What credit card should you use to pay your cell phone bill, and why?
Hey there, savvy travelers! Let's talk about a little-known gem hidden in the depths of your credit card perks – cell phone protection. Yep, you read that right – some credit card companies offer free cell phone protection so you don't have to shell out for a separate policy. 📱😄
Here's the deal: All you need to do is pay your monthly phone bill using that credit card, and voilà – all the phones on your plan are covered. It's like a secret superpower your credit card holds!
But before you go diving into this world of credit card perks, it's important to know that not all cards are created equal. There are some key differences between the ones that offer this sweet protection. So, let's break it down, shall we?
☝️Amex Platinum
Covers theft, damage, and cracked screens
Coverage Limit $800 per claim, $1,600 per 12 months
Max of 2 claims per 12 months
$50 Deductible
Note: Amex is one of the few that offers coverage to replace a cracked screen.
Now, the Amex Platinum is a bit of a powerhouse, but it does come with a hefty annual fee of $695. However, in exchange for that, you get a boatload of perks like travel statement credits, Uber credits, and access to airport lounges worldwide. With all these benefits, it's like your card is practically paying for itself!
✌️Capital One Venture X
Covers theft and damage
Coverage Limit $800 per claim, $1,600 per 12 months
Max of 2 claims per 12 months
$50 Deductible
This travel credit card comes with a more budget-friendly annual fee of $395 and in return, you get a $300 annual travel credit, TSA Precheck or Global Entry fee credits, and unlimited lounge access for you and two guests. It's the perfect companion for the jet-setting traveler in you!
3️⃣ Chase Freedom Flex
Covers theft and damage
Coverage Limit $800 per claim, $1,000 per 12 months
Max of 2 claims per 12 months
$50 Deductible
Note: This is the best option for no-annual-fee cards.
The Chase Freedom Flex is a no-annual-fee card, which means you won't be shelling out extra just to have it in your wallet. While it may not come with fancy perks, it's a solid earner under the Chase umbrella, especially if you love cashback rewards and rotating bonus categories.
4️⃣ Chase Ink Business Preferred
Covers theft and damage
Coverage Limit $1,000 per claim, $3,000 per 12 months
Max of 3 claims per 12 months
$100 Deductible
If you have a small business, this card is your best friend. It offers fantastic rewards on shipping, advertising, internet and phone services, and travel. Plus, there are no foreign transaction fees, making it perfect for those business trips abroad.
Now, here's a quick pro tip: None of these plans cover lost phones, so be sure to keep your precious device close. They'll accept claims for extensive damage or with a police report for a stolen phone. And usually, the coverage is processed by a third party, so it's always a good idea to check the terms before making any big moves.
When choosing the best option for cell phone coverage, consider factors like the cost of your phone, whether you've had any phone mishaps recently, and what your specific needs are. Whether you're replacing a pricey iPhone or just need a new screen, there's a credit card out there that's got you covered!
So, happy travels and even happier texting, my friends! 😄📱💳
August 31, 2023