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What type of insurance is good to have with your credit card?

12/10/2021

 
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Everything you need to know about purchase and travel insurance that will give you peace of mind in case unforeseen events happen.

The convenience of having a credit card and being able to shop and pay later is appreciated by many, but did you know there are more benefits associated with your credit card? In this article, we introduce you to the purchase and travel insurance that are included in some of the credit cards you use and which are the most valued coverage.

What is Credit Card Insurance?
Credit Card Insurance is a product offered by insurance companies, companies, stores and banks to indemnify the insured in unexpected situations, such as theft and scams, involving bank cards. These insurances are usually used to protect customers when shopping.

This service was designed because the credit card is an object very targeted by criminals, especially in the digital environment.

In this scenario, insurance companies and banks saw an opportunity to protect their customers. So, card insurance has the function of preventing possible damages related to credit card misuse, protecting your purchases, both physical and online.

With travel becoming more and more part of the everyday life of ordinary people, travel insurance has become indispensable and many insurers and companies already include it in their package.

What is Credit Card Insurance for?

Now that you know what credit card insurance is, let’s explain how it works in practice. Generally, this type of insurance is charged monthly and can be deducted from your credit card bill or is part of the package you purchased at your bank or insurance company.

When purchasing Card Insurance, the insured who experiences any problem with their credit card can notify the company responsible for the insurance. In this way, the customer is able to request the reimbursement of undue expenses and avoid losses. The money will be refunded whenever the situation is mentioned in the insurance policy and the scam, robbery or theft can be proved by the client.

Travel insurance: something you have and you hope don’t have to use it

Some credit cards – like Everest – offer their customers free travel insurance. There are no additional costs to get the insurance coverage, simply pay the cost of the ticket with your credit card.

If your ticket was issued with miles, you can also rely on travel insurance, as long as you pay all boarding fees using your credit card.

How do I know if my credit card offers travel insurance?

Credit card travel insurance is usually offered for higher category cards or is already part of the purchased package. At Everest, travel insurance is already included in the Standard package. If you have any questions, check your credit card bank’s website or contact one of ours agents via the online appointment calendar.

What does credit card travel insurance cover?

In order to avoid additional costs when taking out this protection through an insurance company, it is good to know that you can take advantage of credit card travel insurance. It’s very simple: to activate it, all you have to do is pay for the trip with the credit card in question.

In addition to the inclusion of personal travel assistance, there are cards with more extensive coverage that protect travelers against flight delays or cancellations, delays in baggage delivery, medical assistance and medical assistance during travel, among others. Find out here what is included in your Everest card travel insurance.

What are the advantages of having travel insurance?

A travel insurance is nothing more than a package that includes a set of coverages (inserted in a policy) that are valid for the duration of the trip.

This type of insurance works as a protection measure against possible damages that may occur while traveling, indemnifying the insured in case of loss or delay of luggage, illness or even in a situation of death.

In the event of illness, for example, this insurance can even reimburse all associated medical expenses and even pay for the trip to a relative for the patient to be accompanied.

In this way, having travel insurance becomes almost essential, as it provides the traveler with security so that he can enjoy his vacation without worrying about additional charges in the event of accidents.

How to use credit card insurance?

If the insured suffers any damage that fits the credit card insurance coverage, the procedure is simple. Immediately after the incident, it is necessary to notify the company responsible for the insurance and file the claim.

It is also necessary to carry out the police report to expedite the damage indemnity process.

Why is it beneficial to have Credit Card Insurance?

Financial planning and research: do the math and find out what the average amount you can pay for this type of protection product is, and find out what credit card options already include insurance in the Standard package.

Pay attention to coverage: it is important to pay attention and choose what will really protect you and your cards, shopping and travel insurance are usually the most used and appreciated by customers.

Understand the policy: The policy is a contract that describes all the duties and benefits that the policyholder has. So, read it carefully and get all your doubts about your credit card insurance policy.

What are the benefits of Everest travel and purchase insurance?


With Everest card, you benefit from Travel Insurance and Purchase Insurance included in our Standard package:

Travel inconveniences: Travel inconveniences provide protection against travel delay, lost luggage, and trip abandonment.

Purchase insurance: The Purchase Insurance guarantees the cardholder the total or partial recovery of the cost of the product purchased with the card, in case of damage, theft or qualified theft within a certain period of time after the purchase.

Everest makes all the difference in your comfort, protection, safety, and for the full enjoyment of your trip and your purchases. Learn more about our insurance coverage here.

Product updates : discover the new current account functionalities of Everest

30/8/2021

 
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We are excited to announce that we have rolled out the current account functionalities on Everest. Now, you can carry day-to-day business transactions easily!

What’s in the Everest current account?
  • Get an live IBAN – to receive payments effortlessly into your Everest account by sharing your IBAN with clients.
  • Faster payments – so you can send money to any other bank account thanks to the IBAN.
  • Standing orders – to set up regular payments to pay your employees or suppliers on time.
  • Mastercard® debit and credit cards – so you can spend anywhere that accepts Mastercard around the world, with a direct connection in to Mastercard.

