How to Get Free Cellphone Protection

Does your credit card have smartphone coverage?

It's no secret that phones are expensive. In fact, the average cost of a new smartphone is now over $600, according to data from Statista. And if you're someone who tends to drop or damage your phone regularly, the cost of repairs or replacements can really start to add up. That's why many people choose to get cellphone insurance. But you might be able to get complimentary cellphone protection just by using the right credit card.

This benefit is usually buried in the fine print of the cardholder agreement, so many people are unaware of it. But it's worth doing a little digging, as this benefit might save you hundreds if your phone is lost, stolen, or damaged.

Three cards that offer cellphone insurance

If you have a credit card that offers free cellphone insurance, you may be covered without realizing it. Some cards, such as the Citi Prestige Card, offer this benefit automatically. If you're not sure if you're covered, you can ask your credit card issuer or check your card agreement.

If you don't have coverage, take a look at these three credit cards:

• Platinum Card® from American Express
• Citi Prestige Credit Card
• Chase Freedom Flex Credit Card

All of these offer complimentary cellphone protection to cardholders, so if you're in the market for a new card, these could be worth considering.

How to get and use cellphone protection

To take advantage of this benefit, you'll need to charge your monthly cellphone bill to your credit card that offers the service. This will usually automatically enroll you in the insurance program and provide coverage. But be sure to read the terms and conditions of the policy so you know what is and isn't covered and how the process works.

Once a cardholder has coverage in place, they can file a claim with their card issuer for reimbursement of the cost of repairs or replacement if something happens to their phone, up to the limit of their coverage. Note that the cardholder may need to pay a deductible before coverage kicks in.

A cellphone protection policy can provide peace of mind in case your phone is lost, stolen, or damaged. If you're looking for ways to save money on phone repairs and replacements, getting complimentary insurance through these three credit cards could be a great option.