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Credit Cards with Cell Phone Insurance Protection

A lesser known but potentially very valuable credit card benefit is cell phone insurance (or “cell phone protection”). This is a benefit that comes with your credit card and generally cover accidental damage and theft, but not simple loss.

In many cases, having a credit card with cell phone protection benefits means that you can skip having to pay your cell phone carrier for their protection plan, although you need to be aware of the differences. Some more expensive carrier plans do include accidental loss as a benefit. None of the credit card insurance include accidental loss, however some cards do include a warranty benefit for lost phones within a certain period of time from date of purchase.

The most important thing to know is that each of the cards that offers this benefit will require that you pay your cell phone bill in full each month with that credit card. If you don’t and you have a claim, they will ask to see copies of your bills and you will be out of luck.

Below, we look at each credit card that offers a cell phone insurance or protection benefit along with the general terms, limits, and deductibles. 

Credit Card NameBenefit DetailsLimits and Deductible
Chase Freedom FlexReimbursement for the actual cost to replace or repair a Stolen or damaged Eligible Cellular Wireless Telephone when paid in full on your Card.Limit: The maximum liability is $600 per claim for World Mastercard, and $1,000 per Covered Card per 12 month period. Coverage is limited to two (2) claims per Covered Card per 12 month period.

Deductible: $50 deductible per claim.
IHG Premier Credit CardReimbursement for the actual cost to replace or repair a Stolen or damaged Eligible Cellular Wireless Telephone when paid in full on your Card.Limit: The maximum liability is $600 per claim for World Mastercard, and $1,000 per Covered Card per 12 month period. Coverage is limited to two (2) claims per Covered Card per 12 month period.

Deductible: $50 deductible per claim.
Platinum Card from American Expressif a Card Members’ cell phone is stolen or damaged, including a cracked screen, they can be reimbursed for the repair or replacement costs when their cell phone line is listed on a wireless bill and the prior month’s wireless bill was paid by an Eligible Card Account.

Terms apply.
Limit: Up to two approved claims, for a maximum of $800 per claim or $1,600 per 12-month period.

Deductible: A $50 deductible applies to each approved claim.
Delta SkyMiles Platinum American Express Cardif a Card Members’ cell phone is stolen or damaged, including a cracked screen, they can be reimbursed for the repair or replacement costs when their cell phone line is listed on a wireless bill and the prior month’s wireless bill was paid by an Eligible Card Account.

Terms apply.
Limit: Up to two approved claims, for a maximum of $800 per claim or $1,600 per 12-month period.

Deductible: A $50 deductible applies to each approved claim.
Delta SkyMiles Reserve American Express Cardif a Card Members’ cell phone is stolen or damaged, including a cracked screen, they can be reimbursed for the repair or replacement costs when their cell phone line is listed on a wireless bill and the prior month’s wireless bill was paid by an Eligible Card Account.

Terms apply.
Limit: Up to two approved claims, for a maximum of $800 per claim or $1,600 per 12-month period.

Deductible: A $50 deductible applies to each approved claim.
Citi PrestigeApplies to damage and theft for up to 5 cell phones as long as the bills are paid in full on the Citi Prestige. For stolen phones, note that Stolen means taken by force and/or under duress or a loss which involves the disappearance of an Eligible Cellular Wireless Telephone from a known place under circumstances that would indicate the probability of theft and for which a police report was filed within forty-eight hours of the theft.Limit: Up to $1,000 per claim with up to 2 claims per year. Max is $1,500 in a 12-month period

Deductible: $50 deductible per claim.
Wells Fargo PropelSupplemental coverage not otherwise covered by another insurance policy (for example, cell phone insurance programs, or your homeowner’s, renter’s, automobile, or employer’s insurance policies) and may be applied after all other insurance is exhausted. Reimbursement is limited to the repair or replacement of your original cell phone. This protection is only available when cell phone bills are paid from your Wells Fargo Consumer Credit Card. Limit: Allowable maximum of two paid claims per 12 month period. Each approved claim has a benefit limit of $600.

