I got a $25 check from Chase that, if cashed, will activate a payment insurance program on my credit card account. It says I can cancel within thirty days. I gather from some other posts that some of you do this? I feel funny about it. I really don't want the program. Thoughts?
Check from Chase
June 23rd, 2006 at 11:18 am
June 23rd, 2006 at 12:17 pm 1151065029
June 23rd, 2006 at 12:28 pm 1151065718
HOWEVER, if you carry a balance, it's a definite no-no. The monthly fee for the coverage will probably cost more money than you're getting from them. The higher the balance you carry, the higher the fee.
It really depends on your circumstances, and like Ima said, how much hassle you want to bother with.
June 23rd, 2006 at 02:16 pm 1151072193
The question you have to answer: Is the $25 (or $75) you'll receive from this worth the time to make a notation to cancel in your calendar, sit on the phone with them for 5-10 minutes while they go through their script, then repeat when you're really ready to cancel. In my book, spending less than 1/2 hour for $75 bucks is worth it, but it's an individual thing...