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NFCU Cash Rewards cellphone insurance to end

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SUPERSQUID
Valued Contributor

NFCU Cash Rewards cellphone insurance to end

I was talking to a NFCU csr today and they informed me that NAVY will end cellphone coverage this month on 1/21/22

{ BK7 DC 12/2019 } target 2100/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 1 of 22
21 REPLIES 21
Ficoproblems247
Valued Contributor

Re: NFCU Cash Rewards cellphone insurance to end

I think that is going away with a lot of cards, unfortunately. When I signed up for my MCP just a few months ago it had it, now it does not appear on any of the literature I can find. I work in that industry and see how people treat their phones on a daily basis! My guess is that these companies are realizing that this is a service that is more trouble than what it's worth.  





FICO 8 Sep '23 EX 755 EQ 765 TU 739
TCL $199,800
Message 2 of 22
collics
Established Contributor

Re: NFCU Cash Rewards cellphone insurance to end

Welp. Good think I purchased Apple Care I guess.

BK 7 Discharged May 2014. Removal Feb 2024! Let the countdown begin!!
Last App: Apr 2023
Newest to Oldest:


FICO8s Dec 2019

FICO8s Oct 31 2023
Message 3 of 22
OmarGB9
Community Leader
Super Contributor

Re: NFCU Cash Rewards cellphone insurance to end

Kinda lame, but at the same time, I don't use it because I'd rather get $10 off/line using autopay with my debit card on Verizon.


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 4 of 22
Irv02
Established Contributor

Re: NFCU Cash Rewards cellphone insurance to end

Thanks for the info.  Are there any cards left that do cover cell phone insurance?

Message 5 of 22
SUPERSQUID
Valued Contributor

Re: NFCU Cash Rewards cellphone insurance to end


@Irv02 wrote:

Thanks for the info.  Are there any cards left that do cover cell phone insurance?


I wish i knew if other cards offered it. my luck i just got the nfcu cash rewards visa last month. the csr told me they just had a meeting friday morning to decide this issue.

{ BK7 DC 12/2019 } target 2100/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 6 of 22
M_Smart007
Legendary Contributor

Re: NFCU Cash Rewards cellphone insurance to end

Chase Freedom Flex

 

"Cell Phone Protection

Get up to $800 per claim and $1,000 per year in cell phone protection against covered theft or damage for phones listed on your monthly cell phone bill when you pay it with your eligible credit card. Maximum of 2 claims in a 12 month period with a $50 deductible per claim."

 

ETA: YMMV >> https://www.nerdwallet.com/article/credit-cards/credit-cards-with-cell-phone-insurance

Message 7 of 22
SUPERSQUID
Valued Contributor

Re: NFCU Cash Rewards cellphone insurance to end


@M_Smart007 wrote:

Chase Freedom Flex

 

"Cell Phone Protection

Get up to $800 per claim and $1,000 per year in cell phone protection against covered theft or damage for phones listed on your monthly cell phone bill when you pay it with your eligible credit card. Maximum of 2 claims in a 12 month period with a $50 deductible per claim."

 

ETA: YMMV >> https://www.nerdwallet.com/article/credit-cards/credit-cards-with-cell-phone-insurance


If i hadnt burned chase for over 20k in my bk7 that would be an option but i'm probably banned for life. thanks for posting that maybe someone will go that route if they are clean with chase.

{ BK7 DC 12/2019 } target 2100/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 8 of 22
M_Smart007
Legendary Contributor

Re: NFCU Cash Rewards cellphone insurance to end

@SUPERSQUID, Chase has a pretty long memory if you burned them. According to the DP's I have read.

 

Sorry, for OT postSmiley Sad

Message 9 of 22
longtimelurker
Epic Contributor

Re: NFCU Cash Rewards cellphone insurance to end

At this stage, I would be cautious about getting a new card just because it has cellphone insurance (just got burned myself with Max Cash) as the situation seems pretty volatile.   It may have become too expensive for some insurers so premiums paid by the network/issuers became too high for a free benefit.

Message 10 of 22
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