VaultNerd
Desjardins Cash Back Mastercard
cash-back3.6 / 5

Desjardins Cash Back Mastercard

Desjardins

Best for

Desjardins members who want no-fee cash back on dining, entertainment and recurring bills with bonus short-trip insurance.

Apply on Desjardins
Annual fee
None
FX fee
2.5%
Purchase APR
20.9%
Income req.
—
Recommended credit score
640+
Approval difficulty
Moderate approval

VaultNerd estimate based on the card's tier and income requirements — not an official issuer cutoff. Approval also depends on income, debt, and credit history.

Our verdict

A surprisingly well-rounded no-fee cash back card with 2% in useful categories and short-trip travel insurance, though the 0.5% base rate and low category caps limit its ceiling.

Reward rates

Restaurants
2% on the first $3,600 in annual restaurant purchases, then 0.5%
2%
Entertainment
2%
Alternative transportation
Public transit, taxis, buses and EV charging stations
2%
Pre-authorized payments
2% on the first $3,600 in annual pre-authorized payments, then 0.5%
2%
All other purchases
0.5%

Pros

  • Solid 2% categories on a no-fee card
  • Rare no-fee card with travel medical insurance (3 days) and mobile device coverage

Cons

  • Low 0.5% base rate on everything else
  • $3,600 annual cap on the 2% restaurant and pre-authorized payment categories

Perks

  • Free 3-day travel insurance for trips up to 3 days
  • Mobile device insurance up to $1,000
  • Car rental discounts at Hertz (up to 15%), Thrifty and Dollar
  • No annual fee for additional cards
  • Cash back automatically credited at $25 accumulated

Insurance

  • Travel emergency medical up to $5M (trips up to 3 days, age 75 and under)
  • Trip cancellation ($500 before / $1,000 after departure)
  • Baggage insurance up to $500 per person
  • Mobile device insurance up to $1,000
  • Purchase protection (90 days) and extended warranty (+1 year)
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.
Written by
The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“Desjardins Cash Back Mastercard Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/desjardins-cash-back-mastercard, updated June 2026.

Sources
  • Desjardins cardholder agreement and rates & fees disclosure
  • VaultNerd cards database