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The Classic Visa card from Desjardins is a low-interest card that is perfect for all Canadians since it comes with no minimum annual income. If you travel a lot and you dig in low annual fees, then you should definitely consider this card.
Desjardins Classic Visa has a very good interest rate of just 12.99%, which is much better than what other similar cards have to offer. It comes with strong chip technology for enhanced security, travel insurance and cash advances of up to $2,500 a day.
In case your card is stolen, you'll not be liable for the issues that result. In terms of travel insurance, you get a $5 million health coverage per person, $1,000 trip cancellation coverage and baggage insurance of $500. The insurance is exceptional, especially when compared to the cards offered by the competition.
The $30 annual fee is very good, especially when you factor in the perks and benefits. You can get an extra card free of charge for your spouse or partner, plus a 21-day grace period so that you can pay your bill without any extra charges. To top it all, you gain free access to 25% when you rent a car from Hertz locations.
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.
