If you are a newcomer or international student in Canada, you may wonder if it’s possible to get a PC Mastercard.
The good news is, yes, many newcomers and students qualify for the entry-level PC Financial Mastercard, although there are some important requirements and considerations.
PC Mastercard Eligibility Overview
- No Minimum Income Required for Base Card: The standard PC Mastercard does not have a strict income requirement, making it accessible to those just starting out in Canada, including international students and newcomers.
- Credit Check Required: Approval is still subject to a credit check and other eligibility criteria. PC Financial will review your application details and may assess your financial background, even if you have limited or no established Canadian credit history.
- Canadian Residency Needed: Applicants generally need to be residents of Canada and the age of majority in their province.
- Supporting Documentation: When you apply for the PC Financial Mastercard as a newcomer or international student, you’ll be asked to submit paperwork verifying your identity and residency. This can include passports, visa or study/work permit, and proof of your address in Canada. Make sure your documents are recent and match your application details.
- For a full list of accepted documents and detailed application guidance, see our guide on what documents are needed to apply for your PC Mastercard.
- Credit Building Opportunity: The PC Mastercard can be a great tool for newcomers and students to start building a Canadian credit history, earn rewards on daily purchases, and avoid annual fees.
Practical Scenarios for Newcomers and Students
| Card Type | Minimum Income | Main Requirements | Suitable for International Students? |
|---|---|---|---|
| PC Mastercard (Base) | None | Canadian residency, age of majority, credit check | Yes |
| PC World Mastercard | $50,000 personal / $80,000 household | Higher income, credit check | Unlikely unless high income |
| PC World Elite Mastercard | $80,000 personal / $150,000 household | High income, credit check | Rare, unless meeting income |
- Most international students and newcomers will seek the base PC Mastercard, which offers points, no annual fee, and less stringent eligibility.
- Specialized student cards not offered by PC Financial, but students can apply if they have a Canadian address and valid identification.
Steps for Newcomers and Students to Apply for PC Mastercard
- Ensure you have a Canadian address (proof of residency, such as a lease or utility bill).
- Gather valid identification: Passport, study permit, government-issued ID.
- Be prepared for a credit check: If you have no Canadian credit, you may still be considered based on other factors.
- Apply online or at an in-person kiosk: Follow instructions for supporting documentation carefully.
Once you’ve checked your eligibility, you can start your application online. For a clear, step-by-step process, see our guide on how to apply for the no-annual fee PC Mastercard online.
Key Considerations:
- Approval is not guaranteed: Final decision always depends on overall application and credit approval.
- Building credit: Using the card responsibly (paying on time, keeping balances low) helps you build Canadian credit history.
- Card upgrades: Once you establish credit and income, you may later upgrade to higher-tier PC Financial cards with more rewards.