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Desjardins Modulo Visa review

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

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 Modulo Visa 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 $50.00

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 10.90%, 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 $50.00 on the primary card with an added fee of $10.00 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.

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.
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.
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.
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.
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 Modulo Visa card is a good card to have if your annual salary does not meet the requirements of other cards, and you prefer one that has a lower interest rate. The cherry on top is that your purchases will earn BONUSDOLLARS with Desjardins’ rewards program. The annual fee is a modest $50.00 and with enough spending, you could easily offset that by redeeming your points for a reward. However, this card does fall short in the benefits that it offers, most notably lacking significant travel perks and travel insurance.

Frequently asked questions about the Desjardins Modulo Visa card

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