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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 {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).

The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.

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 {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.

Rewards

With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:

Calculating your annual rewards

We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} 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:

Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.

This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.

The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} 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.

For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.

That's equivalent to a {{total_earn_rate}} return on spending.

The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.

This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.

Fees

The {{card.name}} has a {{card.annualFee}} annual fee.

The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.

Perks

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

The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.

The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.

Interest Rates

The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.

For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.

Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

We scored it {{factor_score_insurance}} out of 5 for insurance.

It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.

Approval and qualifying

We scored it {{factor_score_approval}} out of 5 for approval.

We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.

This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.

The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.

This puts it in the {{decile.personal_income}} of cards by the income required to qualify.

The Desjardins Cash Back Visa credit card offers Canadian consumers an opportunity to earn rewards on everyday spending. In this review, we’ll discuss the earning potential, benefits and drawbacks of this card, and relevant information you need to know before applying.

Earning potential

The Desjardins Cash Back Visa card allows cardholders to earn cash back rewards on their purchases. Cardholders will earn 1% cash back on all regular purchases made with the card and can take advantage of limited-time promotional offers for additional rewards.

Unlike some other credit cards, the Desjardins Cash Back Visa card does not have a tiered reward rate for different categories such as dining, travel, or groceries.

Benefits

1. Simple Rewards Structure: One major advantage of the Desjardins Cash Back Visa card is the simplicity of its rewards structure. There are no complicated tiered or category-based earning rates, making it an attractive option for those who prefer a straightforward cash back rewards program.





2. No Annual Fee: The Desjardins Cash Back Visa card comes with no annual fee, meaning you can enjoy the cash back benefits without having to worry about covering an annual cost.





3. Mobile Device Insurance: Cardholders can enjoy mobile device insurance included with this card. This feature provides coverage for eligible smartphones and tablets in the case of theft or accidental damage, offering peace of mind to users who rely heavily on their devices.





4. Contactless Payment Options with Visa PayWave: Cardholders will also have access to convenient contactless payment options with Visa payWave, allowing for touch-free transactions at participating retailers. This can be particularly useful in times when minimizing physical contact is a priority.

Drawbacks

1. Drawback: One notable drawback of the Desjardins Cash Back Visa card is its relatively low cash back rate of 1%. Compared to other cash back cards on the market that offer higher rewards rates, this could be a potential downside for some consumers.





2. Drawback: The Desjardins Cash Back Visa card does not provide additional rewards or benefits within popular spending categories such as dining, travel, or groceries, which can hinder earning potential for users who spend heavily in these areas.

Additional information

In conclusion, the Desjardins Cash Back Visa credit card is a suitable option for Canadians who prefer a simple and no annual fee cash back rewards structure. However, users looking for higher rewards rates or category-specific benefits may want to explore other options in the market.

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

FAQ

Key benefits

• 19.9% interest rate on purchases





• 21.9% interest rate on balance transfers and cash advances





• $0 annual fee for primary cardholder





• Additional cards available at no extra cost





• Card equipped with Visa payWave for secure, contactless payments





• Online account management tools and services





• Eligibility for Desjardins Member Advantages program





• Secure, no-liability fraud protection





• Accepted at millions of locations worldwide





• Collaboration with Visa partners for exclusive perks and offers