Desjardins Modulo Visa Review
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.