AmEx Offering ID Theft Help
American Express joined the list of companies offering its customers different levels and types of identity theft protection.
A basic service free to cardholders includes access to representatives 24 hours a day who can help navigate the recovery process and offer tips on how to protect against identity theft in the future, assistance in evaluating possible theft, and a comprehensive package of materials such as sample letters that cardholders can use to re-establish their credit.
For a fee of $9.99 per month, card members can enroll in a credit report monitoring service that alerts them when activity occurs on their accounts. The service provides quarterly credit updates, identity theft expense coverage up to $5,000 for recovery efforts, access to a special website that has resources on credit and identity theft resolution and toll-free telephone assistance from credit specialists. For $5.95 per month, card members can enroll in a protection program that has coverage of up to $15,000 for fees such as attorney's fees and court costs ($5,000), lost wages ($2,000), restitution for funds withdrawals ($2,500) and miscellaneous other expenses
Copyright © 2004 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 9, 11/04
Privacy Policy Disclaimer Recommend This Site ! Contact Us
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
|
Print Friendly!
Email This Article!
Discuss NOW!