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@wasCB14 wrote:
@lhcole77 wrote:FYI-
World Elite Mastercards come with cellphone protection:
Coverage for a Stolen or damaged Eligible Cellular Wireless
Telephone is subject to the terms, conditions, exclusions, and
limits of liability of this benefit. The maximum liability is $600
per claim for World Mastercard, and $1,000 per Covered
Card per 12 month period. Each claim is subject to a $50
deductible. Coverage is limited to two (2) claims per Covered
Card per 12 month period.Some do, not all. To check a card:
https://us.mycardbenefits.com/Home/AboutCellPhoneProtection?cd=en&prog=CPP&CardType=MC
Right, I would guess that "most" do not!
On cards that do: The REI WEMC (from US Bank) offers $800 with a $50 deductible, up to $1000 in 12 months.
Note that asking about cell phone protection is a little like asking "which credit cards offer rewards?" in that there is a lot of variation. Some cards offer $250 protection, which, while better than nothing, is obviously not as good as $800. And then you need to consider the usual rewards of the cards, if you are getting 1% back (as with REI) there better be a lot of protection. Having $250 coverage may not be worth giving up 5X on your cellphone bill for a card without protection
@longtimelurker wrote:
@wasCB14 wrote:
@lhcole77 wrote:FYI-
World Elite Mastercards come with cellphone protection:
Coverage for a Stolen or damaged Eligible Cellular Wireless
Telephone is subject to the terms, conditions, exclusions, and
limits of liability of this benefit. The maximum liability is $600
per claim for World Mastercard, and $1,000 per Covered
Card per 12 month period. Each claim is subject to a $50
deductible. Coverage is limited to two (2) claims per Covered
Card per 12 month period.Some do, not all. To check a card:
https://us.mycardbenefits.com/Home/AboutCellPhoneProtection?cd=en&prog=CPP&CardType=MC
Right, I would guess that "most" do not!
On cards that do: The REI WEMC (from US Bank) offers $800 with a $50 deductible, up to $1000 in 12 months.
Note that asking about cell phone protection is a little like asking "which credit cards offer rewards?" in that there is a lot of variation. Some cards offer $250 protection, which, while better than nothing, is obviously not as good as $800. And then you need to consider the usual rewards of the cards, if you are getting 1% back (as with REI) there better be a lot of protection. Having $250 coverage may not be worth giving up 5X on your cellphone bill for a card without protection
When I checked about a year ago, Aviator Red was eligible. Savor and Double Cash were not.
For the REI card: https://www.reimastercard.com/credit/cellProtection.do?redirect=phone&lang=en&exp=
Here are some examples of what is not covered:
Emphasis mine. Those are major exclusions.
Oooh, good feedback peeps. My WEMC has the coverage and I assumed all WEMCs came with it. Thanks for that clarification.
As mentioned upthread, Wells Fargo still has Cellphone protection on multiple cards. It's available on my new Cash Wise card I just opened but also others. $600 per claim less $25 deductible, limit $1200 per year. Recurring monthly charges have to be billed to your card. Doesn't cover unexplained "loss." The Cash Wise would give you the $600 protection with somewhat unremarkable 1.5% cash back rewards, so that would be the trade-off there.
The Chase INK Business Preferred card ($95 AF) covers cell phones. $600 per claim less $100 deductible, limit 3 claims per year. Recurring monthly charges have to be billed to your card. That's not a bad deal if you're also able to take advantage of the other card benefits to justify the $95 AF.
I had the Chase INK Business Preferred but downgraded it to the Chase INK Business Cash. It has no AF and has a high rewards payout on my (home-business) cable tv- internet - cellphone plus on office supplies. (5% cash back on up to $25K per year) After I roll the UR points over to my CSR, I get 7.5% in UR travel rewards redemption on my cellphone bill. One of the best deals going and adds a lot of value to my CSR, but it doesn't include cell phone protection.
