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Desjardins Odyssey Gold Visa is another line of credit cards from the Desjardins credit company. This card comes with a 19.9% interest rate, a $110 annual fee, and a rewards program. Besides this, it also comes with numerous perks, but is this card good for you?
This Desjardins Odyssey Gold Visa review will cover all that this card has to offer. That way, you’ll know if it’s a good choice or if you should find an alternative.
Pros and Cons of the Desjardins Odyssey Gold Visa
Pros of the Desjardins Odyssey Gold Visa
- No minimum income requirements.
- Mobile device insurance
- Comprehensive travel insurance
- Zero liability for credit card fraud
Cons of the Desjardins Odyssey Gold Visa
- A high-interest rate of 19.9%
- Purchase rewards are only 2%.
- No welcome bonus
Is Desjardins Odyssey Gold Visa right for you? Our verdict
This card is for people who travel regularly so that they can make use of its numerous insurance benefits and purchase rewards.
Desjardins Odyssey Gold Visa rewards
- Earn 2% of all your alternative transportation, entertainment, pre-authorized payment, and restaurant purchases in BONUSDOLLARS.
- Earn 1% of all other purchases in BONUSDOLLARS.
Perks of using Desjardins Odyssey Gold Visa
- Travel insurance covers you for up to 60 days in a row.
- Lounge access at Montréal-Trudeau Airport
- Discounts of up to 25% when you rent cars at Hertz, Thrifty, and Dollar
- Auto rental collision insurance for up to 48 consecutive days
- Insurance against loss or damage for up to 48 consecutive days
- Mobile device insurance of up to $1,000
- Purchase protection and an extended warranty
- Cash advance of up to $5,000 a day with an interest rate of 19.9%
- Overdraft transfer
- 21-day grace period to pay balances without recurring interest
- Credit balance insurance
- Security alerts by SMS when unusual activity is detected on the card
- zero liability when fraudulent transactions are made with the card.
- Desjardins Identity Protection safeguards your assets during identity theft scenarios.
Desjardins Odyssey Gold Visa fees
- Annual fee: $110
- Household income requirement: $0
- Minimum income requirement: $0
- Additional card: $30 for non-Desjardin members and $0 for Desjardin members
- 2.50% of the transaction rate for all foreign currency transactions charged to your account
Desjardins Odyssey Gold Visa interest rates
- Cash interest rate: 19.90%
- Purchase interest rate: 19.90%
- Balance transfer interest rate: 19.90%
How to use Desjardins Odyssey Gold Visa
Only Canadian citizens who have reached the age of majority in their home country are eligible to use the Desjardins Odyssey Gold Visa. The users of this card would also need to have an active file with a Canadian credit bureau. Eligible owners of the Desjardins Odyssey Gold Visa should have already applied for a credit account more than 3 years ago.
The Desjardins Odyssey Gold Visa is a credit card that you can use for any purchase. You can use this card to pay for your online purchases, travel payments, and any other bills that you may have.
To use the Desjardins Odyssey Gold Visa, you can simply swipe it at the checkout or insert it in a card reader. If you’re shopping online, you can enter the credit card’s details, like its card number, to use it for payment.
Alternatives to Desjardins Odyssey Gold Visa
If you want to consider other options besides Desjardins Odyssey Gold Visa, below are some other worthwhile alternatives.
Desjardins Odyssey Gold Visa vs. Odyssey World Elite
Although both cards have a 19.9% interest rate, the Desjardins Odyssey Gold Visa has a lower annual fee of $110. The eligibility requirement for owning the Odyssey World Elite is a personal income of $80,000. Both cards offer travel insurance, car rental discounts, auto rental insurance, and purchase insurance; however, Odyssey World Elite offers numerous travel perks.
Desjardins Odyssey Gold Visa vs. Odyssey Visa Infinite Privilege
Odyssey Visa Infinite Privilege offers a lower interest rate of 10.9% but a higher annual fee of $395 for non-Desjardin members. The rewards program for Odyssey Visa Infinite Privilege is higher, and its eligibility requires a minimum personal annual income of $150,000. Both cards have similar travel insurance, car rental discounts, auto rental insurance, grace periods, and cash advances.
Desjardins Odyssey Gold Visa vs. Cash Back World Elite Mastercard
Both cards have the same interest rate, but the annual fee for the Cash Back World Elite Mastercard is lower at $100. The Cash Back World Elite Mastercard offers no reward program, but it offers a cashback of 3% on most purchases. Both cards’ cash advances and grace periods are equal; however, the Desjardins Odyssey Gold Visa offers better travel insurance.
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