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.
Chat with our AI personalities
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
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.
You can purchase goods and services using a 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.
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.