budget-conscious individual, the President’s Choice MasterCard provides unparalleled value and convenience.
No Annual Fee
The President’s Choice MasterCard stands out from other credit cards with its no annual fee feature. This means that you don’t have to worry about any additional charges just for keeping the card. By eliminating this fee, President’s Choice is providing a cost-effective option for consumers who want to avoid unnecessary expenses. With no annual fee, you can focus on enjoying the benefits and rewards of the card without any financial burden.
No Annual Fee Comparison
| Card | Annual Fee |
|---|---|
| President’s Choice MasterCard | No annual fee |
| Card A | $100 |
| Card B | $75 |
In comparison to other credit cards, the President’s Choice MasterCard truly stands out by offering no annual fee. This can save you a significant amount of money over time. Instead of paying an annual fee that may not provide much value, you can use that money to make purchases or save it for other expenses. President’s Choice understands the importance of providing customers with a credit card that not only offers great rewards but is also cost-effective.
No annual fee is just one of the many reasons why the President’s Choice MasterCard is changing the credit card game. With this card, you can enjoy the benefits and rewards without worrying about any additional costs. It’s a win-win situation that allows you to maximize your savings and get the most out of your credit card experience.
Competitive Interest Rates
The President’s Choice MasterCard offers competitive interest rates that make it an attractive choice for cardholders. The standard purchase interest rate is 21.99%, while the cash advance interest rate is 22.97%. In Quebec, the cash advance interest rate is slightly lower at 21.97%. These rates are competitive compared to other credit cards in the market, ensuring that cardholders can manage their balances effectively while keeping interest costs low.
By offering competitive interest rates, President’s Choice Financial aims to provide cardholders with an affordable credit card solution. Whether you’re making everyday purchases or need a cash advance, the President’s Choice MasterCard provides flexibility and convenience without burdening you with exorbitant interest charges.
Comparative Interest Rates
| Credit Card | Purchase Interest Rate | Cash Advance Interest Rate |
|---|---|---|
| President’s Choice MasterCard | 21.99% | 22.97% |
| Competitor A | 24.99% | 25.99% |
| Competitor B | 19.99% | 24.99% |
As shown in the comparison table, the President’s Choice MasterCard offers a competitive interest rate compared to its competitors. This allows cardholders to save money on interest charges and focus on managing their finances effectively. Whether you’re looking to make a large purchase or need access to cash, the President’s Choice MasterCard provides an affordable solution with its competitive interest rates.
In summary, the President’s Choice MasterCard stands out in the credit card industry with its competitive interest rates. Cardholders can benefit from the standard purchase interest rate of 21.99% and the cash advance interest rate of 22.97%. These rates provide an affordable solution for everyday purchases and cash advances, making the President’s Choice MasterCard a smart choice for Canadian consumers.
Interest-Free Grace Period
The President’s Choice MasterCard offers you a generous interest-free grace period on new purchases, allowing you to manage your finances effectively. With a 21-day grace period, you have the flexibility to pay off your balance in full without incurring any interest charges.
This grace period is especially beneficial if you like to make larger purchases or if you prefer to pay off your credit card balance monthly. It gives you the opportunity to spread out your payments and avoid accruing unnecessary interest charges.
By taking advantage of the interest-free grace period, you can maximize your savings and maintain control over your credit card expenses. Whether you’re planning a special purchase or simply managing your day-to-day spending, the President’s Choice MasterCard ensures you have the freedom to manage your finances on your terms.
Benefits of the Interest-Free Grace Period:
- Flexibility to pay off your balance in full without incurring interest charges
- Ability to make larger purchases and spread out payments
- Control over your credit card expenses
- Opportunity to maximize savings
| Key Features | Details |
|---|---|
| Grace Period | 21-day interest-free grace period on new purchases |
| Payment Flexibility | Ability to pay off your balance in full without incurring interest charges |
| Financial Control | Manage your credit card expenses and maintain control over your finances |
| Savings Opportunity | Maximize your savings by avoiding unnecessary interest charges |
Additional Benefits
The President’s Choice MasterCard offers more than just savings and rewards. Cardholders also enjoy additional benefits that enhance their overall credit card experience.
