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If you’re considering getting a Desjardins Cashback World Elite Mastercard, here are some perks that make the card enticing. First, you get $1,000 coverage for cancelled trips after departure.
If the trip was cancelled before your departure, you qualify for $500 in coverage. Desjardins Cashback World Elite Mastercard also provides $500 coverage for your baggage if it gets lost, damaged, or stolen.
Pros and cons of the Desjardins Cashback World Elite Mastercard
Pros of the Desjardins Cashback World Elite Mastercard
- Twenty-five percent off of the car rental rate at Hertz. For Thrifty or Dollar, the discount rate is 10 percent.
- Travel assistance that is available 24 hours a day, 7 days a week
- $500 coverage for cancelled trips before departure and $1,000 coverage for cancellations after departure.
- $500 coverage for lost or stolen baggage.
- Security text message alerts when unusual activity is detected on your card
Cons of the Desjardins Cashback World Elite Mastercard
- An annual fee of $100 accrues to your card per year.
- You must have at least $80,000 in personal income per year.
Is the Desjardins Cashback World Elite Mastercard right for you? Our verdict
With the Desjardins Cashback World Elite Mastercard, you qualify for coverage for healthcare emergencies. This is good for you, especially if you’re advanced in age (between 60 and above).
Desjardins Cashback World Elite Mastercard rewards
- You get 4 percent off of your groceries, meaning you get a cashback of $28 every month if you spend $700 a month on groceries.
- Spending on restaurants, entertainment, and transportation earns you a discount of 3 percent.
- You get a discount of 1 percent on all other purchases.
Perks of using Desjardins Cashback World Elite Mastercard
The following are some of the benefits of using a Desjardins Cashback World Elite Mastercard;
- Desjardins Cashback World Elite Mastercard qualifies you for healthcare coverage that is up to $5 million. However, this coverage only applies to healthcare emergencies.
- You also qualify for coverage for cancelled trips. If, for some reason, your trip was cancelled before departure, coverage of $500 applies. However, for cancellation after departure, the coverage is $1,000. However, the coverage only applies when you use your card to pay for a ticket.
- Owning a Desjardins Cashback World Elite Mastercard also qualifies you for coverage on your baggage. This applies in the event that your baggage gets damaged, stolen or delayed for over 6 hours or lost. The coverage is about $500.
- Furthermore, you have access to 24/7 travel assistance in any location around the globe.
- You get a 25 percent discount when you rent a car at Hertz. And 10 percent off when you rent at Thrifty or Dollar.
- You also get insurance on your rental car that lasts for 48 days. This insurance applies when your rental car is either stolen or lost.
Desjardins Cashback World Elite Mastercard fees
- $100 annual fee
- $30 for an extra card
Desjardins Cashback World Elite Mastercard interest rates
- 19.9% on your Desjardins Cashback World Elite Mastercard per annum on cash advances
- 19.9% on the purchases you make
- 19.9% on bank transfers
How to use the Desjardins Cashback World Elite Mastercard
You must clear two requirements to use the Desjardins Cashback World Elite Mastercard. First, you must have a credit score between 760 and 900. Second, your annual personal income must be up to $80,000, or your household income must be up to $150,000. You can use the card to make purchases or rent a car.
Alternatives to Desjardins Cashback World Elite Mastercard
Below are some of the alternatives to Desjardins Cashback World Elite Mastercard:
Desjardins Cashback World Elite Mastercard vs. Desjardins Odyssey Visa Infinite Privilege Credit Card
The Desjardins Odyssey Visa Infinite Privilege Credit Card offers you a cash advance at an interest rate of 10.9%. Unlike the Desjardins Cashback World Elite Mastercard, your income must be $150,000 a year to qualify for this card. Or, at least, you must have a household income of $200,000.
Desjardins Cashback World Elite Mastercard vs. Desjardins Bonus Visa Credit Card
Desjardins Bonus Visa Credit Card does not include any annual fees like the Desjardins Cashback World Elite Mastercard. When you pay for purchases using the Desjardins Bonus Visa Credit Card, you get 2 percent off.
Desjardins Cashback World Elite Mastercard vs. Desjardins Flexi Visa
Desjardins Flexi Visa is a card that, unlike the Desjardins Cashback World Elite Mastercard, does not include any annual fees. It offers a 10.9 percent interest rate and provides $1,000 insurance coverage for mobile devices purchased with the card.
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