Payment Protector
What would you do if you were suddenly unable to make your credit card payments?
Our Payment Protector plan can help.
Payment Protector is designed to protect you in the event of your:
- involuntary job loss
- disability
- unpaid leave of absence
- hospitalization
- accidental death
Payment Protector can cancel your TD Visa minimum monthly payments or outstanding balance when you can't make the payments.
How does it work?
In the event I become unemployed, disabled, or are hospitalized
If you find yourself out of work, through no fault of your own, Payment Protector can cancel your monthly minimum payments on your TD Visa. For job loss or disability benefits, your monthly minimum payments will be cancelled until either you return to work, or the outstanding balance has been cancelled, up to a maximum of $10,000 or 24 minimum monthly payments cancelled. If you are hospitalized for at least two consecutive nights, Payment Protector can cancel your monthly minimum payment, up to a maximum of $10,000 or 24 minimum monthly payments combined for all individually-approved qualifying events.If I am approved to take an unpaid leave of absence If you are approved to take an unpaid leave of absence from work, Payment Protector can cancel up to 6 consecutive minimum monthly payments on your TD Visa, up to a maximum of $10,000 or until you return to work, or the outstanding balance has been cancelled.
In the event of an accidental death
In the event of your death due to an accident, the outstanding balance on your TD Visa (on the date of your death) can be cancelled, up to a maximum of $10,000. Payment Protector will provide your loved ones with the security of knowing that they will have one less financial obligation.
How much does it cost?
The cost of Payment Protector is just $0.89 per $100 of the average daily balance. The Plan fee will be charged to your account and will appear on your monthly statement. If you do not have a balance on your TD Visa, you will not be charged a Plan fee.
Who is eligible to enroll?
You may enroll for Payment Protector if you are the primary cardholder of an active TD Visa Card account that offers the Payment Protector plan. Your account must be open and in good standing so that we may charge the plan fee to your account.
Our satisfaction guarantee
To make sure you are satisfied with this protection, if you decide to cancel within 30 days of our sending you the Payment Protector Plan information, any Plan fees will be refunded to your account. If you have any questions or you decide you no longer wish to participate in the Plan, please call our toll-free hotline 877-521-0243 and we can discontinue the program at any time.
Enroll today by calling 877-521-0243 and make Payment Protector work for you.
DISCLOSURES
Optional purchase: Your purchase of Payment Protector is optional. Whether or not you purchase Payment Protector will not affect any application for credit or the terms of any existing credit agreement you have with TD Bank, N.A. We will send you information about the Plan including the Addendum to the credit card agreement, which contains the terms of the Plan. Please carefully read and review all the Plan information. You will receive this package before you are required to pay for the Plan.
Eligibility requirements: There are eligibility requirements, conditions and exclusions that could prevent you from receiving certain benefits under the Plan, but you would still remain eligible for the other benefits. You will find a complete explanation of the eligibility requirements, conditions and exclusions in the debt cancellation Addendum that will be sent to you within 3 business days of enrollment.
