ID Theft

do i need credit card fraud protection? My stupid card service is saying i need it to protect me?! WTF?

Public Comments

1. nope, you don't need it at all. credit card companies will not force you to pay a charge if somebody stole your identify or card numbers.
2. They want you to pay them for extra protection. You are not required to do it.
3. No WTF, you don't need it WTF. But work on your vocabulary.
4. If someone steals your card and uses it, as long as you follow the proper procedures you will be protected for anything over $50 and in some instances the full amount stolen from the card. Proper procedures would be to report it to the credit card company in a timely manner, to file an ID theft report with the police and then send a copy of the police report to the credit card company. The other type of protection they try to sell is if you become ill, disabled, lose your job, etc., the card payments are supposed to be made - HA. Good luck with that. Most people find that after paying those high premiums if they lose their job, become ill, whatever.. they have to fight tooth and nail to get the company to pay what they are supposed to pay. In the meantime, their credit becomes trashed because the payments aren't being made, they spend hours upon hours on the phone, and send countless letters, fruitlessly trying to get things resolved. If you want to pay for that type of insurance, talk to the insurance agent you use for your car and home to see what type of policy they can offer you.