Best Recommended Credit Cards For Students In Canada 2019, Many of us have one or more credit cards from our banks that was offered to us on Campus or when we sign up for student account at the bank.
As a student, the biggest cost we face is the cost of housing and foods, Based on experience most of the credit cards we carry as a student is likely to offer 2 percent cash back or travel rewards points.
But that cashback and Travel points can only be redeemed once a year. Which is a problem for students because most of the time we are running low on cash and having the ability to redeem and pay for essential and groceries is crucial to our success and no worrying about where your next meal is going to come from.
Well, the good news is that those days are over PC Financial which is apart of Loblaw companies the biggest groceries banners in the country is offering PC MasterCard which is pure points card and No annual fees.
which rewards you PC Optimums points for every dollar you spend on your PC Mastercard, which means free apparel from Joe Fresh Free groceries, almost everything in stores except, Gas, Tobacco products, and Gift cards.
Best Recommended Credit Cards For Students In Canada 2019
PC Financial MasterCard
PC Financial Mastercard is one of the three credit cards offered by the president’s choice bank. The PC Financial Mastercard which is the oldest card is the less card on their portfolio. The PC Financial Mastercard comes with minimum requirement and also has no annual fee.
The cardholder of the PC Financial Mastercard can earn 25 points on every dollar spent at Shoppers drug mart, 30 points for every litre of gas at Esso Mobil and 10 points on all dollar spent elsewhere.
PC Financial Mastercard has an interest rate of 19.97% on purchases, 22.97% on cash advance interest rate, 0,97% on balance transfer for the first 6 months and PC Financial Mastercard credit card comes with 21 days grace period on every new purchase.
PC Financial World Mastercard
The PC Financial World Mastercard is one of the three credit cards offered by the president’s choice bank. Unlike the PC Financial Mastercard, the World Mastercard gives a higher reward point and also comes with a requirement of $60,000 a year min. personal income or $100,000/ year Min household income.
Like the other credit cards offered by president’s choice, the PC Financial World Mastercard has an interest rate of 19.97% and a promotional offer of 0.97% on balance transfer for the first 6 months of approval.
With the PC optimum point which makes 1,000 points equal to $1, PC Financial World Mastercard reward customers with 20 points on every dollar spent using their credit card. It also requires a credit score of fair-good and comes with no annual fee like the other two cards.
Benefits.
- No Annual Fee
- 35 points on every 1 dollar spent at Shoppers Drug Mart
- 20 points on every $1 spent at Loblaws stores and PC Travel
- 10 points on every $1 spent on all other purchases
- 30 points on every litre at Esso/Mobil locations
- 0.97% balance transfer for the first 6 months
PC Financial World Elite Mastercard
The highest rank credit card offered by President’s Choice bank is the PC Financial World Elite Mastercard. The World Elite card comes with bumper incentives as that of the other two cards too. The World Elite Mastercard requires a minimum annual personal income of $80,000 or household income of $150,000 before you can be approved.
Like every of the PC Financial cards, the World Elite Mastercard has an interest rate of 19.97% on purchase and 22.97% on cash advance interest rate. The World Elite Mastercard also come will a promotional offer of 0.97% on balance transfer for a new customer for the first 6 months. To be approved of the PC Financial World Elite Mastercard applicant must have at least a credit score of 670 to 739.
Benefits.
- No Annual Fee
- 45 points on every $1 dollar spent at Shoppers Drug Mart
- 30 points on every $1 spent at Loblaws stores and PC Travel
- 10 points on every $1 spent on all other purchases
- Get 3 cents on every litre at Esso/Mobil locations
- 0.97% balance transfer for the first 6 months
- 21 days interest-free grace period
Compare PC Financial Credit Cards
| PC Financial MasterCard | PC Financial World MasterCard | PC Financial World Elite MasterCard | |
|---|---|---|---|
| Annual Fee | No annual fee | No annual fee | No annual fee |
| PC Points In Loblaw Banners | 10pts/$1 | 20pts/$1 | 30pts/$1 |
| Eligibility | $60,000/ year min personal income -OR- $100,000/ year Min household income | $80,000/ year Min personal income -OR- $150,000/ year Min household income |
|
| Upgrade Criteria | $15,000/ year min. spend | $25,000/ year min spend | |
| Interest Rate | 19.97% | 19.97% | 19.97% |
| Rate on Cash Advance | 22.97% | 22.97% | 22.97% |
| Balance Transfer | 0.97% (promotional for the first six months) | 0.97% (promotional for the first six months) | 0.97% (promotional for the first six months) |
| Grace Period | 21 days | 21 days | 21 days |
| Shoppers Drug Mart | 25pts/$1 | 35pts/$1 | 45pts/$1 |
| Esso Mobil | 30pts/$1 | 30pts/$1 | 30pts/$1 |
| PC Travels | 20pts/$1 | 20pts/$1 | 30pts/$1 |
| Everywhere else | 10pts/$1 | 10pts/$1 | 10pts/$1 |
Where You Can Earn and Redeem Point
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