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Check your credit card statements for something like "security protection fee". I was paying $20/mo lumped in to my monthly bill. I initiated a charge back agai
by logn 12y ago
Check your credit card statements for something like "security protection fee". I was paying $20/mo lumped in to my monthly bill. I initiated a charge back against the credit card company itself and had a few hundred dollars back within minutes.
This is a bogus insurance plan that credit card companies add to protect you against unknown evils. I had no idea how they signed me up.
- GFischer 12y agoDo not confuse that "security protection fee" with the actual credit life insurance. That one is slightly less scammy, in that it will save your relatives a hassle in the event of your death. Part of my work is processing claims for those, and it is one less burden for the insured's relatives. It is a bit scammy in that the premium is much higher than it should be given the risk, because people don't shop around for that kind of low cost insurance, it often comes bundled with the credit card itself. I have the "security protection fee" (they got past my guard and I said "yes" over the phone) and I don't have the slightest idea what aditional benefit it gives me.. I should try to fight it, but the idea of spending several hours on the phone to cancel it is not appealing.
- logn 12y agoIt didn't take me several hours. I think I asked to be transferred to the credit dispute department and they resolved it immediately. Explain you never signed up for it, wittingly. That they refunded it so easily made it feel even more scammy.