Credit card cell phone insurance

The 11 Best Credit Cards for Cell Phone Insurance Protection [2022]

Video Credit card cell phone insurance

Cell phones — we all have one, and let’s be real: they’re getting more and more expensive.

In years past, flagship smartphones would sell for $600 to $800 depending on storage size, but now you’re more likely to pay upwards of over $1,000. Upgrade to more storage and a larger screen and you’ll likely pay more.

Because the loss, damage, or theft of your cell phone can be an expensive and inconvenient event, now’s the time to secure protection that could help offset the economic damage should there be such an occurrence.

Oftentimes you can purchase cell phone insurance from your phone carrier, but that either requires a large up-front fee (think AppleCare+) or a monthly charge from your carrier. When it comes time to actually use the insurance, you may still be stuck paying a high deductible.

Thankfully, though, there are a few credit cards that offer complimentary cell phone insurance when you pay your phone bill with the card. The best part is that this insurance is free — there’s no monthly fee, but you may be required to pay some sort of small deductible to use it.

In this article, we’ll take a look at some of the best credit cards that offer cell phone insurance and find out if that coverage might be a sufficient alternative to purchasing coverage. We’ll give you a quick overview of each card and explain the associated cell phone insurance benefits you can expect to receive with the card.

Let’s get started!

What Is Credit Card Cell Phone Protection?

Cell phone insurance is exactly what it sounds like: an insurance plan for your cell phone. As discussed in the intro, this is slowly becoming a more common credit card benefit.

Most of the time, credit card cell phone insurance is secondary to any other coverage you might have. For example, you may have a monthly protection plan you purchase from your phone carrier, or perhaps there’s cell phone coverage on your homeowner’s or renter’s insurance policy. You’d have to claim this insurance before you can claim your credit card benefits.

Many credit cards have other limitations such as not covering a lost phone. Instead, cell phone insurance usually covers things like theft and damage — more on that later.

Who’s Covered

Most credit card cell phone protection will cover the phones associated with the monthly service bills you pay with your eligible card. In other words: the phone numbers must typically be listed on the monthly bill in order to be covered by your credit card’s insurance plan. This makes credit card cell phone insurance extremely valuable for family plans as everyone on the plan will be covered.

Some card issuers limit the number of additional lines that are covered, such as Citi, which has a limit of 4 additional lines, while others can be unlimited. Make sure to double-check these limits if you have a large family plan.

What’s Covered

Most credit card coverage comes with a deductible that you must pay when you claim the insurance benefit — this can range from $25 to $100 and is usually deducted from the insurance payout.

Also, if you have cell phone coverage other than that on your credit card, that coverage will be primary before the credit card coverage kicks in. With this in mind, you may decide to forgo coverage from your carrier or the manufacturer when you purchase your cell phone.

Typical losses that are covered include accidental damage that makes your phone less functional or non-functional, water damage, and most cases of theft.

In order for your phone to be covered, you must pay your monthly cell phone bill with your credit card. Coverage typically takes effect on the first of the month after you start paying the monthly service on your card.

What’s Typically Not Covered

As with most protection, there are more losses that are not covered than are covered. Here’s a list of common exclusions for cell phone protection found on your credit card:

  • Phone accessories
  • Phones purchased for resale
  • Mysterious disappearance
  • Phones stolen from carry-on baggage or under the control/care of a common carrier
  • Cosmetic damage to the phone
  • Pay-as-you-go, prepaid, leased, borrowed, or rented phones
  • Intentional or illegal acts
  • Voluntary parting with the phone (involuntary and accidental parting may be covered)
  • Replacement phones not purchased from the retailer
  • Taxes, delivery, and transportation fees

Bottom Line: You can cover more cell phones than just your own by paying for the monthly service with your eligible card. Plus, theft and damage are the most common losses covered, while the act of losing your phone may or may not be covered. Coverage specifics solely depend on the credit card’s coverage terms and conditions.

The 7 Best Personal Credit Cards That Offer Cell Phone Insurance

Image Credit: RODNAE Productions via Pexels

Now, let’s take a look at the best credit cards that offer cell phone insurance. We’ve summarized the cards and cell phone coverage in the table below, then added card and coverage details in the following paragraphs.

