FAQ – Desjardins credit cards – Pay in installments

No. Paying in installments is a new option offered on your Desjardins Visa credit card. Accord D financing remains unchanged and paying in installments does not affect your Accord D financing.

You can pay in installments if your Accord D credit limit is enough to cover your intended purchase and if you have a valid Visa credit card.

No. Right now, the option to pay in installments is available only on Visa credit cards at Desjardins.

Merchants can choose which installment plans to offer: 3, 6, 12, 18, 24, 36 or 48 months. You can select the plan you want from the options available. If you don't want to pay in installments, you can pay for your purchase in full as usual.

The monthly installment is added to the minimum payment due on your credit card statement. You won't be charged interest if you pay the monthly installment in full by the due date on your credit card statement. Otherwise, your credit card interest rate applies.

Yes. If you have Credit Balance Insurance, your installment plans are subject to the same coverage and conditions as Accord D financing. All the details can be found in your insurance documents in AccèsD.

Yes. You can pay off your balance at any time without penalty.

How to pay off your installment plan balance

Yes. You can have the option to pay in installments removed from your card without any penalty by calling the number on the back of your Desjardins Visa credit card. If you have an outstanding balance on an installment plan, you must pay the monthly installments according to the terms and conditions of your plan or pay off the balance.

Paying in installments can affect your credit score. For example, if you pay for a purchase in installments, it will be reported to the credit bureaus.

If your credit report is monitored by Equifax or TransUnion, you'll receive a new account alert any time you pay for a purchase in installments and also when you've paid off an installment plan.