How to Get Credit Card Companies to Remove Payment Protection

Payment protection is insurance offered by your credit card company or a third-party provider. The insurance protects you from having to make the minimum payment on your credit card if you lose your job or if you are injured or sick and can not work. The charge for the insurance is normally assessed as a small percentage of your monthly credit card bill. Often the insurance is provided without a charge for a limited period of time after you sign up. To get your credit card company to remove the payment protection insurance, you need to contact your credit card company or third-party insurance provider.

Instructions

1. Call the customer service department of your credit card company. You can find the phone number on the back of your credit card or on your monthly credit card statement.

2. Tell the customer service representative that you would like to cancel your credit card's payment protection insurance. The customer service agent might transfer you to another department or give you another number to call.

3. Insist that you want to cancel the coverage. Customer service representatives are trained to sell you additional services for your credit card like payment protection insurance. The customer service agent may try to persuade you to keep the coverage by offering you free insurance for a limited time or by informing you of the benefits of keeping the insurance coverage. Be firm. Insist you want to cancel the insurance.

References

• CapitalOne: Capital One Online Banking FAQ
• ChasePaymentProtector: Payment Protector
• BankofAmerica: Credit Protection Plus Credit Card Protection