Desjardins Modulo Visa card review April 2021 | Finder Canada

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Desjardins Modulo Visa card review

Earn BONUSDOLLARS and enjoy low interest rates with the Desjardins Modulo Visa credit card.

Please note: All information about Desjardins Modulo Visa card has been collected independently by Finder and this card is not available through this site.

No longer offered in the market

The Desjardins Modulo Visa 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 Modulo Visa card is one of four credit cards in the Desjardins line of Visa cards that earn BONUSDOLLARS. You’ll earn 1% on all purchases and pre-approved payments that you can then redeem for your choice of different rewards, including travel. You’ll also enjoy a low interest rate and a modest annual fee of $50

30-second take

  • Consider this card if you prefer lower interest rates and want to earn some form of redeemable rewards for everyday purchases.
  • Pick a different card if you want a more robust rewards program and comprehensive travel insurance.
  • No minimum annual income is required to apply for this card.

The basics

If you enjoy having low interest rates on your Visa for everyday purchases as well as pre-authorized payments and wouldn’t mind earning points for a few perks, you should consider signing up for the Desjardins Modulo Visa card.

  • Good cash advances. Receive up to $5,000 a day from anywhere in the world.
  • Zero liability. In the event of a fraudulent transaction, you are free of any liability made against your card.
  • Purchase protection. This card offers coverage on select items for 90 days
    from the purchase date in the event of loss or damage.
  • Financing. Receive Accord D financing on items that are above your current spending habits.

The perks

  • Low interest rates. Enjoy an interest rate of 10.9%, which is almost half the rate of major cards.
  • BONUSDOLLARS. Earn BONUSDOLLARS on eligible purchases.
  • Car rental discounts. Receive up to 15% off select Hertz locations worldwide
  • Mobile device insurance. Get up to $1,000 back if your cell phone, smartphone or tablet has been lost, stolen, damaged or has suffered a mechanical failure
  • Free coverage for short trips. Receive travel insurance on trips of three days or less outside your province of residence.
  • Visa Checkout. Enjoy privacy protection and faster checkouts when purchasing things online.
  • Travel assistance service. Receive free travel support, 24 hours a day, 7 days a week from anywhere in the world.

What to watch out for

  • Annual fee. You’ll pay an annual fee of $50 on the primary card with an added fee of $10 for an additional card.
  • Limited 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.
  • Conversion fees. All transactions made in a foreign currency will be converted to Canadian dollars, and you will be hit with a 2.5% conversion fee of the transaction amount.
  • Very low return on points. You earn 1% on all purchases, so if you spend $1,000 a month, you’re only going to earn $10, a value of $0.01 per BONUSDOLLARS point
  • Quick BONUSDOLLARS redemption. BONUSDOLLARS must be redeemed within 60 days of purchase
  • Few benefits. You won’t receive comprehensive travel insurance or roadside assistance.

What should I know before I apply

How to apply

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

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Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
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BMO Preferred Rate Mastercard
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Scotiabank Value Visa Card
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Choice Card from American Express
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Min. recommended credit score: 700
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Tangerine Money-Back Credit Card
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Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
HSBC +Rewards™ Mastercard®
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Min. recommended credit score: 680
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Refresh Financial Secured Card
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N/A
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Min. recommended credit score: Any score
Take advantage of a low annual fee, with no credit check and guaranteed approval once you secure your card with some funds.
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Name Product Balance Transfer Rate Balance Transfer Fee Purchase Interest Rate Annual Fee Min. Credit Score Description
Tangerine World Mastercard
1.95% for the first 6 months (then 19.95%)
3%
19.95%
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Min. recommended credit score: 680
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BMO CashBack Mastercard
1.99% for the first 9 months (then 22.99%)
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Min. recommended credit score: 660
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BMO Preferred Rate Mastercard
3.99% for the first 9 months (then 12.99%)
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Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
Scotiabank Value Visa Card
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Min. recommended credit score: 650
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Tangerine Money-Back Credit Card
1.95% for the first 6 months (then 19.95%)
3%
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Min. recommended credit score: 680
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BMO Rewards Mastercard
1.99% for the first 9 months (then 22.99%)
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Min. recommended credit score: 725
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BMO AIR MILES Mastercard
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BMO AIR MILES Mastercard For Students
1.99% for the first 9 months (then 22.99%)
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Min. recommended credit score: 660
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BMO CashBack Mastercard For Students
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Min. recommended credit score: 660
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Scotia Momentum Visa Card
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Min. recommended credit score: 650
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Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Cobalt Card
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Min. recommended credit score: 700
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Choice Card from American Express
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HSBC +Rewards™ Mastercard®
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BMO Rewards Mastercard
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BMO World Elite Mastercard
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Brim Mastercard
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American Express Aeroplan Card
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American Express AIR MILES Platinum Credit Card
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Name Product Welcome Offer Cash Back Rate Purchase Interest Rate Annual Fee Min. Credit Score Reward Description
Tangerine World Mastercard
Balance transfer offer
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Min. recommended credit score: 680
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BMO CashBack Mastercard
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SimplyCash Card from American Express
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Tangerine Money-Back Credit Card
Balance transfer offer
Up to 2% cash back
19.95%
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Min. recommended credit score: 680
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SimplyCash Preferred Card from American Express
10% cash back
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Min. recommended credit score: 700
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BMO CashBack World Elite Mastercard
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$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 760
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Shell CashBack Mastercard from BMO
$50 in cash back + 1% cash back
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Min. recommended credit score: 660
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BMO Cashback Business Mastercard
10% cash back
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19.99%
$0
Min. recommended credit score: 650
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BMO CashBack Mastercard For Students
5% cash back
Up to 3% cash back
19.99%
$0
Min. recommended credit score: 660
Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
Shell CashBack World Mastercard from BMO
N/A
Up to 3% cash back
19.99%
$79
Min. recommended credit score: 760
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Compare up to 4 providers

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
Tangerine World Mastercard
Balance transfer offer
Up to 2% cash back
19.95%
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Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO CashBack Mastercard
5% cash back
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Min. recommended credit score: 660
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SimplyCash Card from American Express
1.25% cash back
Up to 2.5% cash back
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Min. recommended credit score: 700
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Choice Card from American Express
12,500 points
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Min. recommended credit score: 700
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Tangerine Money-Back Credit Card
Balance transfer offer
Up to 2% cash back
19.95%
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Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO Rewards Mastercard
10,000 points
Up to 2 points per $1 spent
19.99%
$0
Min. recommended credit score: 725
Get a bonus of 10,000 BMO Rewards points when you spend $1,000 in the first 3 months. Apply by October 31, 2021 . Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
Home Trust Secured Visa
N/A
N/A
14.90% - 19.99%
$0
Min. recommended credit score: Any score
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Brim Mastercard
Up to $200 worth of bonuses
1 point per $1 spent
19.99%
$0
Min. recommended credit score: 700
Earn up to $200 worth of bonus points when you shop with Brim retailers for the first time through the Brim mobile app.
Shell AIR MILES Mastercard from BMO
800 Miles
Up to 3x Air Miles for every $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
Shell CashBack Mastercard from BMO
$50 in cash back + 1% cash back
Up to 1.5% cash back
19.99%
$0
Min. recommended credit score: 660
Get $50 in cash back bonuses once you charge your first eligible purchase to your card. Plus, earn 1% cash back for the first 6 months on all eligible purchases.