Don’t forget!

Everest offers multiple features other than the current account. At Everest, you will enjoy:
  • Effortless expenses control – 360° visibility: track expenses in real-time, check unlimited transaction history.
  • Automated expense report generation to save time on accounting and reporting : simply scan receipts and attach them to transactions instantly. Categorize expenses with tags, import transaction data: truly a one-click expense management tool!
  • Everest community deals and special discounts from our selected partners.
 
We want to make banking easy for all businesses and entrepreneurs, and support you with the necessary financial tools to grow your business.
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How do I get an account?

Opening a new account at Everest is fairly simple : no visits to a bank branch or paper documents. Go to the sign up page and open a business current account online in a few minutes. Plus, we offer a trial of 90 days so you can test out the features and benefits of Everest. Sign up now

In a hurry to see your package arrive or simply want to be informed?

26/7/2021

 
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We introduce you to the new delivery option to track Everest cards orders.
With the online parcel tracking service, you have real-time access to the different stages of the delivery of your parcel. With this option, no stress anymore: know the delivery status in seconds and an approximate delivery date of your Everest card.
Where to find the tracking number?
The tracking number is indicated in the email confirming your order. In one click, you will be informed of the status of your package!

The tracking card feature will add 1 more option to the delivery methods currently available. Right now, you can choose between a standard delivery option for free or an express delivery option. This new option will include the tracking details.

Stay tuned on our social network with Everest for more product updates and follow our accounts on Linkedin @everestcard and on Facebook @everestcardEU!

Provide direct access to Everest to your accountant

30/4/2021

 
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Tired of sending xls files and receipts to your accountant? Provide him/her with direct access to your account! + track your Everest card order now!

Today, we are bringing you a bunch of exciting new updates to make your experience with Everest even better and more personalised. 

We are happy to announce that now you can invite your accountant to open an account on Everest and get access to financial data in one click. This means no need to do the accounting tasks yourself or sending receipts and xls files anymore! You can provide direct access to your account in viewer mode for the collection of transaction exports or bank statements.

What are the main advantages of this feature?
  • Better workflow: save time on reporting and improve your company’s accounting process and workflow with Everest.
  • 360° expenses overview: the accountant can track all the transactions data of all the cards and download the monthly statements.
  • Better reporting: transactions are categorized with tags to simplify the accounting process. Transaction data can be downloaded to a CSV file and exported straight into the accounting system.

​How to assign the Accountant role? 

Sign in to your account and go in the settings to find out the list of all the users of the account. As an admin, you can select the user and the “Accountant” role to be assigned, and confirm to give permission.

It is with great sadness and regret that today we are saying farewell to Paul Helminger, Chairman of our Board of Directors.

23/4/2021

 
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It is with great sadness and regret that today we are saying farewell to Paul Helminger, Chairman of our Board of Directors. Paul Helminger has been leading our Board since 2016.  He took this position at the very beginning of our business journey in Luxembourg and maintained his role guiding the Board and advancing our company. Being a prominent political figure, and in the latter part, the Chairman of companies like Cargolux, Luxair, Paul Helminger was sincerely interested in technology and business innovations, engaging with SnapSwap at its early startup stage. All our team members had a chance to talk with him, exchange ideas and obtain guidance, and for that are thankful. 

We will be missing Paul Helminger, his warm friendliness and his constructive support. Our board of Directors and the whole team of SnapSwap would like to offer our sincere condolences to his family and all those who loved him.

Goodbye, Paul, rest in peace.

SNAPSWAP TO OFFER EKYC SERVICES ON MASTERCARD ENGAGE PLATFORM

23/3/2021

 
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Mastercard is expanding the Engage platform, offering customers easy access to a growing network of qualified technology and fintech partners that can quickly deploy Mastercard Digital First solutions. SnapSwap is proud to become a partner of Mastercard to support digital onboarding and instant eKYC services. 

SnapSwap’s relationship with Mastercard dates back to February 2018 when SnapSwap was selected to join the Mastercard Start Path Program, Mastercard's global FinTech accelerator. SnapSwap was the first company from Luxembourg ever invited to join this cohort of later-stage FinTechs and tech startups coming from all over the world. SnapSwap's primary product was Snaprove™, a digital onboarding solution allowing financial institutions and fintechs to verify a customers identity and perform KYC checks via a fully automated digital process online. This is how SnapSwap started its cooperation with one of the leaders in the global payments industry. 

“We’re excited to bring SnapSwap’s digital onboarding technology and KYC solution on the Mastercard Engage platform to help customers deploy digital solutions quickly.”, said Denis Kiselev. "Our solution facilitates and streamlines the onboarding process while improving the overall user experience in full compliance with AML/KYC regulations."

