topic Re: Having a Credit Card w/ Cell Phone Protection? in Credit Cards

Having a Credit Card w/ Cell Phone Protection?

Anonymous — Sun, 16 Jul 2017 19:44:58 GMT

Hey everyone! I was wondering what you guys think about having a credit card that offers cell phone protection? Currently none of my cards offer it and I was thinking it would be something that would come in handy especially coming from someone who has had their fair share in phone issues.

I was eyeing the Wells-Fargo Cash Wise card and it seems like the best option that also offers a $200 sign-up bonus. What do you guys think? Is it a good idea to have at least 1 card that offers cell phone insurance/protection?

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Sun, 16 Jul 2017 20:08:50 GMT

I don't have one, but I think it's a good idea. Only as long as there aren't any catches or fine print. If it's really as simple as paying your bill each month with the card and being covered for $600 with a small deductible like WF says, I don't see any reason not to get the card.

Re: Having a Credit Card w/ Cell Phone Protection?

sunkissed — Sun, 16 Jul 2017 20:13:06 GMT

Although I do not have a card with cell phone protection, I think it’s a good idea – especially if you’re paying for multiple lines. I suggest reading the fine print on what’s covered to have a full understanding of coverage details like deductibles, exclusions, caps, etc.

Re: Having a Credit Card w/ Cell Phone Protection?

thom02099 — Fri, 21 Jul 2017 21:37:03 GMT

I got the Wells Fargo Propel 365 for that very reason -- cell phone protection. Make my Verizon Wireless payments with that card, have done so since that card was introduced. If you can get a bonus, so much the better.

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Fri, 21 Jul 2017 21:59:55 GMT

@thom02099 wrote:
I got the Wells Fargo Propel 365 for that very reason -- cell phone protection. Make my Verizon Wireless payments with that card, have done so since that card was introduced. If you can get a bonus, so much the better.

Yep I couldn't pass up the Cash Wise $200 promo + the cell phone protection. With how much we invest in our phones these days, I thought this was a no brainer. I'm just trying to be wiser with my apps these days but hey the Garden is my second home now

Re: Having a Credit Card w/ Cell Phone Protection?

Sharingan — Fri, 21 Jul 2017 22:35:26 GMT

@Anonymous wrote:
Hey everyone! I was wondering what you guys think about having a credit card that offers cell phone protection? Currently none of my cards offer it and I was thinking it would be something that would come in handy especially coming from someone who has had their fair share in phone issues.

I was eyeing the Wells-Fargo Cash Wise card and it seems like the best option that also offers a $200 sign-up bonus. What do you guys think? Is it a good idea to have at least 1 card that offers cell phone insurance/protection?

I'm sure it's quite an attractive benefit for some; however, there's an opportunity cost for the cell phone protection for those of us who have cards with ~5% back on wireless service. Personally, I have never lost, damaged, nor had a phone become inoperable in my possession; and I actually couldn't care less what happens to my current phone (iPhone 6+), so I prefer the cash back over protection. I'm not sure if there's a credit card offering both of these features, but I do know the protection is not offered on my current 5% card for the aforementioned category.

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Sat, 22 Jul 2017 14:15:16 GMT

@Sharingan wrote:
@Anonymous wrote:
Hey everyone! I was wondering what you guys think about having a credit card that offers cell phone protection? Currently none of my cards offer it and I was thinking it would be something that would come in handy especially coming from someone who has had their fair share in phone issues.

I was eyeing the Wells-Fargo Cash Wise card and it seems like the best option that also offers a $200 sign-up bonus. What do you guys think? Is it a good idea to have at least 1 card that offers cell phone insurance/protection?
I'm sure it's quite an attractive benefit for some; however, there's an opportunity cost for the cell phone protection for those of us who have cards with ~5% back on wireless service. Personally, I have never lost, damaged, nor had a phone become inoperable in my possession; and I actually couldn't care less what happens to my current phone (iPhone 6+), so I prefer the cash back over protection. I'm not sure if there's a credit card offering both of these features, but I do know the protection is not offered on my current 5% card for the aforementioned category.

My thoughts exactly. If your cell phone bill is large enough, getting 5% might well be a better choice, as cell phone insurance (not through the carrier) can be faiirly cheap, if you decide you need it. I've only had one need for it, when I damaged my brand new Samsung (a 6 edge +, new at the time, slamming the car door not realizing that my pocket with the phone was in the way!) and then Discover paid for most of it. With deductibles etc, it may make sense to self-insure, and save insurance for big ticket items like cars and houses.

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Sat, 22 Jul 2017 14:27:14 GMT

@thom02099 wrote:
I got the Wells Fargo Propel 365 for that very reason -- cell phone protection. Make my Verizon Wireless payments with that card, have done so since that card was introduced. If you can get a bonus, so much the better.

I wasnt even aware of this until this thread. I'm tempted to add this card(or another with this protection) as the last card of my next rebuild spree. Thanks for the information, I will be watching this thread now...although I am not sure if it's influence will be good on me, lol.

Re: Having a Credit Card w/ Cell Phone Protection?

cjesser15 — Sat, 22 Jul 2017 18:10:18 GMT

I can give my personal experience with this. I used to use my Wells Fargo card for precisely this reason and had a good experience overall. I had 1 claim for a water damaged Samsung Galaxy S5. They do make you jump through some hoops. In addition to paperwork I was required to send in multiple photos and the purchase receipt from the phone. They also made me go to a local repair shop and get an estimate for repairs. Finding a local repair shop that would give me a written estimate was actually very tricky and time consuming. Once I got everything to them, they cut me a check. I want to say it was like $600 minus the small deductible. Had the estimate determined it was fixable I'm sure they would have given me less.

