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Desjardins Cash Back World Mastercard review

Earn up to 2% cash back with the Desjardins Cash Back World Mastercard

No longer offered in the market

The Desjardins Cash Back World Mastercard is no longer available. However, we’ve kept the information online for those who are interested.

You can compare more Desjardins credit cards here.

You’ll earn 2% cash back on payments made with contactless payment technology and preauthorized payments by service providers. However, you’ll only earn 1% cash back on other purchases.

30-Second Take

  • Think about getting this card if you enjoy getting cash back rewards or if you have any other financial services tied to Desjardins.
  • Choose a different card if you want better travel perks, points for a rewards program or if you don’t want to pay an annual fee.
  • You’ll need a minimum annual salary of $60,000 to qualify for this card.

The Basics

If you use your card for everyday purchases and want the peace of mind that in the event of fraudulent transactions, you’ll incur no liability, then you might want to consider the Desjardins Cash Back World Mastercard.

  • Zero liability in the event of fraud. You don’t incur any liability for fraudulent transactions made against your card.
  • Mobile payments. Make easy, free and secure payments using the tap feature with your mobile phone.
  • Great cash advances. Receive up to $5,000 a day from anywhere in the world.
  • Purchase protection and extended warranty. Get cover for most personal property/gifts purchased with your card.

The Perks

  • Mobile device insurance. Get up to $1,000 if your cell phone, smartphone or tablet is lost, stolen, accidentally damaged or has a mechanical failure.
  • Car rental collision/loss damage insurance. Receive insurance if your rental car is damaged or stolen for a period of up to 48 consecutive days when you charge the full cost of your car rental to your card.
  • Free coverage for short trips. Receive travel insurance on trips of three days or less outside your province of residence.
  • Car rental discounts. You’ll get up to 15% off from select Hertz locations worldwide.
  • Travel assistance service. Receive free travel support, 24/7 from anywhere in the world.

What to Watch Out For

  • Annual fee. You’ll pay an annual fee of $50.00 on the primary card with an added $10 fee for an additional card.
  • Currency markup. You’ll pay a 2.5% currency exchange fee if converting to another foreign currency.
  • High interest rates. Interest rates sit at around 19.90% for outstanding balances.
  • Short travel insurance. You’ll only get three days of out-of-province coverage, and you’ll have to purchase a separate travel insurance plan for longer trips.
  • Changing cards. If you’re switching to a different Desjardins card that uses its BONUSDOLLARS rewards program, you can transfer your cash back balance at a ratio of 1 to 1.
  • Closing/cancelling card. You’ll have 90 days to redeem your cash back earned at the time you cancel/close your card.

What should I know before I apply

How to Apply

  1. Head to the Desjardins website to begin your application.
  2. Complete the application, which includes providing your name, email address, social insurance number, birth date, employment status and other pertinent information.
  3. Review and submit your application.

Compare other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
19.99%
$0
Min. recommended credit score: 650
Get 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine World Mastercard
15% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 15% cash back (up to $150) when you spend $1,000 in the first 2 months Until December 29, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points. Get 35,000 points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by January 31, 2023.
OFFER
Tangerine Money-Back Credit Card
15% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 15% cash back (up to $150) when you spend $1,000 in the first 2 months Until December 29, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
EXCLUSIVE
Neo Financial Mastercard
Get $25.00
Average 5% cash back
19.99% - 26.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at thousands of partners and at least 0.5% cashback guaranteed.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
12.99%
$0 annual fee for the first year ($20 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $20 annual fee waived in the first year.
RBC ION+ Visa
12,000 points
3 points per $1 spent
19.99%
$48
Min. recommended credit score: 660
Earn 12,000 Avion points when you get approved for the card. Apply by November 30, 2022.
RBC ION Visa
6,000 points
1.5 points per $1 spent
19.99%
$0
Min. recommended credit score: 660
Earn 6,000 Avion points when you get approved for the card. Apply by November 30, 2022.
American Express Cobalt Card
30,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). That’s up to $300 towards a weekend getaway or concert tickets.
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Bottom Line

The Desjardins Cash Back World Mastercard is a good card to use if you plan on using it on everyday purchases here in Canada. With a cash back rebate of 2% on all contactless and preauthorized payments, you’ll easily be able to offset the $50.00 annual fee if you use it frequently enough. It also offers a few different but very basic insurance options. Unfortunately, this card does not feature any significant travel perks or rewards.

Frequently asked questions about the Desjardins Cash Back World Mastercard

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