VISA Desjardins is pleased to announce an
immediate reduction in its interest rates on personal credit cards, applicable
also to its reduced interest rate option. By taking this action, Desjardins
not only sets itself apart from the competition but also becomes the first
financial institution in the country to substantially reduce its rates for the
benefit of its cardholders.
With regard to the reduced interest rate option, the 2% cut will bring
down the rate from 10.9% to 8.9%, making it absolutely the best offer in
Quebec and throughout Canada. This reduced rate option continues to be
available to all cardholders whose credit file is in good standing. It is
offered for an annual fee of $25.00.
This reduced rate is the preferred credit option for those who
customarily spread repayment of their card balance over a number of months. It
is available to holders of the following cards: VISA Desjardins Odyssey GOLD,
VISA Classe OR Desjardins, VISA DESJARDINSbonus Classic and VISA Desjardins
Classic. Visa Desjardins client service personnel are qualified to advise
cardholders regarding the advantages of this option.
As for the regular personal VISA Desjardins cardholder rate on unpaid
balances, this will now be reduced from 18.9 % to 17.9 %.
Mr. Alban D’Amours, President and CEO of the Mouvement des caisses
Desjardins, stressed that “Although most of our cardholders use their credit
card simply as a mode of payment and incur no monthly interest charges, this
reduction in rates will be especially attractive for those who are unable to
settle the full amount outstanding at month end. “Moreover, he added, another
distinctive characteristic of our co-operative approach is our unique action
plan to help cardholders who run into temporary financial difficulties.”
Finally, it should be noted that all VISA Desjardins cardholders will be
advised of these reductions with their next monthly statement.
VISA Desjardins, the leading Quebec credit card provider offers a full
range of innovative products and services to individuals and businesses.