Balance Protection
What is 'Balance Protection '
The optional coverage on an existing credit card account. Typically, the fee for the balance protection is a specified percentage of the balance on the card and is added as a fee to the monthly statement. The balance protection coverage is offered to cover minimum monthly payments (and in certain cases a higher amount) in the event that the cardholder is injured or becomes unemployed.
Explaining 'Balance Protection '
The optional balance protection will provide minimum monthly payments to insure that the account does not become default in the event that the cardholder becomes injured or unemployed. Balance protection agreements vary from bank to bank; it is recommended that cardholders read "the fine print" to determine if the coverage would be beneficial.
Further Reading
The role of green finance in environmental protection: Two aspects of market mechanism and policies
www.sciencedirect.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
www.sciencedirect.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
jamanetwork.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
www.sciencedirect.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
academic.oup.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
fkd.org.ua [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
link.springer.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
www.tandfonline.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
ideas.repec.org [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
www.sciencedirect.com [PDF]
… policy, we explore and reveal how green finance helps us to achieve ecological balance … to the projects of conserving biodiversity or indirectly to business activities of protecting the area … and has a long payback period of investment, so the environmental protection industry must …
Tags:accountbalancebureaubusinesscapitalcardconsumerconsumerscountrycrisiscurrentdebitdegreeeconomiceconomicseconomyenvironmentalfinancefinancialformulasgovernmentgrowthimpactincomeindustrylatestlearnmajormarketsmoneypaymentpaymentspeopleplanningpolicyprotectionpublicrelatedrolerulesservicessheetsheetssystemtradeunderstandingworkworld
Q&A About Balance Protection
What type of insurance does Balance Protection provide?
Balance Protection provides insurance against late fees in case you cannot make your minimum payments due to injury or unemployment.
What does protectionism reduce?
Protectionist policies reduce trade and adversely affect consumers in general (by raising the cost of imported goods), and harm the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against.
What is protectionism?
Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.
What is balance protection?
Balance Protection is an optional coverage on an existing credit card account.
How do economists feel about protectionist policies?
Economists believe that protectionism has a negative effect on economic growth and economic welfare, while free trade, deregulation, and reduction of trade barriers have a significantly positive effect on economic growth.
Who would want to pay this additional fee?
Someone who feels that they might become injured or unemployed in the future and wants to be protected from late fees if they are unable to make their minimum payments on time.
How much does the fee for balance protection typically cost?
The fee for the balance protection is a specified percentage of the balance on the card and is added as a fee to the monthly statement.