Query related to CBQ Credit Shield for Customer
Dear QL's
On behalf of my friend, who is expected to terminated by his company having confusion regarding credit card shield plus. He has already checked from bank via customer service how it works but the answer is remained generic.
He is having a credit limit of 22,000 QAR and out which he has credited 18,000 which is being paid on monthly installments. His question is if he gets terminated/ laid off next month as company project has been finished and He doesn't have any option left to pay the balance amount.
Will the credit shield will protect him from paying the rest of amount? because the link which bank shared clearly states that 100% of balance amount upto 46,000 QAR due to loss of employment.
Some people says credit shield only charged on monthly payments but you will have to pay the balance amount as credit shield doesn't cover anything??
Some says partial amount to be waived off like 10% and rest will be paid by customer. He has already paid a lot in terms of credit shield for insurance on monthly basis.
Please give your valuable feedback in case of sudden termination, he can proceed for the best.. Thank You in advance.
Hai Mr.humanoftheworld , may i know what happened on above situation, because now am also in same situation and confusion.
If you share your valuable experience, it will be useful to me to proceed.
Thanks.
Hai Mr.humanoftheworld , may i know what happened on above situation, because now am also in same situation and confusion.
If you share your valuable experience, it will be useful to me to proceed.
Thanks.
Hai Mr.humanoftheworld , may i know what happened on above situation, because now am also in same situation and confusion.
If you share your valuable experience, it will be useful to me to proceed. email: [email protected], 55362467
Thanks.
Hai Mr.humanoftheworld , may i know what happened on above situation, because now am also in same situation and confusion.
If you share your valuable experience, it will be useful to me to proceed. email: [email protected], 55362467
Thanks.
Hai Mr.humanoftheworld , may i know what happened on above situation, because now am also in same situation and confusion.
If you share your valuable experience, it will be useful to me to proceed. email: [email protected], 55362467
Thanks.
Hai Mr.humanoftheworld , may i know what happened on above situation, because now am also in same situation and confusion.
If you share your valuable experience, it will be useful to me to proceed. email: [email protected], 55362467
Thanks.
Hai Mr.humanoftheworld , may i know what happened on above situation, because now am also in same situation and confusion.
If you share your valuable experience, it will be useful to me to proceed. email: [email protected], 55362467
Thanks.
Hai Mr.humanoftheworld , may i know what happened on above suituation, because now am also in same suituation and confusion.
If you share your valuable experience, it will be useful to me to proceed. email: [email protected], 55362467
Thanks.
You are correct. The same thing we had read, but there is certain percentage they offer at the of termination.
We have checked from bank but they are not giving any details only referring this link.
If someone have the experience, please share. Thank You in advance.
Go to the website:
http://www.cbq.qa/en/personal/cards/card-benefits/pages/credit-shield-plus.aspx
Here, it states that "Shop with total confidence and the assurance that everything you buy with your Commercial Bank Credit Card is protected.
In addition, if you are unable to meet your repayments, your outstanding balance will be taken care of. For instance, in the case of permanent disability, death or loss of employment we will waiver what you owe"