Overall I would recommend it. Was it a hassle? Yes, but it was totally worth it. The only reason I don't use it anymore is my family stopped buying phones directly from the carriers (and last time I checked that is a required, I'd be happy to hear if that has changed). Hope that helps in some way.

Re: Having a Credit Card w/ Cell Phone Protection?

bourgogne — Sat, 22 Jul 2017 18:20:37 GMT

chase ink: 'includes up to $600 of protection against damage or theft, 3 times per 12-month period, after you pay a $100 deductible. That’s up to $500 back toward a replacement' pretty much covers the $95 fee.

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Sat, 22 Jul 2017 18:28:59 GMT

@cjesser15 wrote:
I can give my personal experience with this. I used to use my Wells Fargo card for precisely this reason and had a good experience overall. I had 1 claim for a water damaged Samsung Galaxy S5. They do make you jump through some hoops. In addition to paperwork I was required to send in multiple photos and the purchase receipt from the phone. They also made me go to a local repair shop and get an estimate for repairs. Finding a local repair shop that would give me a written estimate was actually very tricky and time consuming. Once I got everything to them, they cut me a check. I want to say it was like $600 minus the small deductible. Had the estimate determined it was fixable I'm sure they would have given me less.

Overall I would recommend it. Was it a hassle? Yes, but it was totally worth it. The only reason I don't use it anymore is my family stopped buying phones directly from the carriers (and last time I checked that is a required, I'd be happy to hear if that has changed). Hope that helps in some way.

Thanks, I did not know that. If that's the case, it would likely be of no use to a gentleman such as myself.

Re: Having a Credit Card w/ Cell Phone Protection?

cjesser15 — Sat, 22 Jul 2017 19:55:07 GMT

I went ahead and checked the current terms and conditions and under the "what is not covered" section it says:

"Replacement Cellular Wireless Telephone not purchased from a cellular service provider’s retail or
Internet store or other authorized cell phone retailer."

Feel like that could be interpreted a couple ways but just wanted to share why I was under that impression.

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Sun, 23 Jul 2017 02:19:18 GMT

@cjesser15 wrote:
I went ahead and checked the current terms and conditions and under the "what is not covered" section it says:

"Replacement Cellular Wireless Telephone not purchased from a cellular service provider’s retail or
Internet store or other authorized cell phone retailer."

Feel like that could be interpreted a couple ways but just wanted to share why I was under that impression.

I think their terms are a little unclear. I mean I know of someone who used their WF card and their phone was purchaed like new from swappa.com it was an open box and had been previously active on another account. but WF still reimbursed the max amount.

The World Propel would be the card to get first, since you get over $600 free the first year, then downgrade to the no AF version at 12 months. Then at 16 months you apply for the cashwise if you want another $200 and make your existing rewards worth 1.5x for flights.

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Tue, 20 Mar 2018 17:52:30 GMT

@cjesser15wrote:

I can give my personal experience with this. I used to use my Wells Fargo card for precisely this reason and had a good experience overall. I had 1 claim for a water damaged Samsung Galaxy S5. They do make you jump through some hoops. In addition to paperwork I was required to send in multiple photos and the purchase receipt from the phone. They also made me go to a local repair shop and get an estimate for repairs. Finding a local repair shop that would give me a written estimate was actually very tricky and time consuming. Once I got everything to them, they cut me a check. I want to say it was like $600 minus the small deductible. Had the estimate determined it was fixable I'm sure they would have given me less.

Overall I would recommend it. Was it a hassle? Yes, but it was totally worth it. The only reason I don't use it anymore is my family stopped buying phones directly from the carriers (and last time I checked that is a required, I'd be happy to hear if that has changed). Hope that helps in some way.

Can you please describe you experiance with submitting the claim? they asked for the bill of the broken phone or of the new phone that you paid as a replacement. I'm interested in this CC stickly because of this perk so i'm interested in every detail. Thank you.

Re: Having a Credit Card w/ Cell Phone Protection?

imaximous — Tue, 20 Mar 2018 18:24:23 GMT

Barclays Uber Visa offers cell phone protection up to $600 minus a deductible of $25. Limited to 2 claims per year. The card has no AF.
Compared to getting even 5% cash back with another card, I think the benefit is great despite the fact that I only get 1% back on the monthly charges. I have a family plan of 6 lines with newer iPhones, so if one of my daughters breaks her phone, it could save me $575 to replace it. Getting $575 in cash back would take years on cell phone bill payments.

Re: Having a Credit Card w/ Cell Phone Protection?

imaximous — Tue, 20 Mar 2018 18:26:50 GMT

@Anonymouswrote:
Hey everyone! I was wondering what you guys think about having a credit card that offers cell phone protection? Currently none of my cards offer it and I was thinking it would be something that would come in handy especially coming from someone who has had their fair share in phone issues.

I was eyeing the Wells-Fargo Cash Wise card and it seems like the best option that also offers a $200 sign-up bonus. What do you guys think? Is it a good idea to have at least 1 card that offers cell phone insurance/protection?

I just noticed in your signature that you do have the Uber Visa. You do already have this benefit. No need for another card unless you really want to get it.

Re: Having a Credit Card w/ Cell Phone Protection?

imaximous — Tue, 20 Mar 2018 18:29:02 GMT

Never mind. I just realized that the original post is from last year when there was no Uber Visa.

Re: Having a Credit Card w/ Cell Phone Protection?

Anonymous — Wed, 21 Mar 2018 12:42:56 GMT

If you have a Navy Federal Credit Card and you pay your cell phone bill with the card, you have cell phone insurance. It covers if the phone stops working like you can't make phone calls, not if you crack your screen.

https://www.navyfederal.org/products-services/cards/creditcards/cell-phone-insurance.php