Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure
Smartphones are fragile and accidents can happen. Repairing or replacing your new phone could cost several hundred dollars or more. But you can avoid the cost of repairs or replacements with Wells Fargo credit card phone insurance.
Wells Fargo credit card phone insurance is a way to protect your phone against theft or damage without paying extra. If you pay your phone bill with your Wells Fargo personal credit card, you’ll be automatically covered for up to $600 per claim with a $25 deductible. You can make a maximum of two claims of up to $1,200 in a 12-month period.
Note that the Wells Fargo credit card phone insurance is not primary insurance. It functions as secondary insurance, meaning in an unfortunate event, you’ll first get reimbursement from primary insurances, like homeowner insurance or personal insurance, if you have it. Your Wells Fargo insurance comes next.
No. You must have proof of your damage or theft to file a claim. If the phone disappeared without explanation, you can’t file a claim. Also, if the phone is refurbished or resold, i.e. it’s not new, it may not be covered under the phone insurance.
To claim the benefits of Wells Fargo credit card phone insurance, provide the following documents:
Considering it doesn’t cost anything extra, paying your phone bill with your Wells Fargo credit card to get the insurance could be well worth it. Especially if you own an expensive smartphone.
Keep in mind that you won’t get coverage if you lose your phone. You also won’t get coverage if you’re renting or borrowing the phone, or if you get it in a package with a prepaid plan.
You’ll receive supplemental coverage, meaning you must make a claim with any personal insurance first before receiving any benefits. You’ll need to call your benefit administrator to make a claim. Then, you’ll need to complete a claim form and submit any requested documentation.
So, while it might take a bit of work to submit a claim, it could be worth it for cellular protection.
If you already own a Wells Fargo credit card, try to automate your phone bill payment with the card to get your insurance. If you don’t have such a card, consider applying for one.
Wells Fargo credit card phone insurance is a convenient way to get reimbursement against damage or theft of your phone without paying extra. Just make sure you pay your phone bill with a Wells Fargo credit card.
If you don’t find these cards appealing, compare other credit cards with phone insurance.
The Figure Pay card is free and earns rewards, but it lacks several standard features.
Credit cards are a popular way for buying Ethereum (ETH). Learn how you can do the same by reading this guide.
Support your child’s financial knowledge and teach the important real-life money skills in a safe and controlled way with a kids’ debit card.
Your step-by-step guide to buying Solana with a credit card.
Learn how to buy Litecoin (LTC) with a credit card by following our step-by-step guide. Get started today.
Earn crypto on your purchases with these cards.
Pay-per-mile car insurance can help you save money if you’re a low-mileage driver.
The Sequin card helps build your credit but you can’t withdraw money at an ATM.
An budgeting app that can help reduce credit card balances faster.
A budgeting app that tracks your spending and upcoming bills but logging cash transactions will cost you extra.
