answersLogoWhite

0

Credit card protection is a form of insurance which an individual can take out with an insurance company. If the individual becomes unable to pay off their credit card debt due to illness or redundancy for example, the insurance will cover the debt.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

How much is a two percent purchase on a credit card?

It will depend on how much your credit limit is. For example, if your credit card limit is $500, a two percent purchase on your credit card would be $10.00


What is the protection of credit card information know as?

it is known as your credit card protection.


When did credit card protection start?

credit card condoms


What is the difference between a purchase and a payment on a credit card statement?

A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.


What is credit card protection for?

The purpose of credit card protection is to protect the user of a credit card. If one's card is stolen and questionable purchases are made, an automated system will cancel the credit card and alert the user.


What can I purchase using a credit card?

You can purchase goods and services using a credit card.


How can you use a debit card as a credit card to ensure you receive the same level of protection as a traditional credit card?

To use a debit card as a credit card for better protection, select the "credit" option when making purchases. This way, the transaction is processed through the credit card network, providing similar protections as a traditional credit card, such as fraud protection and chargeback rights.


What happens when you make a purchase using a credit card?

When you make a purchase using a credit card, the credit card company pays the merchant on your behalf. You then owe the credit card company the amount of the purchase, which you must pay back according to the terms of your credit card agreement.


Why do you have to give apple your credit card number?

if you were to buy something (music, app,etc...), the purchase would go to your credit card.


Where can I purchase home depot credit card online?

You cannot purchase home depot credit card online but you can purchase a home depot gift card online or in the store. To get a credit card you have to apply for it


Do credit cards cover stolen packages?

Yes, some credit cards offer protection for stolen packages through purchase protection or fraud protection benefits. It's important to check your specific credit card's terms and conditions to understand the coverage provided.


When making a credit card purchase at a store, to whom do you agree to pay?

When making a credit card purchase at a store, you agree to pay the credit card company that issued the card.