Deductible: $25 per claim
Chase Ink Business PreferredYou are covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay the bill in full with your Chase Ink Business Preferred credit card.Limit: Up to $600 per claim. Maximum of 3 claims in a 12 month period with a $100 deductible per claim

Deductible: A $100 deductible applies to each approved claim.
Business Platinum Card from American Expressif a Card Members’ cell phone is stolen or damaged, including a cracked screen, they can be reimbursed for the repair or replacement costs when their cell phone line is listed on a wireless bill and the prior month’s wireless bill was paid by an Eligible Card Account.

Terms apply.
Limit: Up to two approved claims, for a maximum of $800 per claim or $1,600 per 12-month period.

Deductible: A $50 deductible applies to each approved claim.
Delta SkyMiles Platinum Business American Express Cardif a Card Members’ cell phone is stolen or damaged, including a cracked screen, they can be reimbursed for the repair or replacement costs when their cell phone line is listed on a wireless bill and the prior month’s wireless bill was paid by an Eligible Card Account.

Terms apply.
Limit: Up to two approved claims, for a maximum of $800 per claim or $1,600 per 12-month period.

Deductible: A $50 deductible applies to each approved claim.
Delta SkyMiles Reserve Business American Express Cardif a Card Members’ cell phone is stolen or damaged, including a cracked screen, they can be reimbursed for the repair or replacement costs when their cell phone line is listed on a wireless bill and the prior month’s wireless bill was paid by an Eligible Card Account.

Terms apply.
Limit: Up to two approved claims, for a maximum of $800 per claim or $1,600 per 12-month period.

Deductible: A $50 deductible applies to each approved claim.
Deserve EDU Student Credit CardSecondary cell phone coverage if your phone is lost or stolen and you pay your monthly bill with the cardLimit: $600 per claim/ $1,000 per year.

Deductible: $50

 

Advertiser Disclosure: Your Best Credit Cards has partnered with CardRatings for our coverage of credit card products. Your Best Credit Cards and CardRatings may receive a commission from card issuers. Commissions do not affect or prioritize placement within our results and not all cards displayed earn us a commission. The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

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12 Cards Available:

Credit card

Chase Ink Preferred

Annual Fee: $95

Estimated Bonus Value :

$1,750

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Annual Fee: $95

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Estimated Bonus Value :

$1,750

Offer: Get 100,000 Ultimate Rewards points as a bonus when you spend $15,000 in your first 3 months.

The Chase Ink Preferred credit card earns 3x Ultimate Rewards points on all travel, advertising, and shipping, as well on Internet, cable and phone services, up to $150,000 a year.

If your business spends a lot in any of these categories, you can earn a ton of points.

It also earns 5X Ultimate Rewards points on Lyft rides.

You'll get complimentary cell phone insurance when you pay your cell phone bill with this card. (See Chase website for details). No foreign transaction fees.

Offer: Get 100,000 Ultimate Rewards points as a bonus when you spend $15,000 in your first 3 months.
Credit card
Estimated Bonus Value :

$1,700

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Annual Fee: $595

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Estimated Bonus Value :

$1,700

Offer: 100,000 Membership Rewards points when you spend $15,000 within 3 months. Terms apply. (Rates and Fees).

A great card for flights and prepaid hotels earning 5x points, and for large expenses over $5,000 for 1.5x points.

- Get a suite of benefits that include Gold Hilton status (enrollment required), Gold Marriott status (enrollment required), the American Express Global Lounge Collection which includes Centurion, Delta, and Priority Pass Lounge access (enrollment required), Fine Hotels and Resorts benefits, and a $200 annual incidental airfare credit (enrollment required). Terms apply.

- You'll also get $100 in free Dell credits twice annually. (Jan-June and July-Dec; enrollment required / terms apply).

