PC Financial World Elite MasterCard $20 + $75 Gift Card Freebie

Recently, I wrote about how the PC Financial World Elite MasterCard is perhaps the best no annual fee grocery credit card out there.  It offers 3% cash back when shopping at Loblaws group of stores  (Loblaws, Dominion in NL, Real Canadian Super Store, No Frills, PC Mobile, and Shoppers Drug Mart).  You can redeem $20 at a time towards products in their group of stores. For Loblaws shoppers out there, this card is a winner, especially since it doesn’t have an annual fee.

So what’s the freebie?  If you sign up through Rate Supermarket, for a limited time get 20,000 PC points sign-up bonus which is equivalent to $20 in free groceries PLUS a $75 gift card towards select retailers -Starbucks, Cineplex, Cara Restaurants (Swiss Chalet, Montanas, Milestones etc) or iTunes.  More details here.

Weekend Reading

TransUnion says that almost a million Canadians wouldn’t be able to withstand a 1% rate hike.   Thoughts?

Dividend investor extraordinaire John Heinzl reports that his dividend growth portfolio is still going strong after 4 years.

Canadian fertilizer giants Potash and Agrium have agreed to merge.  I own both companies, and I’m on the fence on how I feel about this.

BNN reports that half of working Canadians are living paycheque to paycheque.  Does this statistic surprise you?

In other merger news, Enbridge is buying out Spectra Energy.  This will make Enbridge the 4th biggest company on the TSX.

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  1. Chris on September 16, 2016 at 3:04 pm

    Regarding the Transunion issue, I personally don’t buy it, although I haven’t seen the actual numbers they used to make this “prediction”. I think that the vast majority of people would easily shift spending somehow if rates went up by .25% and would find the extra cash needed. Also, aren’t the vast majority of loans either mortgages, car payments or credit cards?? Most mortgages in Canada are fixed rate I believe, so no issue until renewal – plenty of time to figure out where to find a few extra bucks. Car payments I believe are also largely fixed. Credit card interest rates are already so high that an extra quarter point wouldn’t make much difference, and most card companies would likely not change their rates anyhow. So personally I think this is a lot of smoke and not much fire. If interest rates started popping up by a quarter or half percentage at every meeting, then sure, a large number of people might get caught. But when they eventually decide to go up a quarter point and then likely hold a bit etc. I think the change will be gradual enough that all but the unprepared and unlucky will manage fine.

  2. Brad Ferris on September 17, 2016 at 1:44 pm

    Hey MDJ,

    I wonder how many more weekly reports we’ll get about debt levels before we actually see change. Seems there is a report each week either about the housing market or debt levels.

    • FrugalTrader on September 17, 2016 at 1:54 pm

      Brad! Super long time no talk! So true about the doom and gloom on the level of debt. I’m interested to see the outcomes once interest rates normalize. How is your investing journey going?

  3. L on September 19, 2016 at 12:24 pm

    Thanks for the PC deal. I’ve been wanting to sign up for the credit card and was hoping for a bonus offer so I just sent my application. Thank you!

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