Staples Canada launches new Staples Card with Flexiti Financial

TORONTO, Nov. 12, 2020 /CNW/ – Staples Canada, The Working and Learning Company, has launched a new financing solution ahead of the holiday season, in collaboration with Flexiti Financial (“Flexiti”), a leading provider of point-of-sale consumer financing solutions for retailers. With the new Staples Card, cardholders have access to 0% interest¹ financing plans to help make their purchases for home, school and business more affordable.

Flexiti’s financing solution is already available at over 300 Staples retail locations across Canada and will be available on staples.ca in early 2021. Staples customers can easily apply for the Staples Card in-store or online and receive approval within minutes, then use their card immediately. This fully automated and 100% paperless process offers qualified customers flexible payment plans with 0% interest¹ options, eliminating the need to reapply for financing for future purchases.

While most credit cards offer a 21-day grace period, the Staples Card provides cardholders residing outside of Quebec with 90 days to pay with no interest, no payments, and no minimum spend on purchases made at Staples. For residents of Quebec, the Staples Card offers three equal monthly payments with an annual fee. Other standard and promotional financing plans are also available.

“We understand the changing needs and demands of today’s customers,” said David Boone, CEO at Staples Canada. “This extends to the desire to have options for the way they pay for what they need. With Flexiti’s innovative buy now pay later financing, we look forward to providing that wallet affordability to our everyday customers.”

“We are thrilled to add Staples, a Canadian household name, to the Flexiti Network,” said Peter Kalen, Founder and CEO of Flexiti. “Today, more than ever, businesses and consumers are looking for flexible payment solutions which can be used as a tool to manage payments. With the Staples Card, we will offer financing solutions to make everyday purchases and large ticket items accessible. Now all Flexiti cardholders will be able to use their FlexitiCard at Staples. We expect to see big things from this program.”