The Chase Ink Preferred cell phone protection benefit offers up to $600 per claim in coverage for you and any employees listed on your monthly cell phone bill. The benefit offers reimbursement against theft or damage as long as you pay the cell phone bill with the Ink Preferred card. There is an account limit of 3 claims within a 12-month period and a $100 deductible per claim.
Ink Preferred cell phone protection is a secondary benefit. 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, Ink Preferred protection may reimburse you for any costs not covered by the primary insurer.
To file a claim, call 1 (888) 320-9956 within 60 days of a covered incident. Depending on the circumstances, you’ll receive the lesser of up to $600 (minus the $100 deductible) or a replacement cell phone at the current retail price.
Some good credit cards with cell phone protection include the Barclays Uber Credit Card, the U.S. Bank Visa Platinum card, the Bank of America Cash Rewards card, all Wells Fargo consumer credit cards, the Chase Ink Business Preferred card, and the Citi Prestige card. The First Citizens Cash Back Rewards and Smart Option cards also come with cell phone protection.… read full answer
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.
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.
Credit Cards with Cell Phone Protection:
Citi Prestige Credit Card. Cell phone protection up to $1,000 per claim or $1,500 per year; limit of 2 claims per year; $50 deductible.
IHG Premier Credit Card. 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.
Bank of America Cash Rewards Credit Card. Cell phone protection up to $600 per claim or $1,200 per year; limit of 2 claims per year; $50 deductible.
Barclays Uber Visa Credit Card. Cell phone protection up to $600 per claim or $1,000 per year; limit of 2 claims per year; $25 deductible.
U.S. Bank Visa Platinum Credit Card. Cell phone protection up to $600 per claim or $1,200 per year; limit of 2 claims per year; $25 deductible.
Chase Ink Business Preferred Credit Card. Cell phone protection up to $600 per claim; limit of 3 claims per year; $100 deductible.
First Citizens Cash Back Rewards Credit Card. Cell phone protection up to $500 per claim or $1,000 per year; limit of 2 claims per year; $50 deductible.
First Citizens Smart Option Credit 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.
For example, the Uber Credit Card won’t cover a phone that has been stolen out of checked baggage (i.e. baggage that isn’t in your supervision). And neither the Uber Credit Card nor the U.S. Bank Visa Platinum card will cover a phone damaged in a flood, during an earthquake, or by radioactive contamination. So make sure you’re up to speed on your card’s specific rules.
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