• Sun Life Grepa offers credit card protection


      In a report from 2015, the Credit Card Association of the Philippines (CCAP) said that nearly seven million credit cards were issued to over three million cardholders in the country, with the number of users expected to grow exponentially in the next few years as more Filipinos embrace the ease that electronic payments offer.


      “Filipinos are now embracing the convenience of an electronic payments system. And with the growing presence of online shopping channels, anyone with a credit card can easily purchase products and services from anywhere in the world,” said Joen Songco, Vice President for Affinity Marketing of Sun Life Grepa Financial, Inc (Sun Life Grepa).

      However, along with the convenience credit cards provide also comes the danger of fraud and identity theft. A global fraud study conducted in 2016 by universal payments company ACI Worldwide, showed that nearly one in three credit card users have been victims of credit card fraud.

      In line with this, Sun Life Grepa, has partnered with the country's leading non-life insurance company, Malayan Insurance, to offer Card Guard Plus. This comprehensive credit card protection product bundles Sun Life Grepa's Life and Accident Insurance with Malayan's Lost/Stolen Card Protection, Online Internet Fraud Protection, Purchase Protection and Travel Insurance. Card Guard Plus also includes Multi Card Protection which allows a cardholder to cover up to three credit cards by just paying one (1) monthly premium.

      For as low as Php4 per day or Php120 per month, credit card owners can get peace of mind whether they are online or offline.
      Visit www.sunlifegrepa.com to learn more about Card Guard Plus, or call (632) 866-6360 to 61 for more information.
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