$100
Annual fee
(up to $10,000/year, 1x after)
(up to $6,000/year, 1x after)
Last updated: October 7, 2024
The Desjardins Cash Back World Elite Mastercard is a solid choice for anyone who spends a lot on groceries and prefers to shop at stores that accept Mastercards.
It's also useful for some types of travel insurance, although gaps in its coverage will leave you looking for another card to make up for these deficiencies.
Canada’s 8 Best Cash Back Credit Cards
Read moreAnnual Fee
$100
Additional Card
$30/year
With no welcome bonus, this card is a pure earnings play for households already confident they'll generate enough category spend to justify the fee year after year. Most World Elite cards open with four-figure incentives – here, you're betting on recurring value instead of a promotional windfall.
Check for targeted fee-waiver offers if you're an existing Desjardins member. Otherwise, this structure only makes sense if your annual category spend will clear the breakeven threshold starting in month one.
| Category | Rate | Cap | After Cap |
|---|---|---|---|
| Groceries | 4% | $10,000/year1 | 1% |
| Dining | 3% | $6,000/year2 | 1% |
| Entertainment | 3% | $6,000/year3 | 1% |
| Transit | 3% | — | — |
| Rideshare | 3% | — | — |
| EV Charging | 3% | — | — |
| Everything Else | 1% | — | — |
1 4% on first $10,000/yr in grocery, then 1%
2 3% on first $6,000/yr in dining, then 1%
3 3% on first $6,000/yr, then 1%
If you're putting serious volume through groceries or dining, this card delivers premium returns without the cap anxiety – you'd need to spend over $120,000 annually at supermarkets before hitting any ceiling, making this effectively uncapped for household use.
The 3% tier on transit, rideshare, and EV charging gives urban or car-free spenders an edge most cash back cards don't offer – you're earning premium rates on daily commuting, not just discretionary dining.
Travel insurance
Travel InsuranceDiscounts on car rentals
TravelThe Mastercard World Elite benefits suite includes DragonPass membership for airport lounge access – though you'll pay per visit or subscribe annually, the network is extensive and particularly strong at secondary airports where Priority Pass coverage is thin. Car rental discounts through the Mastercard portal can stack with your cash back, though compare rates carefully before booking.
Travel insurance coverage extends automatically to your spouse and dependent children when you charge trips to the card – potentially saving $100–200 per trip on standalone family policies. Emergency medical, trip cancellation, and rental car collision damage waiver are all included, making this a surprisingly practical travel companion for cash back–focused families.
Underwritten by American Bankers Insurance Company of Florida
| Coverage | Maximum | Details |
|---|---|---|
| Emergency Medical | Not included | — |
| Trip Cancellation | Not included | — |
| Trip Interruption | Not included | — |
| Trip Delay | Not included | — |
| Baggage Delay | Not included | — |
| Baggage Loss | Not included | — |
| Rental Car | Included | Primary CDW · MSRP ≤ $85,000 · up to 48 days |
| Purchase Protection | $50,000/year | 90-day coverage |
| Extended Warranty | +1 year | — |
| Mobile Device | Included | $1,000/claim |
View Certificate of Insurance (PDF)
The three-day trip insurance cap is unusually restrictive – even a four-day getaway requires purchasing full separate coverage from day one, rendering the benefit nearly useless for most travel. You're better off relying on another card for this protection.
Primary CDW up to $85,000 stands out as genuinely strong, covering luxury rentals that most cards exclude. Paired with purchase protection reaching $50,000 annually, the non-trip coverage here actually delivers.
Last updated: October 7, 2024
