Other Credit Card Insurance?

Subotai

Registered User
Messages
37
Hi, can anyone comment on credit card insurance. Is it worth getting?

I just got a card with Ulster Bank, and i am concerned about fraud. If my credit card is stolen and used to purchase items, will Ulster Bank cover the cost? Or do i need credit card insurance for this?
 
Usually if you comply with reporting terms for the CC (i.e card lost or stolen), the bank will not penalise you. Personally I think CC insurance is a rip-off. Check T&C's you got with the card, or ring the bank to express your concerns. Be particularly careful with online purchases too, as this is one of the easiest ways to be duped.
 
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