William Memphis, WalletHub Credit Card Analyst
@bill.memp1
Yes, the Wells Fargo Active Cash does offer cell phone insurance. The Wells Fargo Active Cash gives cardholders up to $600 per claim to repair or replace a damaged or stolen phone, if they charge their phone bill to the card every month.
The maximum coverage amount is $1,200 per year, and there is a $25 deductible. Keep in mind that the Wells Fargo Active Cash cell phone protection does not cover rented, borrowed or prepaid phones. It doesn't cover lost phones, either.
How to Use Wells Fargo Active Cash Cell Phone Protection
- Check if you have other applicable coverage. Wells Fargo only offers secondary cell phone insurance. You’ll have to exhaust any other coverage you might have before making a cell phone insurance claim with the Wells Fargo Active Cash.
- Notify the Benefit Administrator within 60 days of the incident by calling 1 (866) 804-4770. You can also open a claim online.
- Submit the required documents within 120 days of the incident. These documents include the completed signed claim form, your cell phone billing statement from the month before the damage showing payment with the eligible card, and any other requested documents.
- Wait up to 15 days for a decision. The Benefit Administrator will notify you as soon as your claim has been processed.
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How does purchase protection work?
The Wells Fargo Active Cash does not have purchase protection anymore, since the benefit was removed as part of an industry-wide shift away from traditional secondary perks on credit card offers. This is pretty common, unfortunately, as only around half of the major credit card issuers still offer purchase protection on at least one of their credit cards.
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read full answer by Sebi Mitchell, Credit Cards ModeratorWhat does Wells Fargo cell phone insurance cover?
Yes, Wells Fargo does offer cell phone insurance on some of its credit cards. Depending on the card, Wells Fargo provides between $600 and $1,000 per claim to repair or replace the cardholder’s phone, as long as they charge the phone bill to the credit card every month. Coverage also applies to phones purchased with an eligible Wells Fargo card.
The maximum coverage amount ranges from $1,200 to $2,000 per year, and there is...
read full answer by WalletHub, Financial CompanyDoes Wells Fargo Active Cash Card have travel insurance?
Yes, the Wells Fargo Active Cash does have travel insurance. Wells Fargo Active Cash rental car insurance covers damage to a rental vehicle that results from collision or theft, as long as the purchases are charged to the card.
To file a Wells Fargo Active Cash travel insurance claim, you’ll need to contact the Benefit Administrator. For more details, including time frames and coverage limits, refer to the guide to benefits that came with your Wells Fargo Active Cash.
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read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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