Are you looking for a credit card that offers mobile device insurance in Canada? The best mobile phone insurance is, without a doubt, the one that meets your needs and has a monthly fee that fits in your pocket. However, we know that this answer doesn’t help much when making a decision, does it?
With so many card options available on the market, it is sometimes difficult to even know where to start. But you don’t have to worry so much about it. Here are some of the best credit cards that offer mobile device insurance in Canada. Check it out.
1. The Scotiabank Momentum Visa Infinite
This is a cash back credit card with mobile device insurance up to $1000. It comes with an annual fee of $120 (waived the first year) and a signup bonus worth $350.
As a cardholder, you 10% revved earn rate for the first three months on purchases up to $2,000 in value. After that, you can get 4% cash back on grocery and recurring expenses, 2% on gas and public transportation, and 1% on everything else.
The mobile device coverage begins 30 days after your purchase.
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2. Tangerine World Mastercard
The Tangerine World Mastercard is an upgrade to the Tangerine Money Back credit card because it offers mobile devices and rental car insurance. In addition, many people admire the Tangerine World Mastercard because of its 2% cash back in three spending categories. And 0.5% on every other purchase. Currently, the card has a welcome bonus of $250 when you spend $5,000 in the first three months. The good news is that all these exciting card benefits come with no annual fee.
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3. American Express Cobalt Card
This card is one of Canada’s best reward credit cards with mobile device insurance. The Amex Cobalt card offers $1,000 in mobile device coverage as with all other cards.
As for rewards, you’ll be earning exciting rewards on your every spending detailed as follows:
- 5 points for every dollar spent on groceries and dining.
- 3 points for every dollar spent on streaming services
- 2 points for every dollar spent on gas, transit, and travel. And 1 point for every other purchase
The card comes with an annual fee of $155.88, but you will be charged $12.99 every month to make up for the yearly fee.
4. CIBC Aventura Visa Infinite Card
The CIBC Aventura Visa Infinite card offers up to $1,000 in mobile device insurance. And your device is protected for 91 days from the date of purchase. Surprisingly, the annual fee for this credit card is only $120. It’s good to know that the annual fee is waived for the first year. So, you can test the card for free and see if it fits your lifestyle. With this card, you can earn 2 points for each dollar spent on travel and 1.5 points for every dollar spent on gas, groceries, and medicine shops. In addition, you will receive 1 Aventura Point for every $1 spent on all other purchases. The card also comes with many benefits, including access to more than 1,300 airport lounges.
How can I file a mobile device insurance claim?
To file a claim for your cell phone insurance, you must first obtain approval from your credit card issuer.
You should also keep in mind that you only have a few days to file a claim after the occurrence. So making a claim immediately after the incidents occur is crucial to receive reimbursement.
It’s important to note that you should not attempt to repair the phone before filing the claim.
In conclusion
A credit card with mobile device insurance is a good idea to receive compensation if your phone is stolen, misplaced or damaged.
However, always try to find out the card’s terms and conditions to trigger smartphone insurance and file a claim. Some procedures are common to all of them, such as requesting documentation (incident report, for example). However, there may be some peculiarities. That’s where you need to pay close attention.