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Mr. Loonie
Desjardins Cash Back Visa

Desjardins Cash Back Visa

Best for: Desjardins members who want cash back on dining and entertainment with no annual fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Every year
$305

Ranked #105 of 176 for year one. See the list

See how we worked it out
Annual fee
None
Apply now on Desjardins’ site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from Desjardins’ site. Banks can update terms at any time, so give them a quick look before you apply. Source

What you’d earn Can I get it? Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: 2% back on restaurants, recurring bills, entertainment and transit
  • Good: No annual fee It costs nothing to keep.

Watch for

  • Watch for: Everything else earns 0.5% back That’s low for everyday spending.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

  • Groceries $48
    0.5% back $800 a month · $48 a year
  • Restaurants $60
    2% back $250 a month · $60 a year
  • Gas $15
    0.5% back $250 a month · $15 a year
  • Recurring bills $60
    2% back $250 a month · $60 a year
  • Travel $9
    0.5% back $150 a month · $9 a year
  • Everything else $39
    0.5% back $650 a month · $39 a year
  • Foreign currency $9
    0.5% back $150 a month · $9 a year
For you Year one Later years
Cash back you earn $240 $240
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Travel medical insurance1 trip at $50 $50 $50
Phone insurance$60 a year $60 $60
Total $305 $305

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Restaurants
2% back Up to $3,600 in spending per year. Then 0.5% back..
Recurring bills
2% back Up to $3,600 in spending per year. Then 0.5% back.. Pre-authorized payments
Entertainment
2% back
Transit
2% back Alternative transportation such as transit, taxis and bike share
Everything else (base rate)
0.5% back
  • 2% cash back on Entertainment purchases
  • 2% cash back on Alternative transportation
  • 2% cash back on Pre-authorized payments
  • After your first $3,600 in annual purchases in the Restaurants and Pre-authorized payments categories, earn 1% cash back thereafter

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Newcomer program Desjardins offer for newcomers For people 25 and over who are permanent residents, or have a work permit valid for more than 8 months, and have lived in Canada 3 years or less. The card is approved on a regular credit check. Apply through an advisor.
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

  • Finder (opens in a new tab) Jan 2021

    “The Desjardins Visa Cash Back and Desjardins Mastercard Cash Back credit cards are good cards to use if you plan on using them on everyday purchases. With a cash back rebate of up to 2% on all contactless and pre-authorized payments, you’ll easily be able to accumulate a good amount of cash back with one of these fee-less credit cards. The cards also offer a few different but very basic insurance options, but they do not come with any significant travel perks or rewards.”

  • GreedyRates.ca (opens in a new tab) Jul 2018

    “Overall, the Desjardins Cashback Visa/Mastercard is a solid choice for individuals looking for a free credit card that doesn’t have exorbitant income requirements and offers some decent perks to boot.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Travel medical $5,000,000 per person
  • Trip cancellation Included
  • Lost baggage Included
  • Mobile device $1,000 per device
  • Mobile Device Insurance
  • Trip Interruption and Cancellation Insurance
  • Baggage Insurance
  • Up to 10% discount at participating Hertz locations worldwide.
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read Desjardins’ insurance certificate before you count on any coverage.

Not included

Not listed for this card: trip interruption, flight delay and car rental damage.

Fees and interest

What it costs

Annual fee
None
Purchase interest
20.9%
Cash advance interest
21.9%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Cash advance fee
$0.00
Over-limit fee
None
Late payment fee
None
Source
Issuer page

Interest rates

Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $305 year one, $305 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Desjardins Cash Back Visa?

There is no annual fee.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

20.9% on purchases. Cash advances are 21.9%.

Does it include insurance?

It lists extended warranty, purchase protection, mobile device insurance and trip interruption and cancellation insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$305
a year for you
Apply now on Desjardins’ site (opens in a new tab)
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