My sister tells me that her hubby has been finding good credit card deals over the Internet at the credit-cards-guru.com website and has been applying for the cards. He told her that it is a great site full of informative articles about topics such as hidden credit card charges and the pitfalls of cash advances. He said the site compares and reviews the cards, helping the user to find which card has the best deals.
He has been applying for rewards cards, especially the gas rewards cards, saying that with the price of gas today, he needs to get as many gas rewards as he can get!
He has been getting approved, and new credit cards seem to be arriving in the mail every day. When the cards come in, her hubby has been calling the “card activation number” and the sales person on the other end has been pitching their version of credit card insurance. Her hubby has been signing up for the disability insurance that the credit cards have to offer. He is afraid that if something happens to him that she won’t be able to pay off the credit cards. She was asking me what I know about credit card insurance, and I sent her a copy of this press release:
As a rule, the concept of insurance and credit cards don’t go together. Credit insurance is one thing and plastics are something totally different. The fact is that credit cards are for buying new things when you need them. And insurance is to help you to pay for different problems as they come.
Credit card insurance can offer you a lot. For example, if you become unemployed for different reasons or disabled, your payments will be paid off in the minimum amount with credit insurance.
In case a person with credit card insurance dies, his/her family will have not to worry about that credit amount, as it will be paid off in full with the credit insurance.
Everyone knows that there are various types of credit card insurance. However, the most popular ones are credit life insurance and credit disability insurance. Credit disability insurance can be rather helpful when it comes to personal loans or car loans. In this case all your payments will be paid off and it can help to keep you afloat until you get back on track.
So, credit card insurance can be of great help for people in different situations. As long as you have credit protection, it can help keep you from defaulting on payments and ruining your credit score.