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{{card.name}} Review
![\"\"](\"https://www.dollarwise.ca/wp-content/uploads/2023/06/Desjardins-Odyssey-World-Elite-Mastercard.png\")
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Annual Fee
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Annual Rewards
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Intro Offer
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Annual fee
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Annual rewards
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Intro offer
Pros
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Cons
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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 {{card.name}}, here's how you earn rewards:
| Bills | {{reward_bills}} |
| Pharmacy | {{reward_drug}} |
| Gas | {{reward_gas}} |
| Groceries | {{reward_grocery}} |
| Restaurants / Delivery | {{reward_restaurant}} |
| Specific Stores | {{reward_store}} |
| Travel | {{reward_travel}} |
| All Other Spend | {{reward_other}} |
How much your rewards are worth
The dollar value of your rewards depends on the specific {{issuer_short}} rewards program and what you choose to redeem your points for.
For {{card.name}} in particular, if you spend {{monthlyspend}} per month, here's our estimated rewards earned depending on which reward you choose:
| Redemption method | Annual rewards |
|---|---|
| Transfer to partner airlines | {{transfer_airlines}} |
| Fixed points travel | {{fixed_points_travel}} |
| Transfer to partner hotels | {{transfer_hotel}} |
| Redeem for travel | {{redeem_travel}} |
| Apply to statement credit | {{statement_credit}} |
| Ticketmaster | {{ticketmaster}} |
| Charity | {{charity}} |
| Gift cards | {{gift_cards}} |
| Amazon.ca | {{amazon}} |
| Merchandise | {{merchandise}} |
| Make investments | {{investments}} |
| Enjoy experiences | {{experiences}} |
| Car rentals | {{car_rental}} |
| Vacations | {{vacation}} |
| Attractions | {{attractions}} |
| Cash rewards | {{cash_rewards}} |
| Grocery rewards | {{grocery_rewards}} |
| Restaurant rewards | {{restaurant_rewards}} |
| Movie rewards | {{movie_rewards}} |
| Apple / BestBuy | {{apple_bestbuy}} |
| Flight rewards | {{flight_rewards}} |
| Airlines Rewards (Charts) | {{airlines_rewards_chart}} |
| CIBC financial products | {{cibc_financial_products}} |
| Air travel - redemptions (scheduled) | {{air_travel_redemptions_schedule}} |
| RBC travel | {{rbc_travel}} |
| Transfer to WestJet | {{transfer_westjet}} |
| Transfer to Hudson Bay | {{transfer_bay}} |
| RBC financial products | {{rbc_financial_products_rewards}} |
| Air Canada gift cards | {{aircanada_gift_card}} |
| Air Canada vactions | {{air_canada_vacations}} |
| Electronics gift cards | {{electronics_gift_cards}} |
| Cash - World Elite | {{cash_worldelite}} |
| Cash - Platinum Plus | {{cash_platinumplus}} |
| Banking plans | {{banking_plans}} |
| Desjardins financial products | {{desjardins_financial_products}} |
| Expedia travel | {{expedia_td}} |
| Educational rewards | {{education_rewards}} |
| HSBC financial products | {{hsbc_financial_products}} |
| Walmart | {{walmart_rewards}} |
| Triangle (Canadian Tire) | {{triangle_rewards}} |
| Meridian travel | {{meridian_travel}} |
| Direct deposit | {{direct_deposit_rewards}} |
| Costco gift cards | {{costco_gift_cards}} |
| Wireless Rogers rewards | {{wireless_rogers_rewards}} |
| 1 Rogers rewards | {{1_roger_rewards}} |
| Other Rogers rewards | {{other_roger_rewards}} |
| Other 1 Rogers rewards | {{other_1_roger_rewards}} |
Calculating your annual rewards
{{annualspend}} annual spending x {{max_earn_rate}}% return on spending = {{total_net_rewards}} annual rewards
{{total_net_rewards}} annual rewards - {{card.annualFee}} annual fee = ${{net_after_fee}} net annual rewards
Details and eligibility
| Do I qualify? | |
|---|---|
| Estimated Credit Score | {{credit_score_low}} - {{credit_score_high}} |
| Personal Income | {{personal_income}} |
| Household Income | {{household_income}} |
| Interest Rates | |
|---|---|
| Purchase | {{purchase_interest_rate}}% |
| Cash Advance | {{cash_advance_interest_rate}}% |
| Balance Transfer | {{balance_transfer_interest_rate}}% |
| Fees | |
|---|---|
| Annual Fee | {{card.annualFee}} |
| Extra Card Fee | $0 |
| Card type | {{card_type}} |
Insurance coverage
| Extended Warranty | {{warranty}} |
| Purchase Protection | {{purchase_protection}} |
| Travel Accident | {{travel_accident}} |
| Emergency Medical Term | {{emergency_medical_term}} |
| Emergency Medical over 65 | {{emergency_medical_65}} |
| Trip Cancellation | {{trip_cancellation}} |
| Trip Interruption | {{trip_interruption}} |
| Flight Delay | {{flight_delay}} |
| Baggage Delay | {{baggage_delay_insurance}} |
| Lost or Stolen Baggage | {{stolen_baggage}} |
| Event Cancellation | {{event_cancel}} |
| Rental Car Theft & Damage | {{rental_theft_damage}} |
| Rental Car Personal Effects | {{rental_personal}} |
| Rental Car Accident | {{rental_accident}} |
| Hotel Burglary | {{hotel_burglary}} |
| Mobile Phone Insurance | {{mobile_insurance}} |
| Personal Effects Insurance | {{personal_effects}} |
| Price Protection Insurance | {{price_protection}} |
{{card.name}} Review
The Desjardins Odyssey World Elite Mastercard is a versatile travel rewards credit card that offers a variety of earning potentials and benefits for cardholders.
