Maria Adams, Credit Cards Moderator
@m_adams
The best credit cards with cell phone protection include the The Platinum Card® from American Express, the Chase Freedom Flex℠, the Ink Business Preferred® Credit Card, and all the Wells Fargo consumer credit cards. These cards offer up to 2-3 cell phone protection claims per year, along with other rewards.
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.
Best Credit Cards with Cell Phone Protection
- Rates & FeesTerms ApplyElite Perks & Bonus Rewards The Platinum Card® from American ExpressThe Platinum Card® from American ExpressLearn MoreLearn Moreon issuer's website
Cell Phone Protection: Provides coverage for a stolen or damaged cell phone (subject to the terms, conditions, exclusions and limits of liability of this benefit). The maximum liability is up to $800 per claim per account or $1,600 per year*
Number of Claims and Charges: up to 2 claims per year with a $50 deductible per claim*
Initial Bonus: 80,000 points for spending $6,000 in the first 6 months
Ongoing Rewards: 5 points per $1 spent on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 spent on all other purchases
Annual Fee: $695
Min. Credit Required: Good
- Rates & FeesFlat Rewards Rate Wells Fargo Active Cash® CardWells Fargo Active Cash® CardLearn MoreLearn Moreon issuer's website
Cell Phone Protection: up to $600 per claim or $1,200 per year
Number of Claims and Charges: up to 2 claims per year with a $25 deductible per claim
Initial Bonus: $200 cash rewards after spending $500 in the first 3 months
Ongoing Rewards: 2% cash rewards
Annual Fee: $0
Min. Credit Required: Good
- Cash Rewards Chase Freedom Flex℠Chase Freedom Flex℠Learn MoreLearn More
Cell Phone Protection: up to $800 per claim or $1,000 per year
Number of Claims and Charges: up to 2 claims per year with a $50 deductible per claim
Initial Bonus: $200 for spending $500 in the first 3 months
Ongoing Rewards: 5% cash back on up to $1,500 spent per quarter in bonus categories (which change every quarter and require activation), 5% cash back on travel through Chase, 3% back at restaurants and drugstores, and 1% back on all other purchases
Annual Fee: $0
Min. Credit Required: Good
- SoFi Members SoFi Credit CardSoFi Credit CardLearn MoreLearn More
Cell Phone Protection: up to $1,000 of complimentary cell phone insurance coverage
Number of Claims and Charges: up to 2 claims per year with a $25- $50 deductible per claim
Ongoing Rewards: 2 points per $1 spent on all purchases
Annual Fee: $0
Min. Credit Required: Good
- Rates & FeesTerms ApplyAirline Delta SkyMiles® Platinum American Express CardDelta SkyMiles® Platinum American Express CardLearn MoreLearn Moreon issuer's website
Cell Phone Protection: Provides coverage for a stolen or damaged cell phone (subject to the terms, conditions, exclusions and limits of liability of this benefit). The maximum liability is up to $800 per claim per account or $1,600 per year*
Number of Claims and Charges: up to 2 claims per year with a $50 deductible per claim*
Initial Bonus: 50,000 miles after spending $3,000 in the first 6 months
Ongoing Rewards: 3 miles per $1 spent with Delta, 3 miles per $1 on purchases made directly with hotels, 2 miles per $1 at restaurants worldwide (including takeout and delivery in the U.S.) and U.S. supermarkets, as well as 1 mile per $1 on all other purchases
Annual Fee: $250
Min. Credit Required: Good
- Business Ink Business Preferred® Credit CardInk Business Preferred® Credit CardLearn MoreLearn Moreon issuer's website
Cell Phone Protection: up to $600 per claim or $1,800 per year
Number of Claims and Charges: up to 3 claims per year with a $100 deductible per claim
Initial Bonus: 100,000 points for spending $15,000 in the first 3 months
Ongoing Rewards: 3 points per $1 on the first $150,000 spent per year on travel and select business expenses, and 1 point per $1 on all other purchases
Annual Fee: $95
Min. Credit Required: Good
It’s important to note that 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.
*Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
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What does Wells Fargo cell phone insurance cover?
Wells Fargo cell phone insurance covers cardholders up to $600 for a stolen or damaged cell phone, as long as the cardholder pays the phone’s monthly bill with a Wells Fargo consumer credit card. Coverage applies to the lines listed on Your most recent cellular wireless service provider’s (“cell phone provider”) monthly billing statement for the billing cycle prior to when the incident occurred.. All Wells Fargo consumer credit cards offer cell phone insurance as part...
read full answerHow does Chase credit card purchase protection work?
Chase credit card purchase protection covers you for up to $50,000 annually for lost, damaged, or stolen items. Claims must be filed within 120 days of the incident in order to be eligible. Protection covers the cardholder and the recipient of items purchased as gifts on an eligible Chase credit card.
When you file a claim, Chase will either repair or replace the item, at the Benefit Administrator’s discretion. In some cases, you will be reimbursed...
read full answerDid we answer your question?
Other card with cell phone protection: HSBC Cash Rewards Mastercard Card. It offers up to $600 per claim; limit of 2 claims per year; $50 deductible; limit of $1,000 per year.