Quick overview of the PC Insiders World Elite Mastercard
My wife and I fell in love with PC Optimum points during the pandemic, earning $40-$50 monthly on our $700 grocery budget at Loblaws and No Frills. The new PC Insiders™ card solved our biggest frustration - we now have multiple cards so we never miss points when shopping separately. Best perk? Free grocery delivery on $35+ orders, eliminating fees on PC Express without the hassle of pickup lockers.
Who’s the PC Insiders World Elite Mastercard for?
- Frequent Loblaws, No Frills, and Shoppers Drug Mart customers
- Families who regularly order groceries online through PC Express
- Households wanting multiple credit cards to maximize point collection
- Shoppers spending $700+ monthly on groceries and everyday items
- Consumers who value free delivery over minimal annual fees
Pros and cons
- Generous welcome bonus
- Excellent earn rate on everyday expenses
- Access to free online delivery
- Super rare identity theft protection
- Rental car insurance
- Emergency medical insurance
- $120 annual fee
- Poor travel insurance for a World Elite credit card
- Limited to PC brands
PC Insiders World Elite Mastercard welcome bonus
The PC Insiders version of the PC World Elite Mastercard comes with the same welcome offer you get with other PC Financial credit cards:
- Get up to 100,000 bonus PC Optimum™ points†.
We value this welcome bonus of up to 100,000 bonus PC Optimum™ points† at $100. All told, the PC Insiders World Elite Mastercard has a projected first year value of $604.
How to earn PC Optimum points
The card earns the following PC Optimum points on purchases:
- Earn 40 points per $1 spent at Loblaw banner stores
- Earn 50 points per $1 spent at Shoppers Drug Mart
- Earn 40 per $1 spent at Joe Fresh stores
- Earn up to 70 points per litre at Esso and Mobil gas stations
- Earn 10 per $1 spent everywhere else
If you buy groceries, beauty supplies or other household goods at Loblaws banner grocery stores, you'll find exceptional value with the PC Insiders World Elite Mastercard. These stores include:
- Loblaws and Loblaws City Market
- Real Canadian Superstore
- No Frills
- Zehrs
- Fortinos
- Your Independent Grocer
- Atlantic Superstore
- Provigo
- Maxi
- Shoppers Drug Mart and Pharmaprix
- Esso and Mobil gas stations (for fuel discounts and car wash packages)
- Joe Fresh (for clothing and accessories)
- PC Express online grocery ordering
There are also services like mediSystem, The Health Clinic, medical cannabis, Speciality Health Network and PC health where you can earn points for completing daily activities.
PC Optimum point values and expiration
PC Optimum points are valued at 1000 points = $1. This valuation works out to a value of $0.001 cents per point.
PC Optimum don’t expire as long as you keep your account active and in good standing.
How to redeem PC Optimum points
You can redeem your points at the register with the cashier or at self-checkout in 10,000 point increments, which is the equivalent of $10. You can use your points at any participating store including Loblaws, No Frills, Shoppers and Esso, to name a few. At Esso, you can redeem 4,000 points to get 10 cents off per litre (up to 40 litres). You can also redeem at Beautyboutique.ca and JoeFresh.ca.
If you like hoarding points, you can save them and redeem a maximum of $500 of any one purchase (so you can buy the PS5 at Shoppers Drug Mart).
PC Insiders World Elite Mastercard key benefits
The PC Insiders World Elite Mastercard stands out for its exceptional rewards structure that delivers extraordinary value for everyday spending. Cardholders earn a remarkable 40 PC Optimum points per dollar at Loblaw banner grocery stores (a 4% return), 50 points per dollar at Shoppers Drug Mart (a 5% return), and 10 points per dollar everywhere else.
The card truly shines at the gas pump, offering up to 70 points per litre (equivalent to 7¢ per litre in points) when you fuel up at Esso and Mobil stations. For Canadian households that shop frequently at Loblaw-owned stores, this card transforms your everyday purchases into a money-earning machine.
If you're looking for the best card with grocery delivery benefits, you've found it. The PC Insiders World Elite Mastercard includes a complimentary PC Express Pass (valued at $99.99 per year), giving you unlimited $0 grocery delivery and pickup on eligible orders of $30 or more.
