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.
When 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.