In this review, we’ll take a closer look at the Odyssey World Elite Mastercard’s earning potential, as well as four key benefits, two drawbacks, and additional information that you might find helpful in determining if this card is right for you.
Earning potential
The Desjardins Odyssey World Elite Mastercard earns BONUSDOLLARS on all eligible purchases. Cardholders earn 2% for purchases made at grocery stores, restaurants, and public transportation (including taxis and rideshares) as well as on recurring payments.
Additionally, they earn 1.5% on all other purchases made. BONUSDOLLARs can be redeemed for travel, merchandise, gift cards, or as statement credits.
Benefits
- Comprehensive Travel Insurance: One of the major advantages of this card is its comprehensive travel insurance coverage. Cardholders receive coverage for trip cancellation/interruption, baggage loss/damage/delay, emergency medical expenses, and more.
This can provide peace of mind when traveling and save on the cost of purchasing separate travel insurance. - Airport Lounge Access: Another advantage of the Desjardins Odyssey World Elite Mastercard is complimentary airport lounge access. Cardholders receive six free Priority Pass lounge visits per year, in addition to unlimited access to Desjardins Odyssey lounges in Montreal-Trudeau International Airport.
- Mobile Device Insurance: This card offers mobile device insurance for smartphones, tablets, and smartwatches. With coverage up to $1,000 per device, cardholders can avoid paying for additional insurance through their mobile carriers, which can result in potential cost savings.
- Concierge Service: Desjardins Odyssey World Elite Mastercard cardholders have access to a dedicated concierge service, available 24/7. This service can assist with travel planning, restaurant recommendations and reservations, event ticket bookings, and more, adding a touch of luxury to the cardholder experience.
Drawbacks
- High Annual Fee: One of the significant drawbacks of this card is its high annual fee of $130. In order to justify this expense, cardholders must ensure they take advantage of the benefits and rewards offered. For some individuals, the features may not outweigh the cost of the annual fee.
- No Sign-Up Bonus or Promotional Offer: The Desjardins Odyssey World Elite Mastercard currently does not provide a sign-up bonus or promotional offer for new cardholders. Many competing travel cards offer enticing welcome offers, which can make it harder to justify choosing this card over other available options.
Additional information
Keep in mind that the Desjardins Odyssey World Elite Mastercard requires a minimum annual income of $80,000 for individuals or a minimum household income of $150,000. This requirement may not be feasible for all applicants; however, it is typical for cards with this level of benefits and rewards.
In conclusion, the Desjardins Odyssey World Elite Mastercard can be an attractive option for Canadians looking for a travel rewards card with robust benefits. The comprehensive travel insurance coverage, airport lounge access, mobile device insurance, and concierge service may outweigh the high annual fee for some users.
However, for those who do not already use these benefits or cannot meet the income requirements, alternative card options may be more appropriate.
Interested in other credit cards? Canadians that like the Desjardins Odyssey World Elite Mastercard credit card also like the Desjardins Visa Odyssey Gold. If you’re looking for other options you should consider the Desjardins Odyssey Visa Infinite Privilege, and the Desjardins Bonus Visa.
FAQ
With the Desjardins Odyssey World Elite Mastercard, cardholders can redeem their points for a wide variety of rewards, including:
- Travel rewards: Use your points to book flights, hotels, cruises, car rentals, and vacation packages with no blackout periods and no advance booking restrictions.
- Gift cards and merchandise: Redeem your points for gift cards from popular retail, dining, and entertainment establishments or for merchandise from leading brands.
- Mobility rewards: Use your points to pay for various mobility services like public transportation passes, car-sharing subscriptions, and Uber or Lyft credits.
- Financial rewards: Apply your points towards savings products at Desjardins, such as RRSPs, TFSAs, or RESPs, or redeem them as a statement credit.
- Charitable donations: Donate your points to a selection of charitable organizations, contributing to their important causes.
The Desjardins Odyssey World Elite Mastercard does not charge any foreign transaction fees. This means that when you use this credit card to make purchases in a foreign currency, you will not be subject to any fees for converting the currency.
This can be particularly beneficial for travelers or those who frequently make international purchases, as it helps to save money on foreign exchange fees that other cards may charge.
The Desjardins Odyssey World Elite Mastercard has a minimum income requirement of $80,000 CAD for an individual applicant, or a combined household income of at least $150,000 CAD. This requirement ensures that cardholders have the financial means to manage their credit and enjoy the card’s benefits.
Key benefits
- Mastercard World Elite benefits including Priceless Cities experiences
- BONUSDOLLARS rewards program with 1 BONUSDOLLAR equal to $1
- Emergency travel assistance with referrals for medical, legal and other services
- Zero liability protection against unauthorized card use
- Option to add supplementary cardholders at no additional cost
- Purchase protection and extended warranty on eligible items
- Access to free mobile device insurance up to $1,000
- Complimentary subscription to Mastercard Airport Experiences by LoungeKey
- Legal assistance services and identity theft assistance
- 5% BONUSDOLLARS on prepaid travel packages
- Secure online payment with 3-D Secure technology
- Ability to donate rewards to charity, education savings or other Desjardins products