Desjardins: Changes and Devaluation of Certain Credit Cards
Changes to Desjardins Credit Cards
Desjardins has announced changes to its credit cards, effective June 29, 2025:
- Odyssey Gold Visa
- Odyssey World Elite Mastercard
- Odyssey Visa Infinite Privilege
- Cash Back World Elite Mastercard
For these Desjardins credit cards, there will be changes to one or more of these aspects:
- Addition of a Travel Category
- Reduction of the accumulation rate for the Other Category
- Desjardins is introducing annual fees for all additional cards for its members.
As a reminder, a devaluation also took place on November 29, 2023, where holders of these cards were then required to adhere to an accumulation cap on certain faster accumulation categories.
Flexi Visa, Cash Back Visa, Cash Back Mastercard, and BONUSDOLLARS Visa credit cards are not affected by these changes.
Changes to the Cash Back World Elite Mastercard Credit Card
Annual fee for an additional card
As of June 29, 2025, an annual fee of $30 will be charged for each additional card, including for Desjardins members. This new measure differs from the previous policy, which imposed no fee at all.
Changes to the Odyssey Gold Visa Credit Card
Changes in the accumulation of BONUSDOLLARS
From June 29, 2025, there will be 2 changes, including a devaluation:
- A new travel category that earns 2% in BONUSDOLLARS
- Decrease in the Other category from 1% to 0.65%
Annual fee for an additional card
As of June 29, 2025, an annual fee of $30 will be charged for each additional card, including for Desjardins members. Previously, there was no fee.
Changes to the Odyssey World Elite Mastercard Credit Card
Changes in the accumulation of BONUSDOLLARS
From June 29, 2025, there will be 3 changes, including a devaluation:
- A new travel category that earns 2% in BONUSDOLLARS
- Decrease in the Other category from 1.5% to 1%.
- Restaurant category will increase by 2% to 3%.
Annual fee for an additional card
As of June 29, 2025, an annual fee of $40 will be charged for each additional card, including for Desjardins members. Previously, there was no fee.
Changes to the Odyssey Visa Infinite Privilege Credit Card
Changes in the accumulation of BONUSDOLLARS
From June 29, 2025, this credit card will be devalued:
- Decrease in the Other category from 1.75% to 1.5%.
Annual fee for an additional card
Then, as of June 29, 2025, an annual fee of $95 will be charged for each additional card, including for Desjardins members. Previously, there was no fee.
This card is the hardest hit, as the Other category is reduced and you’ll also have to pay $95 for all additional cards.
For example, if you charge $1,000 a month to your card in the Other category, you’ll accumulate $15 a month instead of $17.50. At the end of the year, you’ll lose out because you’ll accumulate $180 instead of $210. In addition, you’ll have to pay $95 in annual fees for an additional card (if applicable).
This leaves you with $85 net in BONUSDOLLARS, compared to your $210 before the changes.
Bottom Line
The BONUSDOLLARS program is one of the most popular in Quebec.
It’s always a shame to see a devaluation or additional fees in rewards programs. If you have an additional cardholder on your main card, you’ll need to spend more to offset the annual fee on these Desjardins credit cards.
If these changes no longer suit you, we recommend that you carefully assess your needs and expenses. Take this opportunity to dust off your wallet, especially if you’ve had your credit card since you were a student!
You could opt for a credit card that:
- Offers access to VIP airport lounges worldwide and flexible points redeemable for travel (Scotiabank Visa Infinite Passport Card)
- Is advantageous with 5 times the points at the grocery store and easy-to-redeem rewards (American Express Cobalt® Card)
- Gives an annual travel credit of $150 and the opportunity to invest points (National Bank World Elite Mastercard)
- Offers a ton of welcome points, a $100 annual travel credit, and complimentary entries to airport lounges (TD First Class Travel® Visa Infinite* Card)
Take a look at our Credit Card Comparator, and our suggested alternatives to find the next card that will better suit your needs.
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $150 | |||
| $0 | |||
| $191.88 | |||
| $0 |
Our featured card
- Annual fee
- $120
- Our valuation
- $990Milesopedia first-year estimate First-year valueWelcome bonus$990Total$990Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Milesopedia first-year estimateFirst-year valueWelcome bonus$990Total$990Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Welcome offer
- Up to 110,000 points
- Ends Sep 22, 2026
on American Express's website
Apply with confidence — no impact on your credit scoreApply with confidenceCheck whether your application will be approved before you submit it, with no impact on your credit score*When you apply for a personal American Express Credit Card, we will tell you whether you are eligible without affecting your credit score. So you can apply with confidence.*Instant decisions are only available for consumer Card applications (also called “personal Cards”).
Our editorial integrity
Our reviews and rankings are based on an objective assessment. Advertisers do not influence our content. We may receive compensation through some links; our analysis and opinions remain independent.