Card Card Protection Limits Earnings per Dollar Spent on Cell Phone Bill The Platinum Card® from American Express $800 per claim, maximum 2 claims annually $1,600 total, $50 deductible 1 Amex Membership Rewards point per dollar Capital One Venture X Rewards Credit Card $800 per claim, maximum 2 claims in a 12-month period up to $1,600 total, $50 deductible 2 Capital One miles per dollar Delta SkyMiles® Platinum American Express Card

Delta SkyMiles® Reserve American Express Card

$800 per claim, maximum 2 claims annually up to $1,600 total, $50 deductible 1 Delta SkyMile per dollar Chase Freedom Flex℠ Credit Card $800 per claim, 2 claims per 12-month period, up to $1,000 total, $50 deductible 1 Ultimate Reward point per dollar Wells Fargo Propel American Express®

Wells Fargo Visa Signature Card

$600 per claim, 2 claims annually up to $1,200 total, $25 deductible 1 Wells Fargo point per dollar

1. Amex Platinum Card (Top Pick)

The Amex Platinum card is one of the best travel cards on the market thanks to it being jam-packed with excellent benefits like access to multiple airport lounge networks, rental car benefits and hotel elite status with Marriott and Hilton, statement credits for specific purchases, and even cell phone insurance!

Frequent flyers will love the earn rates on the Amex Platinum card, which include:

  • 5x points per dollar on flights booked directly with airlines or Amex Travel
  • 5x points per dollar on hotels booked with Amex Travel

Plus, the Amex Platinum card earns 1x point per dollar on all non-bonused purchases.

Cell Phone Insurance Overview

With your Amex Platinum card, you’ll receive up to $1,600 in cell phone protection against theft and damage per 12 month period, including cosmetic damage like cracks to your phone screen. Coverage is limited to up to 2 claims per year with a total of $800 per claim. Each time you submit a claim you’ll be responsible for a deductible of $50.

In order to receive this coverage, you’ll need to pay your monthly phone bill with your Amex Platinum card.

2. CapOne Venture X Card

We like that the card nearly pays for itself with a statement credit for using Capital One Travel for your purchase. Add in the additional value of 10,000 miles at card renewal and you’ll find the card delivers enough value to more than offset the fee.

In addition to a long list of travel benefits and protections such as worldwide lounge access, primary rental car coverage, trip cancellation/interruption/delay, baggage insurance, and roadside assistance, you’ll also find the card has excellent cell phone protection.

Cell Phone Insurance Overview

First, you’ll want to pay your monthly bill with your card. You’ll then have up to $800 in coverage if your phone is lost or stolen. There is a limit of 2 claims per 12-month period, a maximum of $1,600 total, and you’ll pay a $50 deductible for each claim.

3. Delta Platinum Card

An excellent option for Delta flyers, the Delta Platinum card offers benefits like free checked bags, discounts on inflight purchases, an annual companion certificate, and much more.

The card also earns Delta SkyMiles on the following purchases:

  • 3x miles per dollar on Delta and eligible hotel purchases
  • 2x miles per dollar at restaurants and U.S. supermarkets

You’ll also receive 1 mile per dollar on all other eligible purchases that fall outside of the above categories.

Cell Phone Insurance Overview

The Delta Platinum card includes up to $1,600 in cell phone protection against theft and damage per 12-month period, including cosmetic damage which is not often covered with most plans. You can submit up to 2 claims per year for a total of $800 per claim, and keep in mind that each claim will come with a deductible of $50.

As with the other cards mentioned, you’ll need to pay your cell phone bill with your Delta Platinum card to be eligible for the coverage.

4. Delta Reserve Card

The Delta Reserve card is a must-have for Delta loyalists. Not only does the card offer access to Delta Sky Clubs and Amex Centurion Lounges when flying Delta, but you’ll also receive access to complimentary upgrades on Delta flights, an annual companion certificate, priority boarding, and more.

The Delta Reserve card has just 1 bonus category that allows you to earn 3x miles per dollar on all Delta purchases, but you’ll also receive 1 mile per dollar on all other eligible purchases.

Cell Phone Insurance Overview

As with the Delta Platinum card, the Delta Reserve card also includes up to $1,600 in cell phone protection per 12-month period, including cosmetic damage. You can submit up to 2 claims per year for a total of $800 per claim, and keep in mind that each claim will come with a deductible of $50.

Again, you’ll need to pay your cell phone bill with your Delta Reserve card to be eligible for the coverage.

5. Freedom Flex Card

You’ll receive a lot of value with this no-annual-fee card. With 5% earnings on rotating quarterly bonus categories, plus elevated earnings for purchases on the Chase travel portal, on dining, and at drugstores, there are plenty of ways to earn cash-back and Ultimate Rewards points.

Pair the card with a Chase premium card and you’ll have access to increased value (up to 1.5 cents per point) when redeeming for travel, and the ability to transfer points to travel partners for even greater potential value.

