| |
Here is the most impressing info on
uk cash back credit cards
Credit Card and Insurance
Credit card and insurance are two very important financial services in modern sociaty. In a world that is built on the basis of credit, credit cards is a part of daily life for most ordinary people. Insurance, on the other hand, is something to protect you from uncertainty which may happen unexpectedly to anybody. The idea of insuring the future is now accepted by more and more people. Insurance and credit cards go hand in hand in many ways.
Coverage for certain insurance policies are sometimes provided as benefit by credit cards issuers at no extra charge. For example, Chase i-card provides the following insurance coverage:
$500,000 Worldwide Automatic Travel Accident Insurance coverage
Purchase Protection - an insurance program that covers purchases against damage or theft for 90 days from purchase date
Auto insurance and travel insurance are usually such benefit for cardholders.
For an additional premium, insurance protection plans are also available for cardholders to protect an outstanding balance on the cards. Usually, the insurance policy will cover the following:
Critical Illnes Protection: For a primary or spousal cardholder under 65 years of age and were to be diagnosed with certain critical illnesses, such as Cancer, Heart Attack or Stroke, the insurance policy would pay in full the balance owing on the insured account up to a maximum.
Disablitily Protection: For primary cardholders under 65 years of age who become temporarily disabled as a direct result of an illness or accident, this insurance policy will make the minimum monthly payments with certain limitation.
Accidental Death Protection: For primary or spousal cardholders over 65 years of age and were to lose their life as a direct result of an accident, the full outstanding balance (to a maximum limitation) will be paid in full by the insurance plan.
Job Loss Protection: For a primary cardholder under 65 years of age and he or she becomes involuntarily unemployed, the insurance policy will cover the minimum monthly payments based on the balance to a certain limitation until the cardholder is working again, or until your balance is reduced to zero.
Dismemberment Protection: For a primary or spousal cardholder who were to lose the sight in both eyes or lose a limb as a direct result of an accident, the insurance policy will pay the outstanding balance up to a maximum.
Strike Protection: For a primary cardholder under 65 years of age who become unemployed due to a strike or lockout, the insurance policy will make the minimum monthly payments up to a limitation until the insured resume working or the balance is reduced to zero.
Loss of Life Protection: This insurance policy will pay the full balance on the credit card account to a certain maximum if the primary or spousal cardholder under 65 years of age lose their life.
Insurance for credit cards is a service that is getting hotter. However, usually this service is provided by the card issuer. The cardholder is notified normally by mail along with their monthly bill or at the time when they get the cards. There are growing concerns about fraud within unsolicited credit card insurance marketing activities. Some thieves use this as a way to steal your personal confidential information. As a rule of thumb, never give your confidential information over phone!
The above information is informational only. For accurate insurance policy, please contact your card issuers or local insurance agents before you take out any insurance policy.
If you are interested in Life Insurance, Auto Insurance, Health Insurance, Home Insurance, or other Specialty insurance, visit angelinsuredeal.com to get a free insurance quote.
About the Author
Editor of http://www.angelinsuredeal.com
More Useful Resource and Updates on uk cash back credit cards
- New credit card security rules to have impact (ZDNet Asia)
Revisions, though minor, involve "some noteworthy changes" that will impact compliance efforts in future, say industry experts. New version takes effect Oct. 1.
- Credit card rates jumping (Fortune via Yahoo! Finance)
When John Dykstra got his September credit card bill from Advanta, a small-business card issuer, he was shocked: Dykstra says he has a good credit score and has never missed a payment, but his interest rate had jumped from 7.99% to 26%.
- No bailout = higher credit card, mortgage rates (St. Louis Business Journal)
Without a $700 billion bailout of the financial market, everyone will experience a tightening of credit and an increase in mortgage and credit card rates, experts say.
- Tight credit becomes problem for small-business owners (USA Today)
As lawmakers debate the proposed financial bailout bill, small-business owners who are especially vulnerable to financial meltdowns face even tighter credit than usual.
- Credit card receipts can cause legal headache despite changes to law (BizJournals)
Question: I was told recently that Congress is amending a federal law that prohibits businesses from printing certain information on credit card receipts. Is that true, and if so, what does that mean for my business?
- Yahoo! Search Marketing Raises Minimum Credit Card Amount to $250 (Search Engine Roundtable)
A WebmasterWorld member is a bit disappointed at an email he received from Yahoo which says that Yahoo will be raising the price of the minimum credit card amount to $250, up 10x from the previous amount of $25. Here's a snippet: Effective October 15, 2008, the minimum account-renewal amount for all credit card-funded Product Submit accounts will increase from $25.00 to $250.00. This means ...
- Include Credit Card Reforms As Part of Any Bailout Package (Kansas City InfoZine)
Consumer, Civil Rights, Small Business, and Labor Organizations Urge Senate; Consumers Need Protection From Deceptive & Unfair Credit Card Practices
|
|
|
