When you take out a new card the provider will usually offer you PPI, though it may seem easier to simply sign the form and take out cover with them this could end up costing you much more.

When you chose your credit card you didn’t opt for the first offer that was waved in front of you, the same goes for PPI, to ensure you get the best deal you will need to look around and compare companies.

Many people see PPI as an unnecessary added expense, but for a few pounds a month you will be covered if you are unable to make repayments due to an accident, illness or unemployment.

The cover offered will vary with who you opt for, before you sign on the dotted line you should check the terms and conditions as some providers only pay for a set amount of time and some will only pay a percentage of the monthly payment due, meaning you will have to find the remaining amount. 

Whether you take cover out will depend on your circumstances, if you got ill and had to take 6 months of work would you have spare cash in the bank to maintain your credit card repayments?  If not you need to consider how you would deal with this situation.