Desjardins Cash Back Visa Review

3.00

$0.00

Annual Fee

$294.00

Annual Rewards

N/A

Intro Offer

$0.00

Annual fee

$294.00

Annual rewards

N/A

Intro offer


Pros


  • No annual fee
  • Unlimited cash back rewards
  • 2% cash back on groceries and recurring bill payments
  • 1% cash back on all other purchases
  • Purchase Protection and Extended Warranty
  • Mobile Device Insurance up to $1,000
  • Access to the Desjardins Odyssey Lounge at Montreal-Trudeau Airport

Cons


  • No welcome bonus or promotional offers
  • Low cash back rate on non-grocery and non-recurring bill purchases
  • No travel benefits, such as points or miles
  • Limited insurance coverage compared to other cards
  • Not ideal for individuals with high spending habits

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Desjardins Cash Back Visa, here’s how you earn rewards:

Bills2%
Restaurants / Delivery2%
All Other Spend1%

How much your rewards are worth

The dollar value of your rewards depends on the specific Desjardins Group rewards program and what you choose to redeem your points for.

For Desjardins Cash Back Visa in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Redemption methodAnnual rewards
Apply to statement credit$2.47

Calculating your annual rewards

$24,000.00 annual spending x $1.23% return on spending = $294.00 annual rewards

$294.00 annual rewards – $0.00 annual fee = $$294.00 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score760 – 900
Interest Rates
Purchase19.9%
Cash Advance19.9%
Balance Transfer19.9%
Fees
Extra Card Fee$0
Card typeVisa

Insurance coverage

Extended Warranty1 year
Purchase Protection90 days
Travel Accident10000
Emergency Medical Term3 days
Emergency Medical over 653 days
Trip Cancellation500
Trip Interruption1000
Baggage Delay500
Lost or Stolen Baggage500
Mobile Phone Insurance1000

Desjardins Cash Back Visa Review

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.

Benefit 1: 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.

Benefit 2: 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.

Benefit 3: 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.

Benefit 4: 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.

Drawback 1: 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.

Drawback 2: 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.

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

The Desjardins Cash Back Visa credit card allows you to redeem your accumulated points for cash back. This cash back will be credited directly to your account, which can be used to pay off your credit card balance or make purchases. The simplicity of cash back redemption provides you with flexibility in how you choose to utilize your rewards. Simply accumulate points through your eligible purchases and enjoy the benefits of your Desjardins Cash Back Visa credit card.

The Desjardins Cash Back Visa credit card does charge a foreign transaction fee. When you make a purchase in a foreign currency, this particular card has a foreign transaction fee of 2.5%. This means that when you use your Desjardins Cash Back Visa card for purchases in a different currency than Canadian dollars, an additional 2.5% of the amount is added to the final amount to account for changes in exchange rates and potential fluctuations.

The Desjardins Cash Back Visa credit card does not have a minimum income requirement, making it accessible for applicants with varying income levels.

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

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