American Express Card Membership Benefit: Cell Phone Protection (Up to $800)
Free
(Valid for Select Cardholders/Cards)
+183Deal Score
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American Express is offering select/qualifying American Express Card Membership Benefit/Perk: Cell Phone Protection embedded on select card(s) for Free. Effective on April 1, 2021, you can be reimbursed for your repair or replacement costs following damage or theft up to $800 per claim w/ a limit of 2 approved claims per 12-month period when your cell phone line is listed on a wireless bill and the prior month's wireless bill was paid by the Eligible Card account
Thanks to community member(s) WandaVision & other SD Members for finding/contributing to this deal
Note, please check to see if your card offers this benefit, as not all cards is eligible
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Only the Platinum card. Also this is in-house cell phone insurance by Amex, Visa and Mastercard's cell phone insurance is administered 3rd party and they are a pain to deal with
To get coverage:
You must charge your monthly Eligible Cellular Wireless Telephone bill to your Eligible Card Account. You are eligible for coverage the first day of the calendar month following the payment of your Eligible Cellular Wireless Telephone bill using your Eligible Card Account. If you pay an Eligible Cellular Wireless Telephone bill with your Eligible Card Account and fail to pay a subsequent bill using your Eligible Card Account in a particular month, your coverage period changes as follows:
Seems to be AIG subsidiary, "Coverage is provided by New Hampshire Insurance Company, an AIG Company."
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This is not a deal if you are with Verizon. $10 auto pay per line falls off if you use a CC which is 25-33% on each of my lines with that anount being taken off pre-tax.
"Not covered: Eligible Cellular Wireless Telephones which have been rented, leased, borrowed or Cellular Wireless Telephones that are
received as part of a pre-paid plan". Does that mean all prepaid phones like cricket are not covered?
"Replacement Eligible Cellular Wireless Telephone(s) purchased from anyone other than a cellular service provider's retail or internet store that has the ability to initiate activation with the cellular service provider"
So does that mean if I buy the phone from Apple, but use it on Verizon, I'm not eligible? Technically Apple can initiate activation.
No, Apple would be valid since it interfaces with Verizon/Tmobile/AT&T. What they mean is you can't just buy a phone off of eBay or Amazon.
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.
I was looking at Mastercard's terms and they have the same clause. Both are processed by AIG. I went with Amex because they have a higher limit per claim.
If for some reason you can't/don't want to use a credit card, the Betterment checking debit card also has cell phone insurance.
I also have my phone (and laptop) as an add-on to my homeowner's policy for like $10/year just in case. Had a Macbook Pro I accidentally shattered on a trip replaced with full cash value.
Cool on the betterment....but homeowners? Please tell me that wouldn't count as a claim? Otherwise that would be one of the dumbest things to do
The biggest concern I have about this coverage compared to what I pay a lot to T-mobile for is that it only reimburses the cash cost of fixing the phone, my coverage through T-mobile/Asurion provides AppleCare for the first two years (so I can take it to the Apple Store), then after that Asurion will fix the phone (typically by providing a remanufactured phone).
"Replacement Eligible Cellular Wireless Telephone(s) purchased from anyone other than a cellular service provider's retail or internet store that has the ability to initiate activation with the cellular service provider"
So does that mean if I buy the phone from Apple, but use it on Verizon, I'm not eligible? Technically Apple can initiate activation.
I've read through the policy in detail, and I'm a very confused on which phones are covered. I have two current phones that were purchased from eBay/Craiglist on my T-Mobile postpaid account that I pay with my AMEX. Are these covered?
What does "replacement" mean? Is it replaced phones in the event of a claim? Is it also phones that I replace on my T-Mobile plan going forward?
Cool on the betterment....but homeowners? Please tell me that wouldn't count as a claim? Otherwise that would be one of the dumbest things to do
First no, in many or most cases it is NOT covered except as part of a larger claim - Fire and other belongings damaged etc.... But you also did not think through the deductible that would need to be paid. For most people that is easily $1000 and up per occurrence.
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You must charge your monthly Eligible Cellular Wireless Telephone bill to your Eligible Card Account. You are eligible for coverage the first day of the calendar month following the payment of your Eligible Cellular Wireless Telephone bill using your Eligible Card Account. If you pay an Eligible Cellular Wireless Telephone bill with your Eligible Card Account and fail to pay a subsequent bill using your Eligible Card Account in a particular month, your coverage period changes as follows:
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received as part of a pre-paid plan". Does that mean all prepaid phones like cricket are not covered?
Cricket doesnt take amex i just tried yesterday.
"Replacement Eligible Cellular Wireless Telephone(s) purchased from anyone other than a cellular service provider's retail or internet store that has the ability to initiate activation with the cellular service provider"
So does that mean if I buy the phone from Apple, but use it on Verizon, I'm not eligible? Technically Apple can initiate activation.
No, Apple would be valid since it interfaces with Verizon/Tmobile/AT&T. What they mean is you can't just buy a phone off of eBay or Amazon.
https://www.mastercard.
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I also have my phone (and laptop) as an add-on to my homeowner's policy for like $10/year just in case. Had a Macbook Pro I accidentally shattered on a trip replaced with full cash value.
Cool on the betterment....but homeowners? Please tell me that wouldn't count as a claim? Otherwise that would be one of the dumbest things to do
It does not, at least for mine. It's a policy add on for a reason lol.
"Replacement Eligible Cellular Wireless Telephone(s) purchased from anyone other than a cellular service provider's retail or internet store that has the ability to initiate activation with the cellular service provider"
So does that mean if I buy the phone from Apple, but use it on Verizon, I'm not eligible? Technically Apple can initiate activation.
What does "replacement" mean? Is it replaced phones in the event of a claim? Is it also phones that I replace on my T-Mobile plan going forward?
This is all totally unclear to me.
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