Guru Pickcash back

Desjardins Cash Back World Elite Mastercard

4% groceries — 4% on the first $10,000 in annual grocery purchases, then 1%
3% restaurants — 3% on the first $6,000 in annual restaurant purchases, then 1%
3% entertainment

Annual fee: $100
Interest rates: Purchases
20.9%
Cash advances
21.9%
Foreign transactions: 2.5%

Rated by the CreditCardGuru Editorial Team

One of Canada's best grocery cash back cards, returning up to $400 a year on groceries alone for a $100 fee; the weak 3-day travel insurance is the main gap.

At a glance

Annual fee: $100
Foreign tx fee: 2.5%
Network: MASTERCARD
Rewards: cash back
Purchase APR: 20.9%

Rewards & earn rates

Groceries4% on the first $10,000 in annual grocery purchases, then 1%	4%
Restaurants3% on the first $6,000 in annual restaurant purchases, then 1%	3%
Entertainment	3%
Alternative transportation	3%
All other purchases	1%

Pros & cons

Pros

Market-leading 4% on groceries and 3% on dining, entertainment and transit
Strong purchase protections and rental car coverage for the fee

Cons

Travel medical insurance only covers trips up to 3 days
Annual caps of $10,000 (groceries) and $6,000 (restaurants) on elevated rates
$80,000 personal income requirement

Perks & insurance

Key perks

4% cash back on groceries, one of the highest rates in Canada
Mastercard Travel Pass (DragonPass) lounge access at 1,300+ lounges (US$32 per visit)
Complimentary Flexiroam 3x1GB global eSIM data plan
Car rental discounts at Hertz (up to 25%), Thrifty and Dollar
Mobile device insurance up to $1,500

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
Auto rental collision/loss damage (up to 48 days)
Mobile device insurance up to $1,500
Purchase protection (120 days) and extended warranty (+2 years)

Rates & fees

Annual fee: $100
Purchase interest: 20.9%
Cash advance: 21.9%
Foreign transactions: 2.5%
Min. personal income: $80,000

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.

Similar cards to consider

Guru Pick Scotiabank

Scotia Momentum® Visa Infinite +* Card

4.5·Households with large grocery and bill spending who want maximum cash back.

Annual fee: ~~$120~~ $0
Welcome bonus: $300
Top reward: 4% groceries

Top-tier 4% on groceries and recurring bills
Multi-year winner of best cash back card awards

Suggested score 720+ · Excellent credit

Apply now View details

Guru Pick CIBC

CIBC Dividend Visa Infinite Card

4.5·Households with heavy grocery and gas spend who want maximum cash back.

Annual fee: ~~$120~~ $0
Welcome bonus: $350
Top reward: 4% groceries

4% on gas and groceries is among the highest in Canada
Strong 2% middle tier covers dining, transit and bills

Suggested score 720+ · Excellent credit

Apply now View details

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

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

200+ Canadian cards tracked
Transparent rating methodology
Updated continuously

Cite this page

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