Whether you’re an existing or new MBNA customer, our Payment Protection Cover offers protection should the unexpected happen. Your credit card payments will be covered against:
- Accident and Sickness: pays at least your minimum monthly credit card payment up to a maximum of 20 months
- Involuntary Unemployment: pays at least your minimum monthly credit card payment up to a maximum of 12 months
- Carer cover: the policy will cover you if your work ceases due to the need for you to become a full time carer for a close relative
- Hospitalisation: if you’re over 65 or permanently retired from work, the policy will pay at least your minimum monthly credit card payment up to a maximum of 20 months
- Life cover: in the event of death, the policy will pay the outstanding balance (less any arrears) up to a maximum of £30,000
Other features include free unemployment, medical and legal helplines—available whether claiming or not. We also offer a simple claims process.
Cost
79p per £100 of your balance (including your insurance premiuma)
Get Payment Protection Cover
Or call 0800 062 621
24 hours, 7 days
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a This cost also includes Insurance Premium Tax at the current rate. The amount you pay each month will be based upon the highest balance on your account for the applicable statement period. For example, should your highest balance be £1,000 for 3 months, then the total cost of the cover would be £23.88 (plus interest, if applicable).
- How does Payment Protection Cover work?
- What will the policy cover me for?
- How do I know if I’m eligible?
- How do I make a claim?
- Who do I call if I would like to cancel my policy?
How does Payment Protection Cover work?
While you are unable to work, let us take care of your credit card repayments. Payment Protection Cover could pay 5% of your claim event date balance per month, direct to your MBNA credit card.
Payment Protection Cover costs 79p per £100 of your balance (including your insurance premium). This cost also includes Insurance Premium Tax at the current rate. The amount you pay each month will be based upon the highest balance on your account for the applicable statement period. For example, should your highest balance be £1,000 for 3 months, then the total cost of the cover would be £23.88 (plus interest, if applicable). Please see terms and conditions for full details of the cover.
What will the policy cover me for?
MBNA could make your MBNA credit card repayments for you in the event of accident, sickness, involuntary unemployment or becoming a full time carer. Hospitalisation cover replaces these if you are over 65 or permanently retired from work, if earlier. Life cover, up to £30,000 is also included.
How do I know if I’m eligible?
You must be between the ages of 18 and 70. For disability, involuntary unemployment and carer cover you must be under 65 and in work. For hospitalisation cover, you must be 65 or over but under 70, or have permanently retired from work. Please see our terms and conditions for full eligibility requirements.
Please see terms and conditions for full eligibility requirements.
How do I make a claim?
To make a claim, call us on 0800 169 2350.
Who do I call if I would like to cancel my policy?
To cancel your policy, call us on 0800 062 621.
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Questions and Claims
Get immediate answers to your questions and claims:
Insurance contacts
Request a Claim Form
0800 169 2350
9 a.m. to 5 p.m.,
Monday to Friday