Best Buy Canada sells private label cards to Desjardins

Burnaby, Canada - Canadian financial cooperative Desjardins Group is acquiring both the Best Buy Canada and Future Shop private-label credit card portfolios from Best Buy Canada Ltd. Along with the two branded credit card portfolios, Desjardins will also be acquiring most outstanding loans and client accounts.



In addition, all Best Buy Canada and Future Shop stores nationwide will offer Desjardins' Accord D financing, a product to finance in-store purchases.

"We pride ourselves on creating an unparalleled shopping experience in-store and online, and we're thrilled to partner with Desjardins to offer their competitive financing solutions to our customers," said Philippe Arrata , senior VP for Best Buy Canada Ltd. "We're confident that the innovations produced by our companies will create a strong business relationship that will benefit our current and future cardholders most of all."