Does the BankAmericard credit card offer cell phone insurance?

The BankAmericard credit card does not have purchase protection anymore, since the benefit was removed as part of an industry-wide shift away from traditional secondary perks on credit card offers. This is pretty common, unfortunately. Only around half of the major credit card issuers still offer purchase protection on at least one of their credit cards.… read full answer

Although the BankAmericard credit card doesn’t have purchase protection, applying could still make a lot of sense in the right situation. The BankAmericard credit card has a $0 annual fee and an intro APR of 0% for 21 billing cycles on purchases. All in all, the BankAmericard credit card is a good card for people who don't spend much.

If you’re set on finding a good credit card for purchase protection, consider checking out the U.S. Bank Altitude Reserve Visa Infinite® Card or the Chase Freedom Flex. Both credit cards have great purchase protection coverage, according to the most recent WalletHub purchase protection study.

Bank of America credit cards do not cover cell phone insurance. The Bank of America cell phone insurance benefit was removed from Bank of America World Mastercard and World Elite Mastercard offers, and Bank of America Visa cards do not offer the benefit.

It is possible that you’d be able to use the extended warranty or purchase security benefits that come on some Bank of America cards––such as Premium Rewards––to cover a cell phone. That said, BofA customer service was unable to confirm whether cell phone coverage was included in this way.… read full answer

If cell phone protection is important to you, consider applying for the Wells Fargo Cash Wise Visa card or the U.S. Bank Visa Platinum card instead.

Some good credit cards with cell phone protection include the Citi Prestige® Card, the IHG® Rewards Premier Credit Card, the U.S. Bank Visa® Platinum Card, all Wells Fargo consumer credit cards, the Ink Business Preferred® Credit Card, and the First Citizens Rewards Visa® Card.

Cell phone insurance isn’t commonly offered by major credit cards, but it’s certainly a welcome perk. Cell phones don’t come cheap, and some credit cards offer up to $1,000 in reimbursement for a stolen or damaged phone.… read full answer

Just remember that all credit cards with cell phone protection have the same rule: You must continuously pay your cell phone bill with the credit card, or else your phone won’t get coverage. To make sure your phone is covered, it’s best to set up automatic monthly phone-bill payments with your card as the payment method.

Here are some good credit cards with cell phone protection:

• Citi Prestige: Cell phone protection up to $1,000 per claim or $1,500 per year; limit of 2 claims per year; $50 deductible.
• IHG Premier: Cell phone protection up to $800 per claim or $1,000 per year; limit of 2 claims per year; $50 deductible.
• All Wells Fargo consumer credit cards: Cell phone protection up to $600 per claim or $1,200 per year; limit of 2 claims per year; $25 deductible.
• U.S. Bank Platinum: Cell phone protection up to $600 per claim or $1,200 per year; limit of 2 claims per year; $25 deductible.
• Chase Ink Preferred: Cell phone protection up to $600 per claim; limit of 3 claims per year; $100 deductible.
• First Citizens Rewards Visa® Card: Cell phone protection up to $500 per claim or $1,000 per year; limit of 2 claims per year; $50 deductible.

None of these credit cards cover phones that are lost, as opposed to stolen. Some cards also have specific stipulations for what is and is not covered. So, make sure you’re up to speed on your card’s specific rules.