PC Financial® offers Canadians a no annual fee World Elite MasterCard® for three times the reward earning potential
TORONTO, Sept. 9, 2015 /CNW/ - PC Financial® services today announced the launch of their latest credit card offering, the PC Financial® World Elite MasterCard®. The new credit card marks the launch of the first Canadian no annual fee World Elite MasterCard and is designed to provide Canadian shoppers with even more value.
To support the launch of the new card, PC Financial® services commissioned Leger Marketing to survey Canadians about their credit card and rewards habits to better understand what they value most when it comes to credit. The results show that more than three-quarters, 78 per cent, of Canadian respondents prefer everyday rewards from their credit cards vs. high credit limits and luxurious add-ons.
"We perform regular checks with our customers to ensure our products remain competitive and deliver unrivaled value to Canadian families," said Barry Columb, President of President's Choice Bank®. "The PC Financial World Elite MasterCard is the biggest product innovation in our almost 20 year history, one that leverages the full scope of the Loblaw family of businesses, while still delivering what our customers want most, everyday value."
The PC Financial® World Elite MasterCard® is a no annual fee, premium card that rewards Canadians for everyday purchases. Card holders across Canada will now receive:
This is all in addition to the 10 PC® points customers regularly earn for each dollar spent on the card everywhere else. With accelerated point collection and more places to earn, PC Financial® World Elite MasterCard® customers will be able to redeem points sooner.
The survey found that while 88 per cent of Canadian respondents own a credit card, one-fifth admit to being more knowledgeable about hockey or sports than the benefits of their card. In fact, between a quarter and third of Canadians say they never redeem their reward benefits.
"Canadian families are looking to maximize savings on their day-to-day expenses," said mom, author and PC Financial® Chief Family Advisor, Kathy Buckworth. "Thirty-four per cent of respondents admit to checking their reward balances monthly, but there's a lot of confusion about what and how to redeem. The new PC Financial® World Elite MasterCard® is an easy solution, which helps Canadians maximize savings on everyday purchases such as groceries, leaving more room in the family budget."
"A no annual fee credit card that offers rewards can help reduce expenses," added personal finance expert & PC Financial® advisor, Rubina Ahmed-Haq. "Many people overlook the reward cards in their wallet, but they provide some of the easiest ways to trim overall costs."
Ahmed-Haq provided three easy tips to follow when looking to collect and redeem rewards including:
The PC Financial® World Elite MasterCard® supports PC Financial® services core philosophy which hinges on simple and easy banking, no annual fee credit cards, no fee daily banking, competitive rates and grocery rewards. The PC Financial® World Elite MasterCard® makes rewards easier to earn and redeem than ever before.
For more information on the new President's Choice Financial® World Elite MasterCard® or to apply, please visit pcfinancial.ca.
The PC Financial® World Elite MasterCard® credit card is subject to eligibility criteria and credit approval.
About the survey
The President's Choice Bank survey was completed online using Leger's online panel, Leger Web, with a representative sample of 1,500 Canadians between August 6 and 10, 2015. A probability sample of the same size would yield a margin of error of +/-2.5 per cent.
About President's Choice Financial®
President's Choice Financial® services are a unique financial service offering designed by Loblaw Companies Limited. President's Choice Bank provides the President's Choice Financial® MasterCard®, while the direct banking division of CIBC provides personal banking services.
About Loblaw Companies Limited (TSX: L)
Loblaw Companies Limited is Canada's food and pharmacy leader, the nation's largest retailer, and the majority unit holder of Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and Associate-owned locations, Loblaw, its franchisees, and Associate-owners employ approximately 192,000 full- and part-time employees, making it one of Canada's largest private sector employers.
Loblaw's purpose – Live Life Well – puts first the needs and well-being of Canadians who make one billion transactions annually in the companies' stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,050 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at more than 1,250 Shoppers Drug Mart and Pharmaprix locations and more than 500 Loblaw locations; no-fee banking with PC Financial; affordable Joe Fresh fashion and family apparel; and three of Canada's top consumer brands in Life Brand®, no name® and President's Choice®. Through the PC Plus™ and Shoppers Optimum® loyalty programs, more than one in every three Canadians are rewarded for shopping with the companies.
SOURCE PC Financial
Image with caption: "New survey shows Canadians value everyday rewards and low interest rates over high credit limits and luxurious add-ons (CNW Group/PC Financial)". Image available at: http://photos.newswire.ca/images/download/20150909_C6675_PHOTO_EN_492922.jpg
Sean Citrigno, Citizen Relations, [email protected] / 416-934-8086; Michelle Reidel, PC Financial, [email protected] / 647-309-3925
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