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 of their benefits package.
Here’s how Wells Fargo cell phone insurance works:
Coverage: Up to $600 per claim. Wells Fargo will pay for either the value of the phone or a similar replacement, minus a $25 deductible.
Limits: Two claims (up to $1,200 in total coverage) every 12 months.
Requirements: You must pay your monthly cell phone bill with your Wells Fargo consumer credit card. Wells Fargo debit cards and business credit cards do not offer cell phone protection.
Duration: Coverage begins on the first day of the month after you pay your cell phone bill with an eligible Wells Fargo credit card. You need to pay your bill with a Wells Fargo card each month to be covered for the next month.
Exclusions: Wells Fargo cell phone insurance does not apply to rented, borrowed or prepaid phones. It doesn’t cover lost phones, either.
Claims Process: To file a claim, you need to call the benefit administrator at (866) 804-4770 within 60 days of the theft or damage. Claims will be processed within 10 days.
To sum up, Wells Fargo phone insurance protects you against theft or damage and will pay for repairs or reimburse you for the phone’s value up to $600. Just remember to pay your cell phone bill with your Wells Fargo consumer credit card, and your coverage will kick in starting the next month.
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.
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.
A credit card refund could take anywhere from a few minutes to several weeks, if you’re returning a purchase. But if you’re seeking a refund because you’re disputing a charge on your monthly statement, the process could take up to 150 days. The law dictates that you must notify your credit card’s issuer of the problem within 60 days, and they must resolve it within 90 days of being notified.… read full answer
With store refunds, the time frame depends on the individual merchant’s policy. For instance, refunds for items returned by mail may take longer rather than in-store. That’s especially true if you’re returning something to a merchant in another country. You should also keep in mind that not all stores even offer refunds, while others limit them to defective merchandise.
So the two biggest factors that determine refund turnaround times are the type of refund you’re seeking and store policy. But to make an accurate estimate, it helps to know all the issues in play.
Here’s what decides how long a credit card refund takes:
If you’re disputing a charge, it could take up to 150 days to receive a refund, assuming the credit card company rules in your favor.
Simpler disputes can be resolved faster. For example, if you can produce receipts, it’s easy to establish that you’re telling the truth. That’s one reason to always save them.
You could dispute a charge if a purchase never arrives or comes damaged, for example, or if you’re charged for a larger tip than you left.
If you’re returning a purchase, you could get an immediate refund in-store, while a mailed return takes several weeks. The timetable depends on the merchant’s policies, either way.
The best way to find out exactly how long a credit card refund will take is to contact the merchant or your credit card issuer, depending on whether it’s a return or a dispute. And it’s worth noting that some stores only allow returns for store credit. Luckily, many cards offer return protection. So even if you can’t get a return in store, you might be eligible for reimbursement from the credit card company if your item is new and undamaged. And if you do get a credit card refund, it will show up as a credit on your statement.
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