From the Mint Team: Mint may be compensated if you click the links to our issuer partner offers in this article, including Chase. Our partners do not endorse, review, or approve the content. All links to Mint partners were added after the post was created. Mint Partners had no control over the creation, targeting, or targeting of this article unless expressly stated otherwise.
As a luxury when they were introduced decades ago, cell phones have become a ubiquitous part of life. And along with a phone in every pocket, there is the worry of replacing it if it breaks. While cell phone insurance wasn't as big a market when cell phones were simpler and cheaper, it has become much more common in cell phones that cost hundreds, if not thousands of dollars.
What you may not know is that some credit cards you may already have offer some form of cell phone insurance. If you have these credit cards (and in most cases use the card to pay your monthly bill), you will receive part or all of the replacement cost if your phone is damaged or stolen. In this article, we'll take a look at some of the most popular credit cards that offer cell phone insurance.
The Chase Freedom Flex is a relatively new entry into the credit card world. Like many World Elite Mastercards, the Freedom Flex offers protection for cell phones. The Freedom Flex gives you up to $ 800 per claim and $ 1,000 per year for cell phone protection. Coverage applies to all damaged or stolen phones paid for with your Freedom Flex card. There is a maximum of two entitlements in a 12 month period and each entitlement has a deductible of $ 50.
READ MORE: What You Should Know About The New Chase Freedom Flex Card
US Bank Visa Platinum
If you have a US Bank Visa Platinum card, you are also entitled to cell phone protection if your phone is damaged or stolen. Again, you must pay your cell phone bill with your US Bank Visa Platinum card. Coverage applies to your primary line and any secondary, additional, or additional lines. With the US Bank Visa Platinum Card, you are insured for up to US $ 600, with a deductible of US $ 25 per claim. There is a maximum of two claims per 12 month period.
Chase Ink Business preferred
Chase Ink Preferred is a business credit card with cell phone coverage for business owners. You must pay your cell phone bill with your Ink Preferred card in order to qualify for the bonus. One nice thing about the Ink Preferred card, however, is that it is one of the few cards that offer cell phone protection that ALSO gives you a bonus for paying your bill. Earn 3 Ultimate Rewards points for every dollar spent on your cell phone bill.
Ink Preferred Cellular Coverage offers reimbursement of up to $ 600 per incident for insured theft or damage. You are limited to a maximum of three entitlements per 12 month period, and each entitlement has a deductible of $ 100.
The Citi Prestige is an ultra-premium credit card that has an annual fee of $ 495. However, it offers the highest dollar amount to be eligible for any of these cell phone protection cards. Citi Prestige cardholders are entitled to reimbursement of replacement costs for a stolen or damaged cell phone. There is a limit of $ 1,000 per claim and a limit of $ 1,500 per 12 month period with a deductible of $ 50 for each claim. You must pay your cell phone bill with the Citi Prestige to be eligible for insurance coverage.
American Express Wells Fargo Propel
The Wells Fargo Propel American Express is one of the Wells Fargo cards that provides cellular service. To be eligible for Wells Fargo Cell Phone Insurance, you must use your Wells Fargo Card to pay your recurring cell phone bill. You are entitled to up to $ 600 per claim for insured damaged or stolen phones. There is a maximum of two entitlements per 12 month period, and each entitlement has a deductible of $ 25.
The bottom line
If you want to rely on your cell phone, then you should check out one of these cards that cell phone insurance offers. In almost all cases, the cover only covers damaged or stolen phones, not lost phones. You will also need to pay your monthly cell phone bill with that credit card to be eligible for insurance.
Note that the exact terms and benefits of cell phone protection vary slightly for each of these cards. Be sure to read Card Benefits to find out the exact terms and conditions for your card. The Performance Guide will help you understand what exactly is covered, what your eligibility limits are, and how quickly you are eligible for cell phone protection after receipt of payment.
These answers are not provided or commissioned by the bank advertiser. The bank advertiser has not reviewed, approved, or otherwise endorsed the responses. It is not the responsibility of the bank advertiser to ensure that all posts and / or questions are answered.
Dan Miller (36 posts)
Dan Miller is a freelance writer and founder of PointsWithACrew.com, a website that helps families travel for free / cheap. His home base is in Cincinnati, but he tries to travel the world as much as possible with his wife and 6 children.