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Best credit cards with cell phone insurance

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It’s happened to all of us. We’re walking innocently down the sidewalk and our cell phone suddenly slips out of our hand and drops on the pavement — smashed. Or falls out of our back pocket…into the toilet. Or it’s drafted into duty for a dreaded game of “catch the phone” that your kids decide to play when they’re bored one afternoon.

But cell phones aren’t cheap, and when an unfortunate incident happens that requires your phone to be repaired or even replaced, the out-of-pocket costs can be astronomical.

Fortunately, if you have a credit card that offers free cell phone protection and you use that card to pay your monthly cell phone bill, you can save yourself from the potentially huge cost of repairing or replacing it. So if a cell phone “oops” happens to you more times than you’d like to admit, you’ll want to make sure to have the right card to cover it.

Chase Freedom Flex℠: Best for earning flexible points
Delta SkyMiles® Platinum American Express CardBest for earning airline miles
Capital One Venture XBest for airport lounge access
Bilt World Elite Mastercard® Credit Card: Best for renters
U.S. Bank Visa® Platinum Card: Best introductory rate on purchases
Deserve® EDU Mastercard for Students: Best for students
Ink Business Preferred℠ Credit Card: Best for business owners

It’s important to remember that most cell phone insurance plans will reimburse the cost of replacing or repairing your phone in case of damage or theft. This means if your phone is lost, or has cosmetic damage and still works, you won’t be covered. You also need to pay your cell phone bill with the card each month in order to be protected if the worst happens.

The best credit cards with cell phone protection cover between $600 to $1,000 in costs per claim with a deductible between $25 and $100, and you can typically file two to three claims a year depending on the card. There are other exclusions that won’t pertain to the average person, but you’ll still want to check the terms of your particular credit card to see exactly what’s covered and not covered.

Here’s a comparison of the specific cell phone insurance benefits available on each of these credit cards:

Maximum per claim Deductible Annual maximum and/or # of claims
Chase Freedom Flex $800 $50 $1,000 and two claims every 12 months
Delta SkyMiles Platinum American Express $800 $50 Two claims every 12 months
Capital One Venture X $800 $50 Two claims every 12 months
Bilt Mastercard $800 $25 Two claims every 12 months
U.S. Bank Visa Platinum $600 $25 $1,200 and two claims every 12 months
Deserve EDU Mastercard for Students $600 $50 $1,000 every 12 months
Ink Business Preferred $600 $100 Three claims every 12 months

Let’s dive into the details of each of these cards and see which one might be the best choice to cover you when an unfortunate cell phone disaster occurs.

The Chase Freedom Flex is a game changer for those looking to earn cash back that can be converted into travel points with the right matching card. Between the Freedom Flex’s benefits and the rewards it earns, it’s no wonder this card has become a popular choice over the last few years.

With the cell phone protection that comes on the Chase Freedom Flex, you’ll be covered for up to $800 per claim with a $50 deductible. That’s the highest per-claim maximum on any no-annual-fee credit card with cell phone protection. You’re also allowed to file up to two claims per 12-month period, with a maximum reimbursement amount of $1,000 during that time.

You’ll earn 5% cash back on a set of bonus categories that rotate each quarter on up to $1,500 in spending per quarter, plus 5% cash back on travel purchases made through Chase Ultimate Rewards, 3% cash back on dining (including takeout and delivery) and 3% cash back at drugstores.

And while the Chase Freedom Flex earns cash back, when you pair it with a premium Chase Ultimate Rewards credit card, such as the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, you can transfer the rewards you earn with your Chase Freedom Flex to the other card, giving you the flexibility to redeem them for travel at a higher value through Chase’s own travel booking site, or transferred to any of Chase’s 14 airline and hotel partners.

Read CNN Underscored’s review of the Chase Freedom Flex.
Learn more and apply now for the Chase Freedom Flex.

Although American Express offers cell phone protection on 12 different Amex cards, it’s unfortunately only included on the issuer’s high-end $500+ annual fee credit cards. However, there are two exceptions — the Delta SkyMiles Platinum American Express Card (see rates and fees) and the Delta SkyMiles® Platinum Business American Express Card (see rates and fees), both of which have annual fee of just $250.

