Dollarwise

Visa Desjardins Business Card Review

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Mastercard > National Bank







Advertising disclosure









{{card.name}} Review







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★★★★★











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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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Editorial Note: DollarWise may earn a commission on sales made from partner links on this page.





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 {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).









{{factor_score_rewards}}

















Rewards











{{factor_score_fee}}

















Fees











{{factor_score_perks}}

















Perks











{{factor_score_interest}}

















Interest rates













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Insurance











{{factor_score_acceptance}}

















Acceptance











{{factor_score_approval}}

















Approval











The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.





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 {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.





Rewards





With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:





Bills{{reward_bills}}
Pharmacy{{reward_drug}}
Gas{{reward_gas}}
Groceries{{reward_grocery}}
Restaurants{{reward_restaurant}}
Specific Stores{{reward_store}}
Travel{{reward_travel}}
All Other Spend{{reward_other}}




Calculating your annual rewards





We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} 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:





Bills{{bills_dollarrewards}}
Pharmacy{{drug_dollarrewards}}
Gas{{gas_dollarrewards}}
Groceries{{grocery_dollarrewards}}
Restaurants{{restaurant_dollarrewards}}
Specific Stores{{store_dollarrewards}}
Travel{{travel_dollarrewards}}
All Other Spend{{other_dollarrewards}}




Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.





This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.





The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.





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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
Bills{{bills_earnrate}}{{averages.mean_bills_earnrate}}
Pharmacy{{drug_earnrate}}{{averages.mean_drug_earnrate}}
Gas{{gas_earnrate}}{{averages.mean_gas_earnrate}}
Groceries{{grocery_earnrate}}{{averages.mean_grocery_earnrate}}
Restaurant{{restaurant_earnrate}}{{averages.mean_restaurant_earnrate}}
Store{{store_earnrate}}{{averages.mean_store_earnrate}}
Travel{{travel_earnrate}}{{averages.mean_travel_earnrate}}
Other{{other_earnrate}}{{averages.mean_other_earnrate}}
Above, we've calculated the earn rate for the {{card.name}} for every spend category and compared it to the average for all Canadian credit cards.




Redemption methodAnnual 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}}




For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.





That's equivalent to a {{total_earn_rate}} return on spending.





The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.





This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.





In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.





Fees





The {{card.name}} has a {{card.annualFee}} annual fee.





The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.





Perks





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We manually review the perks of each credit card to determine how they compare to other cards.





The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.





The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.





Interest Rates





Purchase{{purchase_interest_rate}}%
Cash Advance{{cash_advance_interest_rate}}%
Balance Transfer{{balance_transfer_interest_rate}}%




The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.





For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.





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Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.





Insurance coverage





InsuranceThis CardAverage
Extended Warranty{{warranty}}{{averages.median_warranty}}
Purchase Protection{{purchase_protection}}{{averages.median_purchase_protection}}
Travel Accident{{travel_accident}}{{averages.median_travel_accident}}
Emergency Medical Term{{emergency_medical_term}}{{averages.median_emergency_medical_term}}
Emergency Medical over 65{{emergency_medical_65}}{{averages.median_emergency_medical_65}}
Trip Cancellation{{trip_cancellation}}{{averages.median_trip_cancellation}}
Trip Interruption{{trip_interruption}}{{averages.median_trip_interruption}}
Flight Delay{{flight_delay}}{{averages.median_flight_delay}}
Baggage Delay{{baggage_delay_insurance}}{{averages.median_baggage_delay_insurance}}
Lost or Stolen Baggage{{stolen_baggage}}{{averages.median_stolen_baggage}}
Event Cancellation{{event_cancel}}{{averages.median_event_cancel}}
Rental Car Theft & Damage{{rental_theft_damage}}No
Rental Car Personal Effects{{rental_personal}}{{averages.median_rental_personal}}
Rental Car Accident{{rental_accident}}{{averages.median_rental_accident}}
Hotel Burglary{{hotel_burglary}}{{averages.median_hotel_burglary}}
Mobile Phone Insurance{{mobile_insurance}}{{averages.median_mobile_insurance}}
Personal Effects Insurance{{personal_effects}}{{averages.median_personal_effects}}
Price Protection Insurance{{price_protection}}{{averages.median_price_protection}}




We scored it {{factor_score_insurance}} out of 5 for insurance.





It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.





Approval and qualifying







Do I qualify?
Estimated Credit Score{{credit_score_low}} - {{credit_score_high}}
Personal Income{{personal_income}}
Household Income{{household_income}}






Fees
Annual Fee{{card.annualFee}}
Extra Card Fee$0
Card type{{card_type}}






We scored it {{factor_score_approval}} out of 5 for approval.





