cancel
Showing results for 
Search instead for 
Did you mean: 

Card Security?

Valued Contributor

Card Security?

Does anyone have it by any chance? It read that it was around $2 per month and that they only charge you if you have a balance by the statement cut. Kinda like insurance if you suffer from unemployment or hospitalization. Is it worth having?

As of 2017, rebuilding...
Message 1 of 4
3 REPLIES
Super Contributor

Re: Card Security?

I've heard horror stories about people habing this bur due to fine print their situation voided their eligibility.
I know one prrson who it worked for, but it was in the 90s. I think things were a little different back then.
Message 2 of 4
Established Contributor

Re: Card Security?


maiden_girl wrote:

Does anyone have it by any chance? It read that it was around $2 per month and that they only charge you if you have a balance by the statement cut. Kinda like insurance if you suffer from unemployment or hospitalization. Is it worth having?


 

I've been curious about this as well. Anytime I call in to most of my cards, I get offered this and have always said no. It sounds good but I wonder how many hoops you would have to jump using it just like any other insruance.

 

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Message 3 of 4
Highlighted
Valued Contributor

Re: Card Security?


jsucool76 wrote:
I've heard horror stories about people habing this bur due to fine print their situation voided their eligibility.
I know one prrson who it worked for, but it was in the 90s. I think things were a little different back then.

I would imagine!!! Everytime I open a GE card, I'm always offered and I decline. I feel like I should have said yes b/c I'm at a point now where I kinda need it...O_O

As of 2017, rebuilding...
Message 4 of 4