6 Facts About Credit Card Protection Plan


2. Standard Card Protection Plan will cost you about 3 per day. The daily charges would be added and paid once as the annual fee, which will be deducted as a lump sum at the beginning of the membership. The fee charged for membership differs depending on the benefits offered to you. There are various kinds of plans available that is classic/premium/platinum plan which you can buy in accordance to your needs and suitability.

3. Your membership will begin as soon as you pay the fee for Card Protection Plan. Your membership will remain valid for one year. After paying the plan fee in lump sum, you will also be provided a 30 day cooling period when you can cancel your membership if you feel it’s necessary to do so. Bank will refund you the amount paid as annual fee only if during the cooling period you did not make any claims of insurance benefit.