Card Replacement and Cash Advances in Emergencies
In case of lost or stolen cards, President’s Choice MasterCard provides a hassle-free card replacement service. Simply contact customer support, and they will ensure a new card is issued promptly.
Additionally, in emergency situations where cash is needed, cardholders can request a cash advance. This feature provides peace of mind and financial flexibility during unexpected circumstances.
| Additional Benefits | Description |
|---|---|
| Card Replacement | Quick and convenient card replacement service in case of loss or theft |
| Cash Advances | Access to cash advances for emergency situations |
| Free Additional Cards | Add up to four free additional cards for family members to earn rewards faster |
Free Additional Cards for Family Members
The President’s Choice MasterCard understands the importance of family. That’s why cardholders have the option to add up to four free additional cards for their loved ones. These additional cards allow family members to earn rewards while enjoying the benefits of the credit card. Whether it’s a spouse, child, or parent, everyone can contribute to earning rewards even faster.
With these additional benefits, the President’s Choice MasterCard goes above and beyond to provide cardholders with valuable perks and peace of mind. From convenient card replacements to cash advances in emergencies and the option to add free additional cards for family members, this credit card truly understands and caters to the needs of its customers.
Welcome Bonus
As a new cardholder of the President’s Choice MasterCard, you can enjoy a generous welcome bonus of up to $100 worth of PC Optimum points. The specific amount you receive depends on the card you are approved for. This welcome bonus is a great way to kickstart your PC Optimum rewards journey and start earning points towards free products and groceries at participating stores.
PC Optimum Points Bonus
The President’s Choice MasterCard offers three different cards: the PC Financial Mastercard, PC Financial World Mastercard, and PC Financial World Elite Mastercard. Each card has its own unique benefits and rewards structure, and the welcome bonus varies accordingly.
| Card | Welcome Bonus |
|---|---|
| PC Financial Mastercard | $20 worth of PC Optimum points |
| PC Financial World Mastercard | $50 worth of PC Optimum points |
| PC Financial World Elite Mastercard | $100 worth of PC Optimum points |
These PC Optimum points can be redeemed for a wide range of products and services, including groceries, household items, beauty products, and more. It’s a valuable bonus that can enhance your shopping experience and help you save money.
To qualify for the welcome bonus, you simply need to use your new President’s Choice MasterCard for eligible purchases within the specified time frame. Once you meet the requirements, the PC Optimum points will be credited to your account, ready to be redeemed for the products you love.
PC Optimum Rewards Program
The President’s Choice MasterCard is linked to the PC Optimum rewards program, offering cardholders the opportunity to earn points that can be redeemed for products at participating stores. The PC Optimum program provides various ways for cardholders to earn and redeem points, making it a valuable addition to the credit card.
By using the President’s Choice MasterCard for everyday purchases, cardholders can accumulate points quickly and easily. In addition to earning points at participating stores, such as Loblaw-owned grocery stores, Shoppers Drug Mart, Esso and Mobil gas stations, and Joe Fresh, cardholders can also earn points on purchases made with the President’s Choice MasterCard.
Once enough points have been accumulated, cardholders can redeem them for a wide range of products at participating stores. The value of PC Optimum points is 1%, with 10 points equaling $0.01. Points can be redeemed in increments of 10,000, with each increment having a value of $10. This allows cardholders to enjoy savings on their everyday purchases.
Earning and Redeeming PC Optimum Points
| Earning Points | Redeeming Points |
|---|---|
|
|
The PC Optimum rewards program is designed to provide cardholders with the opportunity to earn and redeem points for everyday purchases. With a wide range of participating stores and various ways to earn points, the program offers flexibility and value. Whether you’re shopping for groceries, personal care items, or fuel, the President’s Choice MasterCard and PC Optimum rewards program can help you save money and enjoy exclusive benefits.
Point Value and Redemption Options
The President’s Choice MasterCard offers a competitive rewards program through its partnership with the PC Optimum program. PC Optimum points have a value of 1%, with every 10 points equaling $0.01. This means that for every $1 spent using the President’s Choice MasterCard, you can earn 10 PC Optimum points. These points can then be redeemed for discounts and free products at participating stores.
To make redemption even more convenient, PC Optimum points can be redeemed in increments of 10,000, with each increment having a value of $10. This gives cardholders the flexibility to choose how they want to use their rewards. Whether you want to save on groceries or treat yourself to something special, the choice is yours.
