| Most people hesitate in spending money in order to | | | | If you are outside the UK, your travel insurance policy |
| insure their credit cards. But little do they know the | | | | will often offer protection against lost credit cards. |
| truth. | | | | Even so, the PPI company is more effective in such |
| Thirteen thousand credit cards are stolen, lost, or | | | | cases as it may offer global protection for all your |
| misplaced every day in the UK. What if yours is one | | | | cards, 24x7. |
| of them? Imagine if your card is stolen and the thief | | | | Liability Coverage: |
| goes on a shopping spree? Theoretically, he can buy | | | | - You might get £1,000 for legal costs if your card |
| goods worth millions and leave you to pay the bills | | | | has been used fraudulently. |
| later. | | | | - This is a significantly larger sum than the £50 you |
| Consider this for a bit: | | | | would have got from most UK cards. |
| - credit card fraud is now, annually, a four hundred | | | | - Frequently, you may also get £3,000 as |
| million pound industry and growing everyday | | | | emergency cash or £1,500 for each joint policy |
| - Internet credit card fraud is a fourth of that, at more | | | | holder. |
| than a hundred million pounds per year | | | | - Sometimes, you are given £3,000 as emergency |
| The Home Office is involved and has already begun | | | | payment for hotel bills if you are abroad. |
| many programs to tackle this problem. Don’t you | | | | - £100 is often given if you happen to lose some |
| think its time you also woke up and figured out how to | | | | cash along with your cards. |
| minimize your losses? By the time you realize your | | | | - £200 is given sometimes to recover lost luggage. |
| card is stolen or lost and you report it, you could have | | | | - £200 might also be offered in order to replace |
| lost hundreds of thousands of pounds. The safest | | | | passports or driving licences that were lost or stolen |
| thing to do is get yourself a credit card purchase | | | | while you were abroad. |
| protection insurance plan or PPI. | | | | - £100 can be paid for calling the police and the |
| The Benefits of a PPI | | | | insurance companies in order to inform them of your |
| You need to only call one phone number the moment | | | | lost cards. |
| you realize your card is gone. | | | | - £100 can also be paid for replacing handbags and |
| No need to memorize all the card numbers, your PPI | | | | wallets. |
| company may have it on their records when you | | | | - Return tickets to travel home might be given to |
| provide your reference number to them. | | | | some customers. |
| They might immediately de-activate your cards. | | | | Don’t you think its worth getting a PPI now for all |
| They often also send replacement cards. | | | | your credit cards? |