Note: When displaying Estimated Rewards Values and calculations, this card is factoring in airline and hotels at 5x. This requires booking at AmexTravel.com and, if you do not, your earned rewards will change. Hotel bookings made via AmexTravel will generally not earn points or elite benefits.

Offer: 100,000 Membership Rewards points when you spend $15,000 within 3 months. Terms apply. (Rates and Fees).
Credit card
Estimated Bonus Value :

$1,275

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Annual Fee: $550

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Estimated Bonus Value :

$1,275

Offer: 75,000 Membership Rewards points when you spend $5,000 in your first 6 months + 10x points at U.S. Gas Stations and U.S. Supermarkets on up to $15,000 in combined purchases, during your first 6 months. Terms apply. (Rates and Fees)

The Platinum Card® from American Express is full of caché and its heavy metal design will catch more than a few looks. While the fee isn't small, you get a lot back in the form of statement credits and other perks and benefits.

The benefits include a $200 in yearly Uber credits and Uber VIP status as well as $200 in annual incidental airline credits (as statement credits) for your chosen airline and $100 in annual Saks Fifth Ave statement credits.

You also get access to the American Express Global Lounge Collection, which includes the Centurion Lounges, Priority Pass, and Delta SkyClubs when you are flying Delta. (Enrollment required)

In addition, you get elite status in two hotel programs (enrollment required):

  • Marriott Bonvoy Gold Elite
  • Hilton Gold

While the Bonvoy Gold status is mostly good for small room upgrades and bonus points on stays, Hilton Gold confers free breakfast - a benefit that can really add up!

New: for January to June 2021 only, the Amex Platinum has a $30 monthly PayPal credit as well.

More Platinum Card benefits:

  • Reimbursement (as a statement credit) for your Global Entry or PreCheck membership fees every 4 years.
  • Secondary Car rental CDW/LDW collision/damage coverage
  • Lost, damaged or stolen baggage insurance
  • Extended warranty, purchase protection and return protection on covered purchases
  • No foreign transaction fees.
  • Access to the Platinum Concierge line

NOTE: This card earns 5x on airfare and hotels, however, the airfare must be booked direct with the airline or at Amex Travel and the hotels must be prepaid at Amex Travel to earn 5x. This site's Estimated Rewards Values will calculate all airfare and hotels at 5x points, so if your hotels are booked directly (which you generally need to do to earn hotel points and status/benefits) please note that they will not earn 5x and your actual rewards value will vary accordingly.

Offer: 75,000 Membership Rewards points when you spend $5,000 in your first 6 months + 10x points at U.S. Gas Stations and U.S. Supermarkets on up to $15,000 in combined purchases, during your first 6 months. Terms apply. (Rates and Fees)
Credit card
Estimated Bonus Value :

$720

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Annual Fee: $250

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Estimated Bonus Value :

$720

Offer: Earn 60,000 SkyMiles, 5,000 Medallion® Qualification Miles (MQMs), + receive a $100 statement credit when you spend $3,000 in your first 3 months. Terms apply. (Rates and Fees)

With the Delta SkyMiles® Platinum Business American Express Card you'll get an annual main cabin "Buy One, Get One" companion certificate, plus your first checked bag free and priority boarding on Delta.

Earn bonus Medallion Qualifying Miles (MQMs) and bonus miles at tiered spending thresholds. Spending $25,000 in a year on this card will waive the MQDs requirement for Medallion qualification up to Platinum status.

Delta Business Platinum Bonus Categories

  • Earn 3X miles on Delta purchases.
  • Earn 3X miles on hotels (purchased directly with the hotel - much better than when you have to use a booking portal!)
  • Earn 1.5 miles on purchases of $5,000 or more, up to 50,000 miles per year.

Additional Amex Delta Business Platinum Benefits

  • $100 statement credit every 4 years for Global Entry or an $85 statement credit for TSA Pre✓® every 4.5 years.
  • Buy One, Get One Companion Certificate on select fares.
  • $39 Delta SkyClub per-visit lounge access.

