What Is Credit Shield Premium?
Credit shield premium is an optional coverage that can be added to your credit card or loan. It provides protection against unexpected events that could impact your ability to make payments, such as job loss, disability, or death.
How Does Credit Shield Premium Work?
When you enroll in credit shield premium, you will pay a small monthly fee. In the event that you experience a covered event, the credit shield premium will make payments on your credit card or loan up to the coverage limits.
For example, if you lose your job, the credit shield premium will make your monthly credit card or loan payments for up to six months. This can provide you with peace of mind knowing that you will not have to worry about making these payments during a difficult time.
What Are the Benefits of Credit Shield Premium?
- Protects you from unexpected events that could impact your ability to make payments
- Provides peace of mind knowing that you will not have to worry about making payments during a difficult time
- Can help you maintain your credit score
- Is relatively inexpensive, typically costing less than $1 per month
Is Credit Shield Premium Right for Me?
Whether or not credit shield premium is right for you depends on your individual circumstances. If you have a stable job and good financial health, you may not need credit shield premium. However, if you are concerned about the possibility of losing your job or becoming disabled, credit shield premium may provide you with valuable peace of mind.
How Do I Enroll in Credit Shield Premium?
You can enroll in credit shield premium when you apply for a new credit card or loan, or you can add it to an existing account. To enroll, simply contact your credit card or loan provider and ask about credit shield premium.
Credit shield premium is a valuable form of protection that can provide you with peace of mind knowing that you will not have to worry about making payments during a difficult time. If you are concerned about the possibility of losing your job or becoming disabled, credit shield premium may be a good option for you.
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