Desjardins Bonus Visa Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • No annual fee
  • Bonus rewards on everyday purchases
  • Automatic enrollment in Desjardins BONUSDOLLARS program
  • Purchase Protection and Extended Warranty
  • Mobile Device Insurance coverage
  • Desjardins Visa e-Deposit Alerts


  • Lower rewards rate compared to some competitors
  • Limited travel benefits
  • BONUSDOLLARS cannot be redeemed for cash
  • Rewards redemption may be less flexible for non-Desjardins members

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The Desjardins Bonus Visa has earned a 4.67 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).




Interest rates




The highest scoring categories for the Desjardins Bonus Visa are fees and insurance.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the Desjardins Bonus Visa the most important factors for scoring this card are its fees and insurance.


With the Desjardins Bonus Visa, here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Specific Stores1%
All Other Spend1%

Calculating your annual rewards

We estimate that spending $2,000 per month with the Desjardins Bonus Visa would earn $306 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

All Other Spend$174

Our study investigating the value found that each dollar spent on the Desjardins Bonus Visa is worth up to $0.01, depending on how you redeem.

This $306 in rewards value puts the Desjardins Bonus Visa in the bottom 50% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the Desjardins Bonus Visa earns $306 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Above, we’ve calculated the earn rate for the Desjardins Bonus Visa for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Redeem for travel$306
Gift cards$294
Movie rewards$306
Desjardins financial products$306

For an annual spend of $24,000, we estimated annual rewards value at up to $306.

That’s equivalent to a 1.28% return on spending.

The Desjardins Bonus Visa has an annual fee of $0. After deducting this, we predicted net annual rewards of $306.

This puts it in the top 50% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.


The Desjardins Bonus Visa has a $0 annual fee.

The average card charges $85. So, the Desjardins Bonus Visa is in the bottom 50% of cards based on the cost of the annual fee.


We manually review the perks of each credit card to determine how they compare to other cards.

The Desjardins Bonus Visa scored a 1.4 out of 5 for perks, putting it in the bottom 50% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Cash Advance19.9%
Balance Transfer19.9%

The average (median) credit card has a purchase interest rate of 19.99% and so the Desjardins Bonus Visa charges 0.09% less than the average.

For cash advances it costs 19.9% compared to the average of 19.96%.

Testing the Desjardins Bonus Visa with a $2,000 starting balance, you can see in the graph how the 0.09% less in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days
Emergency Medical Term3 days15 days
Trip Cancellation$500$1,500
Trip Interruption$1,000$2,000
Baggage Delay$500$500
Mobile Phone Insurance$1,000$1,000

We scored it 3.9 out of 5 for insurance.

It offers 7 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$0
Household Income$0
Annual Fee$0
Extra Card Fee$0
Card typeVisa

We scored it 3.0 out of 5 for approval.

We predict that you will require a credit score of at least 660 to qualify for the Desjardins Bonus Visa, while the average card requires 652 to qualify.

This puts it in the top bottom 50% of cards by approval difficulty.

The personal income requirements are $0, while the average card requires $23,896.

This puts it in the top 50% of cards by the income required to qualify.

The Desjardins Bonus Visa credit card is a rewards-oriented card option that allows cardholders to take advantage of an array of benefits. In this review, we will discuss the card’s earning potential, outline its four main advantages, detail two significant drawbacks, and provide any other relevant information for those considering this card.

Earning potential

With the Desjardins Bonus Visa credit card, cardholders earn points known as BONUSDOLLARS on their purchases. For every dollar spent, cardholders earn 1% back in BONUSDOLLARS. This simple earning structure applies to all spending categories, which means there are no specific rates for dining, travel, groceries, or other categories.


  1. Welcome Bonus (Up to 3% Cash Back for the First Three Months): The first major advantage of the Desjardins Bonus Visa card is its welcome bonus. New cardholders can enjoy a promotion that currently offers up to 3% cashback in BONUSDOLLARS for the first three months (up to the first $2,000 spent).

