Using PC Financial Mastercard to collect Optimum points | Credit card reward programs | Discussion forum

limonium said
Do I get all the points I'm entitled to just by paying with the card?   

Yes. The accounts will be connected.

However, you should use chip or swipe. They can't connect your PC account if you're using ApplePay/GooglePay. I'm not sure if tapping is okay, but I wouldn't risk it

limonium said
Thanks. This is even though my receipt does not show any points awarded with the transaction? The receipt does show the "closing balance" of Optimum points.  

I also note the points don't seem to show on the receipt immediately but appear to be added later.
They made me switch from PCF World Elite to PCF World - because purchases had dropped (my overall purchases dropped a lot during the pandemic). PCF World is not that great for points now. Can anyone recommend a good cash back credit card which I can use everywhere including Loblaws group which I can use instead of the PCF World. I will continue using the Optimum card itself at Loblaws and Shoppers - I realize Optimum points only good at these stores plus Esso I believe.

CIBC Dividend VISA. I think I get 4% but there is an annual fee.

savemoresaveoften said

Monthly and annual fee are waived for both full feature chequing acct and the mentioned CC if u have over $100k asset at the bank and/or Investors Edge.
Not a fan of CIBC but this particular deal is hard to beat.  

I will take 5% interest on 100k instead.

Easy to give away a $100 credit card fee in exchange for 5k interest in a year.

Everything from the big banks is a scam

limonium said
I have a PC Financial World Elite Mastercard. My question is not about the weekly special offers you have to load, just about using the card to pay at Superstore in Manitoba. My Optimum account is linked to the credit card. Do I get all the points I'm entitled to just by paying with the card? Or do I have to swipe separately for points?  

At Loblaws and No Frills self-checkout, scan PC MC for offer points then scan items then scan PC MC to pay and PC MC points. At Loblaws and No Frills regular checkouts, they scan the items, then PC MC for offer points and PC MC again to pay and PC MC points. In all cases, offer points will be issued immediately and show on receipt and the PC Optimum app/site. The PC MC points will show on the PC Optimum app/site 3-5 business days later.

cgouimet said

Just go back to PC MC Elite to get 30pts/$ at Loblaws grocery properties and 45pts/$ at Shoppers.  

I had the PCF MC World Elite until about 2 years ago during the pandemic - PCF advised my spending wasn't enough for me to keep that card - they offered me a PCF MC World which offers 20pts/$ at Loblaws and 30pts/$ @ Shoppers. I took the World until I get something better. I have the Rogers World Elite MC but it is not great - I get just 1.5% on all purchases. These are both cash back with no annual fee.

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.  

Hmm. I've had PC MC WE since 2019, never over $15k/yr.

cgouimet said

Hmm. I've had PC MC WE since 2019, never over $15k/yr.

If that's the case (under $15,000 per year), then you'll be receiving a notice from PC Financial.

To counter issuers who used to issue the Word Elite cards to anyone they could to collect the higher interchange, MasterCard Canada now requires a $15,000 per year minimum spend to keep a World Elite card.

It isn't only PC Financial that has been downgrading low-spend World Elite cardholders. Rogers Bank has been doing so as well:

What if I don’t meet the annual spend minimum for the Rogers World Elite Mastercard?
To maintain your account you must have an annual minimum spend of at least $15,000 posted on your account during each annual review period. An annual review period commences on August 1st of a year and ends on July 31st of the following year. If you have not maintained the annual minimum spend during an annual review period, we reserve the right to switch the account to another Rogers Bank credit card product on or after November 1st in the next annual review period, without any impact to the rewards earned up to the date of the switch.

Accounts open for less than 18 months prior to the end of any annual review period will not need to meet the annual minimum spend requirement for that annual review period.

cgouimet said

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

Yeah it does not take much effort, just pay a bit of attention for sale items that also offer bonus pts, and it can add up quickly. I see it as a good inflation neutralizer lol.

Norman confirmed the min. spend is $15k, Thor my letter said $20k when I got kicked out few years ago, maybe it’s $15k all along.

These day the PCF Mastercard is only used for SDM purchase which is rare, as their prices are just so expensive to begin with. Or I use the card when there are bonus pt promo specific to charging the purchase to the PCF MC.