Cell Phone Insurance Overview

Pay your monthly cell phone bill with your card and receive coverage for theft and damage. There is a maximum of $800 per claim, a limit of 2 claims per 12-month period, and a $50 deductible per claim.

6. Wells Fargo Propel Card

The Wells Fargo Propel card is a newer player in the travel rewards card game. This no-annual-fee card earns points that can be redeemed at 1 cent per point towards paid travel like flights and hotels. Alternatively, you can redeem your points for cash-back, letting you save on everyday purchases or other large expenses.

Further, the credit card earns 3 points per dollar spent in the following purchase categories:

All other purchases earn a standard 1 point per dollar spent. Further, the card often has a hefty welcome bonus, doesn’t charge foreign transaction fees, and often includes a promotional 0% APR for the first 12 months of being a cardholder.

Cell Phone Insurance Overview

The Wells Fargo Propel card’s cell phone insurance is pretty standard but great for a no-annual-fee credit card. Each claim pays out $600 for theft or damage, minus a $25 deductible. You can submit up to 2 claims per year for a total value of $1,150 in claims when you factor in the deductibles.

Like most credit cards on this list, you must charge your phone bill to your Wells Fargo Propel card in order to be eligible.

7. Wells Fargo Signature Card

Wells Fargo also offers cell phone insurance on some of its other credit cards, including the Wells Fargo Signature card. This no-annual-fee card runs on the Visa network but has significantly fewer points-earning benefits than the Wells Fargo Propel card we outlined earlier.

The card earns 1 point per dollar on all purchases but earns 5 points per dollar on gas, grocery, and drugstore purchases for the first 6 months of card membership. Just note that this promotion has a $12,500 limit.

Another interesting benefit is that the card gets a 50% bonus when redeeming for paid airfare.

This means that you can redeem just 20,000 points for a $300 flight. Plus, if you also hold a Wells Fargo Propel card, you can combine your points with the Wells Fargo Signature card and take advantage of the heightened redemption rate for all of your points.

Cell Phone Insurance Overview

When you pay your monthly cell phone bill with your Wells Fargo Signature card, you’re eligible for up to $600 in annual cell phone protection from damage and theft with a $25 deductible per claim. Note that you can make 2 claims for a total of $1,200 in claims per year.

Hot Tip: Cell phone protection is a World Elite Mastercard benefit, but not all World Elite Mastercards offer the benefit. The specific financial institution that issues the card will decide whether to include it as one of the benefits. If your card has the coverage, you can expect up to $800 per claim, a maximum of 2 claims each year for a total of $1,000, and each claim will have a $50 deductible.

The 4 Best Business Credit Cards That Offer Cell Phone Insurance

Business woman taking order on cell phone
Image Credit: Amina Filkins via Pexels

Looking for a business credit card that offers cell phone insurance for you and your employees? Consider the following options.

Card Cell Phone Protection Earnings per Dollar Spent on Cell Phone Bill The Business Platinum Card® from American Express $1,600 in claims, 2 claims annually, $800 per claim maximum, $50 deductible 1 Amex Membership Rewards point per dollar Delta SkyMiles® Platinum Business American Express Card

Delta SkyMiles® Reserve Business American Express Card

$1,600 in claims, 2 claims annually, $800 per claim maximum, $50 deductible 1 Delta SkyMile per dollar Ink Business Preferred® Credit Card $3,000 in claims, 3 claims annually, $1000 per claim maximum, $100 deductible 3 Ultimate Rewards points per dollar

1. Amex Business Platinum Card (Top Pick)

Business owners who are looking for a great travel card that also offers cell phone insurance will be hard-pressed to find a better option than the Amex Business Platinum card. With it, you’ll receive access to the best-in-class American Express Global Lounge Collection, Hilton and Marriott elite status upon enrollment, up to $400 annual Dell credit, plus excellent travel and purchase protections.

With your Amex Business Platinum card, you’ll earn rewards at these rates:

  • 5x points on flights and hotels purchases through Amex Travel
  • 1.5x points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else (up to $2 million in purchases per calendar year)

Cell Phone Insurance Overview

The cell phone insurance coverage provided with the Amex Business Platinum card is top-notch, giving cardholders up to $1,600 in cell phone protection each year. Better yet, the coverage includes cosmetic damages to your phone, like a cracked screen, which is something that many other phone insurance policies exclude.

