Current location - Trademark Inquiry Complete Network - Overdue credit card - What does it mean when China Merchants Bank Credit Card tells me to buy repayment insurance?
What does it mean when China Merchants Bank Credit Card tells me to buy repayment insurance?

The bank's credit card asked me to buy repayment insurance, which is a protection measure designed to help credit card holders avoid being unable to repay on time due to accidental disability or death.

When the cardholder is unable to repay due to an accident, China Merchants Bank will provide the cardholder with interest-free protection based on insurance liability. This service mainly provides protection for credit card holders, because during the credit card repayment process, it often happens that due to various reasons, the repayment cannot be made on time. By purchasing repayment insurance, cardholders can obtain certain protection against increased repayment pressure or inability to repay on time due to unexpected events.