What if you could get one of those amazing luxury travel credit cards that are usually reserved only for the elites? As you’ll learn in this Desjardins Odyssey Gold Visa review, sometimes you can – or at least you can come very close to it.
Upgrade to this premium-level travel credit card offering without jumping over hurdles to do it.
|You Are Interested If||You can’t quite qualify for a premium card, but still want the upscale treatment and are willing to pay for it.|
|Brief Description||The Desjardins Odyssey Gold Visa is a high-level credit card that is widely available and doesn’t skimp on rewards or insurance benefits.|
|Main Requirements||As stated above, this card’s standards are low in the best possible way. Any income and most credit scores will do as long as you pay your annual fee.|
|Card Type||This is a travel card with reward points that can also be used on other things if you wish.|
Fees and Interest
|Purchase Interest Rate||Expect to pay 19.9% in interest on everything you buy normally with this card.|
|Cash Advance||If you get a cash advance, you’ll also pay 19.9% interest on that.|
|Balance Transfer||Balance transfers get the same 19.9% interest rate as everything else.|
|Income Requirements||Despite the luxury nature of this card, you don’t need to meet any specific income requirements to get it.|
|Household Income Requirements||You also don’t need to meet any household income requirements, either.|
|Annual Fee||This card charges a $110 annual fee.|
|Welcome Bonus||This card is not offering a welcome bonus right now.|
|How To Earn Points||Earning rewards is very simple with this card; just spend your money on anything you’d like and you’ll always get 1% back in BONUSDOLLAR rewards.|
|Benefits||With this card in your pocket, you’ll get emergency travel medical insurance for up to 60 days, baggage insurance, trip cancellation insurance, mobile device insurance, common carrier accident coverage, auto rental insurance and a 50% discount on the Desjardins Odyssey Lounge access fee at the Trudeau airport in Montreal.|
About Desjardins Odyssey Gold Visa
To start this Desjardins Odyssey Gold Visa review, we need to make a critical comparison that will illustrate a lot of what makes it special. This is the card that ranks one step down from Desjardins’ other luxury travel card, the Odyssey World Elite MasterCard. While you do sacrifice a fair bit in rewards by not skipping straight to that one, what this card does have on its side is excellent accessibility. While the other card requires $80,000 in income, this one doesn’t demand any particular income level. This means that many, many more people will have access to this card than the other one – which is nice, considering that it’s still very good even in this downgraded form.
Rewards-wise, this card keeps things simple and sticks with a catch-all rewards rate of 1% back in BONUSDOLLARS (reward points that can be redeemed for merchandise, travel expenses, event tickets and much more) that applies to any and all spending you do. This is a good, consistent rate that you’ll never have to worry about missing out on, which is one of the upsides of a flat reward rate like this. Imagine spending $2,000 a month with this card; you’d get 20 BONUSDOLLARS each month for doing nothing at all, or 240 BONUSDOLLARS after a year. You could feasibly get 50% more that with the upgraded card, but considering that that isn’t a real possibility for most people, the yield from this card is substantial enough to be considered attractive.
The benefits are the real gem of this Desjardins Odyssey Gold Visa review, though. All of the benefits on this card are the exact same as what you’d get with the upgraded version. That means you get up to 60 days of emergency travel medical coverage depending on your age (up to $5,000,000 in coverage), baggage insurance, trip cancellation insurance, and common carrier accident coverage. All of these benefits apply to you, your spouse, any dependent children you have, and any grandchildren you have who are travelling with you. In addition to that, you’ll also get auto rental insurance and $1,000 of mobile device insurance to help keep your phone or tablet safe and functional.
The Desjardins Odyssey Gold Visa is a unique product that fills a specific niche in the market. This may be one of the only options you have in terms of getting a great card like this regardless of your financial background, but it also happens to provide excellent value as well. The reward rates are noticeably lower than those of its counterpart, but not to a debilitating degree, and the benefits are literally identical. The downgrade should barely feel like a downgrade at all.
Desjardins is one of Canada’s leading names in banking, and they have an estimated 7 million clients and close to 300 branches to prove it. They were one of the first financial institutions in Quebec to wade into the waters of online and mobile banking, which have since become staples in nearly all personal and commercial banking. Apart from serving individual customers, Desjardins also deals in insurance and wealth management services.
What We Think
As you’ve probably learned already in this Desjardins Odyssey Gold Visa review, this card is a little offbeat; it’s a solution to a problem that not everyone will have. If you do, though, this is the perfect card for you. You aren’t getting quite as good a deal as those who naturally qualify for cards like this, but that’s only to be expected. The difference is minimal for the most part and if you’ve always wanted to try a fancy card like this, this is a great chance to do so.