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Using PC Financial Mastercard to collect Optimum points
March 25, 2023
7:13 pm
Norman1
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$15,000 is the minimum annual spend set by MasterCard Canada. Card issuers are free to set a higher minimum to keep one of their World Elite cards.

I found New PC Financial World Elite Mastercard eligibility requirements buried in their site that has the details for the PC Financial World Elite MasterCard.

March 25, 2023
9:32 pm
smayer97
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cgouimet said

And between PC MC WE, PC Optimum and PC Insiders I've averaged 950kpts/yr.  

So far I am up about 650-700 pts in 4 months. I have purchased the PC Insider plan (no longer available) that gives an extra 10% off all PC products, so that helps.

TIP 1: sign up for more than one PC Optimum account (I have three). This will allow you to get multiple and often different discounts. Choose the one that best suites you. You need different email accounts (see TIP 3).

TIP 2: PCExpress often (almost every week) sends discount codes for an account to get 15K for $100 or even 20K or $25K for only $75 orders. It is not tied to the email it is sent, so can be used with any of the PCOptimum accounts you have, sometimes being able to add the discount with other discounts.

TIP 3:
If you have gmail, there are 2 ways to 'create' multiple 'unique' emails using the same email account, so that all end up being delivered to the same inbox. Simply sign-up to sites with one of the following:
1. add one or more periods to your email. Sites will treat them as unique.
2. add '+whatevertext' just before the @ symbol. e.g. myemail+pc1@gmail.com
BONUS: within gmail, you can create filters for each sub-email to assign labels, or perform some other action, etc.

March 25, 2023
9:45 pm
smayer97
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savemoresaveoften said

Most if not all world elite card regardless of issuers requires a min annual spend of $20k. I got kicked off the PCF WE too as the 4% rebate from my CIBC visa infinite trumps the PCF WE when it comes to groceries and gas.  

Keep in mind that if only accounting for groceries, if you have to pay the $139/yr annual fee for this card, you would have to spend almost $14,000/yr in groceries to break even vs the PC WE MC no fee card earning 3%.

Of course, gas purchases will offset that faster. Assuming gas expenses at $3000/yr, that reduces the breakeven point for groceries to about $5000 before you start pocketing any benefit.

March 26, 2023
4:27 am
savemoresaveoften
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smayer97 said

Keep in mind that if only accounting for groceries, if you have to pay the $139/yr annual fee for this card, you would have to spend almost $14,000/yr in groceries to break even vs the PC WE MC no fee card earning 3%.

Of course, gas purchases will offset that faster. Assuming gas expenses at $3000/yr, that reduces the breakeven point for groceries to about $5000 before you start pocketing any benefit.  

Totally, that’s why I recommend that card only if one already has investments at CIBC and/or Investors Edge that totaled more than $100k. Then it becomes a free card and no brainer.

I never pay annual fee for any credit card, never has, hopefully never have to. My philosophy is they should be honored and reward me to use their cards, amongst all the competition cards I can choose.

I am not sure if CIBC still does it as it’s not actively advertised (I don’t think). Check details if one is interested. I mentioned the card a few years ago and I believed another member here took advantage of it too. He should be a happy camper too!

Not affiliated with CIBC in case one wonder.

March 26, 2023
6:07 am
canadian.100
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PCF agent has confirmed I need to spend $15K per year to be eligible for the PCF World Elite MC.

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