Review: Desjardins Odyssey World Elite Mastercard

Desjardins Odyssey World Elite Mastercard and its Benefits

The Desjardins Odyssey World Elite Mastercard stands out with a different approach: instead of relying on a welcome offer that fluctuates with promotions, it provides generous benefits from your very first use.

With this card, you can earn BONUSDOLLARS rewards on your daily purchases and it offers peace of mind when travelling.

Desjardins Odyssey World Elite Mastercard – Annual Fees

The annual fee is $130. An additional card has an annual fee of $40 for both members and non-members.

To be eligible for this card, one of these conditions must be met:

• a minimum annual individual income of $80,000 or;
• a minimum family income of $150,000 or;
• assets under management of $400,000 or more (such as financial investments, a cottage, or an income property).

Desjardins Odyssey World Elite Mastercard – Earning BONUSDOLLARS

With the Desjardins Odyssey World Elite Mastercard, you can earn up to 3% of your purchases in BONUSDOLLARS.

To learn more about this Desjardins program, please consult our BONUSDOLLARS guide here.

A percentage of your spending on the Desjardins Odyssey World Elite Mastercard is converted into BONUSDOLLARS, depending on where the purchase is made.

• 3% on grocery purchases (up to $10,000 in purchases per year, then the accumulation rate is 1%)
• 3% on restaurant purchases (up to $6,000 in purchases per year, then the accumulation rate is 1%)
• 2% on entertainment and public transit purchases
• 2% on travel purchases (up to $20,000 in purchases per year, then the accumulation rate is 1%)
• 1% for all other categories

For example, if you spend $100 on groceries, you’ll earn $3 ($100 x 3%) in BONUSDOLLARS.

Desjardins Odyssey World Elite Mastercard – Travel Insurance

When travelling, this card offers comprehensive insurance coverage for up to 60 consecutive days for:

• Emergency medical care
• Trip cancellation
• Theft, loss, or damage to luggage

All these coverages are valid for the cardholder, their spouse, and their dependent children. Even grandchildren can benefit from intergenerational coverage at no extra cost when travelling with the cardholder.

For all the conditions and coverages listed below, I advise you to carefully read the Travel Insurance Guide for the Desjardins Odyssey World Elite Mastercard. If you have any questions, please do not hesitate to contact Desjardins Insurance at 1-855-368-6924.

Travel Medical Insurance with the Desjardins Odyssey Visa Card

Emergency medical care coverage is up to $5,000,000 per person per trip. It includes transportation, repatriation, living expenses and dental care. The duration of this coverage depends on the traveller’s age and is one of the most generous among all credit cards:

• 60 days for those 59 years or younger
• 31 days for 60-64 year olds
• 15 days for 65 to 75 years old

Are you 65 or older? Think about everyday savings too: we've gathered the senior discounts in British Columbia.

Trip Cancellation for the Desjardins Odyssey World Elite Mastercard

The coverage is $2,500 per person if the trip is cancelled before departure. If the trip is cancelled after departure, coverage is unlimited.

However, the ticket must have been paid for with the Desjardins Odyssey World Elite Mastercard.

Theft, Loss or Damage of Luggage

Compensation for loss, theft, or damage to luggage caused by the public carrier is up to $1,000 per person. It includes reimbursement of expenses if official documents (such as a passport) are stolen, damaged or lost.

If there is a baggage delay of more than 6 hours, the compensation can be up to $500.

Desjardins Odyssey Travel Assistance Service

In addition, a travel assistance service is available for help if there is a problem:

• Loss of documents (passport, identification papers, etc.);
• Loss of travel tickets (such as an airline ticket);
• Sending messages to your loved ones in case of emergency;
• Need for medical emergency or legal assistance.

Simply call Desjardins Assistance Service at 1-888-419-2495 to start the process.

How to Access: Desjardins Odyssey Lounge – Montreal-Trudeau International Airport YUL

There is a Desjardins Odyssey Lounge located at Gate 63, in the international zone, and another Desjardins Odyssey lounge near Gate 76, in the transborder zone.

The Desjardins Odyssey World Elite Mastercard offers 8 complimentary visits per year. Each person entering the Desjardins Odyssey Lounge with the card uses the equivalent of one access, including children over 3 years old.

Then, starting with the 9th visit, a 50% discount applies to the admission price. Regular admission is $42 for adults and $26 for children, before taxes.

To enjoy these VIP Lounges, simply present your credit card and boarding pass at the lounge entrance. It allows you to obtain free of charge before the flight:

• Food and beverages (alcoholic or non-alcoholic);
• Wi-Fi;
• USB charging outlets.

These 8 accesses, with a maximum value of $336, largely offset the card’s annual fees.

Mastercard Benefits

With the Mastercard network, enjoy privileges to make your trip more pleasant:

• Free subscription to the DragonPass Program, which provides access to over 1,300 airport lounges worldwide. Simply pay the entrance fee afterwards, US$32 per person based on the rate noted in November 2025 (check the current rate in the DragonPass app);
• Priceless Cities Program, for exclusive experiences and events;
• Mastercard Travel Rewards shopping portal for premium brands;
• Stay connected anywhere in the world with your exclusive FlexiRoam benefit. Benefit from a free eSIM package including 3 GB of data (3 x 1 GB) usable for international roaming.

