How can I protect my Card repayments?

When you apply for a credit card, you will be offer payment protection insurance to pay via your credit card bill.

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How can I keep my credit card secure?: Like anything, a credit card can be stolen or used without your knowledge, so follow these simple rules to keep your credit card secure:
What is credit scoring?: Most of the major credit card companies use their own credit scoring systems – normally but not always in conjunction with a credit rating from a credit reference agency.
What is a Balance Transfer?: Transferring balances has become a popular and easy way to consolidate multiple card balances in one place, while simultaneously making significant savings on interest payments.
Why is it worth making a Balance Transfer?: If you have a large outstanding balance on one or more credit and store cards – you will undoubtedly be able to save money by transferring your balance to another credit card.
How much can I Balance Transfer and how long does it take?: Most credit card companies will only allow you to make a minimum of £100 balance transfer either from or to your credit account, because of the administration involved.

This means that if the unexpected happens and you can't pay your credit card bills because of an accident, sickness or involuntary unemployment, the Payment Protection Insurance will cover the monthly payments for you. Cover will be charged as a proportion of your monthly balance, and though costs vary between different credit card companies an average figure would be about 75p per £100 of your monthly statement balance.

As a general rule, if you need to claim on your Payment Protection Cover, the insurance will pay 5% of your outstanding balance after 15 consecutive days and will continue to do so for a period of up to 11 months. In the twelfth month your entire remaining balance will be cleared along with any interest owed. If you or an additional cardholder dies, your insurance will cover the full outstanding balance subject to a maximum of £10,000.

* Terms and conditions will vary for different credit card issuers.