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Email this5:36 am
July 21, 2019
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I'm going to talk about credit cards for a minute...
I put about 75k on my credit card each month and when I was with PC Financial they gave me their World Elite Mastercard with a 50k limit, which means I had to pay it down by 25k about once a month to stay within the limits. I loved the PC points and received at least $400 worth per month in food credits.
Now no matter how hard I tried they stated they do not go higher than 50k for anyone and getting 75k credit was not possible.
So here comes Simplii now and they issue Visa. I get a tiny $7,500 credit limit and I call them to say what is up. Turns out they are issuing it like that and say they are a budget oriented bank. So two months of haggling and supervisors, account reps, Yes Sir you are a great client and I finally get $35k. They tell me I have the highest credit limit they have given anyone in Canada and they have made an exception with me.
Big Deal 
Here comes my MBNA Elite card....
1. I apply and get 25K credit
2. Make one call and instantly raised to 50K
3. One year later raised to 75K with another quick call
I get 2% cash back applied directly to my statement whenever I ask for it. I have claimed 15K in cash back for a year to date. That is 15k real money not some BS points I can apply to over inflated grocery prices.
So for my Simplii Visa I have decided to use it for all my subscriptions like YouTube, Netflix etc that have a recurring fee. I love how this card displays directly with my chequing and savings account on my Simplii screen.
I kept my PC World Elite Mastercard because for travel you have automatic health insurance if you pay for your trip with it and you have automatic car insurance if you pay your bill with it as well. These apply only to the top tier world elite card and are a great bonus. The only catch is you have to charge a minimum of 25k per year to keep that card active.
So from my two dozen credit cards my favourites are.... (in order)
1. MBNA Elite Mastercard
2. PC MasterCard World Elite
3. Simplii Visa
In closing....
I chase the best credit card deals but to change all my subscriptions is a royal pain in the arse, so I keep all subscriptions on the Simplii Visa Card because I see them at a glance when I log in. Now I can switch my other cards as needed and never worry about my subscriptions.
So I picked the Simplii visa card for convenience over rewards.
6:23 am
April 6, 2013
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MapleOne said
…
I kept my PC World Elite Mastercard because for travel you have automatic health insurance if you pay for your trip with it and you have automatic car insurance if you pay your bill with it as well. These apply only to the top tier world elite card and are a great bonus. The only catch is you have to charge a minimum of 25k per year to keep that card active.
…
One doesn't need to spend $25,000 a year on the PC Financial World Elite MasterCard once one has qualified for it.
The income or spending requirements come from MasterCard Canada and are required only when one is applying for the card anew or upgrading from another PC Financial MasterCard:
Requirements
A minimum annual personal income of $80,000 or household income of $150,000 is required for a new PC Financial® World Elite Mastercard®. To upgrade from another PC Financial Mastercard, the same income or a minimum $25,000 annual spending on the [other PC Financial Mastercard] card is required.
7:04 am
July 21, 2019
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After I switched to MBNA I called PC Mastercard and they told me I had to charge 25k per year to keep the card active.
I guess that bit of misinformation by an agent was a bold faced lie.
That has cost me 2% of 25k for two years that I could have put on my MBNA. Saving grace is I still collected PC points toward food.
I will keep you updated if they downgrade my PC Mastercard after a year if I don't maintain the 25k.
7:25 am
March 15, 2019
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I am posting just to comment that the $25,000/yr spending cuts both ways. Originally I had their lowest card for I did not meet the requirements on paper to get the PC Financial World Elite MasterCard. About 6 months ago I received a call saying congratulations, we (wife and I ) were getting an upgrade. At first I thought it was BS but in about 10 days we received the cards. So I would think if you make the income requirement you are safe keeping the card. Myself, I would not be surprised if we drop below $25,000 the card will be gone. IMHO.
BUT, it is our go to card for nearly any purchase.
7:44 am
July 21, 2019
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krwilson said
I am posting just to comment that the $25,000/yr spending cuts both ways. Originally I had their lowest card for I did not meet the requirements on paper to get the PC Financial World Elite MasterCard. About 6 months ago I received a call saying congratulations, we (wife and I ) were getting an upgrade. At first I thought it was BS but in about 10 days we received the cards. So I would think if you make the income requirement you are safe keeping the card. Myself, I would not be surprised if we drop below $25,000 the card will be gone. IMHO.BUT, it is our go to card for nearly any purchase.
