Amex is adding cell phone protection to its premium cards


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If there’s one thing most of us can’t live without, it’s our cell phones. As much as we may have a love-hate relationship with our electronic devices, they are central to our lives and accompany us everywhere. But cell phones are astronomically expensive and extremely fragile – the fear of dropping your phone or having it stolen and losing a good chunk of loose change is real.

Luckily, the number of credit cards that offer cell phone protection has grown in recent years, and now American Express is adding several more to the list. Beginning April 1, 2021, Amex will offer cell phone protection to a dozen of its premium credit cards as a benefit for new and existing card members.

Which American Express cards offer cell phone protection?

American Express’ new cell phone protection is generally limited to cards that come with high annual fees. The most prominent is the issuer’s luxury card, The Platinum Card® from American Express. Cell phone protection will also be included in the various bank-specific versions of the Platinum card available to Charles Schwab, Morgan Stanley and Goldman Sachs customers.

Business owners who hold American Express’s The Business Platinum Card® will also receive the new mobile phone protection benefit, as will cardholders with American Express’ invitation-only Centurion Card – known colloquially as the “Black Card” – and those with the Business Centurion Card.

The issuer’s high-end Delta credit cards will also offer this benefit, including the Delta SkyMiles® Platinum American Express Card and the Delta SkyMiles® Reserve American Express Card, as well as the small business versions of these two cards, the Delta SkyMiles® Platinum Business American Express Card and the Delta SkyMiles® Reserve Business American Express Card.

These cards make up the bulk of American Express’ high-end portfolio of cards, with annual fees starting at $250 or more. But surprisingly missing from the list are the Marriott Bonvoy Brilliant™ American Express® Card and the Hilton Honors American Express Aspire Card. However, both cards come with high annual fees not Currently there are plans to get cell phone protection.

Related: Protect your cell phone from theft or damage with these credit cards.

All information about the Hilton Honors American Express Aspire Card was independently collected by CNN. The Hilton Honors American Express Aspire Card is no longer available through CNN.

What does Amex cell phone protection cover?

This new Amex benefit covers the cost of repairing or replacing your phone if it’s stolen or damaged, including screen damage, which isn’t always covered by cell phone insurance. So if you accidentally drop your phone on the sidewalk, it falls into a pool, or it gets suspiciously lost in a crowded bar, you’re covered. Lost phones aren’t covered, which isn’t uncommon when it comes to credit card cell phone protection.

Covers up to $800 per claim to cover the cost of repairing or replacing your phone with a $50 excess. Card members are entitled to two approved applications per 12 month period. There is no additional charge for this new benefit – you just need to have paid your previous month’s cell phone bill with the appropriate card to be eligible.

Compared to other cards that offer cell phone protection, these amounts and durations are pretty typical. Other cards generally cover between $600 and $1,000 per claim with a deductible of between $25 and $100, so the coverage Amex offers falls roughly in the middle of those ranges.

The only aspect of Amex coverage that sets this new perk apart from most other cell phone protection credit cards is that there is no annual cash cap, just a cap of two claims every 12 months. This means that if you had two incidents that each resulted in a full $800 refund, you could theoretically have up to $1,600 total in claims in one year.

The best Amex credit card for cell phone protection

Although Amex doesn’t offer this new phone protection for all of its credit cards, there are still a decent number of cards that come with coverage. But which one is the best?

If you’re looking for an Amex card that can protect your phone with the lowest possible annual fee, consider the Delta SkyMiles Platinum Amex card. This card charges a hefty $250 annual fee (see Fares and Fees), but offers a range of travel-centric Delta perks, including priority boarding and a free first checked bag when flying Delta, as well as the opportunity to earn Delta elite status to obtain faster.

Related: The best credit cards for Delta fliers.

The Amex Business Platinum card already has many luxury benefits and from April 1st also the new cell phone protection benefit.

You’ll also receive up to $100 in credit to help offset the application fee when you apply for TSA Pre-Check or Global Entry membership. And starting in your second year of card ownership, you’ll receive an annual Companion Certificate, which allows you to fly one companion in Delta’s economy cabin for free (plus taxes and fees) on every domestic round trip flight be able.

On the other hand, if you are a small business owner looking to earn extra points when paying your cell phone bill, the Amex Business Platinum card is your best bet.

Related: Collect bonus points on American Express Platinum and Business Platinum Cards.

Other credit cards that offer phone protection

While it’s great to see American Express adding more benefits to its cards, the eligible cards all have hefty annual fees. Other card issuers offer cellphone protection for cheaper cards, including some options that don’t have an annual fee at all.

There are no annual fees for Chase Freedom Flex, and the cell phone protection benefit is nearly identical to what you’ll find on the Amex cards. When you pay your monthly cell phone bill with the Freedom Flex, your cell phone is insured for up to $800 per claim with a $50 deductible, and two claims are allowed every 12 months.

Related: Spend $500 and earn $200 with the Chase Freedom Flex Credit Card.

But there’s a difference – the Chase Freedom Flex has a total cap of $1,000 in refunds over a 12-month period. So if you have an expensive phone and think you could use the benefit twice a year and get close to the caps, then the additional Amex protection might be worth paying an annual fee for.

Another option for small business owners is the Ink Business Preferred Credit Card, which allows up to three claims every 12 months as part of its phone protection and only has an annual fee of $95. You also earn 3 points per dollar spent across multiple eligible business categories, up to $150,000 in combined purchases per year, and one of those categories is Phone Services.

Related: Earn a 100,000 point bonus on the Ink Business Preferred credit card.

That means your entire mobile bill earns 3x points on the Ink Business Preferred for as long as you have the card. The big difference, however, is that on this card you’re limited to $600 per claim and the deductible is $100. That’s a significantly lower maximum and higher deductible than Amex coverage.

Finally, there is no reason not to have a credit card that offers cell phone protection as it is a great money saver in the event of a cell phone disaster. And with American Express expanding this coverage to a large portion of its premium cards, there will soon be even more ways to ensure you’re not stuck with a huge bill when the worst happens to your favorite electronic device.

click here for all conditions of the new cell phone protection on American Express cards.

Check out the list from CNN Underscored The best credit cards 2021.

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