NOTE: Our rewards calculator and Estimated Rewards Values assume all "Airfare" is on Delta and is therefore counted at 3x points. If you also fly another carrier, you will only earn 1x points for those purchases and your Reward Values would be lower than indicated.

Offer: Earn 60,000 SkyMiles, 5,000 Medallion® Qualification Miles (MQMs), + receive a $100 statement credit when you spend $3,000 in your first 3 months. Terms apply. (Rates and Fees)
Credit card
Estimated Bonus Value :

$720

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Annual Fee: $550

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Estimated Bonus Value :

$720

Offer: Earn 60,000 SkyMiles, 10,000 Medallion® Qualification Miles (MQMs), + a $100 statement credit when you spend $4,000 within 3 months. Terms apply. (Rates and Fees)

The Delta SkyMiles® Reserve Business American Express Credit Card offers an annual companion certificate in any cabin class and Delta Sky Club Access + Centurion Lounge, plus your first checked bag free and priority boarding on Delta.

Earn bonus Medallion Qualifying Miles (MQMs) and bonus miles at tiered spending thresholds. Spending $25,000 in a year on this card will waive the MQDs requirement for Medallion qualification up to Platinum status.

Delta Reserve Bonus Categories

  • Earn 3X miles on Delta purchases

Additional Delta Reserve Benefits

  • Complimentary Delta Upgrades: For those without Delta Medallion Elite status, you will still be eligible for complimentary domestic upgrades after all elite members have cleared.
  • Additionally, Reserve cardholders with status get upgrade list priority over members at the same Medallion tier without the Reserve card
  • Annual domestic companion certificate in any class, including First and Business (This can be an amazing value, especially on a Delta One transcontinental flight).
  • $100 statement credit every 4 years for Global Entry or an $85 statement credit for TSA Pre✓® every 4.5 years.

Terms apply.

NOTE: Our rewards calculator and Estimated Rewards Values assume all "Airfare" is on Delta and is therefore counted at 3x points. If you also fly another carrier, you will only earn 1x points for those purchases and your Reward Values would be lower than indicated.

Offer: Earn 60,000 SkyMiles, 10,000 Medallion® Qualification Miles (MQMs), + a $100 statement credit when you spend $4,000 within 3 months. Terms apply. (Rates and Fees)
Credit card
Estimated Bonus Value :

$600

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Annual Fee: $250

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Estimated Bonus Value :

$600

Offer: Earn 50,000 SkyMiles and 5,000 Medallion® Qualification Miles (MQMs) when you spend $2,000 within 3 months. Also receive up to $100 back in statement credits at U.S. restaurants within 3 months. Terms apply. (Rates and Fees)

With the Delta SkyMiles® Platinum American Express Card, you'll get an annual main cabin "Buy One, Get One" companion certificate, plus your first checked bag free and priority boarding on Delta.

Earn bonus Medallion Qualifying Miles (MQMs) and bonus miles at tiered spending thresholds. Spending $25,000 in a year on this card will waive the MQDs requirement for Medallion qualification up to Platinum status.

Delta Platinum Bonus Categories

  • Earn 3X miles on Delta purchases
  • Earn 3X miles on hotels (purchased directly with the hotel - much better than when you have to use a booking portal!)
  • Earn 2X miles at U.S. supermarkets
  • Earn 2X miles at restaurants, worldwide
  • Terms apply

Additional Delta Platinum Benefits

  • $100 statement credit every 4 years for Global Entry or an $85 credit for TSA Pre✓® every 4.5 years.
  • Buy One, Get One Companion Certificate on select fares.

NOTE: Our rewards calculator and Estimated Rewards Values assume all "Airfare" is on Delta and is therefore counted at 3x points. If you also fly another carrier, you will only earn 1x points for those purchases and your Reward Values would be lower than indicated.