The Mastercard Engage network includes partners that provide various components and integration capabilities across the Digital First customer journey to enable a frictionless payment experience. Mastercard’s Digital First solution enables partners to provide entirely digital card solutions for consumers. 

Discover Mastercard’s Engage 

Everest public launch, in partnership with Mastercard

27/8/2020

 
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We are proud to announce the public launch of Everest, an online platform for business payments and expense management, in partnership with Mastercard. 

Our relationship with Mastercard dates back to February 2018 when we were selected to join the Mastercard Start Path Program, their global FinTech accelerator. We were the first company from Luxembourg ever invited to join this cohort of later-stage fintech and tech startups coming from all over the world. At that time our primary product was Snaprove™, a digital onboarding solution allowing financial institutions and fintechs to verify a customers identity and perform KYC checks via a fully automated digital process online. This is how we started our cooperation with one of the leaders in the global payments industry. 
In November 2018, SnapSwap was invited by Mastercard to start the process of becoming a principal partner of Mastercard network, an issuer of Mastercard cards. We joined the Mastercard network as a principal member in September 2019. As one of a few principal partners of Mastercard in Luxembourg, SnapSwap is able to develop highly innovative payment products via direct integration with one of the largest payment networks in the world for issuing cards and processing card payments.
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Our partnership today advances to the next level, as we are launching a new service called Everest. This ongoing cooperation with Mastercard is important on several fronts and represents a long-term commitment on both sides. Mastercard brings a wealth of knowledge and experience to the project as it has a deep understanding and expertise of the global payments industry and of consumer behaviors. We could also benefit from Mastercard technology to help us create a powerful platform helping businesses enhance their efficiency by saving time and achieving a higher degree of flexibility and control over payment flows. 

“We’re really proud to partner with SnapSwap for the Everest project and pleased that they are the first fintech in the Benelux to launch a platform dedicated for SMEs.”, says Henri Dewaerheijd, Country Manager Mastercard Belux. “Our partnership with SnapSwap dates back to 2018 when the company joined our global FinTech accelerator called Mastercard StartPath, hence confirming our strategy of working together with fintech partners from their inception to help them scale and grow.”
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Our market-proven digital onboarding and KYC solution Snaprove™ allows an efficient and compliant process for registering Everest corporate customers online. The partnership with Mastercard regarding Snaprove™ is ongoing as the company offers the solution to its extensive global network of clients. 

Please find more details in our joint with Mastercard press release here.


SNAPSWAP INVITED TO MARKET4EUROPE CONFERENCE: HOW TO UNLOCK CAPITAL MARKETS

25/2/2020

 
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On 25 February, SnapSwap CEO and founder Denis Kiselev was invited to take part to the panel discussion at Market4Europe conference in Luxembourg, which was about European wide collaborative sector campaign aiming at proposing game-changing solutions to develop truly integrated EU financial markets as part of the 2019-2024 agenda. The topic of the conference was Unlocking Capital Markets: an opportunity for growth.

The discussions focused on how to deal with the gap between financing needs that companies experience during their lifecycle and financing solutions that are available. The panel also covered subjects related to traditional financing needs meeting novel financing solutions. It also highlighted the gaps between financing needs of a start-up and the bank-based financing offered and how digital can be a solution for financing corporates’ needs. Denis Kiselev shared his thoughts on how start-ups could respond to the needs of the companies in bridging the gap and how this intermediation role is built.  

​More info 


SNAPSWAP CEO DENIS KISELEV ON STAGE AT STARTUP APERO IN LUXEMBOURG

11/2/2020

 
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On February 11th, Denis Kiselev, founder and CEO of SnapSwap and creator of Everest took the stage to share his inspiring journey from Silicon Valley to Luxembourg at Startup Apéro, a popular event dedicated to entrepreneurs and startups. Denis shared his thoughts on the local tech ecosystem and gave some tips to the entrepreneurs’ community. 
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Denis started his career in financial services at the World Bank and then continued for 20 years in various management positions before founding his fintech start-up company. He moved from San Francisco to Luxembourg to establish SnapSwap's international headquarters. He decided to share his personal experience to help entrepreneurs get started. ​

More info

SNAPSWAP PRESENTS DIGITAL CUSTOMER ONBOARDING AT MASTERCARD CUSTOMER ISSUING FORUM

25/10/2019

 
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​SnapSwap CEO Denis Kiselev speaks at Mastercard Customer Issuing Forum 2019 in London on October 23. The event theme is “The Power of Purpose” and focuses on how to embody purpose within businesses and highlights how successful companies have put the “why” at the heart of their activity. 
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SnapSwap presents Snaprove™ customer onboarding solution to more than 120 key players from the  banking sector in the United Kingdom and from Ireland and to numerous Mastercard team members, including the Head of Payments and the Chief Experience Officer.  Denis Kiselev explains how Snaprove digital onboarding facilitates and streamlines the onboarding process while improving the overall user experience in full compliance with AML/KYC regulations.

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This content is for general information purposes only and does not form financial or professional advice.


  • Products
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