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Do I need card protection??
emylou
Posts: 445 Forumite
Am due for renewal but was just wondering whether I actually need this service or if I get someprotection with each individual card I have?
It's with CPP and will cost £36.99
Advice gratefully received, thanks in advance
It's with CPP and will cost £36.99
Advice gratefully received, thanks in advance
Married my wonderful husband February 2013!:happyhear
I want to wear my beautiful wedding dress everyday- it would make shopping so much more fun, I mean, people go shopping in their pyjamas these days.......
Must STOP spending!!! 
Proud to be dealing with my debts!
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Comments
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What is it protection against? If it's protection against loss of income due to unemployment or sickness, then it depends on how much crap you would be in if one of those events happened. If you don't think you could cover your debts in those circumstances then protection would be a good idea.Changing the world, one sarcastic comment at a time.0
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This is the company details and services-http://www.cpp.co.uk/card-protection/?ptab=tab2
I'm still confused :SMarried my wonderful husband February 2013!:happyhearI want to wear my beautiful wedding dress everyday- it would make shopping so much more fun, I mean, people go shopping in their pyjamas these days.......Must STOP spending!!!Proud to be dealing with my debts!0 -
Ah, personally I wouldn't bother with it. But if you have a lot of credit cards, travel a lot and/or are extra clumsy and forgetful then it might be a useful service Changing the world, one sarcastic comment at a time.0
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I personally get it free with my staff bank account and don't think I've even bothered registering.0
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Seems like a lot of money for not much in return.
They basically
1) Give you fraud protection that you don't need. The consumer credit act gives you all the protection you need. If someone uses your card it isn't your problem.
2) They call your bank and order new cards. Wow. This takes all of 30 seconds.
3) They give you some pocket money while your cards are replaced so you can buy a handbag.
That's not much help for £40.
I'd keep the £40 and look after your cards. Take some telephone numbers with you if you go on holiday and look after your PINs.
A LOT of fraud protection and a tiny bit of cash to help you out.0
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