Presidents Choice Financial MASTERCARD Consumer Reviews

PC master card reduced my credit limit four times in four months as I paid off the balance. Due to this, my utilization ratio did not improve and my credit score did not regain much and I became ineligible for good credits. I had utilized 95% of my PC credit card for two months as I need money, and this resulted in my credit score falling by more than 200 points. Since then I paid off most of my balance in PC credit card, and they reduced my credit limit to the amount I paid off straight for four months. Now I have the balance of about 700, and my limit is reduced to 1000. I had about 4900 balance last month, my credit limit was 5300. I had around 5800 balance two months ago and my credit limit was reduced to 6300. Three months ago my balance was 6800, my credit limit was reduced to 7100... Due to this, my credit score has not improved as my utilization remained high. PC employed predatory tactics so that customer pays more interest and becomes ineligible for good credit products. Due to PC tactics, I could not become eligible for low-interest balance transfer cards and I had to pay PC huge amounts in interest, which I would have avoided if PC did not reduce balance so many times to the amount I paid off. PC should advertise about its behaviour, this is not typical behaviour of any credit card companies across the world. PC should apologize before customers like me for spoiling credit history and financial wellbeing. PC should not attract people in grocery shops and cause misery to people.

This was one of my favourite credit cards until they did this to me. I hadn't received a statement in a while, so decided to log in and check, but I couldn't log in...I got something about fraud prevention and that I need to re-certify my login by doing some reset of password and them sending me an authentication id. Tried this, failed, got locked out, told to try in 10 mins, 2 hours, and then 2 days...that's when I asked to speak to a supervisor or manager. Turns out they have switched something over, said they sent me an Email about it, which I never received...in this switchover they also reset all notification settings to blank, and that's why I never received a reminder that my balance was due on Nov 7...but it was on Nov 15 that this nightmare began for me. So I paid my bill and was told that after interest rate charges show up on my account that I should call them back about it. A few mistakes they made here...number 1. They say they sent an Email, but because this is MONEY, they should have put a CLICK TO CONFIRM in that Email to ensure two-way communication was achieved successfully...number 2. Zapping notifications was a mistake that could have been avoided if a seamless transition and true customer care was a concern in their switchover. Even if they remove interest charges, this episode makes me rethink who I am doing business with. On the subject to money, I have a zero tolerance for incompetence, which I think was demonstrated here. Customer service is the one and only way that I evaluate a company, 'nuff said.

I have had my PC Mastercard for over 10 years and, unfortunately, have carried a balance for a lot of that time. I used the card while I was in school and the balance increased to the limit at the time, which was $3500. As I wasn't able to pay down enough to make a dent, so I asked for a credit limit increase to $4500 and was approved. Unfortunately, it still reflected $3500 on my dashboard and I wanted to make sure they increased it as interest was due and would push me over. Sure enough, they put the interest on before updating my limit and then raised my rate to 25%. This was over 2 years ago. Since then I consistently made monthly payments, for well over the minimum, but the interest at 25% really hits the balance. I was informed by 2 other banks that after 6 months of consecutive minimum payments, they are supposed to lower the rate back to 19%, but they refuse. They simply continue to steal money and overcharge with no rhyme or reason. They are totally corrupt and are essentially glorified thieves stealing money and refusing to show any concern or respect for a long serving customer. Meanwhile, I have paid off my $13000 student loan in 5 years by making $200 payments a month, but this card continues to be a cloud. AVOID PC MASTERCARD. They are just a bunch of useless dirtbags and will eventually disappear into oblivion

I got my PC master Card hacked and 2 transactions appeared at the same place: addiction house treatment in Kitchener basically at the same time that I was in the mall updating my cell phone. I called the customer service and they said they can’t do anything because the “purchase” was made with my card and PIN number. They cloned my card for sure, but customer service just say that their card is impossible to be hacked. Just got the card blocked and waiting for the last bill to cancel the PC credit card for good, PC master card, never again. Back to TD Visa, where the customer service works!

It was all fine and I enjoyed the rewards until they switched to Optimum and there was no way to connect and no online help. Mastercard cut. So deceptive in that at first they give you rewards but then no way to get them.

I have had a very frustrating experience over the past few days with PC. I applied and was accepted for a PC MasterCard...the points incentive was very exciting for me as I own a small business and often make large purchases monthly. The card (and sister card for my partner) came in the mail 7 business days after the application was sent, approving me for an available $12,000 credit. I called and activated both cards, made about 4 or 5 purchases over a weekend, and then a final large purchase over $1500 on Monday. On my way home, I went to stop for a coffee and saw my card was declined. Thinking maybe the account had been flagged due to the big purchase, I called to clear up whatever was going on. The representative I spoke with then told me my account had been frozen, and that I needed to pay back half of what was owing on the card (about $1000) and send in a photo of my utility bill and a drivers license to re-activate the account. Now...this has been 3 DAYS of purchases. Not a month. Not a week. 3 DAYS. I asked over and over again WHY this was happening, and she said the application department needed to review my status. A very vague way of saying "we screwed up, and now we need to hold your account and you need to pay the money back". My partner's card was also frozen, which means we both are now left without a credit card for...how long? When I asked how long this process would take to rectify IF I DID pay the $1000 they were requesting, I was told anywhere from 5-7 business days for the documents to be viewed, and another 5-7 business days for the card to be re-activated. Now, as a business, I can assure you that I can't wait around for 3-4 weeks to be able to purchase merchandise and services. This experience has been a horrible hassle, and when my money is paid off, I will be cancelling this card. I've applied for another credit card in the meantime...but I am SOOO unhappy with how they treated me as a new customer, and how unhelpful they were in answering my questions.

I got the MasterCard because I worked at a Shoppers and they had the transfer over while I was there. Now that I don’t work there, it’s useless. Their groceries are way more than anywhere else, customer service is a joke. I can’t take money out. I’ve only missed one payment in a year of only $50 and they completely froze my account. What?! I’ve always paid early and once I pay this off, I’m cancelling and throwing it in a fire. The first customer service guy I talked to was calm but kept going in circles and didn’t answer my questions other than told me he couldn’t help. Asked to talk to a manager and he was useless. Didn’t even try. I’m done

25-30 minutes waiting time each time I call customer service. I only use this Mastercard at selected grocery stores for points. Points are the only reason I have this card. If Costco had all grocery items, I would have shopped there to get 2% back instead of using PC Mastercard. Many years ago, my card was hacked, they had accused me of some charges and had made my life miserable for a few months. Customer service is simply horrible, this card and Canadian Tire Mastercard. Lesson: Never again subscribing for any store-based credit card.

I had a PC Financial card for almost three years and used it and paid in full every two weeks. Went to use my card and it was declined. Thought it was the credit machine, tried at a different store and still the same. Called customer service and my card was cancelled due to it being compromised. Now, this supposed compromise happened in July and here we are in September, no phone call to tell me and if it was compromised, why would it not being cancelled then and not 2 1/2 months after. Was told a new card was sent which I didn’t receive, but I sure get a lot of calls to increase my credit limit! Cancelled the card immediately, not worth the 10 dollars a month towards groceries