This benefit effectively reduces the card's annual fee to just $20 when you factor in the savings from the delivery service. Think of this benefit as your personal time-saving tool – no more waiting in checkout lines or driving to the store for your weekly grocery run.
PC Insiders World Elite Mastercard Insurance coverage
| Insurance | Coverage amount |
|---|---|
| Extended warranty | Doubles the manufacturer’s warranty for up to 1 additional year |
| Purchase protection | In the event of theft, loss or damage in the first 90 days post-purchase |
| Emergency medical insurance | $1 million in coverage for trips up to 10 days for those under 65 |
| Rental car insurance | Up to $65,000 in coverage for 31 days |
Find the full details of the rental car insurance certificate, here.
- Mastercard Global Service: Get emergency assistance with reporting a lost or stolen card, getting an emergency card replacement or cash advance or answering questions about your account.
- Concierge services: 24/7 access for assistance in booking travel, entertainment, business and shopping. You can also get medical assistance such as finding a medical provider, transportation arrangements, prescriptions, and more. (charges apply). Call 1-866-892-8683
- Identity theft assistance service: To help you avoid or restore your identity
- PC Optimum mobile app
Reddit users have weighed in on the value of the PC Insiders World Elite Mastercard. One user, who currently uses a PC World Elite, was “pretty disappointed” at only receiving an extra 1% with the PC Insiders World Elite Mastercard for the $120 annual fee. Their calculations suggested they'd have to spend $12,000 to break even. That said, they did say that, if you’re otherwise paying to get your groceries delivered, the PC Insiders card is worth it.
The PC pass is like $100+tax on its own so if it's included, that's decent. I pay for it and I love not having to actually go to the grocery store anymore. Get usually one delivery a week but sometimes more and rarely any issues with quality or incorrect items. The couple times I did have issues, I called the store and it was sorted out super easily and quickly.
Reddit user u/PurpleK00lA1d
How PC Insiders World Elite Mastercard compares
20,000 PC points†
Welcome Bonus
$458
First Year Value
$438
Annual Value
Welcome Bonus: Earn 20,000 PC Optimum™ points†.
Get this card if you...
- want to quickly rack up PC Optimum points
- want to avoid paying an annual fee
- want basic insurance benefits
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
22.97%
Cash Advance
5%
Balance Transfer
Our Take
The PC Financial® World Elite Mastercard® is a no-annual-fee credit card designed for frequent shoppers at Loblaw-affiliated stores, offering elevated PC Optimum points on purchases at these retailers, including Shoppers Drug Mart and Joe Fresh. Cardholders benefit from perks such as 24/7 concierge service and travel emergency medical insurance; however, the card has a high income requirement, and its rewards are primarily limited to Loblaw banner stores.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$80,000
Required Annual Personal Income
- No annual fee
- High earn rates in certain stores
- Easy, straightforward redemptions
- Points don’t expire provided your account stays active and in good standing
- Special events allow you to earn extra points
- High income requirement to qualify
- Accelerated earn rates are limited to certain partner stores, and points can be redeemed only for purchases within Loblaw banner stores
- Points can’t be transferred to other loyalty programs
- The included travel insurance is very limited
Annual Interest Rates
21.99%
Purchase
22.97%
Cash Advance
5%
Balance Transfer
Fees
$0
Annual Fee
Rewards PC points
45 points
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
30 points
Earn 30 points per litre for gas purchased at Esso™ or Mobil™ stations
30 points
Earn 30 points per $1 spent on PC Travel services
30 points
Earn 30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
10 points
Earn 10 points per $1 spent everywhere else
Insurance Benefits
$65,000
Rental car insurance amount
Earn 20,000 PC Optimum™ points† when you apply for the no annual fee PC® Mastercard® and make your first purchase with your new card.
