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Desjardins

Desjardins Cash Back World Elite Mastercard

Full earn rates, fees and benefits for the Desjardins Cash Back World Elite Mastercard.

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Annual fee
$100
Income required
$80,000

personal · or $150,000 household

Typical credit · 700+
Desjardins Cash Back World Elite Mastercard🛒 4% Groceries

How you earn

  • Up to 4% cash back on groceries
  • Up to 3% cash back on restaurants
  • 3% cash back on entertainment purchases
  • 3% cash back on alternative transportation
  • 1% cash back on all other purchases
  • Cash back is automatically credited once $100 is accumulated

Built-in perks & coverage

Travel insurance (3-day coverage)

Emergency travel insurance coverage for trips up to 3 days when eligible travel expenses are charged to the card, including emergency medical, baggage, and trip interruption protection.

Emergency medical coverage

Up to $5 million per insured person for eligible emergency medical expenses during covered short-duration travel.

Trip cancellation and interruption protection

Coverage for eligible trip cancellation or interruption expenses when travel is purchased with the card, subject to policy limits.

Baggage insurance

Coverage for lost, stolen, or delayed baggage up to defined limits when travelling with eligible coverage activation.

World Elite airport lounge access (via Mastercard Travel Pass)

Access to over 1,300 airport lounges worldwide through Mastercard Travel Pass powered by DragonPass, subject to visit fees and membership terms.

Car rental discounts

Up to 25% discount with Hertz and up to 10% with Dollar and Thrifty, plus added benefits such as reduced fees and coverage eligibility.

Auto rental collision damage waiver

Coverage for rental vehicle damage or theft for eligible rentals up to 48 consecutive days when paid with the card.

Mobile device insurance

Up to $1,500 coverage for eligible mobile devices against loss, theft, accidental damage, or mechanical failure when purchased or financed through the card.

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Purchase protection

Coverage for eligible purchases against loss or damage for up to 120 days after purchase date.

Extended warranty

Extends manufacturer warranty by up to 2 additional years on eligible purchases made with the card.

Fraud protection and identity monitoring

Zero liability protection for unauthorized transactions plus security alerts and identity theft protection services.

The verdict

What we like

  • High cashback rates up to 4% on groceries
  • Strong everyday lifestyle earn (restaurants, entertainment, transport at 3%)
  • No FX markup advantage is absent but strong domestic value concentration
  • Comprehensive World Elite insurance stack (travel, mobile device, purchase protection)
  • Airport lounge access via Mastercard Travel Pass
  • High redemption flexibility with automatic cash back credit at $100 threshold
  • Strong grocery category dominance for household spend optimization

Worth noting

  • Annual fee of $100 reduces net yield for low spenders
  • High earn rates are heavily capped (groceries $10K, restaurants $6K annually)
  • No welcome bonus or acquisition incentive
  • Foreign transaction fee (~2.5%) makes it weak for travel spending
  • Complex category rules tied to MCC classification can reduce predictability
  • After caps, rewards drop to flat 1% reducing premium value proposition

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