Which of the following is not a benefit of optional group balance protection insurance

What does balance protection insurance do?

Balance protection is a type of insurance offered to credit card users, which promises to pay off the minimum monthly payment associated with the card's outstanding debt balance. This protection only applies if the cardholder cannot pay due to specified circumstances, such as illness or sudden unemployment.

What is balance protection on TD visa?

We will pay a benefit equal to the Incurred Amount as of the Date of Loss, subject to the Maximum Amount of Insurance. In no event will the total benefit exceed the amount that appears on Your Account statement plus any unpaid purchases or charges made prior to the Date of Loss.

What is balance protector premium?

A balance protector premium (sometimes called balance protection insurance) is a type of insurance coverage that helps pay any outstanding credit card balance you or a family member may have if something unforeseen happens. Essentially, it's like having credit card insurance, but specifically on your balance.

What is a protected balance?

Protected balances are amounts owing on the account that under law are not subject to an increase in interest rates or fees. In general, a protected balance includes any charge incurred before or within 14 days after we send notice of such an increase.