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PC World Elite Mastercard

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BMO CashBack® World Elite® Mastercard®

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PC World Elite Mastercard vs BMO CashBack® World Elite® Mastercard®: Which one is better?

PC World Elite Mastercard

3.1

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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BMO CashBack® World Elite® Mastercard®

4.2

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Rewards Breakdown

Annual Rewards

$266

PC Financial

First Year Bonus

$100

PC Financial

Annual Fee

First Year Value

$366

$266 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$500.78

First Year Bonus

$190

Annual Fee

$120

First Year Value

$690.78

$380.78 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

Car Rental Damage & Theft

Up to 31 days

Extended Warranty

Doubled up to a year

Purchase Protection

90 days

Emergency Out of province Medical

$1M, Up to 10 days

Insurance Included

Car Rental Damage & Theft

$65,000 up to 48 days

Extended Warranty

Up to a year

Purchase Protection

90 days

Emergency Out of province Medical

$5M up to 8 days per covered person

Lost or Stolen Baggage

$500/person, $1000 maximum

Baggage Delay

$500/person, $1000 maximum After 6 hours

Travel Accident

$500,000

Hotel Burglary Insurance

$1000

Flight Delay

$500 After 4 hours delay

Extra Benefits

Concierge Services

Identity Theft Assistance

Extra Benefits

Car Rental Discount

25% off base rate of participating National Car Rental and Alamo Rent a Car

Airport Lounge - Dragon Pass

Pass only, complimentary visits not included

Gas Discount

Get up to seven cents off per litre on Shell® fuel

Roadside Assistance

Includes free battery boosts, flat-tire change, lockout service and towing

Hotel Booking Discount

Save up to 7% on your Booking.com prepaid hotel or property rental bookings

Boingo Wi-Fi hotspot

Interest Rates

Purchase:

21.99%

Cash Advance:

22.97%

Interest Rates

Purchase:

20.99%

Cash Advance:

23.99%

Annual Fee

$120

First Year Waived

Income Required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Income Required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Welcome Bonus

100,000 PC after approval of the application

Welcome Bonus

Get up to 10% cash back in your first 3 months with an incremental cashback value of $200

Rewards Rate

45 points per $1 dollar spent at Shoppers Drug Mart® stores

30 points per $1 dollar spent at Atlantic Superstore, Extra Foods, Fortinos, Loblaws, Maxi, Maxi & cie, no frills, Provigo, Real Canadian Superstore, SaveEasy, SuperValu, valu-mart, Your Independent Grocer, Zehrs

20 points per $1 spent in PC travel

19 points per $1 dollar spent at ESSO and Mobil (it's 30 points per liter and the assumption of average gas price of $1.6 was made)

10 points per $1 dollar spent for everything else

Rewards Rate

5% cashback on groceries (maximum $25 per statement)
4% cashback on daily transit (maximum $12 per statement)
3% cashback on gas (maximum $9 per statement)
2% cashback on recurring payments (maximum $10 per statement)
1% cashback on all other credit card purchases.

Loyalty Program

PC Financial

Loyalty Program

N/A

Point Redemption Options

Groceries

0.1¢ / point

Gas (Esso)

0.1¢ / point

Point Redemption Options

Not Applicable

Is this card worth it?

This is a great card to have in your arsenal if you frequently shop at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations, as you will earn significant rewards in these categories. The additional benefits, such as out-of-province medical insurance, car rental damage insurance, and concierge service, are impressive and typically only come with cards that have annual fees; however, you can access these benefits for free with this card. We do not recommend using this as your primary credit card but as a supplement to another primary card, especially because there are no fees. This is because the rewards on purchases outside the mentioned shops are very average, and many other cards offer much more substantial rewards for general use.

Is this card worth it?

If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.

Pros

Out-of-province medical insurance, concierge service, and car rental damage insurance—benefits that are usually included with cards that have fees—are included with this card.
Decent rewards on purchases at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations.

Pros

Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
Includes roadside assistance, a rare but valuable benefit for people on the road.
Provides a comprehensive list of insurance coverage and benefits.
High first-year value.

Cons

Many other high-spend categories don't earn as many rewards. Shopping at any other grocery chains, gas stations, or pharmacies will only give the base reward rate, and restaurant purchases and purchases in other categories don't earn much either.

Cons