They usually upgrade to the mid level card, which is what they did for my wife.
The top end World Elite is something they are a bit stricter with. The mid level world is an automatic upgrade for a lot of folks.
Are you sure they upgraded you to that one?
8:06 am
March 15, 2019
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The top end World Elite is something they are a bit stricter with. The mid level world is an automatic upgrade for a lot of folks.
Are you sure they upgraded you to that one?
Yes, I am sure. I was pleasantly surprised too!
8:15 am
July 21, 2019
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Congratulations
That card has some great added benefits. 
8:21 am
March 15, 2019
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This is why when I answered the phone I was originally quite rude for I thought it was some scammer. BUT, I was never asked any personal info just told that if I said yes they would upgrade the card, so yes it was.
But the previous year we had broken $25,000 in spending on it so I assume we must keep that up. I used to use more cash but now pretty much charge everything to this card. The benefits are very good and I do use Shoppers and PC food purchases a lot which makes this an excellent program for us.
8:33 am
April 7, 2016
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I have had a PC World Elite for a few years now and never spend over $300.00 per month on it. They have never suggested that it would be cancelled. I use my Rogers World Elite much more because most of the bonuses are better.
8:37 am
December 7, 2011
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MapleOne said
I kept my PC World Elite Mastercard because for travel you have automatic health insurance if you pay for your trip with it and you have automatic car insurance if you pay your bill with it as well. These apply only to the top tier world elite card and are a great bonus. The only catch is you have to charge a minimum of 25k per year to keep that card active.
I have car insurance, travel accident insurance and purchase assurance with extended warranty and price protection included with Capital One Mastercard. No annual fee. I also get $7.50 bonus (1000 miles) each and every year. No minimum spending required. No health insurance with this card.
6:03 pm
April 6, 2013
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MapleOne said
They usually upgrade to the mid level card, which is what they did for my wife.
The top end World Elite is something they are a bit stricter with. The mid level world is an automatic upgrade for a lot of folks.
The middle PC Financial World MasterCard has minimum requirements as well, though not as high as those of their World Elite MasterCard:
Requirements
A minimum annual personal income of $60,000 or household income of $100,000 is required for a new PC Financial World Mastercard. To upgrade from another PC Financial Mastercard, the same income or a minimum $15,000 annual spending on the card is required. Subject to credit approval.
9:26 pm
April 6, 2013
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3oakwest said
I have had a PC World Elite for a few years now and never spend over $300.00 per month on it. They have never suggested that it would be cancelled.…
It is not in PC Financial's interest to downgrade any holders of their World Elite card. The drop in the interchange fees paid to PC Financial, by the merchant's financial institution, would be significant.
These are some of the current MasterCard Canada interchange rates for the regular, World, and World Elite MasterCards:
| Cardholder in Store | Core | World | World Elite |
| Contactless (less than or equal to CAD$25) |
5¢ (CAD) | 6¢ (CAD) | 7¢ (CAD) |
| Electronic | 1.30% | 1.42% | 1.86% |
Downgrading the World Elite to a regular MasterCard would cut the interchange for under-$25 contactless transactions from 7¢ to 5¢, a 29% reduction.
The standard interchange for an electronic charge transaction would drop from 1.86% to 1.30%, a 30% reduction.
11:25 pm
October 21, 2013
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A long time ago, Canada Trust took away my USD MC because they said, in writing, that I hadn't used it enough, or perhaps I hadn't used it for a year or something like that.
I was quite miffed as I had plans to use it more extensively in future.
A couple of years later, I moved to the US for four years. Needless to say, I didn't apply for another Canada Trust USD MC!
7:14 pm
April 6, 2013
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Yes, card issuers will close credit card accounts that have no activity for a while. That happened to one of my credit cards I didn't use for over a year.
The zero interchange from the card doesn't cover the cost of issuing a renewal card.
I'm sure if you drop by a successor TD Canada Trust branch, one of the tellers would be very happy to "upsell" you their US$ credit card toward his/her quota!
3:30 am
October 21, 2013
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Yes, they probably would, Norman. But I don't need it any more. They lost the business they could have had when I was away for most of 4 years but still a Cdn resident.
They used to have a lot of my GICs too, but no more!
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