Worried about losing your job or becoming ill and unable to pay your debts? Well then your card company will happily offer you a payment insurance service. The trouble is, these are often expensive, difficult to make a claim against and offer poor coverage - generally only meeting the minimum payment of your card. If you are genuinely concerned about making your repayments if you fall ill or lose your job, then take out a stand-alone policy that covers everything – rather than one just tied to your card.
Articles & Guides - Identity fraud protection
Identity fraud is one of the 21st century's fastest-growing crimes. Credit card providers are cashing in by offering additional ‘ID fraud protection services’ – for a fee. What you may not know is that it’s them who are actually liable for any fraudulent transactions on your card. ID fraud costs banks far more than it costs you, and they are working very hard to stop it regardless of whether you pay extra. Generally, checking your card statement and credit report regularly and knowing the number to call to cancel your card is more than enough protection – and costs almost nothing.
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