Getting Insurance with Credit Card (Part 1)

July 4, 2009 by  
Filed under Credit Card, Insurances

Insurance with your credit card (Visa, Mastercard, American Express) are more like contracts to help you attend to incidents, for a short time without providing health insurance coverage and very important in any case if you stay more than 3 consecutive months in the United States.

If you want to be well covered, we recommend you use them in conjunction with a specific insurance. Without going into too much detail, we will outline the services offered.

The main services via your credit card

Warning: This analysis is not exhaustive and has no legal value. Moreover, certain safeguards have been updated by the banking institutions but not yet integrated in our presentation. We recommend you always contact your bank for details of your cover.

Persons insured

It is usually the cardholder, spouse or partner, dependent children for tax under the age of 25 years and ascending and descending. A note on Visa cards that the spouse and dependent children are covered even if not accompanied by the cardholder. As for the MasterCard “standard” including the family of the owner must accompany order to receive the benefit.

Territorial Extent of coverage

For Visa “standards” and “first”, you will be covered worldwide, without excess mileage for your business or private stay in your country of residence (if you are a resident French: metropolitan France including Corsica, Monaco, Andorra, DOM TOM and COM) or outside your country of residence for the security assistance. Regarding the insurance guarantee, it applies to more than 100 km from home or place of work. For cards Mastercard and American Express, assistance does not require franchise mileage, except for the “Gold Amex with which you are covered until 50 Km to you for the assistance of your vehicle, the medical assistance and repatriation expenses, and 100 km from your home in the world to guarantee the rental vehicle.

Length of Coverage

Guarantees of credit card take effect on the date of purchase (under certain conditions) on these cards throughout the duration of them until termination or automatic renewal by the licensee in the country of residence. When traveling abroad, secured assistance apply the first 90 days of stay. This condition can vary from one card to another depending on the type of coverage (insurance or assistance) if the stay is to last longer for specific reasons (death, disability due to an accident during the stay) for the “Visa First, the insurance guarantees apply the first 180 days of stay. Caution: If your stay exceeds 3 months your credit card “standard” will not cover you.

How to Make Secure Online Payment with Credit Card

April 5, 2009 by  
Filed under Credit Card, Financial Tips

Making certain provisions and the use of selected technologies should be able to facilitate obtaining loans from banks.

The fundamental element in the granting of credit is confidence. Whether a bank or an individual person can not lend money if there is no minimum pre-established trust between them. But the business of banking or finance in general, requires caution in making funds available to potential applicants. The money which the bank manages does not belong to this agent. Therefore eligible for a loan, the borrower’s reputation will precede it in its approach. Details such as the state criminal history are taken into account.

Also, if the borrower has already been in trouble with an agency of the same banking network, the flow of information to help, ask the banker he denied this request.

The company or person wishes to seek a chi credit must therefore ensure that its reputation is not tarnished.

How to tame the distrust of banks?

Many people have bankable projects under the arms, but unfortunately have a phobia for financial institutions. Banks are still perceived as reserved vis-à-vis a certain class of society.

In addition, the rigor with which justified analysts bankers treat the files merely reinforce psychosis populations in need financing. “The bankers never grant free credit. They are quite quick to collect money from households “hears.

In reality, it is in the household saving it mobilizes the banks provide loans. This constitutes the basis of its existence.

How then to get the financial institution that gives you easy credit?

The trick is to produce the bank a profitable investment project which will minimize the risk and recover the loan on time. The results of most banks despite the crisis, show that they are very liquid.

It is therefore an appropriate time for any investor to overcome fear and break down some prejudices to lead the offensive that will get funding. All financial institutions are waiting for that.