Ink Business Preferred Card – Cell Phone Protection Benefits [2025]

We all know how expensive smartphones can be, so when yours is lost, damaged, or stolen, chances are you’ll face both inconvenience and cost to fix or replace it. Fortunately, some credit card companies offer cell phone protection as a card benefit.

While several credit cards offer cell phone protection, we’re focusing today on the coverage offered by one of the most popular Chase business credit cards, the Ink Business Preferred^® Credit Card.

We’ll cover everything you need to know about the coverage, including how it works, what’s covered and not covered, and how to submit a claim. You’ll find value in knowing more about the Ink Business Preferred card’s cell phone protection.

Card Overview

Ink Business Preferred^® Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Ink Business Preferred^® Credit Card

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Welcome Offer

Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.

90,000 points

UP's Offer Valuation*:

$1,800

Annual Fee

$95

APR

20.24% - 26.24% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Ink Business Preferred^® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.

Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.

Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.

Pros & Cons

Pros

• 3x Ultimate Rewards points per $1 on up to $150,000 in combined purchases on internet, cable and phone services, shipping expenses, travel, and ads purchased with search engines or social media sites
• Cell phone protection
• Purchase protection

Cons

• No elite travel benefits like airport lounge access

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Card Highlights

• Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening
• Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
• Round-the-clock monitoring for unusual credit card purchases
• With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
• Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
• Points are worth more when you redeem for travel through Chase Travel^SM
• Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
• Member FDIC

Financial Snapshot

• APR: 20.24% - 26.24% Variable
• Foreign Transaction Fees: $0

Rewards Center

Chase Ultimate Rewards

We like the Ink Business Preferred card for its powerful Ultimate Rewards points earning ability on typical business purchases.

• 3x points on travel, internet, cable and phone services, advertising on social media and search engines, and shipping (limit of $150,000 in purchases per card anniversary year)
• 1x points on all other purchases

In addition to elevated earnings on business purchases, your accumulated Ultimate Rewards points can be redeemed for travel via the Chase travel portal, used as statement credits, or transferred to the Chase transfer partners for potentially greater value.

Note that you’ll receive 3x points when paying for your cell phone bill with your Ink Business Preferred card. This is a huge positive as paying your cell phone bill with your card is one of the requirements that activates the card’s cell phone protection coverage.

Let’s look closer at how this complimentary protection works.

Why We Like This Card for Cell Phone Protection

What’s Covered

Coverage begins the day following the date you pay for your monthly cell phone bill with your eligible card. There is no requirement that the phone has to be purchased with an eligible card.

You can expect to receive coverage for these types of losses:

• “Involuntary and accidental parting” of your cell phone
• Theft of your cell phone (a police report is required)
• Accidental damage

Involuntary and accidental parting of your cell phone means that an unintended event caused separation from your cell phone. The location is known but retrieving it is not practical. An example would be accidentally dropping your phone in a large body of water.

Who’s Covered

When your monthly cell phone bill is paid for in its entirety with your card, your phone and all employee phones listed on the monthly bill will be covered. Family members’ phones are not covered unless the family member is an employee.

There is no limit to how many cell phones can be covered as long as each line is listed on the bill that is paid for with the eligible card.

Coverage Limits

After paying a $100 deductible, you will receive up to $1,000 or the actual current retail price of your phone (whichever is less) for each claim. There is a maximum of 3 claims allowed each 12-month period.

What’s Excluded From Chase’s Cell Pone Protection

You’ll find a complete list of exclusions in your card’s guide to benefits, but here are some examples of when Chase cell phone protection does not apply:

• Cell phone accessories
• Cell phones that were purchased for resale
• Cosmetic damage that does not affect the phone’s functions
• Intentional acts or abuse
• Leased or refurbished phones (new phones purchased on installment are covered)
• Mysterious disappearance
• Phones of employees not listed on the monthly bill or not paid for with the eligible card
• Theft from checked baggage

Bottom Line: The Ink Business Preferred card comes with $1,000 in cell phone protection, has a $100 deductible per claim, and 3 claims are allowed each 12-month period. To receive coverage for stolen or damaged phones, the monthly cell phone bill prior to the loss must be paid for with the card. 

Other Ways To Protection Your Phone With Chase Ink

In addition to the cell phone protection provided with your card, you may have additional, albeit limited coverage, via purchase protection or an extended warranty.

These benefits are provided complimentary with the card:

Purchase Protection

Eligible new purchases made with your Ink Business Preferred card will receive 120 days of protection from the date of purchase. Items are covered for damage, theft, or loss for up to $10,000 per claim, with a maximum of $50,000 per account.

Extended Warranty

The manufacturer’s warranty of 3 years or less will be extended on eligible items for 1 additional year. Coverage limits are $10,000 per item and $50,000 maximum per account.

Hot Tip: If your cell phone has been damaged and you purchased your phone recently, check the credit card you used for the purchase for purchase protection benefits that may apply. 

How To File a Cell Phone Protection Claim

As with any insurance claim, time is of the essence. You’ll need to report the initial claim and subsequently submit the supporting documentation within the required timeframes.

Call or Submit A Claim Online

You can report a claim by calling the number on the back of your card or for faster service, submit an online claim form. You’ll need to have the following information handy:

• Credit card number
• The date you purchased the phone and the date you last paid the cell phone bill with your card
• Product information, description of the phone including make, model, and serial number.

Requirements and Documents You Need

 

Here are some of the requirements and documents the claims administrator may request when you have a claim:

• You must report the incident within 60 days of the occurrence.
• If your phone was stolen, you’ll need a police report filed within 48 hours of the incident.
• You’ll need to submit a copy of your monthly bill showing that the cell phone bill was paid for with your card.
• You may need to obtain an estimate for repairing your phone, if applicable.
• A receipt for the replacement phone, if applicable.
• A copy of your wireless bill.
• Copies of other insurance that may apply.
• Other documents the claims administrator deems necessary.
• You’ll have 90 days from the date of the occurrence to submit the required documents.

If your cell phone is damaged, do not discard the phone until your claim has been processed and closed. The phone may be repaired, replaced, or reimbursed, dependent on the decision of the claims administrator.

The cell phone protection that comes with the card is secondary, which means all other insurance that would apply to the loss would need to be exhausted before coverage would apply.

While submitting documents and waiting for a decision seems logical, it’s always worth following up to make sure your documents were received, and that the claims administrator has everything they need to start processing your claim.

Hot Tip: You can register your cell phone in advance by submitting product information with the purchase date, and billing date, and uploading any receipts. While not required, if you do have a claim, having this information already in your account will expedite the claims process. 

Final Thoughts

While the cell phone protection on the Ink Business Preferred card may not cover the entire cost of a new smartphone, it still offers major savings should your phone become damaged or stolen.

In addition, you’ll receive 3x Ultimate Rewards points for each dollar spent on your monthly cell phone bill when paying with the card. If you own a business that uses several phones, this could be a huge benefit.

The coverage could also save you money if you’re currently paying for third-party cell phone insurance with your cell phone provider.

The Ink Business Preferred card has a lot going for it aside from cell phone protection. This added benefit just delivers additional bottom-line value to your business.

For more information on selecting a business credit card, we have a few helpful suggestions in our article on the topic.