Find my best card

Independent ClearFin review · Desjardins

Desjardins Cash Back World Elite Mastercard

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

Apply at DesjardinsCalculate my rewards
Independent comparisonFees includedCanadian card data
Annual fee
$100
Reward type
Cash back
Welcome offer
Not currently verified

Offers can change without notice

Insurance
Not listed

Confirm with the issuer

Desjardins Cash Back World Elite Mastercard🛒 4% Groceries
The ClearFin bottom line

🛒 4% Groceries

Its strongest published earn rate in our data is 4.0% on groceries. The $100 annual fee should be weighed against the rewards and benefits you expect to use.

Checked 2026-08-09 · Official issuer catalogue

Welcome bonus

No current welcome offer is verified in ClearFin's catalogue.

Issuer promotions change frequently. Check the card's official page before applying.

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
Costs and requirements

Fees & eligibility

Confirm final approval criteria and current rates directly with the issuer.

Annual fee$100
Purchase interest20.9%
Cash advance interest21.9%
Foreign transaction fee2.5%
Income requirement$80,000Issuer approval criteria apply
Additional card$30
Household income$150,000Alternative minimum
Recommended credit score700+ Good to Excellent (Canada premium tier)

Approval is based on premium World Elite Mastercard underwriting criteria, including credit history strength, debt-to-income ratio, and overall financial behavior. No fixed score is publicly disclosed.

ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. High-income eligibility requirement ($80,000 personal or $150,000 household) indicates elevated credit quality expectations typical of World Elite segmentation, with stricter approval standards than standard cashback cards.

Reward limits: Accelerated cashback categories are subject to annual spending caps. Once the cap is reached, all additional purchases in that category earn the base rate of 1%. Caps reset annually based on calendar year and apply per account.

Earning cap

Earning cap

Using your rewards

Redemption options

Redemption values and availability may vary by option and can change.

Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.

Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.

Beyond the points

Benefits that come with the card

Consider these extras by the value they add to purchases and experiences you already use.

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.

Show all 11 benefitsShow fewer

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.

Protection included

Insurance at a glance

No included coverage is verified in ClearFin's current catalogue.

Insurance is not currently listed for this product.

This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.

Check the official card page ↗

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
ClearFin analysis

Our detailed review

A practical reading of where the card earns, what the fee buys, and which limits matter.

🛒 4% Groceries

Up to 4% on groceries, up to 3% on restaurants, 3% on entertainment & alternative transport. 1% else.

How the rewards work

Groceries receive the strongest estimated return at 4.0%. Purchases outside the accelerated categories earn an estimated 1.0%.

What the annual cost means

Using the strongest estimated category return alone, roughly $2,500 in annual spending at that rate would equal the $100 fee before considering the value of insurance, partner benefits, or a welcome offer.

Who it may suit

This card is most relevant for someone who spends consistently on groceries and dining and can use enough of the included value to justify the yearly cost.

What to examine before applying

Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.

Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.