Desjardins Cash Back World Elite Mastercard Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • Comprehensive Travel Insurance Coverage
  • 4% Cash Back on Groceries
  • 3% Cash Back on Gas, Transit, and Streaming Services
  • 2% Cash Back on all other purchases
  • No Annual Fee for the first year
  • Access to Desjardins Odyssey Airport Loungest
  • Mobile Device Insurance up to $1,000


  • Annual Fee of $120 after the first year
  • High Minimum Income Requirement ($80,000 individual or $150,000 household)
  • Limited to Canadian residents only
  • Cash Back rewards are paid annually
  • Limited reward redemption options
  • No introductory promotional offer

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 Cash Back World Elite Mastercard has earned a 4.06 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 Cash Back World Elite Mastercard are insurance and rewards.

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 Cash Back World Elite Mastercard the most important factors for scoring this card are its insurance and rewards.


With the Desjardins Cash Back World Elite Mastercard, 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 Cash Back World Elite Mastercard would earn $468 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$156

Our study investigating the value found that each dollar spent on the Desjardins Cash Back World Elite Mastercard is worth up to $0.02, depending on how you redeem.

This $468 in rewards value puts the Desjardins Cash Back World Elite Mastercard in the top 40% 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 Cash Back World Elite Mastercard earns $468 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 Cash Back World Elite Mastercard for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Apply to statement credit$796

For an annual spend of $24,000, we estimated annual rewards value at up to $468.

That’s equivalent to a 1.95% return on spending.

The Desjardins Cash Back World Elite Mastercard has an annual fee of $100. After deducting this, we predicted net annual rewards of $368.

This puts it in the top 30% of credit cards for net rewards after fees.

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


The Desjardins Cash Back World Elite Mastercard has a $100 annual fee.

The average card charges $85. So, the Desjardins Cash Back World Elite Mastercard is in the top 40% 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 Cash Back World Elite Mastercard scored a 0.4 out of 5 for perks, putting it in the bottom 20% 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 Cash Back World Elite Mastercard charges 0.09% less than the average.

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

Testing the Desjardins Cash Back World Elite Mastercard 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
Emergency Medical over 653 days4 days
Trip Cancellation$500$1,500
Trip Interruption$1,000$2,000
Baggage Delay$500$500
Lost or Stolen Baggage$500$1,000
Rental Car Theft & DamageYesNo
Mobile Phone Insurance$1,000$1,000

We scored it 4.3 out of 5 for insurance.

It offers 10 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score760 – 900
Personal Income$80,000
Household Income$150,000
Annual Fee$100
Extra Card Fee$0
Card typeVisa

We scored it 2.5 out of 5 for approval.

We predict that you will require a credit score of at least 760 to qualify for the Desjardins Cash Back World Elite Mastercard, while the average card requires 652 to qualify.

This puts it in the top top 10% of cards by approval difficulty.

The personal income requirements are $80,000, while the average card requires $23,896.

This puts it in the top 10% of cards by the income required to qualify.

The Desjardins Cash Back World Elite Mastercard offers an attractive earning potential for cardholders, mainly due to its generous cash back rates on a variety of spending categories.

With this credit card, users can enjoy earning 4% cash back on groceries, 3% on entertainment and restaurant purchases, 2% on public transit, gas, and recurring bill payments, and finally, 1% on all other purchases. This tiered cash back system makes the card a versatile option for daily expenses.


  1. Comprehensive Insurance Coverage: The first major advantage of the Desjardins Cash Back World Elite Mastercard is the comprehensive insurance coverage that comes with the card.

    Cardholders enjoy extended warranty and purchase protection, travel medical insurance, trip cancellation/interruption insurance, baggage insurance, and auto rental collision/loss damage insurance, providing substantial value to travelers.
  2. Mastercard World Elite Program: The second major advantage is a suite of exclusive benefits available through the Mastercard World Elite program. Cardholders have access to services like the Luxury Hotels & Resorts Portfolio, personal travel advisors, and exclusive offers for entertainment, dining, and shopping experiences.
  3. Easy Cash Back Redemptions: The third major advantage of this card is the easy cash back redemptions. Desjardins allows users to redeem cash back as a statement credit, making it convenient to access and use the rewards earned with this card.
  4. 24/7 Concierge Service: The fourth major advantage of this card is a concierge service available 24/7 to assist with travel planning, dinner reservations, or event ticket purchases. This premium service emphasizes the exclusivity and upscale nature of the card.


  1. Drawback: A significant drawback of the Desjardins Cash Back World Elite Mastercard is the relatively high annual fee of $130. This fee may not be favorable for individuals with limited spending or those who may not fully take advantage of the card’s benefits.
  2. Drawback: Another significant drawback is that this card requires a minimum annual income of $80,000 (or a combined household income of $150,000). This requirement might make it difficult for some potential users to qualify for the card.

Additional information

In conclusion, the Desjardins Cash Back World Elite Mastercard offers a competitive combination of high cash back rewards, comprehensive insurance coverage, and valuable World Elite benefits.

Though it does come with a somewhat high annual fee and strict income requirements, the card is a solid choice for Canadians seeking a rewarding cash back credit card experience, especially those who enjoy travel and value premium service offerings.

Interested in other credit cards? If the Desjardins Cash Back World Elite Mastercard credit card isn’t perfect for you, you might want to consider the Desjardins Odyssey Visa Infinite Privilege. Plus, many Canadian’s that like the Desjardins Cash Back World Elite Mastercard like the Desjardins Odyssey World Elite Mastercard, and the Desjardins Cash Back Visa.


With the Desjardins Cash Back World Elite Mastercard, you can redeem your cash back rewards in multiple ways. You can choose to apply your cash back directly to your account balance, contributing towards reducing the outstanding amount.

Additionally, you can opt to deposit the cash back into your Desjardins savings account, or use it to make a contribution to your Desjardins term savings product, such as a term savings-i or an RRSP/TFSA.

This flexibility in cash back redemption allows you to use your rewards in a way that best suits your financial goals.

The Desjardins Cash Back World Elite Mastercard charges a foreign transaction fee of 2.5% on all purchases made in a foreign currency. This fee applies when you use your credit card for transactions outside of Canada or when shopping online with foreign merchants.

It’s important to include this cost when considering this credit card for international purchases or online shopping from non-Canadian websites.

The Desjardins Cash Back World Elite Mastercard has a minimum income requirement of $80,000 for an individual applicant and $150,000 for a household. These income requirements must be met to be eligible for the card.

Key benefits

  • World Elite Mastercard Privileges
  • Roadside Assistance Program
  • Travel and Medical Insurance Coverage
  • Purchase Protection and Extended Warranty
  • Concierge Service Access
  • Security with Zero Liability and Contactless Payment
  • Enriched Odyssey Gold Reward Program
  • No Fee for Additional Cardholders
  • Balance Transfer and Cash Advance Options
  • Desjardins BONUSDOLLARS Rewards Program
  • 24/7 Fraud Monitoring and Notifications
  • Online Access to Account Statements and Information

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