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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
|Coverage||Maximum coverage||Deductible||Rewards rate on phone bill||Not covered|
|Uber Visa Card||Up to $600 per claim||Two claims or up to $1,200 in 12 months||$25||1% cash back||Lost cell phone|
|U.S. Bank Visa® Platinum Card||Up to $600 per claim||Two claims or up to $1,200 in 12 months||$25||N/A|
|Wells Fargo Propel American Express® Card||Up to $600 per claim||Two claims or up to $1,200 in 12 months||$25||1x points||Lost phone|
|Wells Fargo Cash Wise Visa® Card||Up to $600 per claim||Two claims or up to $1,200 in 12 months||$25||1.5% cash back||Lost phone|
|Citi Prestige® Credit Card||Up to $1,000 per claim||Up to $1,500 in 12 months||$50||1x points||Lost phone|
|Ink Business Preferred℠ Credit Card||Up to $600 per claim||Three claims up to $1,800 in 12 months||$100||3x points||Lost phone|
Our pick for a business credit card with cell phone insurance
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Compare credit cards with cell phone insurance
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.
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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