We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.





This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.





The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.





This puts it in the {{decile.personal_income}} of cards by the income required to qualify.





The Visa Desjardins Business Card offers a range of benefits and rewards tailored towards small business owners and entrepreneurs. To help you better understand what this credit card brings to the table, let’s dive into its earning potential, benefits, drawbacks, and other relevant information.





Earning potential with the card





The Visa Desjardins Business Card earns points through the Desjardins Bonusdollars program. Cardholders receive 1 Bonusdollar for every $2 of eligible purchases charged to the card.





Although the card does not offer varying reward rates based on spending categories, the consistent reward rate allows you to earn points from all your purchases uniformly.





Benefits






  1. Cash Flow Flexibility: One significant advantage of the Visa Desjardins Business Card is that it provides users with up to 50 days interest-free repayment periods. This extended grace period allows business owners to leverage their credit in cases of late invoice payments or unforeseen expenses, leading to better cash flow management.




  2. Comprehensive Insurance Coverage: This card offers comprehensive insurance coverage for users, including travel accident insurance, trip cancellation or interruption insurance and car rental insurance. This robust coverage allows business owners to fully protect themselves and their employees against travel-related risks and unforeseen events.




  3. Visa Business Reporting Tool: The Visa Desjardins Business Card comes equipped with the Visa Business Reporting tool, an online platform that helps business owners keep track of their expenses and card usage. This powerful tool can aid in budget analysis, cash flow management, and optimizing business credit card usage for maximum points potential.




  4. No Annual Fee: The Visa Desjardins Business Card comes with no annual fee for both the primary cardholder and additional cardholders. This cost-saving feature is particularly beneficial for small business owners who are looking to minimize their annual expenses while still benefiting from the rewards and insurance coverage provided by this card.





Drawbacks






  1. Limited Rewards Redemption Options: A significant drawback of the Visa Desjardins Business Card is that it only earns Bonusdollars, limiting the flexibility and range of rewards redemption options compared to other credit cards that provide points transfers to other programs or direct cash-back features.




  2. Availability for Desjardins Members: Another drawback of this card is that it is only available to individuals who are already members of the Desjardins group. This could be a limiting factor for potential cardholders not looking to switch their banking or become part of the Desjardins group.





Additional information





In conclusion, the Visa Desjardins Business Card offers a solid credit solution for small business owners seeking cash flow flexibility, comprehensive insurance coverage, and low-cost options. However, it may not be suitable for those who prefer more flexible rewards programs or are not interested in becoming part of the Desjardins group.





Interested in other credit cards? Canadians that like the Visa Desjardins Business Card credit card also like the BMO Cashback Business MasterCard. If you’re looking for other options you should consider the American Express Aeroplan Business Reserve Card, and the Visa Desjardins US Business Card.





FAQ







With the Visa Desjardins Business Card, you can redeem your accumulated points for a variety of rewards through the BONUSDOLLARS Program. These rewards include:






  • Travel rewards: Redeem points for flights, hotels, car rentals, and vacation packages. You also have the flexibility to book with any airline, with no blackout dates or seat restrictions.




  • Gift cards and merchandise: Choose from a wide selection of gift cards from major retailers, as well as electronic devices, home appliances, and more from the BONUSDOLLARS catalogue.




  • Financial products: Use your points to contribute to a Desjardins savings product of your choice, such as a RRSP, TFSA, or towards the balance on your Visa Desjardins credit card.




  • Donations: Donate your points to support a charity or an accredited educational institution of your choosing.







The Visa Desjardins Business Card credit card does indeed charge foreign transaction fees. When a purchase is made with this card in a foreign currency, a fee of 2.5% of the purchase amount will be applied. This fee is in addition to the currency conversion rate at the time of the transaction.







The Visa Desjardins Business Card does not have a specified minimum income requirement for applicants. Instead, the approval is primarily based on the applicant’s credit history, business financial stability, and overall financial profile.





This allows more flexibility for small business owners and entrepreneurs seeking to apply for the Visa Desjardins Business Card.







Key benefits






  • Available credit limit of up to $50,000




  • Access to personalized financing with Accord D Business




  • Purchase protection and extended warranty coverage




  • Online account management and mobile app functionality




  • Optional low-interest rate and travel insurance plans




  • Customizable supplementary cards for employees




  • Flexible payment options and cash advances




  • Optional Roadside Assistance for added security




  • Compatibility with Apple Pay, Google Pay, and Samsung Pay




  • Emergency card replacement and Cash Advance services



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