Our Take
The PC Financial® World Elite Mastercard® is a no-annual-fee credit card designed for frequent shoppers at Loblaw-affiliated stores, offering elevated PC Optimum points on purchases at these retailers, including Shoppers Drug Mart and Joe Fresh. Cardholders benefit from perks such as 24/7 concierge service and travel emergency medical insurance; however, the card has a high income requirement, and its rewards are primarily limited to Loblaw banner stores.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$80,000
Required Annual Personal Income
- No annual fee
- High earn rates in certain stores
- Easy, straightforward redemptions
- Points don’t expire provided your account stays active and in good standing
- Special events allow you to earn extra points
- High income requirement to qualify
- Accelerated earn rates are limited to certain partner stores, and points can be redeemed only for purchases within Loblaw banner stores
- Points can’t be transferred to other loyalty programs
- The included travel insurance is very limited
Annual Interest Rates
21.99%
Purchase
22.97%
Cash Advance
5%
Balance Transfer
Fees
$0
Annual Fee
Rewards PC points
45 points
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
30 points
Earn 30 points per litre for gas purchased at Esso™ or Mobil™ stations
30 points
Earn 30 points per $1 spent on PC Travel services
30 points
Earn 30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
10 points
Earn 10 points per $1 spent everywhere else
Insurance Benefits
$65,000
Rental car insurance amount
Earn 20,000 PC Optimum™ points† when you apply for the no annual fee PC® Mastercard® and make your first purchase with your new card.
The PC World Elite Mastercard charges no annual fee and, as a result, you lose the perk of getting free delivery. The earn rate on groceries drops to 30 points per $1 (from 40pts/$1), at Shoppers it drops from 50 points to 45 points and at Esso and Mobil it drops from 70 points a litre to 30x per litre.
Disclosures:
-
Sponsored advertising. President’s Choice Financial® Mastercard® is provided by President’s Choice Bank. The PC Optimum™ program is provided by President's Choice Services Inc. President’s Choice Bank is not responsible for the contents of this site, including any editorials or reviews that may appear on this site. For complete information regarding the PC® Mastercard®, PC® World Mastercard®, or PC® World Elite Mastercard®, please click on the “Apply Now” or other applicable button.
10% cash back†
Welcome Bonus
$878
First Year Value
$558
Annual Value
Welcome Bonus: Earn 10% cash back for the first 4 statements on net purchases of up to $2,000.† Plus, get a first-year annual fee rebate for you and up to three Authorized Users.†
Get this card if you...
- want high cash back rates on groceries, gas and recurring bills
- value comprehensive insurance benefits
- value a great welcome offer
Annual Fee & Annual Interest Rates
$120
Annual Fee
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
Our Take
The CIBC Dividend® Visa Infinite* Card is a cash back credit card offering elevated earn rates on categories such as groceries, gas, transportation, dining, and recurring payments. Cardholders benefit from features like purchase security, extended protection, and optional insurance coverages. It's a good option for those seeking to maximize cash back on everyday spending.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
- First-year annual fee rebate†
- 10% cash back welcome bonus up to $2,000† spend
- 4% cash back on gas, electric vehicle charging and grocery stores
- 2% cash back on transportation, dining and recurring payments
- High annual spending cap on benefits ($20,000 in bonus categories or $80,000 total)
- High income requirement
- Sparse travel insurance offering
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$120
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
4%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
10 cents
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $2,000†.
Our Take
The CIBC Dividend® Visa Infinite* Card is a cash back credit card offering elevated earn rates on categories such as groceries, gas, transportation, dining, and recurring payments. Cardholders benefit from features like purchase security, extended protection, and optional insurance coverages. It's a good option for those seeking to maximize cash back on everyday spending.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
- First-year annual fee rebate†
- 10% cash back welcome bonus up to $2,000† spend
- 4% cash back on gas, electric vehicle charging and grocery stores
- 2% cash back on transportation, dining and recurring payments
- High annual spending cap on benefits ($20,000 in bonus categories or $80,000 total)
- High income requirement
- Sparse travel insurance offering
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$120
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
4%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
10 cents
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $2,000†.
Both cards charge a $120 annual fee. However, both welcome bonuses essentially negate the fee. Though the CIBC Dividend® Visa Infinite* Card also comes with a lucrative welcome bonus: Earn 10% cash back for the first 4 statements on net purchases of up to $2,000.† Plus, get a first-year annual fee rebate for you and up to three Authorized Users.†
The CIBC Dividend® Visa Infinite* Card gives you 4% cash back on groceries and gas. While it does limit how much you can spend, the limit is high—$$80,000 in net annual purchases or $$20,000 on groceries and gas or about $800 cash back. The biggest plus with the CIBC Dividend® Visa Infinite* Card is that it rewards you for any groceries and gas.
