Best PC Optimum Credit Cards in Canada (2026)

We have one PC Financial card. Ranked by the same published score as How we rank.

Net annual value is estimated rewards on the published spend profile minus the listed annual fee. Welcome bonuses are scored separately.

PC Financial’s cards hub also describes a no-fee PC Mastercard, a no-fee PC World Mastercard, and a PC Insiders World Elite Mastercard with a listed $120 annual fee. Those three are not in our card data, so they are not in this table.

This site values PC Optimum at 0.1¢ per point. That is a fixed issuer rate: 10,000 points = $10 at participating stores (Fixed: 10,000 pts = $10; source: https://www.pcfinancial.ca/en/learning-hub/faqs/pc-optimum/what-are-my-pc-optimum-points-worth/).

Arithmetic: 10,000 points × 0.1¢ = 1000¢ = $10. So 30 points per $1 is 30 × 0.1¢ = 3¢ per dollar, or 3%. 45 points per $1 is 4.5%. 10 points per $1 is 1%.

PC Financial also describes a weaker statement-credit rate (10,000 points = $7 toward the card balance). We do not use that rate for scores or the calculator. We use the participating-store rate above.

Minimum redemption at stores is 10,000 points, in 10,000-point increments.

Figures below are the earn lines in our card data. Effective % uses 0.1¢ per point.

PC World Elite Mastercard (2.7/5, $0 annual fee, Mastercard):

• Up to 4.5% in PC Optimum points (45 points/$1) on Shoppers Drug Mart / Pharmaprix
• Up to 3% in PC Optimum points (30 points/$1) on Loblaw grocery stores (No Frills, Real Canadian Superstore, Loblaws, etc.)
• Up to 3% in PC Optimum points (30 points/$1) on Joe Fresh stores
• At least 3¢/L in PC Optimum points (30+ points/L) on Esso & Mobil gas stations
• 1% in PC Optimum points (10 points/$1) on Dining, transit, all other purchases

The Shoppers/Pharmaprix line is 45 points per $1 in our data (15 points that all PC Optimum members earn at those stores, plus extra points on the card). The grocery line is store-specific: Loblaws, No Frills, Real Canadian Superstore, and other Loblaw banners — not every grocer. Estimated net annual value on the published spend profile: $174 ($174 rewards − $0 fee). Store-locked grocery is not applied to every grocery merchant in that estimate.

Listed income: $80,000 personal, or $150,000 household. FX fee in our data: 2.5%.

Offer valid for new President’s Choice Financial Mastercard cardholders who apply by December 31, 2026. Earn a one-time bonus of 50,000 PC Optimum points when you spend $100 CDN or more in total qualifying purchases at participating Loblaw banner grocery stores, The Mobile Shop stores, Joe Fresh stores, Shoppers Drug Mart stores, Pharmaprix stores, Esso or Mobil stations in Canada within 60 days of account approval. Stated end: Apply by 31 December 2026.

That wording is from PC Financial’s World Elite page, verified November 9, 2026. See Current credit card welcome offers for the rest of our tracker.

Listed welcome offer: 50,000 PC Optimum points when you spend $100+ at participating stores within 60 days Value used in our score: $50. Conditions: New cardholders who apply by December 31, 2026. Qualifying spend at participating Loblaw, Joe Fresh, Shoppers/Pharmaprix, Esso or Mobil locations..

Grocery earn below is the grocery line stored on each card. The PC World Elite grocery rate is Loblaw banners only. BMO, Tangerine, and CIBC Dividend grocery rates follow those issuers’ grocery categories — not Loblaw-only.

Net annual value uses the published spend profile on How we rank, not a Loblaw-only budget.

On 9 November 2026, pcfinancial.ca listed more cards than we store:

• PC Mastercard (no annual fee): the World Elite page describes 1% back in points when you shop and 2.5% at Shoppers Drug Mart.
• PC World Mastercard (no annual fee): 3.5% at Shoppers Drug Mart and 2% at participating grocery stores, per that same comparison.
• PC Insiders World Elite Mastercard ($120 annual fee on PC Financial’s application disclosure summary dated 1 July 2026). The cards hub described a 50,000-point bonus after $3,000 in 3 months and a first-year $120 fee credit for new cardholders who apply by 31 December 2026. A separate PC Financial promo page advertised 300,000 points. Those two welcome figures conflict, so we did not add the card.

We only add a card when we can verify a full record from pcfinancial.ca. Until then, the PC World Elite Mastercard is the only PC Optimum credit card we score.

President’s Choice Bank also says an application for a no-fee PC Mastercard is evaluated for Mastercard, World Mastercard, or World Elite. Approval for World Elite is not guaranteed.

Pick the PC World Elite Mastercard if: You already shop at Loblaw banners and Shoppers Drug Mart, want $0 annual fee, and will redeem points at participating stores (2.7/5). Best no-fee card for Loblaw and Shoppers shoppers with up to 4.5% at drugstores and 3% on groceries.

Pick a cash-back grocery card instead if: You do not shop in the Loblaw/Shoppers ecosystem, or you want points you can redeem anywhere. See Best grocery cards. The BMO CashBack World Elite Mastercard lists Not listed and a $139 annual fee (4.0/5). The Tangerine Money-Back Credit Card lists $0 annual fee (3.0/5).

Skip cards we do not cover. We do not rank PC Insiders World Elite, PC World Mastercard, or the regular PC Mastercard.

Run a custom grocery mix on the spending calculator. Rankings here use the published score.