Karen Moroz, WalletHub Mortgage Analyst
@nycKaren
The Chase Ink credit card 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 the reimbursement, you must pay the cell phone bill with an eligible Chase Ink credit card. At the moment, the only cards that include cell phone protection as part of their benefits are the Ink Business Preferred® Credit Card and the Ink Business Premier® Credit Card.
Here’s how the Chase Ink cell phone protection works:
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Coverage limit: The coverage amount is $1,000 per claim.
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Claim limit: There is a limit of 3 claims in a 12-month period.
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Deductible: There is a $100 deductible per claim.
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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.
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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.
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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 credit card 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 the other two Chase Ink cards, the Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card, don’t have cell phone protection as part of their benefits. But these cards do have benefits that can reimburse you in case of phone damage and theft. For instance, all Chase Ink credit 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 credit 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 credit card to be eligible.
People also ask
How does the Chase Ink Preferred cell phone protection work?
The Chase Ink Preferred card cell phone protection benefit provides up to $1,000 per claim in case of phone damage or theft for you and any employees listed on your monthly cell phone bill. To receive reimbursement, you must pay the cell phone bill with the Chase Ink Preferred card. There is an account limit of 3 claims within a 12-month period and a $100 deductible per claim.
Chase Ink Preferred cell phone protection is a secondary benefit. This means...
read full answer by Chip Lupo, Credit Card WriterDoes Chase Sapphire Preferred offer cell phone insurance?
Chase Sapphire Preferred does not offer cell phone insurance. It’s not a common benefit, but it’s a valuable perk on credit cards that do offer it. Some cards will reimburse cardholders up to $1,000 if a covered cell phone is lost or damaged. The caveat is that you must charge your cell phone bill to your Sapphire Preferred card every month.
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No, Chase Sapphire Reserve does not offer phone insurance. You can, however, protect your phone through the card’s purchase protection and/or extended warranty benefits. Note that the items must be purchased with the Chase Sapphire Reserve Card in order to qualify for these benefits.
More specifically, purchase protection covers damaged or stolen items purchased with a Chase Sapphire Reserve card for up to $10,000 per claim and $50,000 per year. The coverage lasts for 120 days after the purchase date....
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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