Credit Card Protection

Credit Card Protection pays the minimum repayment or a percentage of the credit card balance following involuntary unemployment, accident or illness. In addition, in the event of death, critical illness or disability the outstanding balance will be paid.

Credit Card Protection Overview

Many customers worry about how they would cope with credit card repayments if they found themselves unable to work.

Key Components

Credit Card Protection pays a percentage of the customer’s card balance – each month for up to 12 months or until they return to work, whichever is earlier – in the event of:

  • Involuntary Unemployment

  • Accident

  • Sickness

  • Permanent Total Disability

  • Critical Illness

  • Hospitalisation.

And we pay off the outstanding balance in the event of:

  • Permanent Total Disability

  • Critical Illness

  • Death.

Partner Benefits
  • Protects and enhances your relationship with your customer

  • Multiple product holdings build loyalty

  • Builds caring brand perception

  • Cross-sales & incremental revenue opportunity.

Customer Benefits
  • Customers no longer have to worry about paying their credit card bill if the worst happens and can focus on recovering or finding a new job

  • Helps to safeguard their credit rating

  • Premiums are tailored fairly to your customer’s balance each month.

Want to find out more about our Credit Card Protection?