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The Desjardins Odyssey World Elite Mastercard is a card that comes with numerous travel perks, a reward program, and insurance coverage.
However, this card also comes with a steep minimum income requirement, an annual fee of $130, and an interest rate of 19.90%. This analysis will reveal whether or not this card is suitable for your needs.
Pros and cons of the Desjardins Odyssey World Elite Mastercard
Pros of the Desjardins Odyssey World Elite Mastercard
- Travel Insurance
- Car insurance
- Lounge access at many airports
- Zero liability on fraudulent credit card activities
Cons of the Desjardins Odyssey World Elite Mastercard
- Requires minimum annual personal income of $80,000 or household income of $150,000
- High interest rate of 19.90%
- No welcome bonus
Is Desjardins Odyssey World Elite Mastercard right for you? Our verdict
The Desjardins Odyssey World Elite Mastercard is good for travellers and car owners. That’s because this group of people would benefit more from its rewards program, its travel insurance, and its car insurance coverage.
Desjardins Odyssey World Elite Mastercard rewards
- Earn 3% on grocery purchases and 2% on entertainment purchases in BONUSDOLLARS
- Earn 2% on alternative transportation, 2% on restaurants, and 1.5% on all other purchases in BONUSDOLLARS
Perks of using Desjardins Odyssey World Elite Mastercard
- Access to over 1300 airport lounges
- Insurance will cover you for up to 60 days straight if you’re travelling.
- Over a million Boingo Wi-Fi hotspots are at your disposal
- Lounge access at Montréal-Trudeau Airport
- Earn cashback through Mastercard Travel Rewards
- 25% discount at all Hertz, Dollar, and Thrifty car rentals
- Loss damage insurance
- Auto rental collision insurance
- Mobile device insurance of up to $1,500
- Extended warranty and purchase protection for mobile devices
- Cash advances of up to $5,000
- Credit card bills typically have a 21-day grace period for payment.
- Overdraft transfer
- Credit balance insurance
- Desjardins Identity Protection program
- Zero liability when fraudulent transactions are made using your card
Desjardins Odyssey World Elite Mastercard fees
- $130 annual fee
- Extra card: Non-Desjardin members pay $40, while Desjardin members don’t pay any annual fees
- 2.50% conversion fee to convert all foreign currency transactions
Desjardins Odyssey World Elite Mastercard interest rates
- 19.90% for cash advances
- 19.90% for regular purchases
How to use Desjardins Odyssey World Elite Mastercard
Canadian residents are the only people allowed to use the Desjardins Odyssey World Elite Mastercard. This card requires the bearer to be of legal age in their country or state.
Owners of cards must earn at least $80,000 per year in personal income and $150,000 per year in household income. Owners of this card are also expected to have an active file with the Canadian credit bureau.
The Desjardins Odyssey World Elite Mastercard can be used when purchasing online or over the counter. This card can be used in physical restaurants, cinemas, grocery stores, and many other areas.
To use this card, you’ll have to swipe it over a card reader or insert it into the reader. If you’re making your purchase online, you can enter your card’s personal information to use it online.
Alternatives to Desjardins Odyssey World Elite Mastercard
If Desjardins Odyssey World Elite Mastercard isn’t a good option, you can try the cards below:
Desjardins Odyssey World Elite Mastercard Vs. Cash Back Mastercard
Both cards offer the same interest rate. However, the Cash Back Mastercard has no annual fee. The Cash Back Mastercard offers no reward programs, but it offers 2% cashback on most of your purchases.
There’s no minimum annual income requirement for using the Cash Back Mastercard, nor are there any fees for additional cards. The Cash Back Mastercard offers lower cash advances of $2,500 and no travel perks.
Desjardins Odyssey World Elite Mastercard Vs. Cash Back Visa
The interest rates for both cards are the same, but the Cash Back Visa has no annual fees. The Cash Back Visa doesn’t offer a rewards program, but it offers 2% cashback on most purchases.
The Cash Back Visa has no income restrictions; therefore, anyone can apply for one. The Cash Back Visa allows you to receive a smaller cash advance of $2,500 and repay it over time.
Desjardins Odyssey World Elite Mastercard Vs. Cash Back World Elite Mastercard
Although the interest rates of both cards are similar, the annual fee for the Cash Back World Elite Mastercard is lower at $100.
The Cash Back World Elite Mastercard offers cashbacks on most purchases, but it has no reward programs. The grace period, cash advances, purchase protection, insurance, and car rental discounts are all the same for both cards.
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