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So the few cards I got asked if I wanted this coverage including PENFED
I remember I was out of work for a while and I DID have this
and I DID activate it and eventually the charges were paid
for because I was unemployed for too long. (bit ago).
Are you guys/girls signing up for this coverage?
Coverage as low as 55¢ per $1,000 of your outstanding balance
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PS What is "as low as"..
@Anonymous wrote:
No.
+1.
My citi card has free protection....if I get struck in a disaster zone or SOMETHING ELSE WITH .00001% probability! But, it's free.
*thumbs nose at Nixon*
Free is great. I know that if a hurricane comes here to MI I won't have to worry about my Citi bill...those pesky other lenders though...tsk tsk
NEVER!
NO
Then I guess no one has ever been laid off for some time . ?
You might be getting some self selection here. When I was working (pre grad school), I made sure to have six months of salary available in my savings account at all times. In the event of something big happening, like a natural disaster, or being laid off, I had the resources saved to be able to ride it out. I'm guessing that you're seeing some of that here. You're also seeing people who have 0% intro APRs, so they don't need to pay for that kind of insurance. The 0% will last for a year or so, which provides ample time to get things fixed.
Nope would not accept it, my creditors are the last entities that i want to know that I am unemployed, I lived the last 6+ years as a contractor, and typically unemployed at least once every 2 years, for various amounts of time, between contracts, knowing this I plan/live my life accordingly. If can't handle the more than 2x minimum payment of a purchase when I am unemployed. I don't make the purchase. Thus have been able to maintain my credit report with 0 lates or other derogs for the last 7 years. Thankfully I started a good paying job as a full time employee, no more contracts for me.
Gee lets see I notify my creditors I am unemployed and hope they do the right thing, lets hope they don't CLD or other AA because I carry a balance a week too long. No thanks don't even want to think about it.
@Creditaddict wrote:NEVER!
Even Nfcu offers it but its not one of those 'in case you die' policies it includes converage in case of job loss it makes the payments until you get back on your feet.