Skip to content
Mr. Loonie
Desjardins Cash Back World Elite Mastercard

Desjardins Cash Back World Elite Mastercard

Best for: Desjardins members who spend a lot on groceries and dining and want high cash back

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
Year one
$818
Every year after
$718

Ranked #42 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$100
The full offer. Up to $100 back.
Annual fee
$100 a year
Apply now on Desjardins’ site (opens in a new tab)
Needs $80,000 personal or $150,000 household income
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

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
3 quick questions

Is it for me?

Do you spend $250 or more a month on groceries?

Is your personal income $80,000 or more, or your household’s $150,000 or more?

Do you pay your card off in full most months?

Answer the 3 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 4% back on groceries
  • Good: Welcome offer up to $100

Watch for

  • Watch for: $100 a year You need about $250 a month on groceries to earn it back.
  • 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 $384
    4% back $800 a month · $384 a year
  • Restaurants $90
    3% back $250 a month · $90 a year
  • Gas $30
    1% back $250 a month · $30 a year
  • Recurring bills $30
    1% back $250 a month · $30 a year
  • Travel $18
    1% back $150 a month · $18 a year
  • Everything else $78
    1% back $650 a month · $78 a year
  • Foreign currency $18
    1% back $150 a month · $18 a year
For you Year one Later years
Cash back you earn $648 $648
Welcome offerYour spending wouldn’t reach it $100 $0
Annual fee −$100 −$100
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Travel medical insurance1 trip at $50 $50 $50
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Phone insurance$60 a year $60 $60
Total $818 $718

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
Groceries
4% back Up to $10,000 in spending per year.
Restaurants
3% back Up to $6,000 in spending per year.
Entertainment
3% back
Transit
3% back Alternative transportation such as transit, taxis and bike share
Everything else (base rate)
1% back
  • 3% cash back on Alternative transportation
  • 3% cash back on Entertainment Purchases

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

Welcome offer

Can your spending get the offer?

  1. 1

    $100

    Get approved for the card.

Offer end date not published.

Offer 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
  • Personal income $80,000 or more Issuer says
  • Household income $150,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

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

  • Milesopedia (opens in a new tab) Oct 2025

    “The Desjardins Cash Back World Elite Mastercard is a solid card for someone who likes the simplicity of cash back and who can take advantage of the higher earning rates in the grocery, restaurants, entertainment, and alternative transportation categories. The card is also a good choice for Costco shoppers, travellers who often take shorter trips and who can use the travel insurance, or someone who has upcoming plans to buy a new mobile device.”

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

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Travel medical $5,000,000 per person
  • Trip cancellation Included
  • Lost baggage Included
  • Mobile device $1,500 per device
  • Trip Cancellation or Interruption Coverage
  • Baggage Insurance
  • Mastercard Priceless benefits
  • Access to airport lounges worldwide
  • Get up to 25% off your Hertz car rental and up to 10% off your Thrifty or Dollar rental
  • Mobile device insurance
  • Desjardins Identity Protection
  • Access to Boingo Wi-Fi
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 and flight delay.

Fees and interest

What it costs

Annual fee
$100 a year
Purchase interest
20.9%
Cash advance interest
21.9%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$30
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: $818 year one, $718 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 World Elite Mastercard?

$100 a year. Each extra card costs $30.

How much is the Desjardins Cash Back World Elite Mastercard welcome offer worth?

$100 when you are approved, worth about $100.

What income do I need?

Desjardins asks for $80,000 in personal income.

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, trip cancellation or interruption coverage and baggage 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

$818
year one for you
Apply now on Desjardins’ site (opens in a new tab)
Compare
Compare is full