Redemption Options
There are a variety of ways to redeem your PC Optimum points. You can use them to purchase products and groceries at participating stores, including Loblaw-owned grocery stores, Shoppers Drug Mart, Joe Fresh, and more. Points can also be redeemed for discounts at Esso gas stations, making it easy to save on fuel costs. With such a wide range of redemption options, you can tailor your rewards to your specific needs and preferences.
| Redemption Options | Value |
|---|---|
| Groceries and products at participating stores | 10,000 points = $10 |
| Discounts at Esso gas stations | 10,000 points = $10 |
With the President’s Choice MasterCard, earning and redeeming rewards has never been easier. Whether you’re shopping for everyday essentials or treating yourself to something special, the PC Optimum program gives you the flexibility to make the most of your rewards. Start earning points today and enjoy the benefits of the President’s Choice MasterCard.
Where to Earn PC Optimum Points
Earning PC Optimum points is easy and convenient with the President’s Choice MasterCard. With this credit card, you can accumulate points from a wide range of retailers and maximize your rewards potential. Here are some key places where you can earn PC Optimum points:
Grocery Stores:
- Loblaw-owned grocery stores, such as Loblaws, Real Canadian Superstore, No Frills, and Your Independent Grocer
- Joe Fresh clothing stores located in Loblaw-owned grocery stores
Pharmacies and Health & Beauty Stores:
- Shoppers Drug Mart
- Pharmaprix (Quebec)
- Beauty Boutique by Shoppers Drug Mart
Gas Stations:
- Esso and Mobil gas stations
Other Retailers:
- PC Express online grocery pickup and delivery
- PC Travel for booking flights, vacations, and accommodations
- PC Insurance for home, auto, and travel insurance
- PC Mobile for mobile phone plans and devices
- PC Optimum e-Commerce Marketplace for online shopping
Additionally, remember that you can earn PC Optimum points on all your purchases made with the President’s Choice MasterCard. By using this credit card at any retailer that accepts MasterCard, you’ll accumulate points that can be redeemed for various rewards.
| Retailer | PC Optimum Points Earned |
|---|---|
| Loblaws | 30 points per $1 spent |
| Shoppers Drug Mart | 45 points per $1 spent |
| Esso and Mobil | 10 points per litre of fuel |
| PC Express | 20 points per $1 spent |
| PC Travel | 15 points per $1 spent |
As you can see, there are plenty of opportunities to earn PC Optimum points and make the most of your President’s Choice MasterCard. Whether you’re shopping for groceries, filling up your gas tank, or booking a vacation, remember to use your card and enjoy the rewards.
How to Maximize PC Optimum Rewards
Maximizing your PC Optimum rewards is a great way to get the most out of your President’s Choice MasterCard. By following these strategies, you can earn and redeem points effectively, making your shopping experience even more rewarding.
Stack Points with PC MasterCard or PC Money Account
If you want to supercharge your PC Optimum rewards, consider stacking points by using a PC MasterCard or a PC Money Account. By combining these two, you can earn points on both your credit card purchases and everyday spending. This means you’ll accumulate points faster and reach those redemption milestones sooner.
Take Advantage of In-Store and Personalized Offers
Make sure to keep an eye out for in-store and personalized offers. These promotions can earn you bonus points on specific products or categories, allowing you to maximize your rewards. Be sure to check your PC Optimum app or account regularly to stay updated on the latest deals available to you.
Shop Strategically
Being strategic with where and how you shop can also help you maximize your PC Optimum rewards. Look for stores and online retailers that offer bonus points or exclusive promotions for PC Optimum members. Additionally, consider timing your purchases to align with special events or sales to earn even more points.
By following these tips, you can make the most of your President’s Choice MasterCard and PC Optimum rewards. Start maximizing your rewards today and enjoy the benefits of your credit card like never before.
PC Financial Mastercards
The President’s Choice offers three different PC Financial Mastercards, each with its own features and earning rates. These cards cater to different spending habits and incomes, providing options for a wide range of consumers.
PC Financial Mastercard
The PC Financial Mastercard is the entry-level card in the PC Financial Mastercard lineup. It offers competitive benefits, including no annual fee, a grace period on new purchases, and the ability to earn PC Optimum points on every purchase. This card is a great option for individuals who want to start earning rewards without any additional costs.
