PC Insiders World Elite Mastercard in Canada – Maximize PC Optimum Points and 5% Cash Back

Quick overview of the card

The PC Insiders World Elite Mastercard is a premium rewards card for Canadians who shop at Loblaw banners and Shoppers Drug Mart. With an annual fee of $120 and strong earning on everyday spending, it’s built to maximise PC Optimum points and deliver up to 5% cash back on key categories.

Key rates include 40 PC Optimum points per $1 at Loblaw stores, 50 points per $1 at Shoppers Drug Mart, at least 50 points per litre at participating Esso and Mobil stations, and 10 points per $1 on other purchases. The card also bundles travel emergency medical and car rental insurance, concierge service and identity theft assistance.

How to maximise PC Optimum points and 5% cash back

Use the card for grocery runs at Real Canadian Superstore, Loblaws, No Frills and PC Express orders to earn 40 points per dollar, which translates to roughly 4% in value. For pharmacy and beauty buys at Shoppers Drug Mart, the 50 points per dollar rate effectively gives you 5% cash back when redeemed through PC Optimum.

Combine card-earning with targeted PC Optimum personalized offers in the app and promotional multipliers to boost returns. Fill up at Esso and Mobil to capture the minimum 50 points per litre promotion, and treat everyday purchases as steady 10 points per dollar accrual to maintain a healthy rewards balance.

Travel, insurance and cardholder protections

The PC Insiders World Elite Mastercard delivers useful travel protection for Canadians, including up to $1,000,000 in emergency medical coverage for trips up to 10 days for cardholders under 65. Rental car collision and loss damage coverage applies for rentals up to 31 days on eligible vehicles, adding real value for short trips.

Purchase assurance and an extended warranty provide peace of mind on new items, while the card’s concierge and identity theft assistant services add practical support without extra fees. These extras can offset the $120 annual fee for frequent travellers and loyal Loblaw shoppers.

Redeeming points, eligibility and alternatives

PC Optimum redemptions are straightforward: 10,000 points equals $10 and can be used across thousands of Loblaw banner locations and JoeFresh.ca. The PC Optimum app tracks points, highlights offers and helps plan redemptions so you can target big savings on groceries, pharmacy items and fuel.

Note the income requirement: generally $80,000 personal or $150,000 household, which may narrow eligibility. If you don’t qualify or prefer no annual fee, consider the PC Financial World Mastercard or other Canadian cashback options like Tangerine or Scotiabank products, but for heavy Loblaw and Shoppers spenders the PC Insiders World Elite Mastercard often returns the most value.