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Desjardins

Desjardins Cash Back Mastercard

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

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Annual fee
$0
Typical credit · 600+
Desjardins Cash Back Mastercard💸 Cash Back

How you earn

  • Up to 2% cash back on eligible purchases in bonus categories
  • 2% on restaurants
  • 2% on entertainment
  • 2% on alternative transportation
  • Up to 2% on pre-authorized payments
  • 0.5% cash back on all other purchases
  • Cash back is automatically credited when minimum redemption threshold is reached

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 coverage

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.

Mobile device insurance

Up to $1,000 coverage for eligible mobile devices against loss, theft, accidental damage, or mechanical failure when purchased or financed using the card.

Purchase protection

90-day protection against loss or damage for eligible items purchased with the card.

Extended warranty

Extends manufacturer warranty by up to 1 additional year on eligible purchases made with the card.

Car rental discounts

Discounts up to 15% with Hertz and up to 10% with Dollar and Thrifty when using the card for booking.

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Fraud protection and zero liability

Protection against unauthorized transactions with fraud monitoring alerts and zero liability coverage.

Credit balance insurance option

Optional insurance that can help cover outstanding balances in case of death, disability, or covered life events.

The verdict

What we like

  • No annual fee, making it highly accessible and low-friction
  • Simple cashback structure with up to 2% in key lifestyle categories
  • Strong everyday spend coverage (restaurants, entertainment, transport, pre-authorized payments)
  • Automatic cash back redemption once threshold is reached (no manual conversion required)
  • Wide Visa/Mastercard acceptance network usability
  • Basic insurance protections included (travel, purchase protection, extended warranty, mobile device coverage)
  • Good entry-level credit-building product for Canadian users

Worth noting

  • Low base earn rate of 0.5% on all non-bonus categories
  • No welcome bonus or acquisition incentive
  • No premium travel benefits or lounge access
  • Foreign transaction fee (~2.5%) reduces travel value
  • Category-based earning dependent on MCC classification (can reduce predictability)
  • Lower earning potential compared to World Elite or premium cashback tiers

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