Car Rental – Discounts and Desjardins Odyssey Travel Insurance

Rental vehicle theft and damage insurance is available for up to 48 consecutive days. The total cost of the rental must be charged to the card.

In order to be covered up to the actual value of the damaged or stolen rental vehicle, the rental company’s Collision Damage Waiver coverage offered must be declined.

Read all the details of the Desjardins insurance coverage summary.

Insurance for Added Protection and Extended Warranty

Increased protection on eligible items is granted in case of loss or damage within 120 days following the purchase date.

In addition, an extended warranty doubles the duration of the original manufacturer’s warranty by up to 2 years.

All items eligible for this protection and warranty must have been purchased with the card. The conditions are in the Insurance Guide.

Insurance for Mobile Devices

Compensation of up to $1,000 is available in the event of loss, theft, accidental damage or mechanical failure of a smartphone or tablet.

However, the following conditions must be met:

• The purchase of the mobile device must have been paid with the Desjardins Odyssey World Elite Mastercard
• The card must have been used to cover the initial costs and all monthly wireless bill payments, if financing was used during the purchase through a plan

A deductible is applicable according to the purchase price of the device. Other conditions can be found in the Mobile Device Insurance Guide.

A Good Desjardins Mastercard to Have

The Desjardins Odyssey World Elite Mastercard is a premium Desjardins credit card for those who travel regularly and wish to maximize their BONUSDOLLARS. The peace of mind it provides while travelling amply justifies its annual cost.

How to Access the Desjardins Odyssey VIP Lounge in Montreal?

Located in the international and transborder zones, you have access to two Desjardins Odyssey Lounges with the Odyssey Visa Infinite Privilege card, the Desjardins Odyssey World Elite Mastercard, as well as the Odyssey Gold Visa, Platinum Prestige, and Platinum Visa cards.

Check the number of free accesses you have or the percentage discount on the entrance fee in our article on How to access the lounges at Montreal-Trudeau International Airport?

Read our review of the Desjardins Odyssey Lounge in Montreal.

What is the Travel Insurance Coverage of the Desjardins Odyssey World Elite Mastercard?

The Desjardins Odyssey World Elite Mastercard offers emergency medical care, trip interruption and cancellation, theft, loss or damage to luggage, car rental protection, as well as mobile device insurance.

How to Use My BONUSDOLLARS earned with My Desjardins Odyssey World Elite Mastercard?

Your BONUSDOLLARS can be redeemed for a credit card statement refund, certain purchases (restaurant, entertainment, travel, transportation, or donation), by investing them in your savings accounts, or to pay down your mortgage at Desjardins or for gift cards.

What are the BONUSDOLLARS earning rates on the Desjardins Odyssey World Elite Mastercard?

The Desjardins Odyssey World Elite Mastercard earns BONUSDOLLARS at these tiered rates:

• 3% on groceries (capped at $10,000/year, then 1%)
• 3% on restaurants (capped at $6,000/year, then 1%)
• 2% on entertainment and transit
• 2% on travel (capped at $20,000/year, then 1%)
• 1% on all other purchases

BONUSDOLLARS redeem at 1:1 against your statement for any purchase you make, which is one of the most flexible cash-back systems in Canada. There’s no minimum redemption threshold and no expiry as long as the account stays open.

What’s the annual fee and who can qualify for the Desjardins Odyssey World Elite Mastercard?

The Desjardins Odyssey World Elite Mastercard charges $130 annually for the primary card and $40 per additional cardholder. As a World Elite tier card, applicants must meet at least one of these criteria:

• Individual annual income of $80,000+
• Family income of $150,000+
• Assets under management of $400,000+

Caisse Desjardins membership is not required to apply, but members benefit from streamlined applications and integrated banking through AccesD.

How does the Desjardins Odyssey Lounge access work?

The Desjardins Odyssey World Elite Mastercard offers 8 complimentary lounge visits per year at the dedicated Desjardins Odyssey Lounges, currently located at Montréal-Trudeau (YUL) International Airport (~$336 in annual value at $42 per visit). Visits 9 and beyond are offered at 50% discount. The card also includes DragonPass access to 1,300+ lounges worldwide at a per-visit fee. The Desjardins Odyssey Lounge differentiates itself with light meals, premium beverages, comfortable workspaces, and shower facilities — uncommon for a card under a $150 annual fee.

What insurance coverage comes with the Desjardins Odyssey World Elite Mastercard?

The Desjardins Odyssey card delivers premium-tier insurance coverage:

• Emergency travel medical: up to $5,000,000 per trip (60 days for under-60s, decreasing for older travelers)
• Trip cancellation: $2,500 before departure, unlimited after departure
• Luggage coverage: $1,000 per insured
• Mobile device insurance: up to $1,000
• Car rental theft and damage: up to 48 consecutive days
• Travel assistance service available 24/7

The combination of strong medical coverage and unlimited post-departure trip insurance is rare on a $130 fee card.