cash backno fee

Desjardins Cash Back Mastercard

2% restaurants — 2% on the first $3,600 in annual restaurant purchases, then 0.5%
2% entertainment
2% alternative transportation — Public transit, taxis, buses and EV charging stations

Annual fee: No annual fee
Interest rates: Purchases
20.9%
Cash advances
21.9%
Foreign transactions: 2.5%

Rated by the CreditCardGuru Editorial Team

A surprisingly well-rounded no-fee cash back card with 2% in useful categories and short-trip travel insurance, though the 0.5% base rate and low category caps limit its ceiling.

At a glance

Annual fee: No annual fee
Foreign tx fee: 2.5%
Network: MASTERCARD
Rewards: cash back
Purchase APR: 20.9%

Rewards & earn rates

Restaurants2% on the first $3,600 in annual restaurant purchases, then 0.5%	2%
Entertainment	2%
Alternative transportationPublic transit, taxis, buses and EV charging stations	2%
Pre-authorized payments2% on the first $3,600 in annual pre-authorized payments, then 0.5%	2%
All other purchases	0.5%

Pros & cons

Pros

Solid 2% categories on a no-fee card
Rare no-fee card with travel medical insurance (3 days) and mobile device coverage

Cons

Low 0.5% base rate on everything else
$3,600 annual cap on the 2% restaurant and pre-authorized payment categories

Perks & insurance

Key perks

Free 3-day travel insurance for trips up to 3 days
Mobile device insurance up to $1,000
Car rental discounts at Hertz (up to 15%), Thrifty and Dollar
No annual fee for additional cards
Cash back automatically credited at $25 accumulated

Insurance

Travel emergency medical up to $5M (trips up to 3 days, age 75 and under)
Trip cancellation ($500 before / $1,000 after departure)
Baggage insurance up to $500 per person
Mobile device insurance up to $1,000
Purchase protection (90 days) and extended warranty (+1 year)

Rates & fees

Annual fee: None
Purchase interest: 20.9%
Cash advance: 21.9%
Foreign transactions: 2.5%

Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but Desjardins can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on Desjardins's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and Desjardins's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with Desjardins. Trademarks belong to their respective owners.

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Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

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Cite this page

“Desjardins Cash Back Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/desjardins-cash-back-mastercard, updated June 7, 2026.