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American Express is adding a new cell phone protection benefit to several of its premium cards starting April 1.
This includes The Platinum Card® from American Express and the Business Platinum Card® from American Express (as well as personal and business Centurion cards) as well as the Delta SkyMiles® Platinum American Express Card, Delta SkyMiles® Platinum Business American Express Card, Delta SkyMiles® Reserve American Express Card, and Delta SkyMiles® Reserve Business American Express Card. Schwab and Morgan Stanley-branded Platinum cards and Goldman Sachs Platinum and Centurion cards qualify as well.
Coverage includes theft and damage – even a cracked screen – and provides for reimbursement of repair or replacement, up to $800 per claim and two claims per 12 month period (with a $50 deductible per claim).
You just need the cell phone line listed on your wireless bill and prior month’s bill charged to the eligible card to qualify for overage.
Copyright: creatista / 123RF Stock Photo
On top of adding trip delay benefits to certain premium cards, it’s great to see Amex building out its ancillary benefits that protect customers – especially when we’ve seen Citibank and then Barclays eliminating protections from their cards. (Frankly I do not see how a bank can issue American Airlines co-brand cards without offering trip delay protection.)
I’m glad to see the addition of cell phone protection to certain American Express products but it won’t change how I charge my monthly bill. For several years I’ve charged mine to the no annual fee Ink Business Cash® Credit Card for the 5x earning (on the first $25,000 spent in combined purchases each account anniversary year) at office supply stores and on internet, cable and phone services.
The Ink Business Cash® Credit Card currently offers $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. Think of that as 75,000 points, which – if you have an Ultimate Rewards card whose points transfer to airline miles and hotel points – can be combined into one of Chase’s annual fee Ultimate Rewards products, and then transferred to a variety of loyalty program partners.