We may receive a commission when you use our links. Monkey Miles is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com and CardRatings. This relationship may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Monkey Miles is also a Senior Advisor to Bilt Rewards. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Your credit card may give you free cell phone insurance
When this post was first written the Chase Ink Business Preferred was one of the only cards to offer cell phone insurance as a perk of the card. Now…there are so many that you need a chart to keep track! Luckily…Miles is a whiz at chart making and whipped up this bad boy to make things a little simpler for you.
This is an overview of the various cards on the market that offer free cell phone insurance as a perk of card membership. While most are affiliated with banks specifically…many Mastercards that are branded World and World Elite offer some kind of cell phone insurance. That’s amazing!
Whether you have a Capital One Venture X, Amex Platinum, a Chase Freedom Flex, or a Chase Ink Business Preferred, make sure you’re making use of the perks that a free to you with your cards!
*note…there are exclusions to any coverage and make sure you understand the terms and conditions
Our Favorite Credit Cards – updated monthly!
Credit Cards that offer Free Cell Phone Insurance
| Bank | Card Name | Coverage | Earn Rate | Annual Fee |
|---|---|---|---|---|
| American Express | Platinum and Black Card both personal and business | $800 per claim, $50 deductible and max of 2 per year | 1x | Personal Plat = $695 Business Plat = $695 Black = $5k |
| Barclay | Bilt Mastercard World Elite | $800 per claim, $50 deductible, $1k max/ 2 claims per year | 1x | No annual fee |
| Barclay | American Airlines Aviator Red | $800 per claim, $50 deductible, $1k max/ 2 claims per year | 1x | $99 annual fee |
| Capital One | Capital One Venture X | $800 per claim, $50 deductible, 2 claims per year, | 2x | $395 |
| Capital One | Capital One Spark Cash Plus | $800 per claim, $50 deductible, 2 claims per year, $1k max per year | 1x | $0 |
| Chase | Freedom Flex | $800 per claim, $50 deductible, 2 claims per year, $1000 max | 1x | No Annual Fee |
| Chase | Ink Business Preferred | $600 per claim, $100 deductible, $1800 per year | 3x | $95 |
| Citi | Prestige | $1000 per claim, $50 deductible, $1500 max per year | 1x | $495 |
| Mastercard World | Some of them | $600 per claim, $50 deductible, and $1200 max per year | varies | varies |
| Mastercard World Elite | Some of them | Roughly...$1000 per claim, $50 deductible, $1500 max | varies | varies ( Freedom Flex is no Annual Fee and has coverage ) |
| Sofi | Money Debit | $200 per claim, $25 deductible, and 2 claims per year | $0 | |
| US Bank | Platinum Card | $600 per claim, $25 deductible, and $1200 per year | no annual fee | |
| Wells Fargo | Coverage on all of their consumer cards | $600 per claim, $25 deductible, and $1200 per year | varies | varies |
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.