The Desjardins BONUSDOLLARS program is a straightforward rewards program that lets you earn dollars to spend on gift cards, financial products and services, or statement credits. Earning points couldn’t be easier – simply use your qualifying Desjardins credit card for purchases.
We’ll dive into the BONUSDOLLARS rewards program, including the details of each credit card that will earn you points.
Key Takeaways
- BONUSDOLLARS is the rewards program from Desjardins.
- The only way to earn BONUSDOLLARS is to spend on an eligible Desjardins credit card.
- While its a simple rewards program, it isn’t as lucrative as other, more popular options.
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What is Desjardins BONUSDOLLARS?
Desjardins BONUSDOLLARS is a flexible rewards loyalty program offered by the Desjardins Group.
It’s simple: you earn points for every dollar you spend using a Desjardins credit card. Then, you can redeem the points for Desjardins financial products, gift cards, and statement credits.
How to earn Desjardins BONUSDOLLARS
There’s only one way to earn Desjardins rewards: spend money on a Desjardins credit card. You have 4 BONUSDOLLARS credit cards to choose from:
| Credit card | Rewards | Annual fee | Income requirements |
|---|---|---|---|
| Desjardins Odyssey Visa Infinite Privilege | * 4% cash back on restaurants, entertainment, and transit * 3% cash back on travel and groceries * 1.75% cash back on all other purchases | $395 | $150,000 personal or $200,000 household |
| Desjardins Odyssey World Elite Mastercard | * 3% cash back on groceries * 2% cash back on restaurants, entertainment, and public transportation * 1.5% cash back on all other purchases | $130 | |
| Desjardins Visa Odyssey Gold | * 2% cash back on restaurants, entertainment, transit, and pre-authorized payments * 1% cash back on all other purchases | $110 | |
| Desjardins Bonus Visa | * 2% back on restaurants, entertainment, transportation, and bill payments * 0.5% back on all other purchases | $0 |
Desjardins Odyssey Visa Infinite Privilege
As the premium offering by Desjardins, the Desjardins Odyssey Visa Infinite Privilege offers the most points per dollar spent. Get up to 4% in BONUSDOLLARS on all your spending, plus Visa Infinite Privilege benefits, and a terrific suite of insurance coverage.
It has an annual fee of $395 ($295 if you're a Desjardins member) and high income requirements, though, so you’ll need to weigh the cost with the potential rewards..
Desjardins Odyssey World Elite Mastercard
If you want a premium card with a lower annual fee, the Desjardins Odyssey World Elite Mastercard offers up to 3% in BONUSDOLLARS on select purchases. You’ll still get perks like 9 types of insurance and World Elite Mastercard benefits, but you’ll be on the hook for a much lower annual fee: just $130.
Desjardins Visa Odyssey Gold
If you don't meet the high income requirements mentioned above, the Desjardins Visa Odyssey Gold might be a good choice. It has no income requirements and an annual fee of $110, but you’ll still earn up to 2% in BONUSDOLLARS on eligible spending.
Desjardins Bonus Visa
The final Desjardins option is its most basic card, the Desjardins Bonus Visa. Though it has the lowest earn rate – up to 2% on select categories and 0.5% on everything else – it also has no annual fee. Everything you earn goes directly into your pocket. Plus, as a Desjardins credit card you’ll still enjoy 8 types of included insurance coverage.
How to redeem Desjardins BONUSDOLLARS
Once you've earned Desjardins BONUSDOLLARS, redeeming them is easy. You can choose gift cards, Desjardins financial services, or pay off purchases through statement credits. All redemption options have the same value: 1 BONUSDOLLAR = 1 Canadian dollar.
Gift cards
To get a gift card, simply head over to the BONUSDOLLARS Rewards Catalog website, log in, and choose your redemption options. You can exchange your BONUSDOLLARS for gift cards to restaurants, movie theatres, travel, merchandise, groceries, and more.
Desjardins financial products
If you want to take advantage of Desjardins’ financial offerings, you can use your BONUSDOLLARS to:
- Pay insurance premiums: Savings-Life Insurance, loan, home, auto, travel, and accident insurance
- Invest in savings: Deposit into RRSP, RESP, or TFSA accounts
- Make a capital payment on a loan: Mortgages, car loans, or personal loans
Note: You must redeem a minimum of 20 BONUSDOLLARS.
Statement credit
You can also use your BONUSDOLLARS to pay off a purchase on your card – but only in certain categories. To be eligible, your purchase must fall into one of the following categories:
- Restaurants
- Entertainment (e.g., shows, movies, attractions)
- Travel (e.g., plane tickets, accommodations)
- Alternative transportation (e.g., buses, commuter trains, taxis, metros, and public charging stations for electric vehicles)
- Charitable donations
Note: You have 60 days after the purchase to use your BONUSDOLLARS, even if you've already paid off your account balance.
You can’t use your BONUSDOLLARS…
- To get cash back
- To make payments on an installment plan
- To pay your card's annual fees
- To pay your card's balance, unless it's for the Desjardins Odyssey Visa Infinite Privilege
Is BONUSDOLLARS a good rewards program?
The Desjardins BONUSDOLLARS program is simple, though not as lucrative as alternatives like American Express Membership Rewards. This largely boils down to the fact that the credit cards don’t include any welcome bonuses.
That said, BONUSDOLLARS have a number of great redemption options and a consistent value across the board, which can’t be said for many reward programs. If you hold a Desjardins credit card, there’s no downside to collecting BONUSDOLLARS – but the program isn’t compelling enough to justify applying for a card to collect points.
FAQ
How do I redeem my cash back?
You can redeem your BONUSDOLLARS by logging into AccèsD on your browser or the Desjardins mobile app, choosing the card with the BONUSDOLLARS, selecting BONUSDOLLARS and then Redeem BONUSDOLLARS, and choosing your redemption type. From there, follow the steps to complete your cash back redemption.
Do Desjardins BONUSDOLLARS expire?
No, your BONUSDOLLARS won’t expire as long as your credit card is in good standing and you make at least one purchase on it per year.
What is the best way to use BONUSDOLLARS?
Since it’s an even redemption rate across the board (1 BONUSDOLLAR = 1 Canadian dollar), you can rest assured that you’re getting the same value for your BONUSDOLLARS regardless of how you redeem them.
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