American Express added a new cell phone protection benefit on their premium cards which begins on April 1, 2021. If you’ve been using your card to pay your cell phone bill and your phone gets stolen or damaged (including screen damage), AmEx will reimburse the repair or replacement costs of up to $800 per claim. Limit two claims per 12-month period. $50 deductible on each claim.
The following cards are eligible:
- AmEx Platinum cards consumer and business versions (including Schwab, Morgan Stanley, etc. versions)
- Platinum Delta SkyMiles cards consumer and business versions
- Delta Reserve cards consumer and business versions
- Centurion cards consumer and business versions
When comparing it to other cell phone credit card benefits, the $800 is higher than the standard $600 limit found on most cards, though lower than the $1,000 Citi Prestige benefit. See Credit Card Cell Phone Insurance Compared – Get $600 In Coverage For Free (hopefully William will add the AmEx benefit to that post soon).
This benefit works especially well on the Delta cards during 2021 since there are separate wireless credits of $15 or $20 on the Delta Platinum and Delta Reserve cards through December, both personal and business versions.