For a similar example, let’s say you spend $12,000 on groceries, $5,000 on gas, and $3,000 at Shoppers. You can redeem 10,000 points for $10 at Loblaws, Shoppers and Esso or Mobil. That means you get $980 cash back, but only for those stores.
Disclosures:
-
†Terms and Conditions Apply. This offer is not available for the residents of Quebec.
-
The information for the CIBC Dividend® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
up to 40,000 pts*
Welcome Bonus
$1,612
First Year Value
$312
Annual Value
Welcome Bonus: Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points*. Expires Jul 01, 2025
Get this card if you...
- travel often and want premium travel perks like lounge access
- want to avoid paying foreign exchange fees
- appreciate a good welcome offer
Annual Fee & Annual Interest Rates
$150
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Scotiabank Passport® Visa Infinite* Card is a travel rewards credit card offering elevated Scene+ points on eligible grocery store purchases, dining, entertainment, and daily transit, with a standard earn rate on all other purchases. Cardholders benefit from no foreign transaction fees, six complimentary airport lounge visits per year through the Visa Airport Companion Program, and comprehensive travel insurance.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
- No FX fees means the card saves you significant expenses on foreign transaction fees
- Earn up to 3x Scene+ points per $1 spent on eligible purchases
- Flexible and straightforward redemption program
- Visa acceptance globally compared to American Express, especially outside major cities
- Enjoy six annual visits to airport lounges
- Robust insurance offerings, including extended travel emergency medical coverage
- Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
- High annual fee
- Limited rewards categories for earning reward max rate on purchases
- Primarily best for travel within Canada
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$150
Annual Fee
0.00%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
Rewards Scene+
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$2,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,300 in value in the first 12 months, including up to 40,000 bonus Scene+ points*.
|
Our Take
The Scotiabank Passport® Visa Infinite* Card is a travel rewards credit card offering elevated Scene+ points on eligible grocery store purchases, dining, entertainment, and daily transit, with a standard earn rate on all other purchases. Cardholders benefit from no foreign transaction fees, six complimentary airport lounge visits per year through the Visa Airport Companion Program, and comprehensive travel insurance.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
- No FX fees means the card saves you significant expenses on foreign transaction fees
- Earn up to 3x Scene+ points per $1 spent on eligible purchases
- Flexible and straightforward redemption program
- Visa acceptance globally compared to American Express, especially outside major cities
- Enjoy six annual visits to airport lounges
- Robust insurance offerings, including extended travel emergency medical coverage
- Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
- High annual fee
- Limited rewards categories for earning reward max rate on purchases
- Primarily best for travel within Canada
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$150
Annual Fee
0.00%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
Rewards Scene+
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$2,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,300 in value in the first 12 months, including up to 40,000 bonus Scene+ points*.
|
If you're not super brand loyal when it comes to grocery shopping, but want to go where you'll score the best points, let's look at how the PC Insiders World Elite Mastercard compares with the Scotiabank Passport Visa Infinite.
Disclosures:
-
Rates, fees and other information are effective as of January 3, 2025. Subject to change.
Conditions Apply. Visit here for the Scotiabank Passport® Visa Infinite* Card to learn more.
*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
Is the PC Insiders World Elite Mastercard worth it?
For the welcome bonus and $0 grocery delivery, if you shop at Loblaws and Shoppers, it’s worth it, at least for one year. Before you renew the card, decide if you want to spend $120 for groceries to be delivered. If not, go with the PC World Elite Mastercard.
❓When is the PC Insiders World Elite Mastercard worth the $120 annual fee?
The PC Insiders World Elite Mastercard is worth the annual fee if:
- 1 You use grocery delivery at least once a month (the included PC Express Pass is valued at $99.99 annually)
- 2 You spend at least $250 monthly at Loblaw banner stores (this generates enough points to cover the annual fee)
- 3 You regularly fuel up at Esso/Mobil stations and can earn back at least $10/month in points
The card is not worth it if you rarely shop at Loblaw banner stores or wouldn't use the grocery delivery service.
Eligiblity requirements
-
Age: 18+ (the age of majority in your province or territory)
- Residency: Canadian resident
- Credit score: Very Good
- Income: $80,000 (personal) or $150,000 (household)
