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Desjardins Cash Back Visa Review
While the Desjardins Cash Back Visa Card optimizes common expenses like dining and pre-authorized purchases, plus provides extensive coverage, it's not the most valuable no-fee contender in Canada.
Mar 23, 2026 2:09 PM
Written By
Lead Writer
Edited By
Credit Card Expert
The Bottom Line
The Desjardins Cash Back Visa is a decent no-fee credit card for insurance coverage. However, there are plenty of no-fee cash back credit cards in Canada with superior value.
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on Desjardins' website
RECOMMENDED CREDIT SCORE
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Rewards
- 2% cash back on restaurant & pre-authorized purchases (up to $3,600 spend per category)
- 2% cash back on entertainment and transit purchases
- 0.5% cash back on all other purchases
Insurance
Coverage
Extended Warranty
1 year
Purchase Protection
90 days
Mobile Device Insurance
$1,000
Trip Cancellation
$500
Trip Interruption
$1,000
Travel Medical Insurance (64 & under)
3 daysTravel Medical Insurance (65 to 75)
3 days
Baggage Delay
$500
Lost or Stolen Baggage
$500
Benefits
Details
Car Rental Discount
15% off base rate off Hertz car rental, no young drivers surchargeCar Rental Discount
10% off base rate off Hertz car rental, no young drivers surcharge
Eligibility
Credit Score
GoodAnnual Income
N/A
Card Details
Interest Rates
Purchase APR
20.90%
Cash Advance APR
21.90%
Balance Transfer APR
21.90%
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee
- Solid cashback optimization
- Comprehensive coverage
- Car rental discounts
Cons
- Limited physical branch access
- Low base earn rate
- No welcome bonus
Our Detailed Review
How to Earn Rewards with the Desjardins Cash Back Visa
With the Desjardins Cash Back Visa, you'll earn the following:
- 2% cash back on restaurant & pre-authorized purchases (up to $3,600 spend per category)
- 2% cash back on entertainment and transit purchases
- 0.5% cash back on all other purchases
How to Redeem Rewards with the Desjardins Cash Back Visa
Once you collect $25 in cash back, your account will be credited automatically.
Benefits and Perks
4 Benefits of the Desjardins Cash Back Visa
There are a few benefits that make the Desjardins Cash Back Visa worthwhile.
The first perk about this card is the fact that it comes with no annual fee, making it extremely affordable for the budget-conscious.
For a no-fee card, the Desjardins Cash Back Visa Card earns cardholders solid cash back on popular spend categories like dining, pre-authorized payments, entertainment, and transit.
The Desjardins Cash Back Visa Card also boasts strong insurance coverage for a no-fee contender making it one of the best Desjardins credit cards in Canada. Expect valuable protections like trip interruption and trip cancellation insurance, travel medical insurance, and mobile device insurance.
Cardholders receive discounts on rental cars at Hertz, Thrifty, and Dollar locations.
Drawbacks and Considerations
2 Drawbacks to the Desjardins Cash Back Visa
There are two main downsides worth considering prior to applying for the Desjardins Cash Back Visa:
Compared to other cards, the base rate of cash back earned on all other purchases is below average.
While earning opportunities on dining and pre-authorized purchases are impressive, they come with categorical spending caps.
Compare to Similar Cards
To help you make your decision, we've compared the Desjardins Cash Back Visa against other no-fee cash back credit cards in Canada.
| Desjardins Cash Back Visa | Tangerine® Money-Back World Mastercard®* | Rogers Red World Elite® Mastercard | Simplii Financial™ Cash Back Visa* Card | Neo World Mastercard® | |
|---|---|---|---|---|---|
Welcome Bonus | N/A | $120 bonus after spending $1.5k in 3 months + 1.95% balance transfer promo rate for 6 months | Welcome Bonus varies | 20% cashback† up to $500 in spending | N/A |
Earn Rates |
|
|
|
|
|
Insurance Included | 9 types
| 4 types
| 7 types
| 2 types
| 2 types
|
Benefits | 2 benefits
| 3 benefits
| 2 benefits
| None | None |
Annual Fee | $0 | $0 | $0 | $0 | $0 |
Income Requirements | N/A | $50,000 personal or $80,000 household | $80,000 personal or $150,000 household | $15,000 household | $50,000 personal or $80,000 household |
Apply Now | APPLY NOW | APPLY NOW | APPLY NOW | APPLY NOW | APPLY NOW |
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Desjardins Cash Back Visa vs Tangerine Money-Back World Mastercard
For something customizable, cardholders can opt for the Tangerine Money-Back World Mastercard, one of the best Tangerine credit cards in Canada. This competitor allows you to pick two categories out of the 13 offered by Tangerine. Categories include entertainment, restaurants, recurring bill payments, transportation, and more. You'll even earn a third category when you deposit your rewards into a Tangerine Savings Account. That said, cardholders receive less coverage. On the other hand, the Tangerine Money-Back World Mastercard comes with better perks, including an airport lounge Dragon Pass membership. However, you'll need to meet some high income requirements to qualify.
Verdict: The Tangerine Money-Back World Mastercard offers some more flexibility and perks, but fewer optimization opportunities and less insurance coverage.
Desjardins Cash Back Visa vs Rogers Red World Elite Mastercard
Applicants may also consider the Rogers Red World Elite Mastercard, one of the best no-fee credit cards in Canada. This contender collects solid cash back on USD and non-USD purchases, especially if you have a qualifying Rogers, Fido, Comwave or Shaw service. You can also boost your cash back even further by redeeming your rewards towards service purchases. Like the Desjardins Cash Back Visa, the Rogers Red World Elite Mastercard has some impressive coverage, but not quite as much. Cardholders can also expect perks like a Dragon Pass airport lounge membership. That said, to account for such value, this card comes with high annual income requirements.
Verdict: The Rogers Red World Elite Mastercard is the better choice for Rogers customers and higher earners.
Desjardins Cash Back Visa vs Simplii Financial Cash Back Visa Card
For even better cash back rates on dining, check out the Simplii Financial Cash Back Visa Card, one of the best dining credit cards in Canada. This card also optimizes pre-authorized payments at a lower cash back rate, not to mention gas, groceries, and drugstore purchases. The coverage on this competitor is pretty basic, offering only extended warranty and purchase protection insurance. To qualify for this card, you'll need to meet a household annual income requirement.
Verdict: The Simplii Financial Cash Back Visa Card is the best no-fee cash back card for foodies.
Desjardins Cash Back Visa vs Neo World Mastercard
For better boosted optimization, look no further than the Neo World Mastercard, one of the best Neo credit cards in Canada. This card earns you cash back on groceries, gas, and recurring purchases. The best part? These categories as well as others (like dining) can be optimized even further when you purchase from Neo Partners. Unfortunately though, this contender lacks extensive coverage and perks, and comes with some annual income requirements.
Verdict: The Neo World Mastercard has a unique and valuable cash back program for high earners who don't mind trading added coverage and perks for better reward opportunities.
Frequently Asked Questions
If you want to optimize common everyday expenses, receive discounts on rental cars, and be covered extensively for no annual fee, then the Desjardins Cash Back Visa might be for you.
The Desjardins Cash Back Visa stands out primarily for its extensive insurance coverage for no annual fee.
No. The Desjardins Cash Back Visa does not have any income requirements, making it very accessible.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
SEE FULL BIOAbout the editor
Abid Salahi
Credit Card Expert
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
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