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Desjardins Visa Cash Back and Desjardins Mastercard Cash Back review

Earn cash back on everyday purchases with your choice of either a Desjardins Visa or Mastercard credit card.

Please note: All information about Desjardins Cash Back Card has been collected independently by Finder and this product is not available through this site.

The Desjardins Visa and Mastercard Cash Back credit cards are a good option for Canadians who want to earn up to 2% cash back on their purchases. There is no annual fee with these cards, so you don’t need to worry about extra costs while earning cash back.

30-second take

  • Consider getting one of these credit cards if you enjoy cash back rewards without paying an annual fee or if you have any other financial services with Desjardins.
  • Choose a different card if you’re looking for a higher rate of return or a more robust rewards program that offers travel perks.
  • You only need to be a Canadian resident and the age of majority in your province or territory of residence to apply for one of these cards.

The basics

If you make everyday purchases using a credit card, then you might want to check out the Desjardins Visa and Mastercard Cash Back credit cards.

  • Zero liability in the event of fraud. You will not be liable for fraudulent transactions made against your card.
  • Mobile payment. Use Apple Pay or Google Pay to pay for purchases.
  • 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

  • Free coverage for short 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. receive up to 15% off select Hertz locations worldwide
  • Additional card. Get an extra card for a family member or spouse at no extra cost.

What to watch out for

  • High interest rates. Interest rates sit at 19.9% on outstanding balances, which is around 7% higher than lower interest credit cards.
  • Short travel insurance. With only three days on out-of-province/country travel insurance, you’ll have to purchase a separate travel insurance plan for longer trips.
  • Cancelling your card. If you choose to cancel your Desjardins Cash Back credit card, you’ll have 90 days to redeem your cash back.
  • 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 foreign currency.

What should I know before I apply

How to apply

  1. Head to the Desjardins website to begin your application.
  2. Select whether you want to apply for either the Visa or Mastercard and then complete the application, which includes providing your name, email address, social insurance number (SIN), 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 1.99% on balance transfers with a 1% balance transfer fee for nine months.
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 September 30, 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 September 16, 2022.
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 September 30, 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% - 24.99%
$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 1% cashback guaranteed.
RBC Rewards+ Visa
3,500
Up to 1 points per $2 spent
19.99%
$0
Min. recommended credit score: 650
Earn up to 3,500 RBC Rewards points by going digital in the first 60 days.
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.
Walmart Rewards Mastercard
Up to $25 in Reward Dollars
Up to 1.25% cash back
19.89%
$0
Min. recommended credit score: 650
Get up to $25 in bonus Walmart Reward Dollars.
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).
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Bottom line

The Desjardins Visa Cash Back and Desjardins Mastercard Cash Back credit cards are good cards to use if you plan on using them on everyday purchases. With a cash back rebate of up to 2% on all contactless and pre-authorized payments, you’ll easily be able to accumulate a good amount of cash back with one of these fee-less credit cards. The cards also offer a few different but very basic insurance options, but they do not come with any significant travel perks or rewards.

Frequently asked questions

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