Compare these two credit cards side-by-side to see which one offers better value for your spending habits.
When it comes to choosing the perfect credit card, you need clarity, precision, and insights you can trust. That's why Dollarwise rigorously evaluates every card across seven critical factors, ensuring you get a detailed and actionable review.
Below you'll find a table which shows you the estimated reward each card will earn, as well as the ratings we gave the cards for each category. We compared the cards based on their perks, fees, approval rate, insurance, acceptance by merchants, interest rates and the rewards you'll earn. Each score is out of a maximum of 5.
Compare the basic details and eligibility requirements for each card to see which one you qualify for.
We estimate that spending $2,000 per month with the BMO Preferred Rate Mastercard would earn $0 in rewards over the year and with the Desjardins Cash Back Visa you would earn $0 in rewards.
When you spend using the BMO Preferred Rate Mastercard you will earn points called .
When you spend using the Desjardins Cash Back Visa you will earn points called .
We can also compare the BMO Preferred Rate Mastercard vs Desjardins Cash Back Visa based on the amount earned in each spend category:
First, let's look at the actual reward structure for each card:
We can also compare the BMO Preferred Rate Mastercard vs Desjardins Cash Back Visa based on the "earn rate", which shows in percentage terms how much you'll get back on your spend.
When it comes to fees, the Desjardins Cash Back Visa is better than the BMO Preferred Rate Mastercard.
The Desjardins Cash Back Visa charges an annual fee of $0, which is $29 less than the $29 annual fee for the BMO Preferred Rate Mastercard. So, if annual fees are important to you, then the Desjardins Cash Back Visa is the better choice.
Neither BMO Preferred Rate Mastercard nor Desjardins Cash Back Visa provides airline-specific travel perks like lounge access, priority boarding, expedited security, or a complimentary checked bag.
Neither card offers concierge service.
Neither card provides elite status acceleration. If climbing loyalty tiers is important to you, you might consider other options.
The Desjardins Cash Back Visa has better interest rates overall than the BMO Preferred Rate Mastercard.
The BMO Preferred Rate Mastercard charges 13.99 on your credit balance for purchases, which is different from the interest rate on the Desjardins Cash Back Visa.
It's worth noting that the BMO Preferred Rate Mastercard has an interest rate of 15.99 on any balance you transfer to this card from another credit card. That rate is lower than the 21.9 that is charged on the Desjardins Cash Back Visa. If you expect to transfer a balance to this card then the BMO Preferred Rate Mastercard might save you a lot of money.
The Desjardins Cash Back Visa gives you more insurance than the BMO Preferred Rate Mastercard.
The Desjardins Cash Back Visa includes 6 types of insurance, whereas the BMO Preferred Rate Mastercard only gives you 2. In comparison, the average credit card gives you 5 types of insurance. So, if insurance is important to you, then the Desjardins Cash Back Visa is the better choice.
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The BMO Preferred Rate Mastercard is often compared against other similar cards in the market. We've also compared it against various other options to help you make the best choice.
The Desjardins Cash Back Visa is often compared with other premium cards in its category. We've also compared it against other cards to give you comprehensive insights.
