Credit Cards

What Credit Cards Offer Cell Phone Protection

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 4 minute read

We’ve compiled a list of the finest credit cards that provide free cell phone insurance. They’re all here. One of the most popular advantages and benefits of credit cards is the wide range of options they offer. Included in this package may include insurance for trip cancellation and trip interruption, as well as protection against fraud during the purchasing process. When it comes to credit card benefits, you may not see many of them.

There is no denying that our cell phones, smartphones, and mobile gadgets have become a vital part of our daily lives. According to a recent Deloitte poll, smartphones are the preferred device for checking bank balances, playing games, taking photographs, reading the news, and viewing short movies.

It’s more necessary than ever to secure an asset as expensive as your mobile phone in this day and age when famous smartphone manufacturers like Apple and Samsung are selling their newest models for around $1,000 (iPhone 12 Pro and Galaxy S20 5G). To discover more about the principles of cell phone protection, why you need it, and which cards come with it for free, keep reading.

How does mobile phone security function?

Some credit card companies may provide you protection for your cell phone as one of their perks. The purchase protection offered by many Chase credit cards might be mistaken for the cell phone coverage offered by some of the same companies. If you buy anything new and it gets damaged or stolen, you’ll be insured for a set period of time and up to a particular amount per claim and account. On the other hand, mobile phone protection or insurance focuses solely on protecting your cell phone.

Unlike purchase protection, there is no time limit on the protection of a cell phone. If you want to get reimbursed, you’ll need to use the credit card that offers the coverage to pay your monthly cell phone payment. Due to Chase Freedom Flex’s mobile phone coverage, you must already be using the card to make monthly bill payments.

If you fulfill this criterion, your phone and any other phones on your mobile phone account would be eligible for the claims procedure for any covered theft or damage. There are frequent limits on how many claims you can make in a 12-month period or how much money you may be paid for in that same time period on credit cards that provide this feature. Deductibles can range from $25 to more than $100, depending on the policy. Prior to cell phone insurance coverage, you’ll have to fork up this sum.

It’s important to keep in mind that credit cards that offer cell phone protection are typically additional or secondary in nature. For example, AppleCare+, Asurion, or SquareTrade would cover your primary phone before your credit card coverage would begin to take effect. To save money on mobile phone insurance, you can consider bypassing the primary coverage and depending just on the cell phone insurance that comes with your credit card.

There is also a wide range of insurance coverage available from credit card companies, and even within the same firm. Always check the terms and conditions of your card’s coverage before making a claim, since this will help to clarify if you’ll be responsible for a police report and what types of damage are covered. Cosmetic damage, for example, maybe covered by certain policies but not by others.

Best credit cards with cell phone protection

Despite the fact that there are fewer and fewer credit cards that offer cell phone security, there is still a handful out there. This is even better because you may earn cash back incentives or points and miles on your purchases with these credit cards. Plus there are a number of other great features and card advantages that you may find useful.

  • Chase Ink Business Preferred Credit Card
  • Chase Freedom Flex
  • The Platinum Card® from American Express
  • Delta SkyMiles® Reserve American Express Card
  • Capital One Venture X Rewards Credit Card
  • U.S. Bank Visa Platinum Card

Is cell phone protection worth it?

A cell phone insurance feature on a company or consumer credit card may not be necessary for all customers. However, having it is always going to be useful as an extra perk. Here are a few situations in which acquiring credit card phone protection can make sense for you.

Bottom Line

Whether you’re at home or on the road, having a credit card that includes theft insurance for your cell phone is a lifesaver. In today’s technologically advanced society, it’s impossible to fathom life without a cell phone. And we don’t want to spend a lot of money on a new one at the same time. It can make sense to get a credit card that includes cell phone insurance as a result.

Rewards categories and perk schemes vary widely throughout the credit card offers we’ve studied. In some cases, new applicants may be required to have different credit ratings. Because of this, everyone’s experience with choosing the appropriate card will be unique. A rewards card may be the ideal option for you if the card’s advantages coincide with your individual scenario.

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