|
Credit Card Insurance: Who Really
Benefits?
When you look at the fact that the payments go directly to the
credit card issuer, it’s easy for a cardholder to say that the
credit card issuer is the one who benefits, but that line of
thinking is certainly unfounded. After all, the credit card
issuer did not take the credit card and buy things with it, and
as such, it has no personal attachment to the merchandise that
was purchased with the card it issued. The credit card issuer
does not have anything to lose in the transactions because it
is not his credit reputation that is going to be hurt if you
are unable to make the payments. It is also not his family that
is going to have to pay the credit card bill out of the estate
if you should die without credit card protection insurance.
Of course, the credit card issuer benefits in the respect that
he will get his money if you have credit protection insurance,
but it isn’t his major concern because he knows he will get his
money as long as you are able to return to work at some point
or if you die and he places a line on your estate. The one who
stands to lose without credit protection insurance is the
cardholder. After all, when the cardholder is unable to make
the payments, it is his credit reputation that is at stake, and
if the illness or condition lasts due long, it can financially
ruin him.
The facts are that it is the cardholder who stands to lose the
most in case of an illness or injury that prevents him from
working if he has no credit card insurance. You have to be the
one to take the steps to protect yourself and your financial
well-being. You have to be the one to decide if you feel your
credit rating is important enough that you should invest a few
extra dollars per month to protect yourself with credit card
protection insurance. The final decision is ultimately yours,
but you want to remember that you are protecting your credit
rating, financial well-being, and your family by taking
advantage of credit card protection insurance. The price you
pay is minimal in comparison to what you stand to lose by not
taking the insurance. As the cardholder, you must decide what
is most important.
| 
Delicious
Google Bookmarks
Stumbleupon
Digg
BlinkList
Blogmarks
Facebook
Ma.gnolia
Reddit
Twitter
Yahoo My Web
Livejournal
