Credit Card Cell Phone Insurance - Ensure You're Insured

[@RJFinancial]

Thanks for tuning in! Looking for the Freedom Flex? Checkout everything you need to know here - kzbin.info/www/bejne/sKTEZJV5bJZ1icU

[@NCKyle1980]

Great details. Side note recommendation: If you are like you and some of us other folks, if you do make one successful claim, start paying the cell phone on another card with same protection so ensure if a subsequent claim has to be made you aren't capped. Like for you you've got your Chase but also if you kept your Delta Platinum it has coverage as well, not just the main Platinum. take care, dear sir. Hope you had a super duper day.

[@RJFinancial]

That's a great tip to consider. Many of us here will likely have multiple cards to use. Bouncing back and forth if needed is smart, I did not think of that. Appreciate the tip sir

[@JonathanSorunke]

Great video man! I honestly thought that the only thing you had to do is buy the phone with the card. I never knew that you had to pay your bill with certain cards to get the protection.

[@RJFinancial]

Thank you sir! They don't always make it clear what is required and there are so many different rules depending on what card it is

[@engineerengineer2218]

Rj, another great video.. I was looking at the freedom flex cell phone protection, if the screen crack is less than 2 inches and does not impact the overall functionality if is not covered. The amex platinum states cracked screen is covered. One is a free card and the other is 695 a year. The price difference is almost enough to buy a new cheaper phone.

[@RJFinancial]

Thank you sir, had to do something for iPhone preorder day lol. Ah that's lame, any crack on a glass screen is going to impact usability as its a touch screen! I added the Platinum in because a lot of viewers already have it, so if you do then its one more way to help pay down that $695 tho I don't know how to assign a dollar amount to the coverage. Perhaps up to the individual. I'd lean towards the flex still out of the three. In my experience most screens get the spiderweb type cracks when they drop. So unfortunately it'll probably be big enough to qualify

[@Frank_Rizzo100]

Maybe you should drop it the requisite number of times to make the crack(s) two inches long. Just a thought.

[@joseramosiii4035]

I just learned for Amex Gold they only cover it for the 1st 90 days from purchase. I dropped and damaged my phone after 114 days and AMEX said “sorry can’t help.” Of course I thought I was fine because I bought it with My Amex so I did not get apple care or AT&T’s insurance. So I had to pay apple to fix $279 + tax 😡. Read fine print!! Thanks for great content RJ.

[@RJFinancial]

Was that the Amex purchase protection or cell phone insurance? The purchase protection is 90 days from purchase date. Cell coverage should last as long as your making the phone plan payments with the card. I hear ya tho, they don't always make it clear what is what and the dates are hidden in the terms. I go Apple care myself. Apple repairs on their own are way too high. Here's hoping Right to repair laws fix this!

[@joseramosiii4035]

@@RJFinancial you're right she did call it purchase protection. however she never mentioned cell phone coverage. maybe not offered on the gold. but i just bought the apple care. 🤷🏻‍♂️

[@RJFinancial]

@@joseramosiii4035 I use Apple care as well so not a big deal. Its two separate things that the issuers don't explain well. Amex gives purchase protection for 90 days after the sale date. They also give cell phone protection, for that you have to pay the cell phone bill every month with the card.

[@redbirdsrising]

Yeah, only the platinum and centurion cards have the cell phone protection.

[@redbirdsrising]

This is an awesome benefit. I was struggling with the decision to get the AMEX platinum. But I already pay about 300 a year in apple care fees for my wife's and daughter's phones. That alone would offset almost half the AF.

[@RJFinancial]

Huge win for family plans. I use Apple care as well and I'm honestly waiting for Apple to have to come up with something more competitive to match these growing benefits

[@khalido575]

My Platinum Amex Delta card has the same phone protection as the Amex platinum card you mentioned in your opinions! Thanks for information 🙏🏾

[@RJFinancial]

Delta Platinum is a great keeper card. Awhile back Amex added this benefit to a lot of their premium cards. Helps it stay a keeper, specially if you already have it. Thanks for watching

[@Jason_The_Man]

Just got my 13…. Thank God for the insurance at the prices they are charging.

[@RJFinancial]

Got a 13 pro Friday as well. I can't tell if the screen is actually better or if I've been told so many times 120 herts is sooo much better that now I think I see the difference? lol

[@Jason_The_Man]

@@RJFinancial 😂😂😂😂. Jus tell yourself it is.