PC Financial World Mastercard
The PC Financial World Mastercard is a step up from the entry-level card, offering enhanced benefits and rewards. In addition to the features of the PC Financial Mastercard, this card provides additional perks such as travel insurance, extended warranty coverage, and purchase protection. It also offers a higher earn rate for PC Optimum points, allowing cardholders to accumulate rewards at a faster pace.
PC Financial World Elite Mastercard
The PC Financial World Elite Mastercard is the most prestigious card in the PC Financial Mastercard lineup. It is designed for high-income earners and frequent travelers who value luxury and convenience. This card offers all the benefits of the PC Financial World Mastercard, along with exclusive perks such as airport lounge access, concierge service, and higher earning rates for PC Optimum points. With this card, cardholders can enjoy an elevated level of rewards and a premium travel experience.
| Card | No Annual Fee | Grace Period | PC Optimum Earn Rate | Additional Benefits |
|---|---|---|---|---|
| PC Financial Mastercard | Yes | 21-day | Standard earn rate | No additional benefits |
| PC Financial World Mastercard | Yes | 21-day | Enhanced earn rate | Travel insurance, extended warranty coverage, purchase protection |
| PC Financial World Elite Mastercard | Yes | 21-day | High earn rate | Airport lounge access, concierge service |
With the range of PC Financial Mastercards available, consumers can choose the card that best suits their needs and lifestyle. Whether you’re looking for a basic rewards card or a premium travel card, President’s Choice has you covered.
PC Money Account: Accelerate Your Credit Card Rewards
If you’re looking to supercharge your credit card rewards, consider opening a PC Money Account. This no-fee online banking option allows you to earn additional PC Optimum points on everyday purchases when used in conjunction with your President’s Choice MasterCard. By combining the power of these two financial tools, you can accelerate your earnings and get even more value out of your credit card.
The Benefits of a PC Money Account
A PC Money Account offers several advantages that can enhance your credit card rewards. Firstly, you’ll earn additional PC Optimum points on eligible purchases made with your account. These points can be redeemed for a range of products at participating stores, providing you with more opportunities to save on everyday expenses.
Furthermore, a PC Money Account provides convenient and secure online banking services, allowing you to manage your finances with ease. You can make bill payments, transfer funds, and track your transactions all from the comfort of your own home. Plus, with no monthly fees or minimum balance requirements, you can enjoy these benefits without any additional costs.
Maximizing Your Credit Card Rewards
By combining your President’s Choice MasterCard with a PC Money Account, you can maximize your credit card rewards. Here are a few tips to help you get the most out of this powerful combination:
- Use your President’s Choice MasterCard for all eligible purchases to earn PC Optimum points.
- Make everyday purchases, such as groceries and gasoline, using your PC Money Account to earn additional PC Optimum points.
- Take advantage of personalized and in-store offers to earn bonus points on select products.
- Stack your points by using both your President’s Choice MasterCard and PC Money Account, allowing you to earn rewards from two sources simultaneously.
By following these strategies and utilizing the PC Money Account, you can maximize your credit card rewards and make the most of your President’s Choice MasterCard. Start earning more today and enjoy the benefits of a PC Money Account.
| President’s Choice MasterCard Benefits | PC Money Account Benefits |
|---|---|
| No annual fee | Earn additional PC Optimum points on eligible purchases |
| Competitive interest rates | Convenient and secure online banking services |
| 21-day interest-free grace period on new purchases | No monthly fees or minimum balance requirements |
| Additional perks such as card replacement and cash advances |
Changes to World Elite Mastercard Account
If you are a World Elite Mastercard cardholder with President’s Choice, there have been recent changes to your account. Mastercard has implemented a new annual minimum spend requirement of $15,000 for World Elite credit cards. This means that cardholders who do not meet this requirement will be issued a different no annual fee PC Mastercard, unless they request a PC Financial World Mastercard. These changes aim to align the World Elite program with the spending habits of its members.
If you are affected by this change, it is important to review your spending habits and consider whether the PC Financial World Mastercard is a better fit for you. The PC Financial World Mastercard offers many of the same benefits as the World Elite card, including no annual fee and the ability to earn PC Optimum points. It may be a more suitable option if you do not meet the new spending requirements.
