Canadian Newcomer archive

Credit Card Balance Insurance Is Not for Everyone

An early consumer-finance article asking readers to compare cost, exclusions and actual need.

Canadian Newcomer, Issue 11 · Issue 11

Archive page. Statistics, programs, contacts and rules may have changed since the original publication.

This archived story encouraged readers to look beyond the name of a credit-card insurance product and ask what it covered, when it paid and whether another benefit already met the same need.

Product terms and consumer rules change. Current readers should review the certificate of insurance and the Financial Consumer Agency of Canada’s current information before deciding.