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Pay in installments

Pay for purchases of $200 or more in equal, interest-free1 monthly installments at participating merchants with your Desjardins Visa*  credit card.

Pay for your purchase in smaller equal payments

Simply choose a monthly installment plan when you get to checkout at participating merchants, in-store or online.

  • No interest (if you make the minimum payment on time) and no additional fees
  • Purchases of $200 or more
  • Equal monthly payments
  • 3- to 48-month installment plans, depending on the available options

How to pay in installments

To use this payment option, you need to:

  • Have a Desjardins Visa credit card
  • Have an Accord D credit limit with enough funds available
  • Pay for a purchase of $200 or more with your Desjardins Visa credit card
  • Choose an installment plan from the available options at checkout
  • Read and agree to the terms and conditions

How installment plans work

Let's say you make a purchase of $900 and choose a 3-month installment plan. You'll pay $300 per month for the next 3 months. This installment amount will be added to the minimum payment due on your credit card statement.

If you don't want to pay in installments, you can pay for the purchase in full as usual.

Good to know

Available with Visa credit cards

You must have a Desjardins Visa credit card to be able to pay in installments. Learn more about eligible cards:

You can also pay in installments with Desjardins Visa credit cards that are no longer available to new applicants.

No interest to pay

You won't be charged any interest on your installment payments if you pay the minimum amount by the due date on your credit card statement. Otherwise, your card's interest rate will apply to the monthly payment.

Removing the option

You can remove the option to pay in installments from your card without penalty by calling the number on the back of your Desjardins Visa credit card.

No BONUSDOLLARS or cash back

You won't earn any BONUSDOLLARS® or cash back when you pay in installments. You can't use BONUSDOLLARS to pay your installments.

Before you can pay in installments

You must have a sufficient Accord D credit limit on your Desjardins Visa credit card2 to be able to pay in installments.

Check your Accord D limit

If you have enough left on your Accord D limit to cover the cost of your purchases, you can pay in installments now. You can find your limit under Authorized Accord D financing credit limit on your credit card statement or on AccèsD.

  1. Log in to AccèsD.
  2. Select your credit card.
  3. Select Information.
  4. You'll find your limit under Accord D financing credit limit.

Get an Accord D credit limit or limit increase

If you don't have an Accord D credit limit or if your limit isn't high enough, you can apply for one or for a limit increase online or by phone.2 You need to use your web browser to apply online. This feature isn't available in the mobile app.

  1. Log in to AccèsD.
  2. Select Cards, loans and credit.
  3. Select your credit card.
  4. Select Manage card.
  5. Select Manage account.
  6. Under Accord D financing, select either Apply for financing or Increase Accord D credit limit.
  7. Follow the steps to submit your application for an Accord D credit limit or a limit increase.

Manage your installment plans wisely

Select a payment plan based on your ability to pay the installments.

Pay your monthly installments by the due date indicated on your statement to avoid paying interest.

 

Make the minimum payment on your credit card balance each month.

FAQ

Is the installment payment option replacing Accord D?

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

Can I choose any installment plan I want?

Merchants choose which installment plans to offer (3, 6, 12, 18, 24, 36 or 48 months) based on the purchase amount. 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.

Does Credit Balance Insurance cover installment plans on my credit card?

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 on AccèsD.

Can I pay my installment plan balance before the term ends?

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

How to pay off your installment plan balance

Can I remove the option to pay in installments from my card if I have an ongoing installment plan?

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.

Does paying in installments affect my credit score?

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.

Will I receive an alert from Equifax or TransUnion when I pay for a purchase in installments?

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.

Contact us

By phone

Monday to Friday: 7 AM to 11 PM (Eastern Time)
Saturday and Sunday: 8:30 AM to 8 PM (Eastern Time)

* Trademark of Visa International Service Association and used under licence. Odyssey ® is a registered trademark of the Fédération des caisses Desjardins du Québec. BONUSDOLLARS ® is a registered trademark of the Fédération des caisses Desjardins du Québec. Each installment is added to your minimum payment due and must be paid in full each month. If you don't make the minimum credit card payment, your card's interest rate will apply to the monthly payment.
Some conditions apply. Subject to credit assessment and approval.