[@jeremymoore450]

RJ, First comment Bro. Since I have none of those cards. I have the Verizon phone coverage through Asurion which is actually owned by Allstate now. This insurance is great for a screen repair it's a 30 dollar deductible. I have used this insurance multiple times because my kids drop tablets etc. The big thing about it is if the model isn't made anymore they have to give you a replacement that is the next model up. That happened to my daughter's Ipad mini 4th generation the wifi went bad in it and screen broke. I filed a claim online and because the mini 4th gen wasn't made anymore she got the equivalent model in the 5th generation. 500 bucks saved there. 800 is nice but phones are starting at 1k bucks or more now. So you almost have to carry multiple insurance or put money aside for it. Great Video appreciate it. Some Debit cards come with cell phone insurance now. Like the HSBC world elite Mastercard debit card. Crazy to see it on debit cards. I am sure there are hoops to jump through to use it. Hey you see that the Tomo Credit card is coming out with a Black card with more rewards and other things? It's hard to find info on it but it's out there. What is your next credit card and checking account to open lol? Love the videos man.

[@RJFinancial]

Appreciate the insights. I had Asurion back in the day, Apple care now. Never had a problem with them. Glad they hooked the young lady up with a new iPad. I think if you're a case and screen protector person then the $800 may be good enough. Samsung folding phones are awesome but almost $2k. I do believe the insurance providers will have to up the coverage. Tho I'm guessing it has something to do with what the card issuers are willing to pay for as well. I saw Proud Money had a Tomo vid but haven't watched it yet. I'll see what I can find out about it. I opened a BofA account recently and am waiting on an approval for First Tech CU account. It's been a little slow as of late. Hoping things pick up in Q4. I need one more big push to hit that $10k goal from banks before years end.

[@flubberghosted2472]

Good topic.😊

[@azmannarvik7911]

If I preorder using Amex Gold will it insure me for everything for first 90 days? After that can I pay monthly bills in full using the Chase Flex to be covered?

[@RJFinancial]

Yes, I think the Gold card gives coverage up to $10k for 90 days from the date of purchase. I haven't specifically looked at what Amex covers on purchase protection but they are considered one of the best in the game. After those 90 days you'd need additional insurance like the Flex.

[@azmannarvik7911]

Thanks! 🙏

[@leesmokesss]

So if you had to choose between the Wells Fargo Active Cash cell phone protection vs the Chase Freedom Flex’s protection, I have both & in torn between the two.

[@RJFinancial]

Both lol let me explain. Someone pointed this out to me in the comments. Use the Flex first as I believe it goes up to $800 a claim but it caps at $1k max a year. So if you filed a claim on the Flex that took the full $800, you'd only have $200 for the next claim. In that case you could then start paying the bill with the active cash and now have $600 in insurance which would be better. (knock on wood of course)

[@Gospeed777]

So do I go to a cell phone repair for my green line on my screen and have them fix it then send the bill to Mastercard?

[@RJFinancial]

I think you make a claim with the issuer/provider of the insurance. Part of the claim will be submitting documentation for the repair. You could either submit the quote and wait for approval. Or do the repair anyway because you have to. So it's kinda like other insurances but instead of them sending and adjuster, they just take a repair quote then decided if they'll approve it.

[@callmeNeno]

R J what iPhone you're upgrading this year to? any pre orders? Unfortunately, My Verizon"s Visa signature does not offer insurance phones. I'm stuck. I just get Apple care and call it a day!

[@RJFinancial]

I'm moving from the 12 Pro to the 13 Pro 128GB... Preordered yesterday with all the Apple gift cards I bought on the Flex at grocery stores. In Graphite color way of course. The new blue looks good tho. Are you upgrading to a 13 this year? I also use Apple Care. Load my Apple account with more gift cards and pay for it that way.

[@callmeNeno]

@@RJFinancial I am currently have iPhone 11 256gb Currently have Verizon Visa Signature card and Apple Card I am weighing my options right now . I have Verizon Fios and Wireless PostPaid customer so I get some nice perks having them together. I like the Silver color and blue however I know the majority of people going for that blue, so it’s going to played out soon .

[@callmeNeno]

@@RJFinancial I am thinking of holding off and get when I apply for my first Chase card when I am under 5/24 so I can meet the minimum spend. I want to be strategic about things . I am looking at Chase Sapphire Preferred as my first Chase Card what you think?

