Desjardins Modulo Visa Review
Low interest rate Enjoy a low fixed annual interest rate on all your purchases and cash advances.
Desjardins BONUSDOLLARS Rewards Program Turn your purchases into trips, gift rewards and more.
Travel Insurance:For the first 3 days of your trips. Mobile Device Insurance: Protect your cellphone, smartphone or tablet.
-
Priority airport services
No
-
Airport lounge access
No
-
Concierge service
No
-
Balance protection(Optional)
No
-
Purchase Security & Extended Protection Insurance
Yes
-
Flight delay insurance,Baggage Insurance
No
-
Vehicle rental insurance
No
-
Travel accident insurance
No
-
Travel medical insurance
Yes
- Annual Fee: $50
- Additional Card Fee: $10
- Purchases Interest Rate: 10.9%
- Cash Advance Interest Rate: 22.99%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
Travel Insurance:For the first 3 days of your trips.
Mobile Device Insurance: Protect your cellphone, smartphone or tablet.
Modulo is a Desjardins card that caters to Canadians who want to consolidate their debt and enjoy a very good interest rate. With an interest rate of just 10.99% and 1% cashback, this card could give you the best of both worlds: low-interest rate and great rewards.
The only requirement is the annual fee of $50, which is quite symbolic. It's not an exorbitant amount, especially if you're using the card on a regular basis. You can quickly recoup the $50 yearly fee by paying less on the interest rate for balance transfers, purchases and cash advances.
With the Desjardins Modulo Visa, you receive mobile device insurance, travel insurance, purchase protection for 90 days and extended warranty for 1 year. It's important to know that this card only offers travel insurance for the first 3 days. During this time, you get complete travel assistance, including urgent cash advances, concierge, lost documents & luggage.
This card is perfect for Canadians who want to consolidate their debt, escape the regular high-interest rates and need to benefit from the standard 1% cashback on purchases.
Scotia Momentum® Visa* Card review
Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)
Great reasons to get this card for your everyday purchases
Gas Stations
2%
Grocery Stores
2%
Drug Stores
2%
Recurring Bill Payments
2%
Plus earn 1% cash back on all other eligible purchases.
Rates, fees and other information are effective as of Mar 1, 2021. Subject to change.
Scotiabank Value® Visa* Card review
0% introductory interest rate on Cash Advances for the first 10 months (12.99% after that; annual fee $29). Plus no annual fee in the first year.
Great reasons to get this card for your everyday purchases
Save up to hundreds of dollars a year on interest
Pay down higher interest rates balances faster
- Stay one step ahead of your balance a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.
Transfer higher rate balances and save even more
- Switch balances over from higher interest-rate credit cards to the Scotiabank Value® Visa* credit card. By consolidating your higher-rate balances on a lower-rate card, you’ll save on interest and make paying bills easier.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. 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's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
