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Established Contributor
maiden_girl
Posts: 1,158
Registered: ‎12-29-2011

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?

The truth is out there...

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Valued Contributor
jsucool76
Posts: 2,668
Registered: ‎12-11-2011

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.
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Established Contributor
snowkitty
Posts: 636
Registered: ‎09-10-2012

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.

 

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Established Contributor
maiden_girl
Posts: 1,158
Registered: ‎12-29-2011

Re: Card Security?

[ Edited ]

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

The truth is out there...

FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
My Wallet: Capital One 1.5k | Macy's 1.0k | Living Spaces 8.5k | Ashley 5.5k | Amazon 2.0k | Discover IT 1.5k | Walmart Discover 1.5k | Chase Freedom 4.5k

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