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Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
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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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Super Contributor
Posts: 5,754
Registered: ‎12-11-2011
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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
Posts: 985
Registered: ‎09-10-2012
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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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Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
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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

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FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






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