[@RJFinancial]

@@callmeNeno I like the CSP after the refresh, perhaps even more than the CSR now. We live in a weird time where it's hard to go wrong honestly. I'd say take the highest offer you can get (CSP 100K) to lock in that value. Tho, if you wanted the Flex/Unlimited with the grocery multiple for year one, I also would not be mad.

[@callmeNeno]

@@RJFinancial thank you sir always appreciate your expertise. Have an amazing weekend!!!

[@ciscoa4932]

Just got the freedom flex, currently waiting on it in the mail, wondering if I should cancel my T-Mobile insurance on my iPhone 12 Pro and just start paying my phone bill with the freedom flex and use their phone insurance. Would save me an extra $20 a month. What do you think RJ?

[@RJFinancial]

What type of coverage does T Mobile offer for the money? If you don't often break phones and use a case then I'd say you'll be good with the chase insurance.

[@heprovides5604]

Great content RJ

[@Jason_The_Man]

Great topic.

[@RJFinancial]

Thank you sir, have to do something for iPhone preorder day¡

[@alexpcrepairs]

I have US Bank Visa Rewards with Cell Phone coverage when paying your phone bill with this card. How exactly does coverage work with CC's? Do you send in the phone to them or you get reimbursed for the repair costs up to their coverage limits? Thanks

[@RJFinancial]

Usually the coverage is thru a third party the card issuer partners with. Typical process is to file a claim with that insurance vendor. Usually need documentation of ownership of the phone, the bill being paid, and a price quote for repair. I think if it's approved you'll get reimburse as a credit to the card.

[@ghassanbaqir6163]

I made 19 payments for T mobile cellphone protection till now. I am paying T mobile bill with navy federal cash rewards mastercard (which is world)which covers up to 600 per incident. I have flex card but it’s regular master with just 1500 limit, does it have protection feature? and do you think it’s a good idea if I stop paying for T mobile (after making 19 payments) and depend just on Flex card in case it covers?

[@RJFinancial]

Freedom Flex does have the cell phone insurance. It gives you $800 a claim, with a max of $1k a year and a $50 deductible per claim. I'd say go Flex due to the extra $200 in coverage.

[@ghassanbaqir6163]

@@RJFinancial Thank you, my flex isn’t Master world, does it cover?

[@RJFinancial]

@@ghassanbaqir6163 Yep, it still works. If you check the chase page for the CFF cell phone protection will be one of perks under coverage i think

[@ghassanbaqir6163]

@@RJFinancial Thank you for the responses

[@kylecarvalho3623]

So... if its lost youre screwed w any CC cell phone protection insurance policy...correct?

[@RJFinancial]

Pretty much. There's no documentation for a lost device so they tend to not accept it.

[@kylecarvalho3623]

@@RJFinancial I can't find anyone's testimony of if their claim is accepted if a police report is filed. Have u?

[@RJFinancial]

@@kylecarvalho3623 Can you file a police report for a lost item? The only reason the carrier requires the police report is to hide behind it being unlawful to file a false one. They're never looking for your phone either way, so kinda up to you

[@kylecarvalho3623]

@RJFinancial I understand what you're saying but what I'm asking is have you ever heard of any claim being approved if it was stolen w a police report? I haven't seen any testimonies of them covering theft w a police report.

[@RJFinancial]

@@kylecarvalho3623 I have not. Primary use cases are for breakage that I've seen.

[@martinyang9341]

Do I need to repair my phone in assigned repair center? I broke my phone and repaired it already. Then I notice I should fill a claim. Can I still get paid?

[@RJFinancial]

For most coverages they don't specify the repair center that you have to use. You should be able to get paid. They'll need the invoice and other documents. I don't think it's as serious as say a homeowners claim where the process requires an adjuster come out first and all that silliness

[@martinyang9341]

@@RJFinancial My protection requires photo of damaged phone. However, I have already repaired it.... Will that make the process harder...

[@8ballMarcucilli]

Can you drop insurance with your carrier by having the Freedom Flex card ?

[@RJFinancial]

Unless there's a specific requirement thru the carrier about having their insurance, I'd say so. I buy my phones outright so I don't remember the lease agreement rules on if you have to have insurance. They'd make us pay no matter what so I'd guess not mandatory but strongly recommended by the carrier.

[@ciscoa4932]

Was thinking of doing this with my iPhone 12 Pro with T-Mobile . I pay $20 for cell insurance . Was wondering if I should drop it , save $20 and start paying my cell phone bill with the freedom flex .

[@Thatdude-tp7xs]

​@@ciscoa4932what you do eventually