Hi all, just wondering your thoughts about this. I have this on a majority of my cards, and I am wondering if it is worth it. I mean on my higher balances it runs pretty steep every month. your thoughts??
Re: Credit Protection If you read the terms, you find it's almost impossible to get any benefits. Unless you die, of course. But then your credit record doesn't matter any more. It's a way to get you to insure THEIR risk of YOUR death. With them taking a big commission off the top. It's definitely a ripoff. And a huge drag on repaying your balances.
Re: Credit Protection Your SURVIVORS may need the MONEY...but it usually does NOT go to them...it pays off the credit card... "IF" you die in MOST cases...they write it off and your SURVIVORS pay NOTHING