@lhcole77 wrote:Oooh, good feedback peeps. My WEMC has the coverage and I assumed all WEMCs came with it. Thanks for that clarification.
Why would you assume that? Oh, perhaps because the WEMC page says:
Enjoy the exciting new benefits that come with every World Elite Mastercard
in large font!
And only in much smaller font:
Please note: Benefits referenced on this site may not always be available on your card product. Selection of benefits on your Mastercard card may vary by card issuer. Please refer to your issuing financial institution for more details. Submission of a claim does not guarantee coverage.
Which suggests an unusual meaning of "every" in "every World Elite Mastercard"!
Looking at the Wells Fargo benefit...
Covered:
Stolen phones
- if you file a police report
- and it is secondary to any homeowner's/renter's or similar policy
Not covered:
"Cell phones purchased for resale, professional, or commercial use" (so little to no business use)
Lost phones
"Electronic issues, such as inability to charge, mechanical or battery failure, where there is no evidence of physical damage"
"Cosmetic damage to the cell phone or damage that does not impact the cell phone’s capabilities and functionalities" (vague as to which capabilities/functionalities are covered. Phone calls? GPS? Camera lens?)
I am using Huntington Voice now after Citi killed all their coverage.
My bill is so small ($28 for two phones 2gb shared a month) with Spectrum Mobile it doesn't matter much that I am getting 1%, I just want the phone protection since I bought unlocked pixel phones.
@longtimelurker wrote:
@lhcole77 wrote:Oooh, good feedback peeps. My WEMC has the coverage and I assumed all WEMCs came with it. Thanks for that clarification.
Why would you assume that? Oh, perhaps because the WEMC page says:
Enjoy the exciting new benefits that come with every World Elite Mastercard
in large font!
And only in much smaller font:
Please note: Benefits referenced on this site may not always be available on your card product. Selection of benefits on your Mastercard card may vary by card issuer. Please refer to your issuing financial institution for more details. Submission of a claim does not guarantee coverage.
Which suggests an unusual meaning of "every" in "every World Elite Mastercard"!
I am going to start using their theory of the word "every" in my daily life.
When I miss a deadline at work, I will tell my boss "I got everything done on time..."
I did some heavy research into this very topic a few months ago. The caveat about having a CC with phone protection, is that you will rarely find anything that also includes high CB levels. you pretty much have to choose if the CB or phone protection is more important. For me, it was the phone protection hands down.
After my research, the best i found was NFCU Cash Rewards (MC version). $600 per claim/$1000 yr max. So if you have to claim twice in one year the second will only cover $400. However, you get 1.5% CB with the card so it reduces your phone bill while giving you the coverage.
I personally haven't been able to find anything above 1.5% CB along with solid protection coverage. I currently use Uber (since they nerfed it and I have no other use for the card, this keeps the card active and builds up Uber points that I will probably never use) I just couldn't justify applying for NFCU for that nominal amount of CB. If I had already been an NFCU member and had the card, I obviously would be using that over Uber.
@Taurus22 wrote:I did some heavy research into this very topic a few months ago. The caveat about having a CC with phone protection, is that you will rarely find anything that also includes high CB levels. you pretty much have to choose if the CB or phone protection is more important. For me, it was the phone protection hands down.
After my research, the best i found was NFCU Cash Rewards (MC version). $600 per claim/$1000 yr max. So if you have to claim twice in one year the second will only cover $400. However, you get 1.5% CB with the card so it reduces your phone bill while giving you the coverage.
I personally haven't been able to find anything above 1.5% CB along with solid protection coverage. I currently use Uber (since they nerfed it and I have no other use for the card, this keeps the card active and builds up Uber points that I will probably never use) I just couldn't justify applying for NFCU for that nominal amount of CB. If I had already been an NFCU member and had the card, I obviously would be using that over Uber.
As a slight improvement, I use Citizen's Bank which has the standard $600 coverage, but gives 1.8% CB (and it had a promotional 5% CB that has expired)