Desjardins Flexi Visa Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • No annual fee
  • Cash back rewards on all eligible purchases
  • Interest rate offers for balance transfers
  • Mobile device insurance up to $1,000
  • Travel insurance coverage and assistance
  • Automatic savings with BONUSDOLLARS rewards program
  • Zero Liability and Purchase Assurance for added security


  • Reduced cash back rate on non-Desjardins partner purchases
  • Need to be a member of Desjardins to apply
  • Balance transfer fee may apply
  • Foreign currency conversion fee of 2.5% on purchases made in a foreign currency
  • Requires good credit score for approval
  • Cash back rewards have expiration dates

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 Flexi Visa has earned a 4.82 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 Flexi Visa are fees and interest.

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 Flexi Visa the most important factors for scoring this card are its fees and interest.


With the Desjardins Flexi Visa, 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 $2,000 per month with the Desjardins Flexi Visa would earn $0 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 Desjardins Flexi Visa is worth up to $0.00, depending on how you redeem.

This $0 in rewards value puts the Desjardins Flexi Visa in the bottom 20% 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 Flexi Visa earns $0 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.

Above, we’ve calculated the earn rate for the Desjardins Flexi Visa for every spend category and compared it to the average for all Canadian credit cards.

For an annual spend of $24,000, we estimated annual rewards value at up to $0.

That’s equivalent to a 0.00% return on spending.

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

This puts it in the bottom 20% of credit cards for net rewards after fees.

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


The Desjardins Flexi Visa has a $0 annual fee.

The average card charges $85. So, the Desjardins Flexi 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 Flexi Visa scored a 0.3 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 Advance10.9%
Balance Transfer10.9%

The average (median) credit card has a purchase interest rate of 19.99% and so the Desjardins Flexi Visa charges 9.09% less than the average.

For cash advances it costs 10.9% compared to the average of 19.96%.

Testing the Desjardins Flexi Visa with a $2,000 starting balance, you can see in the graph how the 9.09% 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 0.0 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 Flexi 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 Flexi Visa credit card offers a straightforward approach to earning rewards while providing various benefits that cater to different consumer needs. In this review, we will take a detailed look at the earning potential, advantages, and disadvantages associated with this card.

Earning potential

The Desjardins Flexi Visa credit card allows users to earn BONUSDOLLARS with each eligible purchase. This card offers 1% cashback in BONUSDOLLARS on net purchases (total purchases minus refunds), without category restrictions.

This straightforward earning potential allows cardholders to accumulate rewards easily on all types of spending.


  1. Low Annual Fee: One of the major advantages of this card is its low annual fee of $35. This low fee allows users to save money when compared to cards with higher annual fees and makes it an accessible option for those looking for a cost-effective way to earn rewards.
  2. Travel Insurance Benefits: The Desjardins Flexi Visa credit card includes essential travel insurance benefits such as emergency healthcare coverage, trip cancellation, and interruption insurance. These benefits provide added peace of mind when traveling and can help guard against unexpected events during a trip.
  3. Mobile Device Insurance: With an increasing reliance on smartphones and other mobile devices, it is essential to have coverage in place in case of accidents or theft. This card provides up to $1,000 in mobile device insurance coverage, helping users save on potential repair or replacement costs.
  4. Roadside Assistance: Cardholders also enjoy complimentary Desjardins Roadside Assistance services. This valuable service includes emergency towing, assistance in case of a flat tire, battery boost, and more, providing drivers with added confidence during their daily commutes or long road trips.


  1. Drawback: A significant drawback of this card is that the BONUSDOLLARS earned can only be redeemed on Desjardins services, such as insurance services or paying down your credit card balance, unlike other rewards programs that give users various redemption options like travel or retail purchases.
  2. Drawback: While the card includes travel insurance, it lacks other travel-related benefits seen on other credit cards, such as travel rewards, priority boarding, or waived baggage fees. For those who travel frequently and seek additional perks, this card may not be the best choice.

Additional information

Desjardins Flexi Visa credit card users can also enjoy additional free services such as purchase protection and a grace period of up to 21 days after the statement date to pay off the balance without incurring interest charges.

These features add value to the overall benefits of the card and make it an attractive option for Canadians looking for a cost-effective rewards card.

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


With the Desjardins Flexi Visa credit card, you can redeem your accumulated BONUSDOLLARS rewards for a wide variety of products and services. Some of the redemption options include:

  • Travel: You can book flights, hotels, car rentals, vacation packages, and cruises through the Desjardins Travel Agency, using your BONUSDOLLARS to cover the cost or as partial payment.
  • Gift Cards: BONUSDOLLARS can be exchanged for gift cards from popular brands and retailers, allowing you to shop at your favorite stores or dine out at preferred restaurants.
  • Merchandise: You can redeem your BONUSDOLLARS for various types of merchandise, such as electronics, home appliances, wellness products, and more, through the Desjardins online catalogue.
  • Financial Products: BONUSDOLLARS can be used to contribute to your Desjardins savings products, such as RRSPs or TFSAs, or to pay down loans and mortgages held at Desjardins.
  • Donations: You have the option to donate your BONUSDOLLARS to a selection of charities supported by Desjardins, converting your reward points into meaningful contributions that make a difference in the lives of others.

In addition to these options, you can also use your BONUSDOLLARS to purchase tickets for various entertainment events or shows, as well as to pay for specific Desjardins services and fees.

The Desjardins Flexi Visa credit card does have foreign transaction fees. Cardholders will be charged a fee for transactions made in a currency other than Canadian dollars.

The foreign transaction fee for the Desjardins Flexi Visa is 2.5% of the converted amount, which is added to the original purchase amount when it is posted to the cardholder’s account.

The Desjardins Flexi Visa credit card does not have a minimum income requirement, making it accessible for a broader range of applicants regardless of their income levels. This feature allows more potential cardholders to take advantage of its benefits.

Key benefits

  • 1% cash back on all eligible purchases
  • 4% cash back on recurring payments
  • 3.99% introductory rate for balance transfers (first 9 months)
  • BONUSDOLLARS rewards redeemable for travel, merchandise, and gift cards
  • Fraud alerts and contactless payment technology
  • Free additional cards for authorized users
  • Delayed and lost baggage coverage, up to $1,000 per trip
  • Access to worldwide airport VIP lounges with Priority Pass membership

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