A unique aspect of Amex’s cell phone benefit is that it includes the cost of repairing screen damage to your phone, which isn’t always the case with other credit card coverage plans. So if you are someone who often ends up with a cracked screen, this is a major plus. The Amex cell phone damage and theft protection covers up to $800 per claim, with a $50 deductible (terms apply). While you’re capped at two claims per 12-month period, there’s no annual monetary cap — unlike many other credit cards that provide a similar benefit.

While $250 a year is still significantly more expensive than most of the cards on our list, the Delta Platinum Amex card — along with the business version — also offers a number of benefits for Delta flyers. With this card, you and up to eight companions on the same reservation can get priority boarding and check your first bag for free when flying Delta.

You also have the ability to earn bonus Medallion Qualification Miles (MQMs) toward Delta elite status with the card’s Status Boost feature. And starting with the second year you have the card, you get an annual companion certificate that you can use to fly a friend with you for just the cost of taxes and fees (up to $75) on any domestic round-trip Delta flight in the Main Cabin.

Read CNN Underscored’s review of the Delta SkyMiles Platinum card.
Learn more about the Delta SkyMiles Platinum American Express Card.

With the Capital One Venture X, one of the best perks is that you’ll receive access to Capital One’s new airport lounges and Priority Pass Select membership. This gives you access to 1,300+ lounges worldwide where you can relax and eat before you jet off onto your next flight.

On top of the premium travel benefits, the card also offers cell phone protection. Paying for your monthly cell phone bill with this card will help you in case your phone is lost or damaged, up to $800 per claim. The card allows a maximum of two claims per 12-month period with a $50 deductible per claim. Coverage also applies to all cell phones paid on the monthly bill.

In addition to being protected, you’ll also earn 2 miles for every dollar you spend on your monthly cell phone bill. And if you use those miles to wipe away a future travel purchase, you’re effectively getting 2% back on your bill.

But, if you prefer to transfer your rewards to airline or hotel partners, you can potentially get even more for Capital One miles. That’s why frequent flyer website The Points Guy values Capital One miles at 1.85 cents apiece. Compared to all of the other personal credit cards on our list that offer cell phone protection coverage, this is one of the best cards to maximize your rewards.

Although the card comes with a substantial $395 annual fee, it also offers $300 in annual statement credits for bookings made through the Capital One Travel portal, 10,000 bonus miles starting with your first anniversary and up to a $100 statement credit for a Global Entry or TSA PreCheck membership once every four years.

Bilt Mastercard is a relatively new credit card to help those paying rent earn rewards — all with no fees attached. Despite not charging an annual fee, you’ll still get many protection benefits, such as purchase protection, rental car insurance, trip cancellation and delay coverage, and one of our favorites — cell phone insurance.

As long as you pay your monthly cell phone bill with your Bilt Mastercard, you’ll be covered up to $800 per claim (with a $25 deductible) and up to two claims per 12-month period. For a no annual fee card, this is one of the highest coverage amounts you’ll receive, with a a significantly less deductible cost.

When using this card to pay rent — or any other eligible purchase — you’ll earn Bilt points, which can then be redeemed for a discount on your next rent payment or transferred to one of Bilt’s numerous travel partners. Bilt continues to expand their list of airline and loyalty partner programs, with some of the more popular ones including American Airlines AAdvantage, Air Canada Aeroplan, United MileagePlus and World of Hyatt.

One thing to note, however, is that to earn points, you must make at least five transactions that post to your account each statement period. So just paying your rent once a month won’t earn you the full amount of points — you must also use your credit card on other purchases. Fortunately, the card also earns 2x points on travel and 3x points on dining, along with 1 point per dollar on all other purchases, including your rent payments (up to 50,000 points each calendar year).

Although the U.S. Bank Visa Platinum Card doesn’t offer a sign-up bonus or earn rewards, it’s by far the best card when it comes to offering an extended introductory rate on both purchases and balance transfers — all while also providing cell phone protection.

Under the card’s cell phone insurance plan, you can be reimbursed for up to $600 per covered incident with a $25 deductible. The coverage is capped at up to $1,200 and two claims per 12-month period.

Although these limits are on the lower side when compared to some of the other cards on our list, the U.S. Bank Visa Platinum Card also comes with an introductory 0% APR for 18 billing cycles on both purchases and balance transfers. The rate then rises to a variable 18.74% to 28.74% once the intro offer expires.

