Mortgages

Credit Card Protection

credit card Credit card protection is an insurance policy that you can take out to protect your repayments if you were unable to work. This insurance can be used if you don't already have have accident, health or employment insurance. Credit Card Protection (CPP) not only protects you meeting your monthly payments if you are unfortunate to work due to redundancy, accident or health reasons but also offers protection against theft and missuse of your credit cards.

This valuable payment protection is available from most credit card companies, however like any insurance it pays to read the small print because credit card insurance terms and conditions vary from one credit card company to the next.

 

credit card protection It's often possible to transfer your debt to a different company that offers a lower fixed rate but fixed rates are fixed for a term and not for ever. There may be a charge on that transaction and you should check if it is a flat fee or a percentage.

For a small annual premium it is possible to insure all your credit , debit and store cards. Most insurance policies that protect credit cards also include other benefits such as emergency cash, replacement tickets, a lost key service and luggage retrieval. As long as you report the theft or loss within 24 hours of discovery you will normally be fully protected from fraud — check the credit card protection small print for precise details. The Annual cost of obtaining credit card protection cover should be approximately £15 to £20.

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