Amex Business Platinum cardholders are able to make 2 claims per year for themselves or any employee phone, and each claim will cover up to $800 in damages after paying a deductible of just $50. Of course, in order to receive the coverage, you’ll need to pay your monthly cell phone bill with your Amex Business Platinum card.

2. Delta Platinum Business Card

Business owners who spend a lot of time flying with Delta will love the benefits of the Delta Platinum Business card, like the annual companion certificate, and free checked bags.

With the Delta Platinum Business card, you’ll earn on the following purchases:

  • 3x miles per dollar on Delta and hotel purchases
  • 1.5x miles per dollar on purchases over $5,000

You’ll also receive 1 mile per dollar on all purchases that fall outside of the above categories.

Cell Phone Insurance Overview

Just like the personal version of the card, the Delta Platinum Business card offers cardholders up to $1,600 in cell phone protection against theft and damage per 12 month period. You can submit up to 2 claims per year, with a maximum of $800 per claim, and a $50 deductible per claim.

In order to receive this coverage, you’ll need to pay for the monthly cell phone bill of your business with the Delta Platinum Business card.

3. Delta Reserve Business Card

Any business owner who is Delta frequent flyer should really consider adding the Delta Reserve Business card to their wallet. Not only does it offer cell phone insurance, but it also gives you access to complimentary upgrades, along with Amex Centurion Lounges and Delta Sky Clubs when flying Delta.

Plus, you’ll earn 3x miles per dollar on all Delta purchases and 1 mile per dollar on all other purchases. However, once you’ve spent $150,000 on the card, your non-Delta purchases will begin to earn 1.5 miles per dollar spent, making it a great option for Delta loyalists with a lot of expenses.

Cell Phone Insurance Overview

The cell phone coverage on the Delta Reserve Business card is the same as all of the other Delta cards included in our list, with up to $1,600 in cell phone protection per 12-month period. Cardholders are allowed to submit 2 claims per year, up to $800 per claim, and each claim includes a deductible of $50.

Like the other Delta cards, in order to use the cell phone insurance coverage, you’ll need to pay your monthly phone bill with your Delta Reserve Business card.

4. Ink Business Preferred Card (Best Chase Business Card)

While some personal credit cards offer cell phone protection, you can receive both protection and greater earnings with select business credit cards.

The Ink Business Preferred card is one of the best Chase business credit cards (or any business card!) on the market and also one of the best for cell phone protection.

The card earns Ultimate Rewards points on each purchase and has a number of 3x point categories (up to $150,000 in spend), including:

  • Travel
  • Shipping purchases
  • Internet, cable, and phone services (yes, this includes your cell phone bill!)
  • Advertising purchases with social media sites and search engines

This means that you can earn up to 450,000 Ultimate Rewards points per year in these bonus categories alone. These points can be transferred to a number of airline and hotel partners, meaning you can redeem them for business class tickets to Europe, suites at Hyatt hotels, and more! Check out our article on the best Chase Ultimate Rewards redemptions for more info.

Plus, there’s an attractive welcome bonus and a slew of other benefits that make this card one of the most rewarding credit cards for small and medium-sized business owners.

Cell Phone Insurance Overview

Not only do you earn 3 points per dollar when you pay your cell phone bill with the Ink Business Preferred card, but you also get complimentary cell phone insurance. Chase will reimburse you up to $1,000 per claim and you can make up to 3 claims per year. There is a $100 deductible attached to each claim, though, so you’re effectively getting $900 in value from each claim.

As you’d expect, this coverage covers both theft and damage and you’re responsible for paying the excess on claims that are over $1,000. Regardless, this can be an excellent benefit, especially if you have employees with company-issued cell phones.

Filing a claim is easy, too: just head over to the Card Benefit Services website and you’ll be prompted to sign in with your credit card info. After signing in, upload the requested documentation and submit your claim. You should hear back from Chase within a couple of weeks regarding your claim’s status; if approved, you’ll be paid via a check in the mail.

Hot Tip: To learn about other business credit cards that offer cell phone protection and earn rewards when paying your monthly bill, check out our guide.

Limited Cell Phone Protection via Purchase Protection Coverage

Woman Holding A Broken Cell Phone
You may have a limited period of time to make a cell phone damage claim if your credit card has purchase protection. Image Credit: paulzhuk via Shutterstock

If you purchased your cell phone with a credit card that offers purchase protection, you may have a limited period of coverage if your phone is lost, damaged, or stolen — but only within a certain amount of time from the day of purchase.

