22 Aug PC Optimum points: How it works and best ways to earn
PC Financial World Elite
Annual fee: $0
Welcome offer:
Card details
| Interest rates | 21.99% on purchases, 22.97% on cash advances (21.97% for residents of Quebec), 22.97% on balance transfers |
| Income required | Personal income of $80,000 or household income of $150,000 |
| Credit score | 560 or higher |
| Point value | 10 PC points = $0.01 at Loblaws grocery network and Shoppers Drug Mart. |
At a glance: Shoppers willing to pay a $120 annual fee can take their earnings to the next level while also enjoying some premium perks like a complimentary PC Express Pass.
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PC Insiders World Elite Mastercard
Annual fee: $120
Welcome offer: earn a welcome offer* of 300,000 PC Optimum™ points with the NEW PC® Insiders World Elite® Mastercard®. Conditions apply. Offer ends December 31st, 2024.
Card details
| Interest rates | 20.99% on purchases, 22.97% on cash advances, % on balance transfers |
| Income required | Personal income of $80,000 per year or household income of $150,000 per year |
| Credit score | 660 or higher |
| Point value | 1 PC Optimum point is worth $0.001 (redeem 10,000 points for $10). |
Boost your rewards with a PC Money Account
What is PC Money?
Launched in 2020, the PC Money Account is the newest financial offering from President’s Choice, which joins other no-fee online banks to provide a fairly comprehensive suite of free everyday banking services while shaking things up with the perk of earning PC Optimum points. While earning rewards points is a common benefit of using a credit card, it’s less typical when you do everyday banking.
As far as bank accounts go, the PC Money Account offers a solid portfolio with free unlimited everyday transactions, including cash withdrawals (from PC Financial ATMs or at select points of purchase), bill payments, account-to-account transfers and Interac e-Transfers. As this isn’t a traditional chequing account, paper cheques are not available. However, between point-of-purchase, bill payments and Interac e-Transfers, you can still pay for everything from food to utilities to rent. And, the PC Money Account card is widely accepted. Use it wherever you could use Mastercard—in person, online and internationally.
How to earn points with PC Money
When you shop with the PC Money bank card, you’ll earn 25 PC Optimum points per dollar on purchases at Shoppers Drug Mart and 10 points per $1 everywhere else (except for banking transactions, like paying bills or e-Transfers). You can link your card to your PC Optimum account to earn even more points through personalized offers. Plus, you can earn up to 200,000 points in bonuses during the process of setting up your account and making your first transactions—a value of $200.
For those who shop at Loblaw banner stores and affiliates, the PC Money Account is a no-brainer. It offers most, if not all, of the everyday banking services you need, fits seamlessly into the existing PC Optimum program and costs you nothing to use.
What is a PC Express Pass?
In April 2023, PC announced its Express Pass, a grocery delivery service which competes with the likes of InstaCart and UberEats. But it is used at Loblaw banner stores, including Loblaws, Zehrs, Freshmart, Real Canadian Wholesale Club, Real Canadian Superstore, No Frills, and many, many others, wherever PC products are sold. It can also be used for picking up orders, too.
You’re wondering about the cost, right? It’s $9.99 a month, or $99.99 a year (which saves you over $20 if you sign up for the annual membership). It costs the same as the streaming services from Amazon Prime, so make sure you will use PC Express Pass for it to be of value to you. There is a one-month free trial period. Here’s what you would get with PC Express.
- unlimited free pickup and delivery on same-day, next-day or future orders over $35
- unlimited number of delivery addresses (which could be of interest for caregivers of those living independently)
- online shopping at 800-plus PC stores, including Joe Fresh and Shoppers Drug Mart
- easy cancellation
- ability to earn PC Optimum points and redeem PC Optimum offers
Frequently asked questions
Read more about grocery shopping:
