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Desjardins Flexi Visa Card is one of the key offerings of Desjardins Bank besides its insurance packages. It is a zero-annual free credit card that comes with travel insurance for trips of up to three days. The interest rate on the Flexi Visa card is also really low at a mere 10.9 percent.
Pros and cons of the Desjardins Flexi Visa
Pros of the Desjardins Flexi Visa
- No annual fees
- Low rate of interest
- Includes free travel insurance for trips that will take only 3 days.
- Coverage for cancelled or interrupted trips
- It can be used to make foreign transactions.
Cons of the Desjardins Flexi Visa
- Failure to remit minimum payments by the due date attracts an annual credit of 19.9 percent. The credit will stand until you have made the payments.
- Flexi Visa doesn’t offer you any rewards
Is Desjardins Flexi Visa right for you? Our verdict
Desjardins Flexi Visa card is right for people looking for a credit card with the lowest interest rate and no annual fees. It’s also perfect if you feel that you may be incapable of paying your minimum by the due date. This is because you get a grace period of 25 days without any interest, except you get a cash advance.
Desjardins Flexi Visa rewards
Desjardins Flexi Visa card does not include any rewards. However, with a Flexi Visa card, you won’t need to pay annual fees even after getting additional cards.
Perks of using Desjardins Flexi Visa
- Desjardins Flexi Visa cards have no annual fees and an interest rate of only 10.09 percent.
- With a Flexi Visa card, you and your family get to enjoy free travel insurance. However, the insurance can only cover trips that don’t exceed 3 days. The coverage includes healthcare emergencies ($5 million for each individual) and 24/7 travel assistance.
- Fifteen percent discount when you rent a car at Hertz. You won’t pay an additional charge even if more than one person drives. If you rent a car at Thrifty or Dollar, you get 10 percent off without an additional charge for extra drivers.
- You can use your Flexi Visa card to make wireless payments on Google Pay, Apple Pay, and PayWave.
Desjardins Flexi Visa fees
- Desjardins Flexi Visa requires an interest rate of 10.9 percent for cash advance
- You have to pay an interest rate of 10.9 percent for a regular purchase
- A rate of 19.9 percent when you don’t pay your minimum balance by the due date
- Foreign transactions that are charged to your account are converted to Canadian dollars. You will then be charged 2.5 percent of the total transaction.
Interest Rates
- 10.9 percent on balance transfer
- 10.9 percent on regular APR
- 10.9 percent on cash advance
How to Use Desjardins Flexi Visa
Flexi Visa can be used to make payments, rent cars, pay for trips, and for getting cash advances. You are also allowed to transfer your balance to the card. To use the Flexi Visa card, you need to be at least 18 years of age. This age applies to people in Alberta, Manitoba, Ontario, Saskatchewan, Prince Edward Island, and Quebec.
In other provinces, you must be at least 19 years old to get a Flexi Visa credit card. You also need to be a permanent or temporary resident of Canada to use the card. You can use the Flexi Visa card anywhere around the world because it allows foreign transactions.
Alternatives to Desjardins Flexi Visa
The following are alternatives to the Flexi Visa card;
Desjardins Flexi Visa Vs. Desjardins Bonus Visa*
Desjardins Bonus Visa credit card has a 19.9 percent interest rate. Like the Flexi Visa card, it does not include annual fees. However, it offers you 2 percent off on purchases made in BONUSDOLLAR, which you can redeem. 1 BONUSDOLLAR is equal to $1.
Flexi Visa Vs. Desjardins Cash Back Visa*
Desjardins Cash Back Visa card does not include any annual fees, like the Flexi Visa card. However, unlike the Flexi Visa credit card, it offers 2 percent on purchases as a reward. Although, the interest rate is 19.9 percent which is higher than the Flexi Visa card’s 10.9 percent.
Flexi Visa Vs. Desjardins Cash Back Mastercard®
Just the Flexi Visa card, Desjardins Cash Back Mastercard does not include the payment of annual fees. However, the interest rate is a little higher than the Flexi card – you pay an interest rate of 19.9 percent. The Cash Back Mastercard® offers you 2 percent off on your purchases as a reward, but the Flexi Card doesn’t.
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