Source: Yvonne Colbert, cbc.ca, April 30, 2020
After having no recollection of signing up for the insurance, one lady was refunded $7,452.90 and another was refunded almost $4,000. The insurance is often identified on credit card statements as balance protection, balance protector or credit card insurance.
It’s not every day a bank refunds thousands of dollars, but that’s what’s happening for some people who checked their credit card statements after reading a CBC story about credit card insurance in early February.
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