Offer: Earn 50,000 SkyMiles and 5,000 Medallion® Qualification Miles (MQMs) when you spend $2,000 within 3 months. Also receive up to $100 back in statement credits at U.S. restaurants within 3 months. Terms apply. (Rates and Fees)
Credit card
Estimated Bonus Value :

$600

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Annual Fee: $89

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Estimated Bonus Value :

$600

Offer: 150,000 bonus points when you spend $3,000 within three months of approval

The IHG credit card offers an annual anniversary free night, the fourth reward night free whenever you redeem for 4 or more nights, and Platinum status.

Earn 10x at IHG and 2x at gas stations, grocery stores, and restaurants. Also earn 10,000 bonus points when you spend $20,000 plus one additional purchase each card year.

NOTE: In calculating your rewards values for this card, we are making the assumption that all Hotel spend entered is spent on IHG. If part of that spend is on other hotels, that spend will earn only 1x on this card, reducing the value of your rewards.

Offer: 150,000 bonus points when you spend $3,000 within three months of approval
Credit card
Estimated Bonus Value :

$600

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Annual Fee: $550

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Estimated Bonus Value :

$600

Offer: Earn 50,000 SkyMiles plus 10,000 Medallion® Qualification Miles (MQMs) when you spend $3,000 within 3 months. Also receive up to $100 back in statement credits at US restaurants within 3 months. Terms apply. (Rates and Fees)

The Delta SkyMiles® Reserve American Express Card gets an annual domestic companion certificate in any class, including First and Business, plus your first checked bag free and priority boarding on Delta. Moreover, it includes Delta SkyCub membership with an annual fee ($550) that is only $5 more than buying a Delta SkyClub membership on your own!

Earn bonus Medallion Qualifying Miles (MQMs) and bonus miles at tiered spending thresholds: Get 15,000 MQMs and 15,000 bonus miles when you spend $30,000 in a calendar year - up to 4 times per year! Terms apply.

Spending $25,000 in a year on this card will waive the MQDs requirement for Medallion qualification up to Platinum status.

Earn Rate:

  • Earn 3X miles on Delta purchases

Primary Benefits:

  • Complimentary Delta Upgrades: For those without Delta Medallion Elite status, you will still be eligible for complimentary domestic upgrades after all elite members have cleared.
  • Additionally, Reserve cardholders with status get upgrade list priority over members at the same Medallion tier without the Reserve card
  • Annual domestic companion certificate in any class, including First and Business (This can be an amazing value, especially on a Delta One transcontinental flight).
  • $100 statement credit every 4 years for Global Entry or an $85 statement credit for TSA Pre✓® every 4.5 years.
  • Terms apply.

NOTE: Our rewards calculator and Estimated Rewards Values assume all "Airfare" is on Delta and is therefore counted at 3x points. If you also fly another carrier, you will only earn 1x points for those purchases and your Reward Values would be lower than indicated.

Offer: Earn 50,000 SkyMiles plus 10,000 Medallion® Qualification Miles (MQMs) when you spend $3,000 within 3 months. Also receive up to $100 back in statement credits at US restaurants within 3 months. Terms apply. (Rates and Fees)
Credit card
Estimated Bonus Value :

$500

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Annual Fee: $95

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Estimated Bonus Value :

$500

Offer: Get $500 (in the form of 50,000 points) when you spend $3,000 in your first 120 days

The Altitude Connect joins the Altitude Reserve and Altitude GO in the US Bank Altitude series. This card is idea for someone that spends a lot at gas stations and travel, but does not want "complicated" transferable bank points, this card would offer excellent value due to the 4% cash back in these categories. The streaming credit isn't much, but it will get you back $30 of the $95 annual fee if you keep the card.

Card Features:

  • 4X points (which equates to 4% cash back) on travel and at gas stations
  • 2X points at grocery stores and on grocery delivery
  • 2X points for dining (at a restaurant or via delivery)
  • 2X points on streaming services
  • 1X point per dollar on all other eligible purchases
  • Earn a $30 annual streaming credit: When you put eligible streaming services on your card for 11 straight billing cycles, the 12th month will see a credit of up to $30.
  • Cell Phone Protection: You can get reimbursed for up to $600 if your cell phone is stolen or damaged (but lost phones are not covered) as long as you pay your monthly cell phone bill with your card. $100 deductible applies and you will be covered for a maximum of one claim per year. Protection is secondary to homeowners/renters insurance.
  • TSA PreCheck or Global Entry Credit: You'll get up to $100 in statement credits to reimburse your application fee up to once every four years.
  • No Foreign Transaction Fees.

