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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 1000/ kohls 3000/ discover IT cb 5500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 2500 /first savings bank cc 2500/ cap1 QS 5000/ cap 1 savor one 3100 /comenity rewards mc 3k, Penfed PCR signature visa 7.5k/ penfed gold 7.5k NFCU >signature visa cash rewards 15700/bread cashback amex 6k

>/ nfcu platinum 3k, 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
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 Nov '22 EX 765 EQ 766 TU 753
TCL $160,000
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. Last App: Apr 25 2022
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FICO8s Dec 2019

FICO8s June 16 2022
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: 9/22/2022
American Express Platinum Card

Currently rebuilding as of 04/11/2019.

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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 1000/ kohls 3000/ discover IT cb 5500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 2500 /first savings bank cc 2500/ cap1 QS 5000/ cap 1 savor one 3100 /comenity rewards mc 3k, Penfed PCR signature visa 7.5k/ penfed gold 7.5k NFCU >signature visa cash rewards 15700/bread cashback amex 6k

>/ nfcu platinum 3k, 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
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 1000/ kohls 3000/ discover IT cb 5500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 2500 /first savings bank cc 2500/ cap1 QS 5000/ cap 1 savor one 3100 /comenity rewards mc 3k, Penfed PCR signature visa 7.5k/ penfed gold 7.5k NFCU >signature visa cash rewards 15700/bread cashback amex 6k

>/ nfcu platinum 3k, 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
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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