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Amex Cell Phone Protection details
American Express continues to add cardholder value with the addition of a new cell phone insurance benefit that will be added to a list of their premium Amex cards. Beginning April 1, 2021 Amex will cover 2 claims per 12 month period of $800 a piece with a $50 deductible. Covered items include when a cardmember’s cell phone is lost or stolen, a cracked screen, and reimbursement can go towards repair or replacement costs. The cracked screen is a big one – many other credit card cell phone insurance policies don’t include this benefit.
Don’t forget that Amex Business Platinum earns 5x on mobile phone purchases through June. This would be killer if it became permanent.
*The biggest stipulation is that the covered cell phone must be listed on the cardmember’s wireless bill and the prior month’s bill was paid by an eligible card – listed below. US only. It doesn’t stipulate that you had to have purchase your phone with that card which is a biggie.
Amex Cards that will offer Cell Phone Protection beginning 4/1/21
Platinum Card® from American Express
Business Platinum Card®
Centurion® Card from American Express
Business Centurion Card®
Delta SkyMiles® Platinum American Express Card
Delta SkyMiles® Platinum Business American Express Card
Delta SkyMiles® Reserve American Express Card
Delta SkyMiles® Reserve Business American Express Card
The Platinum Card® Exclusively for Charles Schwab
The Platinum Card® Exclusively for Morgan Stanley
The Platinum Card® Exclusively for Goldman Sachs
The Centurion® Card Exclusively for Goldman Sachs
Further proof Amex gets it
Last year we saw Amex add a cell phone reimbursement perk to many of their cards ( I carry Amex Platinum, Business Platinum, and Green and they all had benefits – I saved $50 a month ) . This added benefit resulted in me pivoting my cell phone bill from my Chase Ink Business Preferred to Amex. While there are cards that charge far lower fees, and I would have loved if Amex added this benefit to their cheaper cards like Gold and Green, the added cracked screen benefit is enough to sway me to put my bill on Amex.
How does this compare across the space?
- Chase Ink Business Preferred
- $600 claim ( 2 per 12 months ) with $100 deductible
- note that this card does earn 3x on these purchases
- Chase Freedom Flex
- $800 claim ( 2 per 12 moths ) and $50 deductible
- Chase IHG Premier
- $800 claim ( 2 per 12 months ) and $50 deductible
- Citi Prestige
- $1000 claim ( 2 per 12 months ) with a $50 deductible ( But you can only have a total of $1500 total in 12 months )
My cell phone bill is a business expense and I’m not planning to cancel my Amex Business Platinum anytime soon so it will be happily collecting points from those purchases.
Don’t forget about all of those wonderful transfer partners
Which is how we have flown like this…
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
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