When I apply for my credit card I recieved a phone call from the customer service and asked if I want credit shield? so I asked, What is credit shield? CS told me: If I lost my Job, Accident, or Death the insurance will take care of everything, but that's not the case this time.
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I was terminated, so I can't pay my card.
Now I went to the bank. Asking if I can claim, they told me that credit shield or insurance can only claim if the company that I work for is closed or unable to pay salary. Nothing more, and obviously if you die.
So guys don't apply for credit shield unless you know that your company is about to close. The insurance company is indirectly robbing you.