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Credit cards with cell phone insurance

Get reimbursement for your smartphone in the event of theft or damage.

You bought a new smartphone but you accidentally dropped it and cracked the screen. Or worse — someone stole it. In such events, you can get peace of mind knowing you can get reimbursed using your credit card cell phone insurance, which is a perk you don’t have to pay extra for.

Cell phone insurance available through credit cards

CoverageMaximum coverageDeductibleRewards rate on phone billNot covered
Chase Freedom Flex℠Up to $800 per claimTwo claims or up to $1,000 in 12 months$501% cash backSee terms
U.S. Bank Visa® Platinum CardUp to $600 per claimTwo claims or up to $1,200 in 12 months$25N/A
  • Cosmetic issues
  • Electronic issues
  • Lost phones
  • Prepaid phones
Wells Fargo Propel American Express® CardUp to $600 per claimTwo claims or up to $1,200 in 12 months$251x pointsLost phone
Wells Fargo Cash Wise Visa® CardUp to $600 per claimTwo claims or up to $1,200 in 12 months$251.5% cash backLost phone
Citi Prestige® Credit CardUp to $1,000 per claimUp to $1,500 in 12 months$501x pointsLost phone
Ink Business Preferred® Credit CardUp to $600 per claimThree claims up to $1,800 in 12 months$1003x pointsLost phone

Compare credit cards with cell phone insurance

Name Product Filter values Rewards Purchase APR Annual fee
Luxury Card Mastercard® Black Card™
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
14.99% variable
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
Chase Freedom Flex℠
5% cash back on up to $1,500 combined in quarterly categories you activate, 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Capital One Quicksilver Student Cash Rewards Credit Card
1.5% cashback on all purchases
26.99% variable
A student credit card with a solid 1.5% unlimited cashback rate.

Compare up to 4 providers

What is cell phone insurance?

Cell phone insurance covers your phone in cases of damage or theft.
Unfortunately, losing your phone usually isn’t covered with cell phone insurance. In the first two cases, you will have to show proof — either the damaged phone or a police report filed in the first 48 hours of the occurrence. Otherwise, your insurance won’t cover your phone.

How to get cell phone insurance

Manufacturers, retailers and wireless carriers typically offer warranties or protection plans for your phone. But this may not be cheap. Depending on the insurer, you could pay between $5 and $15 per month for a two-year plan plus a deductible between $20 and $300.

Another alternative is to get a credit card with cell phone insurance. For this type of insurance, you have to pay your phone bill with your credit card and pay a small deductible if the unfortunate event occurs, nothing more.

Who gets to use the credit card cell phone insurance?

This largely depends on the credit card provider. Some cards offer protection only to the main cardholder. Others, like the Citi Prestige® Credit Card, provide coverage for up to five cell phones. Make sure you read the terms and conditions to avoid any surprises if you ever come to use this feature.

Do all Wells Fargo credit cards come with cell phone protection?

Yes. Whichever credit card you choose, you get Wells Fargo’s cell phone protection. This applies even to the Wells Fargo Secured Credit Card and the Wells Fargo Cash Back College℠ Card.

The same cell phone protection rules apply to all Wells Fargo credit cards — up to $600 per claim with up to two claims for a maximum of $1,200 in a 12-month period with a $25 deductible.

Bottom line

If you want damage or theft protection for your smartphone, a credit card with cell phone insurance could be a good, cheap option for you.

Keep in mind, the card has to support this feature. But if this perk is secondary to your needs, compare other credit cards until you find the right fit for your wallet.

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