Desjardins lures students with “Cell Phone Insurance” Visa

Desjardins Group is a Canadian financial group that has over $150 billion worth of assets and now has released a new Visa card directed to students only aged 18-25 that includes “Cell Phone Insurance”.

Desjardins says that young people and cell phones are “absolutely inseparable” and when you sign up for the new credit card, the cell phone insurance comes with it at no extra fee to help students only who have accidentally misplaced their phone or had theirs stolen.

Desjardins also issued a statements that the “Desjardins Visa card FOR STUDENTS ONLY is an excellent way to establish a good credit rating and develop good financial habits”.

Regardless if it has “cell phone insurance” or not, remember that you will end up paying for it one way or another with interest rates on this card – which is probably somewhere around 18%.

Here is the link