That’s an extremely generous amount of time if you need extra time to pay down your existing debt, or if you’re looking to make a large purchase. But truthfully, this is probably only a card to get if you’re in need of the introductory offer. If not, then the other cards on our list offer better rewards and overall benefits.

Learn more and apply now for the U.S. Bank Visa Platinum Card.

Most student-catered credit cards offer minimal benefits — if any at all. But not the Deserve EDU Mastercard for Students. For starters, if you’re an international student, you don’t need a Social Security number to apply for the card, which is extremely helpful to those studying in the US from abroad and also makes getting approved easier.

You’ll also have cell phone protection coverage for your entire time as a student, as long as you use this card to pay for your cell phone bill. You can be reimbursed for up to $600 per covered incident, with a $50 deductible and a maximum of $1,000 each 12 months. And unlike most of the other cards on our list, there’s no cap on the number of times you can file a claim.

Other benefits of the Deserve EDU Mastercard for Students include 1% cash back on all purchases, car rental insurance, no foreign transaction fees and one year of Amazon Prime Student after you spend $500 on the card within the first three billing cycles of being a new card holder.

Unexpected out-of-pocket expenses can be very tough on college students, so being able to get approved for a credit card as a student with less hassle, and then also being protected by it against a cell phone mishap, are some great reasons to have this card in your wallet.

The Chase Ink Business Preferred was one of the first credit cards to offer cell phone protection, and to this day it’s still one of the best — especially for people with a small business.

The cell phone coverage on this card is better for some but worse for others, depending on your needs. You’ll only be reimbursed for up to $600 per covered claim, and there’s a relatively large $100 deductible, which is at least double than every other card on our list. That could make filing a claim potentially not even worth it if you have an inexpensive phone.

However, the Ink Business Preferred is the only card that has no dollar cap on the amount you can be reimbursed within a year, and it also allows you to file up to three claims per rolling 12 months. So if you’re particularly accident-prone with your phone, you can theoretically be reimbursed a total of $1,800 each year depending on your claim amounts — up to $600 per incident with three claims allowed.

Additionally, the Ink Business Preferred earns 3 points for every dollar you spend on travel, shipping purchases, internet, cable, phone services and advertising purchases made with social media sites and search engines (up to $150,000 in combined purchases across all those categories each year, then 1x). This means you’ll earn triple points on your cell phone bill, which is an excellent return.

Read CNN Underscored’s review of the Chase Ink Preferred.
Learn more and apply now for the Chase Ink Preferred.

If your cell phone is damaged or stolen, make sure to precisely follow all your credit card's procedures in order to get reimbursed.

As mentioned earlier, having a credit card with cell phone protection doesn’t necessarily mean you’re automatically covered as soon as you get the card. You’ll need to use that specific credit card each month to pay your entire cell phone bill for the coverage to apply, and most plans don’t kick in until the first day of the month after your first bill payment.

Then, if your cell phone is damaged or stolen, there are several steps you’ll need to follow to get reimbursed. Most credit cards have a set number of days by which you must inform the issuer of an incident and submit the required information. To make sure you don’t have a problem, your best bet is to fill out all the forms as soon as the incident occurs so you don’t accidentally let the deadline pass.

There’s also a lot of information you have to send in, and you’ll want to make sure you follow the requirements to a T. While your credit card’s benefits administrator can help if you’re confused about which credit card statement or phone bill needs to be submitted, we suggest sending in a few months’ worth just to ensure you cover your bases.

Make sure to also get a repair estimate if the phone can be fixed, or proof of purchase of a new phone if it can’t. And if your phone was stolen, you’ll need a copy of the police report, which often must be filed within 48 hours of when the incident occurred.

While the process might sound cumbersome, knowing what to expect ahead of time will prepare you if you ever find yourself in a moment of dread with a damaged or stolen phone. That way, you’ll feel a little better knowing you’re protected with a credit card that’s ready to take a huge burden off your shoulders.

Click here for rates and fees of the Delta Platinum Amex card.
Click here for rates and fees of the Delta Business Platinum Amex card.

Check out CNN Underscored’s list of the best credit cards available right now.

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