Amex Cell Phone Protection Plan | $1600 Annual Insurance For Your iPhone

American Express added cell phone protection to 12 of their premium cards, including the Amex Platinum card. The Amex cell phone protection covers any phone on your cell phone plan that you charge to the card. Benefits, starting 1 April 2021, include:

How does the Amex cell phone protection plan work?

• If your phone gets stolen or damaged, including a cracked screen, you can be reimbursed for the repair or replacement costs (lost phones are not covered)
• The coverage is good for up to two approved claims per 12 month period, up to $800 per claim, or $1600 total
• $50 deductible per claim
• The cell phone claimed needs to be listed on the wireless bill you pay with the Amex card

The Platinum Card^® from American Express
Learn how to apply on our partner's secure site

• $695 annual fee. Reduced to $0 with American Express special military protections
• You may be eligible for as high as 175,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you're approved and find out your exact welcome offer amount – all with no credit score impact. If you're approved and choose to accept the Card, your score may be impacted.
• Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel® up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel®.
• $200 Annual Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts^® or The Hotel Collection bookings through American Express Travel using your Platinum Card^®. Note that The Hotel Collection requires a minimum two-night stay
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month when you pay for eligible purchases with the Platinum Card^® at your choice of one or more of the following providers: Disney+, a Disney+ Bundle, ESPN+, Hulu, Peacock, The New York Times, and The Wall Street Journal. Enrollment required.
• $200 Uber Cash: Platinum Card® Members can get $15 in Uber Cash each month, plus a bonus $20 in December after adding their Card to their Uber account. Use your Uber Cash on rides and orders in the U.S. when you select an Amex Card for your transaction. Enrollment required.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to your Platinum Card® Account. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
• $199 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. Receive up to $199 in statement credits per calendar year after you pay for your CLEAR Plus Membership (subject to auto-renewal) with the Platinum Card®.
• This is a MAJOR time saver–$120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA PreCheck® official enrollment provider) application fee, when charged to your Platinum Card®! Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
• Lounge life! Enjoy the benefits of the Global Lounge Collection, with over $500 of annual value if you visit Centurion Lounges and each of our partner lounges including Delta Sky Club® lounges when flying an eligible Delta flight (subject to visit limitations), select Lufthansa lounges when flying Lufthansa, Plaza Premium lounges and Escape Lounges, and enroll in Priority Pass Select. See terms.
• A Walmart+ membership can get you free shipping with no order minimum on eligible items shipped by Walmart. Use your Platinum Card® to pay for a monthly Walmart+ membership (subject to auto-renewal) and receive one statement credit for up to $12.95 (plus applicable taxes. Plus Ups not eligible) each month. Free Shipping excludes most Marketplace items, freight & certain location surcharges. Paramount+ Essential plan only, separate registration required.
• Up to $100 annual Saks Fifth Avenue credit, enrollment required
• Global Dining Access by Resy gets you access premium dining experiences. Receive Priority Notify and unlock insider access to some of the world's most sought-after restaurants with Global Dining Access by Resy. Download the Resy iOS app or log into Resy.com and add your Platinum Card® to your Resy profile to take advantage of your special benefits and discover restaurants near you.
• No foreign transaction fees
• Enrollment is required for select benefits
• The Platinum Card^® from American Express – learn how to apply
• Read my full review of the Amex Platinum card for military, terms apply

Which Amex cards have cell phone insurance?

American Express added the new cell phone insurance benefits to these cards:

• Platinum Card from American Express (no annual fee for military)
• Business Platinum Card from American Express
• Delta SkyMiles Reserve American Express Card (no annual fee for military)
• Delta SkyMiles Platinum American Express Card (no annual fee for military)
• Business Centurion Card from American Express
• Centurion Card from American Express
• Delta SkyMiles Platinum Business American Express Card
• Delta SkyMiles Reserve Business American Express Card
• The American Express Platinum Card for Charles Schwab
• The Platinum Card Exclusively for Morgan Stanley
• The Platinum Card Exclusively for Goldman Sachs
• The Platinum Card from American Express for Ameriprise Financial

Which credit card should you use for cell phone protection?

Personally I am probably going to switch my cell phone plan to the Amex Platinum card. While this card only gives you 1x points on cell phone purchases, the coverage of $1600 seems to be worth it.

If you don't break your phone very often, then it might make more sense to leave your cell phone on another card, like the Chase Ink Business Cash. This Chase card offers 5x points on cell phone spending and pays out as Ultimate Reward points, so you can really earn 7.5 cents per dollar spent, depending on how much you value Chase UR points.

Amex Cell Phone Insurance FAQ