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Types of Accord D in-store financing plans

Get quick access to flexible in-store financing!

Accord D financing is available at over 9,500 retailers in Canada and lets you choose between 3 types of financing plans: equal monthly instalment financing, deferred payment financing or deferred equal monthly instalment financing.

Discover their features and how they can meet your needs.

With the equal instalment Accord D financing plan, you can buy now and budget to repay your purchase in your monthly budget. It's a great tool to consider when planning your projects.

Financing plan steps

  1. Applying for financing
    Apply through a sales representative at a participating retailer. It only takes a few minutes.
  2. Credit decision
    After analyzing the information you provided, the sales representative receives a credit decision.
  3. Purchase confirmation
    Once your application is approved, the sales representative finalizes the purchase transaction with you. Please note that if you already have a Desjardins credit card with an Accord D financing limit to cover your purchase, you do not need to fill out an application. You will skip straight to confirming your purchase with your Desjardins credit card.

Your new financing plan and purchase transaction are added to your file following the in-store confirmation. You'll receive your new credit card in the mail a few days later. The credit card has 2 separate limits:

  • A standard limit for day-to-day purchases
  • An Accord D financing limit

This practical and flexible financing tool allows you to use your credit card for regular purchases or financing until you have reached your available limits. Please note that if you make an in-store purchase with your current Desjardins credit card, you won't receive a new card in the mail.

Every month, you'll receive a detailed account statement with information regarding your credit card and Accord D in-store financing. To learn more, see Your account statement explained (PDF, 1.05 MB).

On your account statement, you'll see the details of the amount of your payment, also called monthly instalments. When your monthly account statement is produced, your Accord D instalment is automatically transferred to your current credit card balance. This means that by paying the minimum amount due on your bill with the payment methods at your disposal, you also pay your Accord D monthly instalment, thereby reducing your plan's balance. See available payment options.

Accord D financing plans are removed from your file once they are paid in full.

Did you know?

You can repay all or part of your principal to pay off your financing more quickly. Please take note that a partial repayment does not cancel your monthly instalments; it simply reduces your total number of monthly instalments. Therefore, you must also make monthly instalments as you normally would when you receive your credit card account statement.

Good news!

As soon as you make a monthly instalment, your available Accord D credit limit increases immediately, giving you more flexibility and more options for your projects.

"Buy now, pay later!" That's exactly what the deferred payment financing plan allows you to do, credit charge-free through Accord D financing, so that you can save throughout the entire grace period.

Financing plan steps

  1. Applying for financing
    Apply through a sales representative at a participating retailer. It only takes a few minutes.
  2. Credit decision
    After analyzing the information you provided, the sales representative receives a credit decision.
  3. Purchase confirmation
    Once your application is approved, the sales representative finalizes the purchase transaction with you. Please note that if you already have a Desjardins credit card with an Accord D financing limit to cover your purchase, you do not need to fill out an application. You will skip straight to confirming your purchase with your Desjardins credit card.

Your new financing plan and purchase transaction are added to your file following the in-store confirmation. You'll receive your new credit card in the mail a few days later. The credit card has 2 separate limits:

  • A standard limit for day-to-day purchases
  • An Accord D financing limit

This practical and flexible financing tool allows you to use your credit card for regular purchases or financing until you have reached your available limits. Please note that if you make an in-store purchase with your current Desjardins credit card, you won't receive a new card in the mail.

The deferral period is also known as the grace period. It's the number of months during which no credit charges are applied to your financing plan. You don't have to make any payments during that period. You'll still receive a detailed account statement with information regarding your credit card and Accord D in-store financing every month. To learn more, see Your account statement explained (PDF, 1.05 MB).

You'll receive a notice that the total balance is due between 30 and 59 days before the due date on your account statement reminding you of the payment deadline.

See available payment options.

If you're unable to pay off the full balance by the due date following the grace period, the deferred payment financing balance is automatically converted to equal monthly instalments, at the current interest rate in effect.

Accord D financing plans are removed from your file once they are paid in full.

Did you know?

You can repay all or part of your principal to pay off your financing more quickly.

Good news!

As soon as you make a monthly instalment, your available Accord D credit limit increases immediately, giving you more flexibility and more options for your projects.

The combined or deferred equal monthly instalment financing plan gives you the best of both worlds. Not only can you start making instalments at a later date thanks to a grace period, you can also budget to repay your purchase in monthly instalments.

Financing plan steps

  1. Applying for financing
    Apply through a sales representative at a participating retailer. It only takes a few minutes.
  2. Credit decision
    After analyzing the information you provided, the sales representative receives a credit decision.
  3. Purchase confirmation
    Once your application is approved, the sales representative finalizes the purchase transaction with you. Please note that if you already have a Desjardins credit card with an Accord D financing limit to cover your purchase, you do not need to fill out an application. You will skip straight to confirming your purchase with your Desjardins credit card.

Your new financing plan and purchase transaction are added to your file following the in-store confirmation. You'll receive your new credit card in the mail a few days later. The credit card has 2 separate limits:

  • A standard limit for day-to-day purchases
  • An Accord D financing limit

This practical and flexible financing tool allows you to use your credit card for regular purchases or financing until you have reached your available limits. Please note that if you make an in-store purchase with your current Desjardins credit card, you won't receive a new card in the mail.

The deferral period is also known as the grace period. It's the number of months during which no credit charges are applied to your financing plan. You don't have to make any payments during that period. You'll still receive a detailed account statement with information regarding your credit card and Accord D in-store financing every month. To learn more, see Your account statement explained (PDF, 1.05 MB).

After the deferral period, your Accord D financing balance is automatically converted to a number of equal monthly instalments determined at the time of purchase and at an interest rate specified by the retailer. From then on, you must start making monthly instalments.

On your account statement, you'll see the details of the amount of your payment, also called monthly instalments. When your monthly account statement is produced, your Accord D instalment is automatically transferred to your current credit card balance. This means that by paying the minimum amount due on your bill with the payment methods at your disposal, you also pay your Accord D monthly instalment, thereby reducing your plan's balance. See available payment options.

Accord D financing plans are removed from your file once they are paid in full.

Did you know?

You can repay all or part of your principal to pay off your financing more quickly during the deferral period and the monthly instalment period. Please take note that a partial repayment does not cancel your monthly instalments; it simply reduces your total number of monthly instalments. Therefore, you must also make monthly instalments as you normally would when you receive your credit card account statement.

Good news!

As soon as you make a monthly instalment, your available Accord D credit limit increases immediately, giving you more flexibility and more options for your projects.

Useful links

Accord D financing - Fixed rate*
As of December 8, 2016
Amount Rate
$500 to $4,999 12.75% to 16.25%
$5,000 to $12,500 11.00% to 14.50%
$12,501 to $50,000 11.00%**

* 1-year term

** Rate for 1-year term for $40,001 or more

Other rates - Accord D financing

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