To ensure a smooth transition, President’s Choice will be providing cardholders with a different card number, expiry date, and security code. You will need to activate your new card and update any pre-authorized payments with your new card information. It is also worth noting that your previous World Elite Mastercard will remain active for up to 60 days to allow for a seamless switch.
Table: Comparison of World Elite Mastercard and PC Financial World Mastercard
| World Elite Mastercard | PC Financial World Mastercard | |
|---|---|---|
| Annual Fee | $120 | No annual fee |
| Minimum Spend Requirement | $15,000 annually | N/A |
| PC Optimum Points | Earn 30 points per $1 at participating stores | Earn 30 points per $1 at participating stores |
| Additional Benefits | Access to exclusive World Elite perks and offers | Access to PC Optimum offers and discounts |
These changes to the World Elite Mastercard account are part of President’s Choice’s efforts to provide the most relevant and beneficial credit card options for their customers. Whether you choose to continue with the PC Financial World Mastercard or explore other credit card options, President’s Choice is committed to offering valuable rewards and benefits to enhance your financial journey.
Thank-You Gesture for World Elite Mastercard Cardholders
To show appreciation for the loyalty of World Elite Mastercard cardholders, President’s Choice is offering an exclusive thank-you gesture. From now until May 31, 2021, cardholders will earn an additional 10 PC Optimum points for every dollar spent at participating stores. This gesture aims to reward cardholders for their continued business and provide them with even more value from their credit card.
The World Elite Mastercard from President’s Choice offers a range of benefits and rewards, and this thank-you gesture is just another way the company is enhancing the cardholder experience. By earning additional PC Optimum points, cardholders can save even more on their purchases and enjoy the flexibility of redeeming their points for a wide variety of products at participating stores.
How to Maximize Your Rewards
If you’re a World Elite Mastercard cardholder, there are a few ways you can maximize your rewards during this thank-you gesture period. First, be sure to shop at participating stores to earn the additional 10 PC Optimum points per dollar spent. Second, take advantage of any personalized offers available to you in the PC Optimum rewards program, as these can help you earn even more points on specific products.
Lastly, consider combining your World Elite Mastercard with other PC Optimum earning options, such as a PC Money Account or additional PC Mastercards for family members. By strategically using these options, you can stack your points and boost your earnings. Remember, the more points you earn, the more rewards you can redeem for free products and groceries.
| World Elite Mastercard Thank-You Gesture | Earning Period |
|---|---|
| Earn 10 PC Optimum points per dollar spent | Until May 31, 2021 |
Card Replacement and Activation
If you are transitioning to a new President’s Choice MasterCard, you will receive a replacement card with a different card number, expiry date, and security code. It is important to activate your new card and update any pre-authorized payments to ensure a seamless transition.
To activate your new card, you can visit the President’s Choice Financial website or call the customer service number provided. Follow the instructions provided to activate the card and set a PIN if required. Keep in mind that your previous card will remain active for up to 60 days to allow for a smooth transition period.
Once your new card is activated, it is crucial to update any pre-authorized payments linked to your old card. This includes recurring bills, subscriptions, and other automatic payments. Contact the respective service providers and provide them with your new card details to avoid any disruptions to your payments.
Conclusion
In conclusion, the President’s Choice MasterCard is a game-changer in the credit card industry. With its no annual fee policy, competitive interest rates, and a wide range of additional benefits, this card offers unparalleled value and convenience to consumers.
One of the standout features of the President’s Choice MasterCard is its connection to the PC Optimum rewards program. By earning PC Optimum points on every purchase, cardholders can enjoy discounts, free products, and groceries at participating stores, making their shopping experience even more rewarding.
Moreover, the President’s Choice MasterCard offers a welcome bonus of up to $100 worth of PC Optimum points, allowing new cardholders to start earning rewards right away. This bonus can be redeemed for various products and groceries, further enhancing the value of the card.
Whether you’re someone who shops frequently or someone who is mindful of their budget, the President’s Choice MasterCard is an excellent choice. It provides the benefits of a credit card without the burden of an annual fee, while also offering competitive interest rates and the opportunity to earn valuable rewards. So why wait? Apply for the President’s Choice MasterCard today and start enjoying the benefits it has to offer!