Reposting as the insurance is also available on Mastercard NFCU cards and it’s significantly better than their Visa offering. The only Mastercard that has a rewards program is GO Rewards (1x point on these purchases).
Navy Federal Credit Union has added cell phone insurance coverage on their Visa & Mastercard cards. You need to pay your monthly cell phone bill using an eligible Navy Federal Visa Credit Card to be eligible. Coverage varies depending on whether your card is a Visa or Mastercard.
Visa Insurance
- Protection for up to three phones owned by the cardholder
- Reimbursement of up to $250 per claim for damages or theft (up to $500 per year)
- $50 deductible per incident
- More information regarding the benefit here.
Mastercard Insurance
- Protection for up to three phones owned by the cardholder
- Reimbursement of up to $600 per claim for damages or theft (up to $1,000 per year)
- $50 deductible per incident
- More information regarding the benefit here.
Cell phone insurance is becoming a popular card member benefit. Chase, Wells Fargo, FNBO & U.S. Bank all offer it in some capacity. You can read our post comparing the different policies here. I will add this new policy to that post shortly. If anybody has any additional information (e.g exclusions, how to claim etc) that would be appreciated.
Hat tip to readers Trant3 & @telewatcr