US Bank Altitude Connect Credit Card Review

The Altitude Connect joins the Altitude Reserve and Altitude GO in the US Bank Altitude series. This card is ideal for someone that spends a lot at gas stations and travel, but does not want "complicated" transferable bank points, this card would offer excellent value due to the 4% cash back in these categories. The streaming credit isn't much, but it will get you back $30 of the $95 annual fee if you keep the card.

This card is for people with a strong credit profile. You should have a 720 or better FICO to apply for this card.

Offer: Get $500 (in the form of 50,000 points) when you spend $3,000 in your first 120 days
Credit card
Estimated Bonus Value :

$500

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Annual Fee: $0

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Estimated Bonus Value :

$500

Offer: Get $500 when you spend $3,000 in your first 90 days

The US Bank Business Cash Rewards World Elite Mastercard may not be the first small business credit card that you think of, but it's an excellent cash back card if you spend a lot at gas stations, office supplies or cell phone service as you will earn 3% cash back on all three of these categories with no cap.

You also get a 25% bonus each anniversary of your prior year's rewards, up to $250.

There's no annual fee, no foreign transactions fees, and it offers complimentary secondary cell phone protection.

Offer: Get $500 when you spend $3,000 in your first 90 days
Credit card

Chase Freedom Flex Review

Annual Fee: $0

Estimated Bonus Value :

$350

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Annual Fee: $0

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Estimated Bonus Value :

$350

Offer: Get $200 (20,000 Ultimate Rewards points) when you spend $500 in your first 3 months

The Chase Freedom Flex is the evolution of the Chase Freedom card, long a staple of the Chase card portfolio.

The Freedom Flex takes the best part of the Chase Freedom (rotating quarterly 5X bonus categories) and adds a ton of new features:

Chase Freedom Flex Earn Rate:

  • 5X on travel when purchased through the Chase Ultimate Rewards portal*
  • 5X on rotating quarterly bonus categories (max of $1,500 per quarter in spend; activation required – same as existing Freedom card)
  • 3X on dining (including takeout and delivery)
  • 3X at drugstores
  • 1X on everything else

(* Keep in mind, booking via the portal for hotels means that you won’t, in most cases, earn any hotel points / stay credits nor have any hotel elite status honored. For airlines, the fares are generally the same or similar, however, it does mean that you have to deal with Chase for changes instead of the airline directly – and that can be a big hassle.)

Note: Our rewards optimization calculator will count all travel on this card at 5X, but please note the limitations around that above. 

Offer: Get $200 (20,000 Ultimate Rewards points) when you spend $500 in your first 3 months
Credit card
Estimated Bonus Value :

$0

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Annual Fee: $0

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Estimated Bonus Value :

$0

Offer: Get 1 year of free Amazon Prime Student after spending $500 in your first three billing cycles with your new EDU card (Lifetime Value of $59).

The Deserve EDU credit card is designed for students looking to build their credit profile while still earning 1% back in rewards.

Deserve EDU Review, Features and Benefits

  • Amazon Prime Student free for one year after your first purchase.
  • Cell Phone Protection (Up to $600 a year; see terms)
  • Car rental Collision Damage Waiver (CDW) coverage (see terms)
  • No annual fees
  • No foreign transaction fees
  • No Social Security Number is required to apply if you are an international student in the US. (Build your US Credit!)
  • Earn 1% Cash Back on all purchases with your Deserve Mastercard
Offer: Get 1 year of free Amazon Prime Student after spending $500 in your first three billing cycles with your new EDU card (Lifetime Value of $59).

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