For protection to be valid on your cell phone, you must have paid for the phone in full with your eligible card and/or rewards points earned on that card. The following are some of the most popular cards that provide purchase protection that can cover a cell phone in the first few months of ownership:

Card Purchase Protection Benefit Amex Platinum card

American Express® Gold Card

$10,000 per claim, $50,000 per account, coverage is valid for 90 days from the date of purchase Blue Cash Everyday® Card from American Express $1,000 per claim, $50,000 per account, coverage is valid for 90 days from the date of purchase CapOne Venture X card $10,000 per claim, $50,000 per account, coverage is valid for 90 days from the date of purchase Chase Sapphire Reserve®

Chase Sapphire Preferred® Card

$10,000 per claim, $50,000 per account, coverage is valid for 120 days from the date of purchase Citi Premier® Card

Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®

$10,000 per claim, $50,000 per account, coverage is valid for 90 days from the date of purchase or delivery of the item, whichever is first Freedom Flex card $500 per claim, $50,000 per account, coverage is valid for 90 days from the date of purchase

Hot Tip: If your cell phone is damaged or stolen within the first few months of ownership and you purchased it with a card that offers purchase protection, you may have coverage available.

Limited Cell Phone Protection With Extended Warranty Coverage

Further, some credit cards offer extended warranty protection. This coverage generally extends the manufacturer’s warranty for an additional year or more on eligible items (including cell phones). However, things like theft and accidental damage are usually not covered by this benefit, only the perils listed in the original warranty such as manufacturer’s defects, etc.

Dozens of credit cards offer extended warranty coverage — way too many to list here. You can determine if your card has this coverage by calling the number on the back of your card, accessing your card account online, or referencing the Guide to Benefits that came with your card.

Here’s how coverage breaks down by card issuer:

Card Issuer Extended Warranty Coverage Limits Up To American Express Manufacturer’s warranties of 5 years or less are extended by 1 year $10,000 per item/$50,000 per account Capital One Manufacturer’s warranties of 3 years or less are doubled, maximum of 1 additional year Chase Manufacturer’s warranties of 3 years or less are extended by 1 year Citi Manufacturer’s warranties of 5 years or less are extended up to 2 years

Police Report
If your cell phone is stolen, be sure to secure a police report. Image Credit: Jordan via Unsplash

Damaging your phone or having it stolen is already a stressful experience — don’t make things more stressful by filling out your claim improperly.

Make sure to include the following in your credit card cell phone insurance claim:

  • Take note of the details of the incident (where, when, etc.)
  • If your phone was damaged, do not throw it away; you may be asked to send it to the claim administrator
  • If your phone was stolen, obtain a police report as soon as possible
  • To quickly start the claim process, call the number on the back of your card and they can transfer you to the claim administrator so that you can request a claim form
  • Pay attention to deadlines — you have a limited amount of time (usually 60 days, but possibly less) to file a claim and ensure all the required documents are received by the claim administrator

Knowing in advance what you might need to file a cell phone claim could save you some serious time and frustration.

You may be asked to provide any of the following:

  • Completed and signed claim form
  • A copy of your bill showing that the monthly service for the phone for which you’re making a claim was paid for with your eligible card
  • An itemized repair estimate
  • The damaged phone
  • Receipt for a replacement phone, if applicable
  • Documentation of any other insurance claim settlement
  • Substantiation of the time, place, and cause of the damage/theft
  • Documentation of the original price of the cell phone

Final Thoughts

Each of these cards offers good cell phone insurance, so it’s up to you to determine which card fits your spending mix, has redemption options that fit your priorities, and offers other benefits you can actually use.

In short, examine your spending habits and find which of these credit card’s bonus earning categories best align with your usual spending. Then, apply for the card and move your cell phone plan’s billing to autopay from your new credit card. Now, you’ll earn valuable travel rewards or cash-back and protect your cell phone from damage and theft at the same time.

Note that this list is not an all-encompassing collection of every credit card that offers cell phone protection, just some of the most popular cards.

The information regarding the Capital One Venture X Rewards Credit Card, Wells Fargo Propel American Express®, Wells Fargo Visa Signature Card, and Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® was independently collected by Upgraded Points and not provided or reviewed by the issuer.

For rates and fees of The Platinum Card® from American Express, click here. For rates and fees of the Delta SkyMiles® Platinum American Express Card, click here. For rates and fees of the Delta SkyMiles® Reserve American Express Card, click here. For rates and fees of The Business Platinum Card® from American Express, click here. For rates and fees of the Delta SkyMiles® Platinum Business American Express Card, click here. For rates and fees of the Delta SkyMiles® Reserve Business American Express Card, click here.

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