How to Earn PC Points

One of my favourite banking institutions in Canada is President’s Choice Financial. PC Financial offers a low cost for most of your banking needs, and earn points just for doing the regular things that make up your life.

In fact, I use PC Financial for the no-fee bank account, but also as a way to earn PC points on things that I purchase every day.

How Can You Earn PC Points

PC points are earned with the help of a credit card or a debit card. That’s one of the great things about this program. If you aren’t comfortable with the idea of using a credit card to earn points (PC Financial issues a MasterCard), you can use your bank card instead. That way, you can still earn points when swiping your plastic, but you don’t have to worry about using credit or paying interest.

The PC points program is fairly straightforward:

  • Earn 10 PC points for each dollar you spend everywhere you shop with the PC Financial MasterCard.
  • Earn 5 PC points for each dollar spent when you use your bank card at participating stores.

How to Earn PC PointsWhen you earn your first 20,000 in points, you can get $20 in free groceries. It’s also possible to keep saving up your PC points for other items, and you can redeem them in 10,000 point increments after you reach your initial 20,000 points.

You redeem your PC points at the checkout at participating stores where President’s Choice products are sold. This includes just about anything, from groceries to gift cards to small appliances to cosmetics. You need to let your cashier know that you plan to use our PC points to help pay for your purchase.

Use the PC Financial MasterCard for Best Results

Even though you can use your bank card to earn points, there are more restrictions. You won’t earn as many PC points for each purchase, and each purchase has to be made at a participating store in order for you to get the points.

On the other hand, if you use the PC Financial MasterCard to earn your PC points, you get double the points for each dollar spent. On top of that, you can earn points no matter where you shop, or what you spend your money on. You can rack up the points much faster with the MasterCard.

However, if you decide to use the credit card to earn your PC points, you will need to make sure that you have a spending plan in place. Paying the interest on a carried balance can offset the value of the rewards you earn. It doesn’t do you much good to get $20 in free groceries if you pay $50 in interest.

Make sure that you use your PC Financial MasterCard only on planned purchases. If you incorporate your credit card use into your regular budget, you can earn PC points at a rapid rate, on things you would buy anyway, and you don’t have to worry about carrying a balance. Just pay off the card each month with your budgeted money.

With the right approach, you can use President’s Choice Financial to earn free items, and improve your financial situation.

Written by Tom Drake

Tom Drake is the owner and head writer of Canadian Finance Blog. While you’re here, consider signing up for the RSS feed or email subscription. Both deliver the latest articles directly to you! You can also follow me on Twitter for all the latest posts or to send me any comments or questions!

4 Responses to How to Earn PC Points

  1. Another way to earn PC points is to use reusable shopping bags or bins when you shop at PC product stores. Just tell the cashier how many you are using, and you get points for each one (only if you are using your PC card, of course).

    This is also a savings because many PC stores now charge you a few cents per plastic bag you use.

  2. I’m really glad that they have come up with a loyalty program that can boost the points you get in addition to the banking rewards. Is it true that you can only get the bonus points at Loblaw stores right now? I hope it becomes available at No Frills stores before I head back to school, I definitely don’t have the $’s to spend at Loblaw stores.

  3. We often use our PC master card at Sobey’s, meaning we get PC Points as well as Air Miles. They’ve “caught on” to people like us, though – Atlantic Superstore now offers double PC points (20/dollar spent) for purchases made at there. I haven’t done the numbers, but I think that’s a slightly better deal than using the PC card + Air Miles at Sobeys.

    BTW – Use your credit card for purchases from big corporations, but stick to debit or cash for the local businesses. They pay through the nose to credit card companies.

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