Does the Capital One SavorOne Student Card offer cell phone insurance?

Capital One purchase protection covers things you purchase entirely with your Capital One card from theft or damage for the first 90 days after the purchase (for Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply). They will replace, repair or reimburse you up to the original purchase price. The maximum amount per claim/cardholder depends on the type of credit card and its network.... read full answer

Types of Cards with Purchase Protection

Capital One’s purchase protection benefits depend on the tier of your Capital One Mastercard or Visa. For example, Capital One’s Visa Signature, Visa Professional, and Visa Business credit cards have this benefit. On the Mastercard side, Capital One’s World, World Elite, World Elite Business, and Business Platinum Mastercards offer purchase protection. The tiers without purchase protection include Visa Platinum and Platinum Mastercard. The tier you get generally depends on your creditworthiness at the time you apply for a card.

To see which kind of Capital One card you have, flip the card over. You’ll see the Visa or Mastercard logo, and “Signature,” “Platinum,” “Business,” etc., will be written above or below the logo. But keep in mind that just because you have one of those cards doesn’t mean your card has the purchase protection benefit, though.

Here is more info about the Capital One purchase protection coverage:

• What is covered: Some examples of what’s covered by Capital One’s purchase protection include items purchased with your Capital One card that are stolen, damaged by fire or vandalism, or affected by “certain weather conditions.”
• What is not covered: The list of what’s not covered is extensive and specific: perishables, software, plants and animals, collectibles, used items, items stolen from vehicles or common carriers or checked luggage, and “lost” items that have disappeared without evidence of a wrongful act, among other things.
• Coverage amount: The maximum amount that you will get depends on the tier of your Capital One Mastercard or Visa. But it can vary between $500 to $10,000 per claim.

It’s important to note that many credit card benefits, like purchase protection, have been getting cut from benefits packages in recent years. The information above is correct right now, but could quickly change. If you plan on getting one of these credit cards, refer to the benefits booklet that comes with your new card for the most accurate information. You can also look up your card’s benefits on the Capital One website.

Yes, Capital One does offer cell phone insurance on one of its credit cards – the Capital One Venture X card (for Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply). People with an eligible Capital One credit card can get up to $800 per claim to repair or replace their damaged or stolen phone, as long as they charge the phone bill to the credit card every month.... read full answer

The maximum Capital One cell phone protection coverage amount is $1,600 per year, as you can file up to two claims annually. There is a $50 deductible per claim.

Capital One cell phone protection does not cover phone accessories; rented, borrowed or prepaid phones; cosmetic damage and lost phones.

Capital One cell phone protection is secondary to any other type of coverage. That means you’ll have to exhaust all other types of insurance you have before you make a cell phone insurance claim with Capital One. You should still report the incident as soon as possible, though.

You can file a claim on your Capital One cell phone insurance by calling 1 (844) 288-2140 or visiting the Benefit Administrator’s website. You will be notified as soon as your claim has been processed.

No, the Capital One SavorOne Student Cash Rewards Credit Card does not have return protection coverage. Return protection is a benefit that offers reimbursement for undamaged, working items purchased with a credit card that cannot be returned to the merchant within a certain number of days of purchase. This benefit is becoming rarer as time goes on, however, as many issuers have dropped it to cut costs.... read full answer

If return protection is important to you, there are still a few good cards that offer it. They include the Blue Cash Preferred® Card from American Express, Amex EveryDay® Preferred Credit Card and The Platinum Card® from American Express.