Desjardins Visa Odyssey Gold Review
Pros
- Comprehensive travel insurance coverage
- 3-day trip cancellation and interruption insurance
- No fees for additional cardholders
- Reward points for everyday purchases
- Access to Desjardins’ BONUSDOLLARS Program
- 24/7 travel assistance services
- Mobile device insurance included
Cons
- Annual fee of $110
- Limited reward point categories
- Lower value in terms of rewards compared to other premium travel cards
- No airport lounge access or travel benefits
- No introductory offers or promotional rates
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 Visa Odyssey Gold, here’s how you earn rewards:
| Bills | 2% |
| Restaurants / Delivery | 2% |
| All Other Spend | 1% |
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 Visa Odyssey Gold in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:
| Redemption method | Annual rewards |
|---|---|
| Redeem for travel | $2.94 |
| Charity | $2.94 |
| Gift cards | $2.82 |
| Merchandise | $2.70 |
| Movie rewards | $2.94 |
| Desjardins financial products | $2.94 |
Calculating your annual rewards
$24,000.00 annual spending x $1.23% return on spending = $294.00 annual rewards
$294.00 annual rewards – $110.00 annual fee = $$184.00 net annual rewards
Details and eligibility
| Do I qualify? | |
|---|---|
| Estimated Credit Score | 760 – 900 |
| Interest Rates | |
|---|---|
| Purchase | 19.9% |
| Cash Advance | 19.9% |
| Balance Transfer | 19.9% |
| Fees | |
|---|---|
| Annual Fee | $110.00 |
| Extra Card Fee | $0 |
| Card type | Visa |
Insurance coverage
| Extended Warranty | 1 year |
| Purchase Protection | 90 days |
| Travel Accident | 1000000 |
| Emergency Medical Term | 60 days |
| Emergency Medical over 65 | 15 days |
| Trip Cancellation | 2500 |
| Flight Delay | 2000 |
| Baggage Delay | 500 |
| Lost or Stolen Baggage | 1000 |
| Rental Car Theft & Damage | Yes |
| Mobile Phone Insurance | 1000 |
Desjardins Visa Odyssey Gold Review
The Desjardins Visa Odyssey Gold credit card is a popular travel and rewards credit card that offers numerous benefits, but also has a few drawbacks to keep in mind. In this review, we will discuss its earning potential, various advantages and disadvantages, and additional information for those considering this card.
Earning Potential: With the Desjardins Visa Odyssey Gold credit card, cardholders earn 1 BONUSDOLLAR for every $1 spent on their card. This is equivalent to a 1% rewards rate, which is fairly standard for rewards credit cards. Unfortunately, this card does not provide enhanced rewards rates for specific categories such as dining, travel, or groceries.
Benefit 1: One of the primary advantages of the Desjardins Visa Odyssey Gold credit card is its travel insurance package. This extensive coverage includes emergency health care, trip cancellation and interruption, lost or delayed luggage, and even rental car insurance. This makes the card an excellent option for travelers who want extra peace of mind while on vacation.
Benefit 2: Another significant advantage of this card is that there is no minimum purchase requirement to redeem BONUSDOLLAR rewards. These can be redeemed anytime and used as a statement credit to pay for new purchases, making it convenient and easy for cardholders to use their rewards.
Benefit 3: The Desjardins Visa Odyssey Gold offers a complimentary roadside assistance program. In the event of a flat tire, dead battery, or other automotive trouble, cardholders can access emergency services without incurring additional costs. This is especially valuable for those who frequently drive or travel by car.
Benefit 4: As a cardholder, you will also enjoy purchase protection and extended warranty coverage on items purchased with the card. This provides additional coverage in case of theft, damage, or items being lost within 90 days of purchase, as well as doubling the original manufacturer’s warranty for up to an additional one year.
Drawback 1: One significant drawback of the Desjardins Visa Odyssey Gold credit card is its annual fee of $110. While the benefits can certainly outweigh this cost for frequent travelers, it’s essential for potential cardholders to consider if these advantages will justify the expense for them.
Drawback 2: Another drawback is that the card does not offer enhanced rewards rates or bonus categories, as mentioned earlier. Cardholders who primarily spend on specific categories such as groceries or gas might find other cards to be more rewarding in terms of earning potential.
In conclusion, the Desjardins Visa Odyssey Gold credit card is a solid option for travelers seeking comprehensive insurance coverage and additional benefits like roadside assistance. However, its annual fee and lack of bonus categories make it potentially less attractive than some competing cards. Potential cardholders should carefully consider their spending habits and travel needs before deciding if this card is the right choice for them.
Interested in other credit cards? Canadians that like the Desjardins Visa Odyssey Gold credit card also like the Desjardins Cash Back Visa. If you’re looking for other options you should consider the Desjardins Cash Back Mastercard, and the Desjardins Odyssey Visa Infinite Privilege.
FAQ
Key benefits
- 1% BONUSDOLLARS on eligible purchases
- 1.5% BONUSDOLLARS on public transit, gas, and travel expenses
- $5,000 minimum credit limit
- Card replacement in case of loss or theft
- Identity Theft Assistance service
- Roadside Assistance available at an additional cost
- Personalized alerts for fraud detection and account management
- Purchase protection and extended warranty coverage
- Contactless Visa payWave technology
- Auto-rental collision and loss damage insurance
- Up to $500,000 in common carrier accident insurance
- Complimentary 22-day grace period for new card purchases
