June 16, 2024

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Chase Ink Business Preferred Cell Phone Protection: Increased to $3,000

Chase Ink Business Preferred Cell Phone Protection: Increased to ,000

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  • The Ink Business Preferred® Credit Card comes with cell phone protection when you pay your bill with the card.
  • It has increased its coverage to up to $1,000 per claim, up to three times per 12-month period.
  • Previously, the coverage limit was up to $600 per claim with the same deductible.
  • Read Insider’s guide to the best small-business credit cards.

Paying your wireless bill with a credit card that offers cell phone protection is a great way to save money on expensive insurance premiums (not to mention costly repairs). A number of personal and small-business cards offer this benefit, and now, one of the top cards with cell phone protection has increased its coverage limits.

Until now, the Ink Business Preferred® Credit Card offered up to $600 in coverage per claim with a $100 deductible, up to three times per year. It has now boosted its coverage to up to $1,000 per claim with a $100 deductible, up to three times per 12-month period.

Read more: 5 ways to use 100,000 Chase Ultimate Rewards points from the Ink Business Preferred credit card

This brings the card’s cell phone protection in line with the recently announced Ink Business Premier Card
, which offers the same benefit of up to $3,000 in coverage annually. 

Here’s what to know about the Ink Business Preferred® Credit Card’s cell phone protection.

Chase Ink Business Preferred cell phone protection increased

Regular APR

15.99{067fe502a31e650c5185733df64156900ec267ebfd90cbebf0b3fe89b5b413d8}–20.99{067fe502a31e650c5185733df64156900ec267ebfd90cbebf0b3fe89b5b413d8} variable APR

Credit Score

Good to Excellent

Featured Reward

100,000 points after spending $15,000 on purchases in the first 3 months from account opening

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details

  • Pros
    • High sign-up bonus
    • Offers 3x bonus points on several spending categories, including travel and advertising purchases
    • Includes comprehensive travel coverage
    Cons
    • Welcome bonus has a very high minimum spending requirement
    • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
    • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
    • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
    • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
    • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
    • Points are worth 25{067fe502a31e650c5185733df64156900ec267ebfd90cbebf0b3fe89b5b413d8} more when you redeem for travel through Chase Ultimate Rewards®
    • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

    Read Our Review
    Read Our Review A looong arrow, pointing right

    You must pay your monthly wireless bill in full with the Ink Business Preferred® Credit Card to qualify for cell phone coverage — but in doing so, you’ll have protection for the primary line and any additional employee lines on your account.

    Cardholders are eligible for the benefit starting from the day following your wireless payment and it remains in effect until the last day of the calendar month following the payment. The benefit includes cell phone damage, theft, and “involuntary and accidental parting” (unintended separation in which the phone’s location is known but recovery is impractical to complete) — but keep in mind lost phones are not covered.

    In addition, this protection is secondary to any cellular wireless telephone insurance programs, homeowner’s, renter’s, automobile, or employer’s insurance policies — so if you have coverage through another policy, you’ll have to file a claim through it first.

    Featured credit cards from our partners

    Featured Reward

    60,000 points

    Credit Needed

    Good to Excellent

    Featured Reward

    3 free nights (each valued up to 50,000 points) after qualifying purchases and 10x total points on eligible purchases in select categories

    Credit Needed

    Good to Excellent

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening

    Credit Needed

    Good to Excellent

    How to file an Ink Business Preferred cell phone protection claim

    Chase allows you to submit cell phone protection claims online on its card benefits website. You’ll need to file your claim within 60 days of the damage, loss, or accidental parting, and complete the claim with all the requested documentation within 90 days from the date of the incident.

    Here are the documents you’ll need to file the claim:

    • Your credit card statement showing you paid your entire phone bill with the card 
    • A copy of your current cell phone service provider’s billing statement
    • A copy of the original phone purchase receipt or proof that the phone is currently linked to your wireless account
    • A copy of the insurance claim to your homeowner’s, renter’s, auto, or wireless company insurance (if applicable)
    • If a claim is due to damage, a copy of the repair estimate and/or photos of the damage
    • If the claim is due to theft, a copy of the police report (usually filed within 48 hours of the incident)

    I pay my wireless bill with the Ink Business Preferred® Credit Card and have filed two claims for broken screens in recent years. Once you have your documents together, the process is relatively straightforward. Chase mailed me a check for the claim amount, minus a $100 deductible, within a couple of weeks of my claim being approved.

    If you don’t have an Ink Business Preferred® Credit Card, it’s a good time to apply because it’s currently offering a welcome bonus of 100,000 points after spending $15,000 on purchases in the first 3 months from account opening. It’s also a great choice for paying cell phone bills, because it earns 3x points on phone, internet, cable, travel, shipping, and search engine or social media advertising purchases (up to $150,000 per year in combined purchases, then 1x).

    The savings I get each year by not having to pay for separate cell phone insurance more than justifies the card’s $95 annual fee. Here’s our full Ink Business Preferred card review for all the details.

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