PC Money – A New Prepaid Mastercard Is Here From PC Financial

PC Money – a new prepaid Mastercard from PC Financial – has landed. It’s not only a prepaid credit card, it also includes a basic bank account.

Here are all the features of this new prepaid Mastercard, and some alternatives to consider.

PC Money account details

Here are the major details about the PC Money account. There’s quite a bit to unpack, so let’s get started.

Earn PC Optimum points on all of your purchases

First, if you use your PC Money account, you can earn PC Optimum points on all of your purchases. You’ll earn 5 regular points plus 5 bonus points per $1 spent on all of your purchases, for a total of 10 points per $1 spent. That’s a 1% return on your purchases.

There’s also a great welcome bonus with this card. You can earn up to 50,000 bonus PC Optimum points when you set up a new PC Money account for completing various actions:

• 10,000 points when you make your first purchase,
• 10,000 points when you link a bank account to your PC Money account,
• 25,000 points when you set up automatic payroll or pension direct deposit, and complete 3 deposits in 3 consecutive months, and
• 1,000 bonus points for each of 5 bill payments of $50 or more to unique payees.

No account fees

There are no fees for having a PC Money account and no minimum deposit required. There’s also no limit to the number of transactions you make on your card. Each and every one is free, including Interac e-Transfers.

Pay bills from your account

Since it works like a bank account, you’ll be able to pay any bills using PC Money.

Free ATM withdrawals

Need to get some cash from your account? You’ll pay no fees for withdrawing cash from PC Financial ATMs, which are located inside many Loblaws stores.

Optional overdraft protection

Should you need it, you can get overdraft protection for this account. The fees only apply when you actually use it.

The PC Money Mastercard in a nutshell

There you have it, a new prepaid Mastercard in the Canadian market.

What are your thoughts on this new prepaid card?

Let us know in the comments below.