Credit Cards Guides

How to get free cell phone insurance with a credit card


We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Monkey Miles is also a Senior Advisor to Bilt Rewards Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.

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!

Miles Credit Cards

Credit Cards that offer Free Cell Phone Insurance

BankCard NameCoverageEarn RateAnnual Fee
American ExpressPlatinum and Black Card both personal and business$800 per claim, $50 deductible and max of 2 per year1x Personal Plat = $695
Business Plat = $695
Black = $5k
BarclayBilt Mastercard World Elite$800 per claim, $50 deductible, $1k max/ 2 claims per year1xNo annual fee
BarclayAmerican Airlines Aviator Red$800 per claim, $50 deductible, $1k max/ 2 claims per year1x$99 annual fee
Capital OneCapital One Venture X$800 per claim, $50 deductible, 2 claims per year, 2x$395
Capital OneCapital One Spark Cash Plus$800 per claim, $50 deductible, 2 claims per year, $1k max per year1x$0
ChaseFreedom Flex$800 per claim, $50 deductible, 2 claims per year, $1000 max1xNo Annual Fee
ChaseInk Business Preferred$600 per claim, $100 deductible, $1800 per year3x$95
CitiPrestige$1000 per claim, $50 deductible, $1500 max per year1x$495
Mastercard WorldSome of them$600 per claim, $50 deductible, and $1200 max per yearvariesvaries
Mastercard World EliteSome of themRoughly...$1000 per claim, $50 deductible, $1500 maxvariesvaries ( Freedom Flex is no Annual Fee and has coverage )
SofiMoney Debit$200 per claim, $25 deductible, and 2 claims per year$0
US BankPlatinum Card$600 per claim, $25 deductible, and $1200 per yearno annual fee
Wells FargoCoverage on all of their consumer cards$600 per claim, $25 deductible, and $1200 per yearvariesvaries


Affiliate link via CardRatings


The Chase Sapphire Preferred is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based. 

Welcome Offer

60k Points after $4k spend in 3 months

80k offer in branch currently – I think this should be online soon

Annual Fee


Points Earned

Transferrable Chase Ultimate Rewards

Super solid welcome offer.

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.

  • 3x on dining
    •  including eligible delivery services for takeout
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • 5x on all travel purchased through Chase Ultimate Rewards – Chase Travel Portal
  • $50 Annual Credit on hotel stays purchased via Ultimate Rewards/Chase Travel
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 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 Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
  • Points are transferrable to 13 Ultimate Rewards partners
  • Redeem in the Chase Travel center for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Primary rental car coverage is my favorite

There is currently an 80k offer after $4k spend in 3 months available in branch, and up to 90k after $6k spend in 6 months. I suspect some version of this will be online soon if you don’t want the hassle of going into a branch.

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 60k is a very, very good offer. 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. 


  • Thomas June 25, 2022

    Amex Bus Platinum’s coverage is “secondary,” which I learned only after filing a claim and jumping through many hoops. They wanted me to file a claim first with my Allstate Homeowners Insurance, which made no sense at all for filing a claim for a stolen phone because my policy premium would have jumped $500 a year starting with my renewal. Ridiculous.

  • Fathiss June 18, 2022

    How is the coverage free when the Amex Plat charges a $695 fee? You pay for the coverage as part of the fee!
    This is deceptive as any practice that states something is free but you have to pay money in some way to get it.
    That’s not the definition of free.

  • SMR June 18, 2022

    I’m pretty sure chase doesn’t back Capital One cards. Also , the Venture X has a 2x earning rate. I’m not sure any of that chart is accurate. Make sure you check your own cards terms.

  • […] spent as well as coverage in different amounts. Read our article on the complete breakdown of Mobile Phone Insurance benefits to compare and make the best selection for your […]

  • derek May 21, 2021

    How to get the coverage? Buy the phone with the credit card that offers it?

    I am on my 4th smartphone. The battery has been the problem in the past in all the smartphones though a loose charging port was also a problem in one. I have gotten 3-4 years out of them. The phone with 4 years, it was limping the last year.

  • Drew October 30, 2017

    My son broke an iPhone 6s. Apple Store charged 300 to replace it. Insurance through Chase reimbursed 200 of it.

  • Kit Flyer October 30, 2017

    Ha! I got a Samsung S5 a few years ago during Best Buy’s Thanksgiving Friday sale. It cost 1 cent plus $35 activation fee. And I had to re-up my 2-year ATT plan, which I was going to do anyway.
    My phone broke, Chase Ink reps said I was covered, the check was going to be for $35.01 b/c that was the charge on the card. I thanked them but told them not to bother.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.