What’s Better: Presidents Choice Financial World Elite Mastercard vs. Marriott Bonvoy Brilliant American Express Card
Presidents Choice Financial World Elite Mastercard vs. Marriott Bonvoy Brilliant American Express Card. Read on to know the difference and which one is better.
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President’s Choice Financial World Elite Mastercard is the best credit card for Loblaw’s in-store shopping. In 2021, this credit card was considered as the best for Gas + Groceries by RATESDOTCA.
The other credit card on our agenda today is the Marriott Bonvoy Brilliant American Express Card, which is the best for booking hotels. It lets you enjoy property credit up to $100 that you can use against select hotels and specified services.
Let us study these credit cards individually and then do a comparative analysis.
1. President’s Choice Financial World Elite Mastercard
Considered the best credit card for Gas + Groceries, this credit card lets you earn PC Optimum points, which you can redeem at over 4,500 locations across Canada.
Welcome Offer
You can earn 100,000 points worth $100 as a part of the welcome offer.
Let us evaluate this credit card and make you aware of its various conditions and features.
1. Eligibility
| Eligibility Requirements | |
| 1. | You must be a resident of Canada. |
| 2. | To qualify for this credit card, you need to satisfy the following minimum income requirements: Personal Annual income – $80,000 or Household Annual Income – $150,000 |
| 3. | Be a major to get this credit card in your name. This age of the majority may vary from province to province. |
| 4. | Must have a credit score from good to excellent, preferably between 700 and 850 |
2. Annual Fee
- This credit card has no annual fee.
3. Interest Rates
| Nature of Balance | Interest Rate |
| Purchases | 20.97% |
| Cash advances | 22.97% |
The interest-free grace period offered by this credit card is 21 days. You get this on all new purchases.
4. Earn Rate
This credit card allows you to earn PC Optimum points on purchases made via your credit card, explained:
| Eligible Purchases | Cashback |
| Grocery Stores | |
| Travel, Medicine, and Gas | |
| On all other purchases |
5. Exclusive Benefit
Using this credit card can offer you four exclusive benefits. These are:
| Benefits | Description |
| Travel Emergency Medical Insurance | It covers the trips up to 10 days of departure for everyone under 65 years |
| Car Rental Collision/ Loss Damage Waiver Insurance | If someone steals or damages your rental car, you get coverage for up to 31 consecutive days |
| Identity Theft Assistant Service | You can get free information from legal experts in cases of identity theft |
| Concierge Service | You get the concierge services provided by the ASCI (Assurant Services Canada Inc.) |
2. Marriott Bonvoy Brilliant American Express Card
With Marriott Bonvoy Brilliant American Express Card, you earn Marriott Bonvoy Points that you can redeem against hotel and flight bookings, car rentals, resort charges, etc.
Welcome Offer
In the first 3-months, if you use your card to make purchases worth $3,000 – You can earn 75,000 Marriott Bonvoy Bonus Points.
Let us evaluate this credit card and make you aware of its various conditions and features.
1. Eligibility
| Eligibility Requirements | |
| 1. | You must be a resident of Canada. |
| 2. | There is no income requirement associated with this credit card. |
| 3. | Be a major to get this credit card in your name. This age of the majority may vary from province to province. |
| 4. | Must have a FICO score from “good to excellent,” between “690 and 850.” |
2. Annual Fee
- This credit card has a $450 annual fee.
3. Interest Rates
| Nature of Balance | Interest Rate |
| Purchases | 17.99% to 26.99% |
| Cash advances | 27.49% |
4. Earn Rate
This credit card allows you to earn Marriott Bonvoy Points on every $1 spent on your credit card, explained:
| Eligible Purchases | Cashback |
| On booking participating Marriott Bonvoy Hotels | 6X |
| On dining at U.S Restaurants – including takeout and delivery | 3X |
| On flight booking | 3X |
5. Exclusive Benefit
Besides earning points, the Marriott Bonvoy Brilliant American Express Card also offers you the following benefits:
| Benefits | Description |
| Marriott Bonvoy Statement Credit | You can earn statement credits up to $300 a calendar year and $25 per month To get this, you must make eligible purchases at hotels taking part in Marriott Bonvoy |
| Free Night Award | You can stay one night for free in any participating hotel You get this reward after your card renewal month |
| Marriott Bonvoy Property Credit | You get a credit of up to $100 To get this reward you must stay for minimum of two nights at The Ritz-Carlton or St. Regis |
Comparative Analysis
Let us compare some common conditions and features.
| Parameters | President’s Choice Financial World Elite Mastercard | Marriott Bonvoy Brilliant American Express Card |
| Income Condition | Personal Annual income – $80,000 or Household Annual Income – $150,000 | Not Applicable |
| Annual Fee | $0 | $450 |
| Interest Rate: Purchases Cash Advances | 20.97% 22.97% | 17.99% to 26.99% 27.49% |
Out of the three parameters mentioned above, the President Choice Financial World Elite Mastercard scores higher among the two.
Opinion of ExpertbyArea.Money
The Marriott Bonvoy Brilliant American ExpressCard has a high annual fee. Even the interest rate it charges is comparatively higher. Although, if you want to build credit, this card could be the perfect option for you because of the lack of income requirements.
President Choice Financial World Elite Mastercard is an elite card having higher income requirements. You can consider this credit card only for its exclusive benefits and competitive interest rates.
Evaluate your requirements and perform an analysis. Choose the card that better serves your needs.
