Reply
Valued Contributor
maiden_girl
Posts: 1,748
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...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal scores: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (3.0k) | Chase Freedom NPSL | Citi Simplicity (8.0k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Valued Contributor
jsucool76
Posts: 2,768
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.
Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1500CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Established Contributor
snowkitty
Posts: 959
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.

 

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 9k | CSP 5k | Bofa Cash 7.5k | Boa Travel 5k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy 4500 | Shell 1200 | BP 400 | VS 1200 | Sam's Discover 8.5k | FNBO Amex 13.5k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1300 | BML 1820

App free since 12/11/13*
Valued Contributor
maiden_girl
Posts: 1,748
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: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal scores: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (3.0k) | Chase Freedom NPSL | Citi Simplicity (8.0k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+