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Alpha Credit Protection credit card balance insurance
Alpha Bank SA, in addition to its status as a credit institution, also acts as an insurance intermediary. Find out more about Alpha Bank's intermediation (only in Greek).
Insure your outstanding balance
Discover the features
How it makes it easier for you
2 plans for maximum flexibility
The Alpha Credit Protection and Alpha Credit Protection Plus insurance plans cover the repayment of your Alpha Bank credit card balance if something unexpected comes up, such as illness, partial or total disability, loss of life or involuntary unemployment.
Choose the one that meets your needs and financial situation.
Everything online in a flash
Apply for and get an insurance plan from your computer, through myAlpha Web, in just a few steps, without visiting a branch or printing documents.
Insurance coverage until you’re 65
Enjoy insurance coverage until you are 65 years old, whichever one of the 2 plans you choose. You can apply to get the plans up to the age of 60.
What’s the premium
Depending on the outstanding monthly balance
For every €100 of your outstanding balance in your monthly statement you pay:
- €0.30, i.e 0.3% for Alpha Credit Protection
- €0.70, i.e 0.7% for Alpha Credit Protection Plus
For example:
| Monthly credit card statement | |
| New balance | €1,000 |
| Pending instalments | €200 |
| Alpha Credit Protection monthly fee | (1,000 + 200) X 0.3% = €3.60 |
| Alpha Credit Protection Plus monthly fee | (1,000 + 200) X 0.7% = €8.40 |
Zero premium for zero balance
If there’s a month that you don’t have any pending instalments and your outstanding balance is zero on the day the statement is issued, you are not charged.
Payment every month
You pay the premium along with your monthly credit card payment, whether you pay the minimum instalment or pay it off in full.
Compare the plans
|
Basic coverage
|
Maximum coverage limit
|
Alpha Credit Protection
(€0.30 per month / €100 outstanding balance)
|
Alpha Credit Protection Plus
(€0.70 per month / €100 outstanding balance)
|
|---|---|---|---|
100% for permanent full disability
You are covered for your outstanding credit card balance as it appears in the last statement before the start of the disability, whether it is due to accident or illness, with a lump-sum payment to Alpha Bank and to you. |
€60,000 |
|
|
10% for temporary total disability
You are covered for 10% of your outstanding credit card balance for 12 months. |
€3,000 |
|
|
100% for serious illness
You are covered for your outstanding credit card balance for 12 months if you suffer from serious illness, with a lump-sum payment to Alpha Bank. |
€30,000 |
|
|
100% for loss of life
You are covered for your outstanding credit card balance and the interest for the first 2 months after the day of loss of life, with a lump-sum payment to Alpha Bank and your legal heirs. |
€60,000 |
|
|
5% for involuntary unemployment
You are covered for 5% of your outstanding Alpha Bank credit card balance for 12 months. |
€12,000 |
|
|
| Get it now | Get it now |
How can I get it?
Apply provided you...
- Hold an Alpha Bank credit card.
- Are 18-60 years old.
- Have e-Banking credentials.
- Have updated your details at Alpha Bank.
Have at hand...
- The credit card you want to insure.
In addition, the necessary supporting documents depending on whether you:
- Already bank with Alpha Bank and have updated your details.
Want to start banking with us or haven’t updated your details
No e-Banking?
Get credentials
From your computer or mobile
If you hold an active Alpha Bank debit or credit card, you can get credentials on the spot, without visiting a branch.
Start banking with us
Online, without visiting a branch
Open your first account with Alpha Bank and get e-Banking credentials online.
Any questions?
Find the answers you need for Alpha Credit Protection and Alpha Credit Protection Plus.