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What is Credit Card Payment Protection?

Credit card payment protection plans helps you to ease your loan payments, protect your family, and safeguard your credit rating during certain unexpected and qualifying events.

Basically, you pay a monthly premium and you can defer payments from one month to 2 years in case of involuntary unemployment, hospitalization, disability or other qualifying events.

How much it will cost ?

It costs money to enroll, credit card companies charge around $0.89 per $100 of your ending monthly statement balance. There is no fee if your ending monthly statement is zero.

So, you will be charged $17.80 per month (20x.89= 26.70) for $2,000 balance

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