With so many credit cards on the market, each doing a specific job, it’s easy to lose sight of the various benefits of each. One benefit in particular that I’m quite fond of is cell phone protection.

Have you ever dropped your brand new iPhone and shattered the screen? Felt like you wanted to cry after that?

Luckily, I’ve never experienced this but I couldn’t imagine the feeling that would overcome me if I dropped my brand new Samsung Galaxy S9+ that I paid roughly $700 for.

Credit cards can protect you

Some credit cards on the market carry cell phone damage protection and can save you a boatload of money for a small deductible:

Not all of these cards are like the others

There are a few different levers involved when it comes to cell phone protection coverage (deductible, maximum payout, yearly maximums, etc.) so you’ll want to make sure you’re choosing the card that fits best for you.

NOTE: In order for you to be covered with any of these cards, you must pay your phone bill with the card. My advice is to set up one of these cards on your cell phone account and place it on autopay. Set it and forget it.

Chase Ink Business Preferred Card

  • $600 per claim
  • Maximum of 3 claims in a 12-month period
  • $100 deductible per claim

Barclay’s Uber Visa Card

  • $600 per claim
  • Maximum of 2 claims in a 12-month period
  • $25 deductible per claim

Wells Fargo Consumer Credit Card

  • $600 per claim
  • $1,200 maximum in a 12-month period
  • $25 deductible per claim

First National Bank Business Edition® Visa® Card

  • $600 per claim
  • $1,000 maximum in a 12-month period
  • $50 deductible per claim

U.S. Bank Visa® Platinum Card

  • $600 per claim
  • $1,200 maximum in a 12-month period
  • $25 deductible

A few options here to protect your investment so if you have one of these cards (or are thinking about getting one), this may be a nice additional incentive to do so. It’s also always a good idea to read the fine print of the credit card offer before applying as banks sometimes change benefit language without blatant warning.

Featured image: NeONBRAND

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Gilbert
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Gilbert

Great, informative article.

Taryn
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Taryn

I just got a new phone and started using my us bank platinum for the monthly charge. Its my oldest card and I always struggled to remember to put some spending on it to keep it open. Now I can finally justify the spend on a non-points card!

jediwho
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jediwho

I thought Amex also offered some sort protection in the first three months of purchase, but I could be wrong

dayone
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dayone

Thanks for the very useful article. I was just wondering where I could find a list of cards that offered cell phone protection. It’s a valuable benefit and I’m surprised that it is not offered by more banks.

Xenofile
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Xenofile

are all of these protections free to credit card holder or are there different monthly recurring fees for the coverage?

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[…] while back I compared five credit cards that offer cell phone protection. All of these cards have the same maximum coverage per claim, but differ in other areas such as […]