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Desjardins Elegance Gold Visa review

Earn BONUSDOLLARS rewards on your everyday purchases with this low-cost Visa card from Desjardins.

No longer offered in the market

The Desjardins Elegance Gold Visa credit card is no longer available. However, we’ve kept the information online for those who are interested.

You can compare more Desjardins credit cards here.

The Desjardins Elegance Gold Visa is a solid choice for Canadians who want to earn 1% on everyday purchases with Desjardins’ rewards program, BONUSDOLLARS. This low-cost card comes with a $30.00 annual fee.

30-second take

  • Think about this card if you want a low-cost credit card where you can earn points that you can redeem for various perks, including travel.
  • Consider a different card if you want a higher rate of return or more comprehensive travel perks.
  • You need to be a Canadian resident and the age of majority in your province or territory of residence to apply for this card.

The basics

If you make everyday purchases using a credit card, you might want to be rewarded for it by earning points using Desjardins’ rewards program, BONUSDOLLARS.

  • BONUSDOLLARS program. For every dollar you spend, 1% of it will go towards Desjardins’ rewards program, BONUSDOLLARS, which you can redeem for various rewards.
  • Zero fraud liability. You are not liable for fraudulent transactions made against your card.
  • Mobile payment. Use Apple Pay or Google Pay to conveniently tap and pay with your phone.
  • Great cash advances. Receive up to $5,000 a day from anywhere in the world.
  • Purchase protection and extended warranty. Get protection on most personal property/gifts purchased with your card, up to a lifetime maximum of $50,000 per account.

The perks

  • Mobile device insurance. Receive up to $1,000 if your cell phone/smartphone/tablet device is lost, stolen, accidentally damaged or has a mechanical failure.
  • Free coverage on shorter trips. Receive travel insurance on trips of three days or less that are outside your province of residence.
  • Travel assistance. Receive free, 24/7 travel support from anywhere around the world.
  • Car rental discounts. Get up to 15% off your booking from select Hertz locations around the world.
  • Additional card. Get an extra card for a family member or spouse at no extra cost.
  • Accord D. For bigger purchases, receive quick and flexible assistance using Desjardins’ dedicated financing program, Accord D.
  • Monthly statements. Receive your monthly account statements online at no extra cost.

What to watch out for

  • Annual fees. You’ll have to pay an annual fee of $30.00 with this credit card.
  • High interest rates. Interest rates are standard at 19.90% on outstanding balances.
  • Short travel insurance. This card only provides three days of out-of-province/country travel insurance, so you’ll have to purchase a separate travel insurance plan for longer trips.
  • Cancelling your card. If you choose to cancel your Desjardins Elegance Gold Visa, you’ll have 90 days to redeem your BONUSDOLLARS before they expire.
  • Grace period. There is a 21-day grace period to pay your credit card bill without incurring credit charges.
  • Currency exchange fees. You’ll pay a 2.5% currency exchange fee if converting to another currency.

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 all of the required documents and information listed above.
  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
20.99%
$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
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months Valid until May 2, 2023. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
OFFER
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months Valid until May 2, 2023. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
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.
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
20.99%
$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 April 30, 2023.
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.
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
20.99%
$48
Min. recommended credit score: 660
Earn 12,000 Avion points when you get approved for the card. Apply by April 3, 2023.
RBC ION Visa
6,000 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Earn 6,000 Avion points when you get approved for the card. Apply by April 3, 2023.
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Bottom line

The Desjardins Elegance Gold Visa is a solid, low-cost choice if you’re looking to earn points on your purchases that you can use towards redeeming it for rewards. Each BONUSDOLLAR earned has a redemption value of $1, which you can use in various rewards categories. It also offers a few different but very basic insurance options, but unfortunately, it does not provide comprehensive travel insurance coverage.

Frequently asked questions about the Desjardins Elegance Gold Visa

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