Protect your Credit Cards

Worried about protecting your credit cards, debit cards? Hesitating to carry it around and are you keeping it safe inside a locker? Willing to spend One Thousand Four Hundred and Four rupees a year.... Then read this article and go with a solution for the protection of your credit cards and debit cards. There are so many organizations that offers you this Card protection plan and one of the organization is CPP assistances private limited an UK based multinational organization.

The benefits of the plan includes the foll0wing features.

• Single point contact

After loosing your credit card or debit card do not feel nervous or panic just dial to the no '60004000' and report your card loss with the following details

1. Cpp membership number- provided to you after your enrolment to the card protection plan.
2. Your date of birth.
3. Name of the card that you have lost.

The advantages of the above scheme includes the following benefits

1. No need to remember the sixteen digit card number.
2. No need to remember the local helpline numbers of your Bank.

The above advantage though may sound beneficial to more than one card holders since they are supposed to remember more helpline and card numbers.

• Fraud Compensation

The fraudulent transactions if any happens in your card then that will be compensated by the CPP organization. The coverage starts seven days prior to the report of you to the CPP and extends to any period after your report.

1. The compensation for the fraudulent transactions before your report to CPP will be upto a maximum of One Lakh rupees. The maximum amount a card can get is Forty Thousand rupees.
2. The compensation after your report to the CPP will be a maximum upto Twenty Lakh rupees. Here whatever the fraudulent transactions happen everything is compensated upto the maximum coverage amount of Twenty Lacs.

• Hotel, Travel Ticket, Emergency Cash Assistance

If you loose your credit cards and debit cards when you are out of your hometown or travelling at that time you can get these assistances and the details of these assistances are as given below.

1. To meet your hotel expenses after the card loss you can get upto One lakh Twenty Thousand Rupees if you are staying or travelling abroad and if you are in India this will be up to sixty thousand rupees.
2. The Travel ticket expenses are same as above and it is One lakh Twenty Thousand Rupees in Abroad and in India this will be Sixty Thousand Rupees.
3. Emergency Cash Assistance will be Twenty thousand Rupees and this will be provided if you are in India at the time of card loss and not in Abroad.
   

These assistance are to be paid back in Twenty Eight days of time without any Interest.

Here the important advantage is just by spending One thousand Four Hundred and Four rupees (CPP membership fee of 1295rupees + Processing fee of 99 rupees + service tax of 10 rupees) all your cards are protected and there are no additional charges.

This is one of the plans available for Card Protection and particularly for people residing in India and this plan is called Premium Plan of Card protection Plan.

There are a number of versions in this Card Protection Plan and the discussion of those plans are deferred to the upcoming articles.