1.PC® World Elite® Mastercard
PC Financial
- 4.5%Cash back at Shoppers Drug Mart® stores
- 3%Cash back at participating grocery stores
- 1%Cash back on all other purchases
Earn 50,000 points when you spend $100 or more at participating stores within 60 days of account approval.
Earn 4.5% back in points at Shoppers Drug Mart® stores and 3% back in points at participating grocery stores.
21.99%
22.97%
The PC® World Elite® Mastercard stands out as the top choice because it offers exceptional rewards on everyday purchases, particularly at grocery and drugstore locations. With no annual fee and a generous welcome bonus, it provides significant value for those who frequently shop at these retailers.
Pros:
- No annual fee
- High rewards at grocery and drugstore purchases
Cons:
- Limited to specific stores for higher rewards
- Points may take time to accumulate
2.CIBC Costco Mastercard
CIBC
- 3%Cash back at restaurants and Costco gas
- 2%Cash back on Costco.ca and Costcobusinesscentre.ca purchases
- 1%Cash back on all other purchases
You'll receive a CA$100 statement credit when CA$3,000 or more is spent within 120 days from the day your account was opened.
Earn up to 3% cash back on eligible purchases where Mastercard is accepted.
20.75%
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What sets the CIBC Costco Mastercard apart is its strong cash back rewards structure, particularly for Costco members. With no annual fee and a straightforward cash back system, it appeals to those who frequently shop at Costco and want to maximize their savings.
Pros:
- No annual fee
- High cash back on Costco purchases
Cons:
- Requires Costco membership
- Cash back is received annually
3.National Bank World Elite Mastercard
National Bank
- 5%Points on grocery and restaurant purchases
- 2%Points on other purchases
Get up to CA$1,052 in benefits and rewards for the first year.
Earn up to 5 points per dollar spent on eligible grocery and restaurant purchases.
20.99%
22.49%
The National Bank World Elite Mastercard shines for its extensive travel benefits and high points earning potential, especially on grocery and restaurant purchases. With a robust rewards program and significant welcome bonuses, it is an excellent choice for frequent travelers looking to maximize their rewards.
Pros:
- Comprehensive travel insurance
- High points earning potential
Cons:
- Annual fee applies
- Higher interest rates
Final Words
As you navigate the options for store credit cards this May 2026 in Canada, remember that the best choice aligns with your spending habits and financial goals. Take time to compare the benefits and rewards of each card to ensure you make an informed decision that enhances your purchasing power.
Frequently Asked Questions
The PC® World Elite® Mastercard offers a welcome bonus of Earn 50,000 points when you spend $100 or more at participating stores within 60 days of account approval. You can earn 4.5% back in points at Shoppers Drug Mart® stores and 3% back in points at participating grocery stores.
The CIBC Costco Mastercard provides a welcome bonus of CA$100 statement credit when CA$3,000 or more is spent within 120 days from the day your account was opened. You can earn up to 3% cash back on eligible purchases where Mastercard is accepted, with specific categories offering 3% cash back at restaurants and Costco gas.
With the National Bank World Elite Mastercard, you can get up to CA$1,052 in benefits and rewards for the first year. The card allows you to earn up to 5 points per dollar spent on eligible grocery and restaurant purchases, with 2 points on other purchases.
Store credit cards can offer significant rewards and discounts, especially if you frequently shop at the store. However, it's essential to weigh these benefits against potential high-interest rates and fees, making sure the card aligns with your shopping habits.
Before applying for a store credit card, consider the interest rates, annual fees, and the rewards structure. Additionally, evaluate whether you will meet the spending requirements to earn bonuses and if the card fits your purchasing habits.
To maximize rewards with your store credit card, use it primarily for purchases at the affiliated store and pay off the balance in full each month to avoid interest charges. Keep an eye on promotional offers and special events that may provide additional earning opportunities.
Eligibility requirements for store credit cards typically include being at least the age of majority in your province, having a steady income, and a good credit score. Some retailers may have specific requirements, so it's best to check the terms before applying.
