** Offer valid for new President’s Choice Financial® Mastercard® cardholders who apply by June 30, 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. Visit pcoptimum.ca for participating stores. Qualifying purchases must be made with your new PC Financial® Mastercard®. Date of account approval is the date of the PC Financial® email confirming that your PC Financial® Mastercard® is approved.

Qualifying purchases excludes refunds, cash advances, balance transfers, interest charges, fees, credit or debit adjustments. Any refunds or merchant credits received during the offer period will reduce your total purchase amount for the purposes of this offer. Cannot be used with any other promotions or offers. Offer has no cash value. Your President’s Choice Financial® Mastercard® account must be open and in good standing at the time points are awarded. Offer applies to new accounts only. This introductory offer is limited to one per new PC Financial® Mastercard® account and may be terminated or changed at any time without notice. Allow 4-6 weeks from qualifying purchase(s) for bonus PC Optimumᵀᴹ points to be awarded.

PC Financial doesn't seem keen to have lots of funds in the PC Money account. Pulling funds in used to be limited to $1,000/day. I think the limit is now $25,000/day, $50,000 every 30 days.

I suspect their goal is for the account holder to spend incoming funds through the associated pre-paid Mastercard so that they collect the 1.44% or 1.55% interchange. The goal isn't for holders to move $100,000+ in, transfer it to the savings balance, and collect high interest.

COIN said
In other PC Financial news.
https://www.thestar.com/busine.....d.html  

Thanks for sharing. I was on another continent and missed the news. As a contented client of both institutions, each with its own deficiencies, I’m optimistic about the merger.

On January 16th, PC Financial finally credited the Savings portion of my PC Money account with the interest that the account earned but was still owed for both November and December, 2025. To recap, I had brought the issue of the missing interest to their attention by submitting a complaint on December 15th, escalating it to their Executive Customer care unit on December 29th and submitting a second separate complaint on January 12.

The deposits for the interest payments for November and December were backdated to when they should have occurred (December 1, 2025 and January 2, 2026). I discovered the backdated interest payments when logging into my PC Money account on January 16th. It took longer than it should have, but at least it's finally resolved - hopefully once and for all!

A few days later I actually got a call from PC Financial when they officially informed me of the backdated interest payments and apologized for the trouble they caused. As compensation, they credited me with an additional 25,000 PC Optimum pts (worth $25). Not really worth the hassle, but better than it could have turned out - so definitely a relief to have it resolved

Later the same day (after the phone call) I also received an e-mail from PC Financial indicating that they had resolved the issue. I never received an explanation for why they missed the interest payments in the first place, so I can't provide any insights on how they buggered that up.

Will definitely monitor the account closely going forward, but for now at least everything seems to be ok - I am hoping it stays that way....

New physical cards will be mailed out. One needs to update billers to the current cards:

6. Updating your payment options

Once your product switch request is approved and your new Card is issued, you must activate your new Card and any of your Additional Cardholders must activate their new Card immediately upon receiving them. Please note that your current Card will no longer be valid upon activation of your new Card or 60 days following issuance of the new Card, whichever one comes first. If you or any of your Additional Cardholders have previously arranged any pre-authorized transactions with merchants using yours or their Card, you or your Additional Cardholders must advise them of the new Card number and expiry date once they are available and activated. You acknowledge that certain merchants may automatically receive your updated Card number and expiry date associated with pre-authorized transactions you have authorized with them, and you will continue to be responsible for these transactions. For more information on this process, see the terms of the Cardholder Agreement.

If you or any of your Additional Cardholders have enrolled your Account in any mobile wallet or other payment application, you or the Additional Cardholder may be required to re-enroll with your new Card information to continue using your Card in that wallet or application. Enrollment in any third party mobile wallet is subject to the terms and conditions set out by the wallet provider. PC Financial is not responsible for any third party mobile wallets or other payment applications.

countysaver said
Rcvd two offers the same day in December; increase credit limit by 50% in one and switch to World Elite in second. Transition was seamless including linking PC Optimum account to news cc. There is another card, "PC Optimum World Elite" with an annual fee; earns more Optimum points but not worth the cost for me. Others may have a different spending pattern.

If I recall correctly, when the announcement was made of the purchase of PC Financial by EQ Bank, it was stated EQ Bank will be the exclusive financial institution partner for PC Optimum. I don't expect much to change other than red to yellow branding. To be seen, if EQ Bank maintains the kiosks and ATMs in Loblaws and affiliated stores. That would be a gain for the bank.  

Minor detail ... It's actually "PC Insiders World Elite".

cgouimet said

It wouldn't be a problem for me I go to the ATM once per year, and not every year) to get enough cash to ensure my spouse and I have about $100 each in our wallets.  

Same - $100 in plastic bills folded in my wallet untouched for more than a year. Once needed it for ethnic restaurants in my area but most now take debit at no extra charge and dropped "discount for cash". Though prohibited, a few still charge extra for cc use.

Peseta said
Anybody here thinks that with this acquisition, EQ will make PC MasterCard (or whatever the credit card might be called) a no-forex fee card?

Their debit card is ... so, my hope is that they'll try to differentiate themselves from everyone else with a no forex fee credit card.  

PC Financial's Spending account "debit card" – really prepaid Mastercard credit card – is fx-fee exempt similar to EQ Bank's offering. I sense [TV advertising, etc] that EQ wants to compete with Wealthsimple and its hard-to-obtain fx-fee free Visa. A real credit card, with or without fx fees, would be a nice addition to EQ's product line.

If I recall correctly, when the announcement was made of the purchase of PC Financial by EQ Bank, it was stated EQ Bank will be the exclusive financial institution partner for PC Optimum. I don't expect much to change other than red to yellow branding. To be seen, if EQ Bank maintains the kiosks and ATMs in Loblaws and affiliated stores. That would be a gain for the bank.

InterestThis said
Wonder how much of the points benefits are going to be eliminated by EQ bank when they take over?

One can guess what is vulnerable by comparing the value of the PC Optimum points earned with the interchange received by the World Elite Mastercard issuer: