President’s Choice Financial Charge on Credit Card

Have you noticed a charge labeled Presidents Choice Financial on your credit or debit card statement and aren’t sure what it’s for? You’re not alone. Many consumers encounter unfamiliar charges from financial services or associated retailers. Here’s what the charge likely means and what you can do if you don’t recognize it.

What Is the Presidents Choice Financial Charge on Your Financial Statements?

President’s Choice Financial (PC Financial) is a Canadian financial services provider offering products such as credit cards, banking services, insurance, and rewards programs. It’s closely linked to the Loblaw Companies family of stores (including Real Canadian Superstore, Loblaws, Shoppers Drug Mart, and others).

If you hold a PC Financial Mastercard, bank account, or have purchased products through PC Financial services or affiliates, charges on your statement may appear as President’s Choice Financial.

Possible Explanations for the Charge

PC Financial Credit Card Payments or Fees
- If you own a PC Mastercard, the charge may represent your monthly credit card payment, account fees, interest charges, or other service-related charges.
PC Insurance or Financial Services
- Charges related to auto, home, travel, or pet insurance provided by PC Financial may appear under this descriptor.
PC Optimum-Related Purchases or Subscriptions
- Certain fees or transactions associated with the PC Optimum loyalty program, including premium subscriptions or special offers, might show up as President’s Choice Financial.
Unauthorized or Fraudulent Activity
- If you don’t have any relationship with PC Financial and never authorized such a charge, it could indicate unauthorized or fraudulent use of your card.

What to Do If You Don’t Recognize the Charge

If you’re uncertain about the origin of the President’s Choice Financial charge, follow these steps:

1. Review Your Recent Transactions and Accounts

Check PC Financial Account: Log into your PC Financial account to review recent statements or payments.
Review Emails & Receipts: Search for email confirmations or billing notifications from PC Financial around the date of the charge.

2. Contact President’s Choice Financial Customer Support

For clarification on your charges, you can directly contact PC Financial:

Website: pcfinancial.ca
Customer Support Phone Number:
- PC Mastercard: 1-866-246-7262
- PC Money Account: 1-866-246-7262
- PC Insurance: 1-877-251-8656

3. Consult Your Financial Institution

Report the Charge: If you believe the charge is unauthorized, immediately contact your bank or credit card issuer to dispute the charge.
Fraud Protection: Ask about setting up security alerts or additional monitoring.
Request a New Card: If fraud is confirmed, obtaining a replacement card can prevent further unauthorized transactions.

Share Your Experience and Help Others

We encourage you to share your experiences regarding the President’s Choice Financial charge in the comments below. Consider discussing:

How you discovered the charge
Any interactions you had with PC Financial customer service
Steps you took to resolve the issue

Your feedback can greatly help others facing similar situations.

Frequently Asked Questions

Is the President’s Choice Financial charge legitimate?

In most cases, yes. Charges labeled President’s Choice Financial generally represent legitimate payments or fees related to PC Mastercard, PC Money accounts, PC Optimum services, or PC insurance. However, if you’re unsure, always verify by reviewing your account statements or contacting customer support.

How do I confirm the President’s Choice Financial charge is mine?

Log into your PC Financial account online, review your recent transactions, or directly call PC Financial customer service to clarify the charges.

What should I do if I suspect the charge is fraudulent?

Immediately contact your bank or credit card issuer to dispute the charge. They will guide you through the necessary steps and may issue a new card if fraud is confirmed.

Why Trust ChargeOnMyCard.com?

At ChargeOnMyCard.com, we aim to clarify confusing billing descriptors. Our user-generated database provides insights to help consumers identify unknown charges and take appropriate action.

Disclaimer

ChargeOnMyCard.com is an independent platform and is not affiliated with President’s Choice Financial or any other entities mentioned. Information provided is for educational purposes, based on user feedback and experiences. Always verify any unfamiliar charges directly with your financial institution or the service provider.

Note: If you have direct experience with President’s Choice Financial, please share your insights in the comments. Your contribution helps others understand and resolve similar charges.