Our top picks of timely offers from our partners

More details
Novo Business Checking
Learn More
Terms Apply
Thousands of dollars in exclusive perks plus, no hidden fees
Earn more with a high yield savings account
Learn More
Terms Apply
Fed rate hikes can mean higher rates on savings accounts
Rocket Mortgage
Learn More
Terms Apply
Rates could continue to rise - look into refinancing with one of our top picks.
Find the best credit card for you
Learn More
Terms Apply
Looking for a card that offers cash back or travel rewards? Check out our marketplace.
Learn More
Terms Apply
Get paid early with direct deposit and pay no overdraft, transfer, or minimum balance fees
Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. Read more about Select on CNBC and on NBC News, and click here to read our full advertiser disclosure.
Credit Cards

These 12 Amex cards will soon offer cell phone protection for damage or theft

American Express will soon provide eligible card members with cell phone protection, allowing you to be reimbursed for repair or replacement costs.

Getty Images

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

If you’ve dropped your cell phone before, you’re familiar with the rush of adrenaline that occurs when you pick it up to check for damage. After all, the costs to repair a cracked screen or more serious damage can add up. For instance, you'll pay $329 to replace the screen on an iPhone 11 Pro Max that’s out of warranty.

While you can pay for cell phone insurance, you can save money on protection plans by using a credit card that offers cell phone protection at no additional cost.

American Express is launching a new cell phone protection benefit on 12 U.S. consumer and small business cards that can reimburse you for damage or theft of your eligible cell phone. This new benefit will be effective on April 1, 2021 and help you offset repair or replacement costs, subject to terms.

Here’s what you need to know about Amex’s upcoming cell phone protection benefit.

American Express cell phone protection

This launch will mark the first time American Express cards provide cell phone protection.

Here are the 12 eligible cards:

Amex’s cell phone protection plan offers coverage if your cell phone is stolen or damaged, including a cracked screen. You can be reimbursed for the repair or replacement costs for up to two approved claims, with a maximum of $800 per claim or $1,600 per 12-month period. The coverage amounts are generous compared to cards from other issuers that generally offer $600 per claim or $1,200 per 12-month period.

While there is a $50 deductible per approved claim, this is standard since cards from other issuers charge $25, $50 or $100 per claim.

In order to benefit from coverage, your cell phone line must be listed on a wireless bill and the prior month’s wireless bill must be paid with your eligible card.

For more information about the coverage, check out the guide to benefits at americanexpress.com/CPPTerms.

Coming soon

Select Offer of the Week, spotlighting a new financial product that can help you earn, save or spend your money smarter. Sign up now.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Learn More
Terms Apply
FreshBooks accounting software allows you to easily upload receipts (including mileage) and create invoices
FICO® Basic, Advanced and Premier
Learn More
Terms Apply
Up to $1 million identity theft insurance plus, dark web scans for Advanced and Premier plans