I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
Credit cards are big business. So figuring out how to deliver benefits most relevant to potentially high value consumers is big business too.
People usually forget about their credit card benefits beyond the most obvious ones — rewards, priority boarding, lounge access.
But when flights cancel I don’t worry about getting the airline to put me in a hotel, one I probably wouldn’t want to stay in anyway, I’ve had great success just sending the bill to my credit card. And I’ve sent the bill to repair the cracked screen on my phone to my Chase Sapphire Preferred Card as well. It was a new phone and I was stupid.
After those precious first few months though you’re either on your own or you’re paying for overpriced insurance with high deductibles from your cell phone provider. And the costs of a damaged phone add up. Here are average iPhone repair prices.
You can shift this risk onto your credit card provider too. Here’s the cell phone protection benefit that comes from paying your bill with the Ink Business Preferred℠ Credit Card (and by the way you earn 3 points per dollar paying your cell phone with the card, too):
Get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred credit card. Maximum of 3 claims in a 12 month period with a $100 deductible per claim.
Credit: Tyler Love via Wikimedia Commons
Here’s the benefit that comes with the new Uber Visa: “stolen and damaged cell phones as well as involuntary and accidental parting of your cell phone.” The coverage is secondary to other insurance you may have and will provide up to $600 in coverage after a $25 deductible. There’s a maximum of 2 claims and $1200 in reimbursements per 12 months.
It pays to be strategic about the card you use to pay your cell phone bill, just like you’re strategic about which card to use to pay for airline tickets for both best protection and best rewards, and like you’re strategic about which card to use dining out.