The Best Retail Credit Cards in Canada 2022

Best store credit cards in Canada

If you spend at Loblaws, Shoppers Drug Mart and Esso

PC Financial World Elite Mastercard*

This credit card brings a little more to the table — get it? The PC Financial World Elite Mastercard is arguably the best free card credit for grocery shopping in Canada, earning you PC Optimum Points faster when you shop at any of the Loblaw banner stores (Loblaws, No Frills, Superstore, Fortinos, etc.), Shoppers Drug Mart and when you refuel at Esso and Mobil gas stations.

Learn more about the PC Financial World Elite Mastercard*

How it works

You earn the equivalent of 4.5% cash back in PC Optimum Points at Shoppers Drug Mart and 3% on Loblaws signage groceries. You’ll also earn 30 Optimum Points per gallon of gas at Esso and Mobil stations – making it one of the best retail tanker credit cards on the market – and 1% in PC Points everywhere you swipe the card.

The loyalty system is easy to understand: 10,000 PC Optimum Points equals $10 redeemable for merchandise (or in other words, 10 points = $0.01 or 1%).

You can redeem your points at nearly 2,500 participating retail locations, including Loblaws banner stores and Shoppers Drug Mart/Pharmaprix locations. As soon as you have more than 10,000 points, show your card at the cash register and the discount in question will be directly debited from your account.

Advantages

This card has no annual fee and provides free emergency medical insurance for up to $1 million for trips of 10 days or less. It also comes with car rental insurance, purchase insurance in the event of theft, loss or damage after you purchase an item with your card, and extended warranty on select items purchased with the card. It also has a free 24/7 concierge service for dinner reservations, event tickets, gift delivery, and more. You can also stack PC Optimum points you earn regularly on the credit card with personalized offers from the PC Optimum app, in-store points offers or flyers.

cons

Purchases of certain items, such as tobacco, lottery tickets and prescriptions in stores, will not earn you PC Optimum points. While you can earn points at Esso and Mobil gas stations, you cannot redeem points for free refueling.

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