Usage of plastic cards has tremendously increased these days due to various facilities and benefits offered by these cards. You need not carry cash, you don't need to pay now (in case of credit card), you can make online transactions, etc. Apart from these facilities, these cards offer reward points, discounts and cashbacks too.
Getting the cards is easy but managing these cards is not so simple as it looks. There are chances of misplacing the cards or there may be some fraud on the cards. How to cope up with this situation?
As a solution, now there is a plan known as Card Protection Plan (CPP) which will provide security to your cards. Just read this article and get full details of protecting your card easily.
Interested to know Which is better among Top up Home Loan, Personal Loan and Business Loan?
Card Protection Plan is an insurance cover against loss, theft and fraud of credit card, debit card, ATM card, membership card or loyalty card.
Suggested reading Become a Crorepati in the age of 40 the secret revealed
Card Protection Plan (CPP) is offered by almost all private and public banks and credit card companies in association with CPP India Private Limited.
You need a Card Protection Plan (CPP) as it provides you various services such as easy blocking of your misplaced cards, help in case of replacement of misplaced card, replacement of PAN card free of cost, urgent assistance, etc.
You need pay a fixed annual fee which is around Rs 899 p.a. to use the service of Card Protection. This annual fee is to be paid as a lump sum at the beginning of the membership. However, the premium differs depending upon the services and benefits being offered by the service provider.
Suggested reading How to Pay Rent through Credit Card?
If you do not hold multiple cards to manage and also, you keep a good control on your card usage i.e. you don't hand over the cards to family members or friends to do transactions then perhaps you do not require having Card Protection Plan.
In case you have multiple cards for different purposes and you are a frequent user of these cards & you are finding it difficult to manage them properly then you must have a Card Protection Plan (CPP). It would really help you a lot and will give you a protection against any fraud on the cards.
Further, CPP offers many services to its members as detailed below:
So, Card Protection Plan (CPP) is the best option to keep your card safe by paying very minimal premium. It helps in the event when your card is stolen or some similar issue happens. Availing this plan is very beneficial for those who are frequent travellers as there is higher probability of your wallet getting lost by some means or the other, in such an occasion, this Card Protection Plan (CPP) will help you.
Suggested reading 10 Things, Bank Will Ask before Providing a Business Loan
Suggested reading What are the 3 common reasons of not investing & what is the solution?
Suggested reading Fees, Charges and Penalty Associated with Gold Loan
25 Apr 2024
25 Apr 2024
24 Apr 2024
24 Apr 2024
20 Apr 2024
20 Apr 2024
20 Apr 2024
20 Apr 2024
26 Mar 2024
26 Mar 2024