Unfortunately, it is no news to anyone that violence in large cities has grown in a frightening way. Exactly because of this, insurance has become part of the Brazilian’s life and consumes a significant portion of his income. We seek life insurance, for the vehicle, residential and now even for credit cards. But Is It Worth It To Hire Credit Card Insurance? Follow this post and discover its advantages and disadvantages:
The insurance paid on the credit or debit card hardly exceeds R $ 5.00 per month, which, per year, would not even reach R $ 60.00. This amount is considerably small given the headaches you could avoid if you had your card stolen.
Some operators allow undue purchases not to be charged to the holder even a few days before the date of the theft notice, and the same goes in case of loss of the card. They cover all the amounts that are spent until the card is locked. But beware: anyone who has the habit of leaving the password annotated with the card loses the right to insurance coverage.
Some carriers also offer protection for purchases made over the internet, while others do not. Therefore, always check with your administrator to see what coverages are available and what events are not covered.
Customers with many cards
If you are the type of person who has multiple cards, but only uses one or two, you may be wasting money. Ideally, you should only have enough cards to carry out routine purchases and have the limit available for installment purchases when necessary. Other than that, having many cards increases the risk of loss or theft and ends up generating expenses with annuities and insurance that will never be used.
This can also make it difficult to control your expenses. The idea of the card is to centralize all the purchases in a single place and to allow to identify where are its greater expenses, so to do a financial management.
Avoid coming out with all your cards at once. It is always good to leave a reservation at home. So, if one of them is lost, you can use the reservation while waiting the second way of the other.
Insurance usually offers a number of other benefits that are not limited to loss and theft alone. Some offer compensation in case of an accident, coverage for travel, cover for loss of documents and luggage, reservation of VIP lounge in airports, lodging in case of emergency etc. There is even insurance that covers theft of portable objects such as cell phones and other devices.
The downside is that a lot of people do not even know that insurance offers all of this, and sometimes they do not enjoy it when they need it. Because it is such a low figure on the invoice, some forget to read the prospectus and do not write down the emergency numbers.
But this is not going to happen to you any more: from now on, keep these numbers down on your cell phone or somewhere else within easy reach and see which coverage and services are offered to you. When in doubt, call the call center and ask an attendant to explain the benefits to which you are entitled.