Does the Chase Ink Business Unlimited card offer cell phone insurance?

The Chase Ink cell phone protection offers up to $1,000 per claim in case of phone damage, theft, or loss for you and any employees listed on your monthly cell phone bill. To receive reimbursement, you must pay the cell phone bill with an eligible Chase Ink card.At the moment, the only card that includes cell phone protection as part of its benefits is the Ink Business Preferred® Credit Card.... read full answer

Here’s how the Chase Ink cell phone protection works:

• Coverage limit: $1,000 per claim
• Claim limit: 3 claims in a 12-month period
• Deductible: $100 per claim
• What is covered: This benefit covers cardholders as well as any employees on the account for a stolen or damaged cell phone, as long as the cardholder pays the phone’s monthly bill with an eligible Chase Ink card.
• What is not covered: Phone accessories and phones purchased for resale are not eligible. Some situations, like when there’s a cosmetic damage that doesn’t impact functionality, are also not covered.
• How to file a claim: To file a claim, start by calling the Benefit Administrator at (888) 320-9956 within 60 days of a covered incident. You can also file a claim online.

It is worth noting that the coverage is secondary. This means you’ll first have to file a claim through any other insurance plan that covers your cell phone. Once those benefits have been exhausted, Chase Ink protection may reimburse you for any costs not covered by the primary insurer.

Alternative Benefits for the Other Chase Ink Cards

It’s good to note that while the other two Chase Ink cards (the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card) don’t have cell phone protection specifically, they do have benefits that can reimburse you in case of phone damage and theft. For instance, all Chase Ink cards offer purchase protection that reimburses up to $10,000 per claim and $50,000 per account for items bought with the card that are damaged or stolen within 120 days.

Plus, Chase Ink cards also offer extended warranty protection, which adds an additional year on eligible warranties of 3 years of less. This policy will follow the terms of the original warranty and will typically only cover things like manufacturer defects and mechanical failures. You must pay for the item with a Chase Ink card to be eligible.

For the Chase Ink card you will need a credit score of 700 or better, which means people with good credit or better have a shot at getting approved for a Chase Ink card. You must also provide proof of a business income sufficient enough to make at least the minimum amount due every month. Chase will review your personal credit history when you apply for the Ink Business Cash card, Preferred card, or Unlimited card. Take note that you’re personally liable for any debts on a Chase Ink account that the business is unable to pay.... read full answer

If you’re approved for a Chase Ink card, a high Chase Ink card credit score offers additional advantages. Chase will take your credit score into account when it determines both your credit limit and your interest rate. So, the higher your credit score and credit history, the better chance you have of landing favorable terms upon approval.

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.