cash-back4.1 / 5

Desjardins Cash Back World Elite Mastercard

Desjardins

Best for

High-income households that spend heavily on groceries and dining and want maximum cash back.

Apply on Desjardins

Annual fee

$100

FX fee

2.5%

Purchase APR

20.9%

Income req.

$80,000 personal / $150,000 household

Recommended credit score

725+

Approval difficulty

Hard 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

One of Canada's best grocery cash back cards, returning up to $400 a year on groceries alone for a $100 fee; the weak 3-day travel insurance is the main gap.

Reward rates

Groceries 4% on the first $10,000 in annual grocery purchases, then 1%	4%
Restaurants 3% on the first $6,000 in annual restaurant purchases, then 1%	3%
Entertainment	3%
Alternative transportation	3%
All other purchases	1%

Pros

Market-leading 4% on groceries and 3% on dining, entertainment and transit
Strong purchase protections and rental car coverage for the fee

Cons

Travel medical insurance only covers trips up to 3 days
Annual caps of $10,000 (groceries) and $6,000 (restaurants) on elevated rates
$80,000 personal income requirement

Perks

4% cash back on groceries, one of the highest rates in Canada
Mastercard Travel Pass (DragonPass) lounge access at 1,300+ lounges (US$32 per visit)
Complimentary Flexiroam 3x1GB global eSIM data plan
Car rental discounts at Hertz (up to 25%), Thrifty and Dollar
Mobile device insurance up to $1,500

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
Auto rental collision/loss damage (up to 48 days)
Mobile device insurance up to $1,500
Purchase protection (120 days) and extended warranty (+2 years)

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 Information may be simplified, incomplete, or out of date.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 World Elite Mastercard Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/desjardins-cash-back-world-elite-mastercard, updated June 2026.

Sources

Desjardins cardholder agreement and rates & fees disclosure
VaultNerd cards database