    This promotional rate allows users to accumulate BONUSDOLLARS even faster during the introductory period.
  2. Comprehensive Travel Insurance Coverage: The second major advantage of this card is the comprehensive travel insurance coverage. Cardholders receive coverage for travel medical emergencies, trip interruption/cancellation, baggage theft or delay, rental car collisions or damages, and more.

    This can save users significant money and provide peace of mind when traveling.
  3. Access to Exclusive Discounts and Privileges via Visa Benefits: The third major advantage of the Desjardins Bonus Visa card is the access to exclusive discounts and privileges through the Visa Benefits platform. Users can enjoy various offers, such as discounts on car rentals, dining, and leisure activities.

    These perks can help cardholders save money and enhance their overall experiences.
  4. Compatibility with Mobile Payment Platforms: The fourth major advantage of this card is its compatibility with mobile payment platforms. Cardholders can use the Desjardins Bonus Visa credit card with most major mobile payment systems, including Apple Pay, Google Pay, and Samsung Pay.

    This compatibility offers convenience and flexibility for making purchases on the go.


  1. Lack of Bonus Categories for Earning Rewards: A significant drawback of the Desjardins Bonus Visa credit card is the lack of bonus categories for earning rewards.

    While its 1% back on all purchases is straightforward, it doesn’t provide extra incentive for users to spend in specific categories, such as dining or travel, which some other reward-based credit cards offer.
  2. Annual Fee of $50: Another significant drawback of this card is the $50 annual fee. While not exorbitant, users who are looking for a no-fee rewards card may find the annual fee a deterrent. It’s essential for potential cardholders to weigh the benefits and rewards against this cost to determine if it’s the right fit for them.

Additional information

In conclusion, the Desjardins Bonus Visa credit card provides a straightforward rewards structure and several appealing benefits, particularly for those who travel frequently or enjoy the convenience of mobile payment options.

However, the card may not be the best fit for those seeking higher or category-specific earning rates or those who want to avoid an annual fee. As always, potential users should carefully evaluate their spending habits and preferences to determine if this card aligns with their needs.

Interested in other credit cards? Canadians that like the Desjardins Bonus Visa credit card also like the Desjardins Flexi Visa. If you’re looking for other options you should consider the Desjardins Cash Back Mastercard, and the Desjardins Odyssey World Elite Mastercard.


The Desjardins Bonus Visa credit card allows cardholders to redeem their points for a variety of rewards, including:

  • Travel: You can redeem your points for flights, hotels, car rentals, cruises, and vacation packages through Desjardins’ travel agency partner, Voyage à la carte.
  • Gift Cards and Merchandise: Use your points to shop from an extensive selection of popular retailers’ gift cards and brand-name merchandise, available through the BONUSDOLLARS Rewards Program catalogue.
  • Financial Products: Cardholders can put their points towards various financial products and services offered by Desjardins, such as mortgages, loans, lines of credit, RRSP contributions, and eligible investment funds.
  • Charitable Donations: You can also choose to donate your points to charity as a meaningful and socially responsible way to use your rewards.

The Desjardins Bonus Visa credit card charges a foreign transaction fee of 2.5% on transactions made in a foreign currency. This fee applies anytime you make a purchase or complete a transaction using a currency other than Canadian dollars.

The Desjardins Bonus Visa credit card does not have a minimum income requirement, making it accessible to a wide range of applicants regardless of their income level.

Key benefits

  • Interest Rate: 19.9% for purchases, cash advances, and balance transfers
  • Foreign Currency Conversion: 2.5% fee on transactions made in a foreign currency
  • Cash Advance Fee: $5 or 1% of transaction value, whichever is higher
  • BONUSDOLLARS rewards: Earn 1% on eligible purchases, up to $5,000 per year
  • Rewards Cap: BONUSDOLLARS capped at $75 annually
  • Purchase Protection: 90-days protection against theft and damage for eligible items
  • Extended Warranty: Doubles manufacturer’s warranty, up to 1 additional year
  • Mobile Insurance: Covers smartphones for up to $1,000 per claim
  • Visa Pay with Points: Option to use BONUSDOLLARS to pay for purchases at select retailers
  • Eligibility Criteria: Must be a Canadian resident with a valid Social Insurance Number

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