Guide money loss on item that was
Guide to create credit card purchase
one can deny the importance of credit cards as they make large amount of money
easily to carry in your pocket. It is a most convenient method of making
payments for shopping, business, or others purposes. Most of all credit cards are there when you need some emergency cash.
They also provide you the opportunity of making payments in installments i-e
sometimes you need something urgently that is way out of your budget, it helps
you in the hour of need to make payment in installments. It is very important
that you should learn to protect your credit card because it go away can be
very harmful especially when same takes full benefit of it
What is meant by credit card protection policy? There are protection schemes available that you can report your
missing or stolen credit card so that no one can take advantage of it. Almost
all type of credit offers you to get a protection under some circumstances. It
helps you to cover your money loss on item that was lost or stolen. But keep in
mind that not all purchases will qualify. You will also need to follow a claim process
within a certain amount of time from the date your item is stolen or damaged.
What does credit card purchase protection cover?
It should be understand what
things protection will cover and what it will not includes. Some items that it
may cover are:
· Electronic items.
· Home and garden items.
· Personal commodities.
purchase a dress two weeks ago and you left it in your car overnight. if your
car broken and someone steals your dress, the initial purchase might be covered
under policy if you have purchase receipt, your credit card will shows purchase
transaction and a police will report against it.
not include all the items such as services, tickets, perishables and gift card
are not be acceptable under this policy.
Motorized vehicles such as boats,
motor bikes, cars etc are
not eligible in this protection service. This all would be covered under
separate insurance policy.
How to file a credit card purchase protection claim:
Policies and requirements are depends upon your card. You
just need following documents to file a claim if you want protection against
your lose items.
· Receipt of your purchase items.
· Your credit card showing the purchase items.
· A police report
Any documents that support your case of
why a transaction should be covered by your card’s benefits.
You have to call on customer service number on the back
of your card. You can also run an online search
for “your credit card + file a claim” to find and use your credit card
company’s online claim form.
Once you fill
it, sign it and submit it for review. You can claim online or by according to
the instructions of your credit card company.
One thing you
should keep in your mind try to claim of your lost items as soon as possible.
If you have questions in your mind call on customer service number. They will
guide you more about it