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Wells Fargo credit card phone insurance

Pay your phone bill with an eligible card to get coverage.

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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.

What is 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.

Does Wells Fargo phone insurance protect against lost phones?

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.

How to file a phone insurance claim with your Wells Fargo credit card

  1. Call Wells Fargo benefits administrator at 866-804-4770 within 60 days of the occurrence
  2. Provide all necessary documents
  3. Pay the $25 deductible
  4. Within 10 business days, expect to get reimbursement for the value of your phone or up to $600, whichever is less

Documents you’ll need to make a claim

To claim the benefits of Wells Fargo credit card phone insurance, provide the following documents:

  • Recent phone bill paid with your Wells Fargo credit card
  • Copy of the receipt of when you bought your phone
  • Police report if your phone was stolen
  • Assessment of a qualified phone repair service if your phone was damaged. Alternatively, send your phone to be inspected

Is Wells Fargo credit card phone insurance worth it?

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.

Compare Wells Fargo credit cards with phone insurance

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.

Name Product Filter values Rewards Purchase APR Annual fee
Wells Fargo Propel American Express® Card
3x points on dining, gas, transit, travel and streaming and 1x points on all other purchases
0% intro for the first 12 months (then 13.99% to 25.99% variable)
$0
Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months.
Wells Fargo Cash Wise Visa® Card
1.5% cash back on all purchases
0% intro for the first 15 months (then 13.99% to 25.99% variable)
$0
$150 cash rewards bonus when you spend $500 in purchases in the first 3 months.
Wells Fargo Rewards® Card
5x points on gas, groceries, and drugstores for the first 6 months on up to $12,500, then 1x points after that and on all other purchases
0% intro for the first 15 months (then 16.49% to 25.49% variable)
$0
Earn 5x points on gas, grocery, and drugstore purchases for the first 6 months on up to $12,500 and 1x points on all other purchases.
Wells Fargo Platinum Card
N/A
0% intro for the first 18 months (then 15.49% to 24.99% variable)
$0
Enjoy a 18 months intro APR period on purchases and balance transfers.
Wells Fargo Visa Signature® Card
5x points up to $12,500 on gas, groceries, and drugstores for the first 6 months, then 1x points after that and on all other purchases
0% intro for the first 15 months (then 12.49% to 25.49% variable)
$0
Earn 5x points on gas, grocery, and drugstore purchases for the first 6 months on up to $12,500 and 1x points on all other purchases.
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Bottom line

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.

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