Credit Cards with Mobile Phone Insurance

Ranked by estimated first-year value after fees. Uses each offer's best redemption, assumes the bonus is earned and the balance is paid in full.

1. The American Express Platinum Card Referral Offer

American Express points

$1,450 annual fee

Referral offerHow referrals work

Offer

225,000 American Express points

Smartphone Screen Cover insures breakage of the front screen following accidental drop or impact, up to $500 per smartphone, for two eligible claims per 365-day period (10% repair-cost excess); requires the smartphone bought outright or 3 months of data plan paid on the Card.

Spend $5,000 in 90 days (~$1,667/mo)

Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback offsets the $1450 fee.

Estimated value after fees $1,408

Velocity flights

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2. Westpac Altitude Velocity Black (Existing customers)

Velocity points

$295 annual fee

Existing customers onlyCan I become an existing customer?

Offer

90,000 Velocity points

No standalone mobile phone insurance; mobile phones are covered only as valuables under the International Travel Insurance luggage section

Spend $6,000 in 90 days (~$2,000/mo)

$200 first year annual fee, $295 thereafter

Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,216

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3. Westpac Altitude Velocity Black

Velocity points

$295 annual fee

Offer

90,000 Velocity points

No standalone mobile phone insurance; mobile phones are covered only as valuables under the International Travel Insurance luggage section

Spend $6,000 in 90 days (~$2,000/mo)

Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,121

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4. MyCard Premier

MyCard points

$300 annual fee

Offer

120,000 MyCard points

Covers accidental damage or theft of an eligible postpaid mobile phone when the preceding month's postpaid bill is paid in full with the card; up to $1,000 per occurrence and $1,650 annual aggregate, $50 excess

Spend $7,000 in 90 days (~$2,333/mo)

Craig's Take

Moderate spend — $78/day for 90 days. Good ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $881

Velocity flights

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5. MyCard Premier Velocity

Velocity points

$300 annual fee

Offer

60,000 Velocity points

Covers accidental damage or theft of an eligible postpaid mobile phone when the preceding month's postpaid bill is paid in full with the card; up to $1,000 per occurrence and $1,650 annual aggregate, $50 excess

Spend $7,000 in 90 days (~$2,333/mo)

Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $852

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6. MyCard Rewards Velocity

Velocity points

$249 annual fee

Offer

60,000 Velocity points

Covers accidental damage or theft of the mobile phone when the prior month's postpaid mobile plan bill is paid in full with the card; up to $1,000 per occurrence, $1,650 annual aggregate, $50 excess

Spend $5,000 in 90 days (~$1,667/mo)

Craig's Take

Moderate spend — $56/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $805

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7. NAB Rewards Platinum Card

NAB points

$195 annual fee

Offer

80,000 NAB points

Complimentary mobile phone insurance

Spend $3,000 in 90 days (~$1,000/mo)

Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $517

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8. NAB Rewards Platinum Card with Velocity

Velocity points

$195 annual fee

Offer

40,000 Velocity points

Complimentary mobile phone insurance covering accidental damage and theft to an eligible mobile phone for NAB Rewards Platinum cardholders; phone must be on a monthly billing plan paid using the eligible NAB card; underwritten by AIG Australia

Spend $4,000 in 90 days (~$1,333/mo)

Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $514

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9. MyCard Rewards

MyCard points

$249 annual fee

Offer

100,000 MyCard points

Covers accidental damage or theft of the mobile phone when the prior month's postpaid mobile plan bill is paid in full with the card; up to $1,000 per occurrence, $1,650 annual aggregate, $50 excess

Spend $5,000 in 90 days (~$1,667/mo)

Craig's Take

Moderate spend — $56/day for 90 days. Good ongoing earn rate.

Estimated value after fees $482

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10.

10. MyCard Premier Qantas

Qantas points

$350 annual fee

Offer

40,000 Qantas points

Covers accidental damage or theft of a postpaid mobile phone when the preceding month's postpaid bill is paid in full with the card; up to $1,000 per occurrence, $1,650 annual aggregate, $50 excess.

Spend $7,000 in 90 days (~$2,333/mo)

Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate.

Estimated value after fees $346

Qantas flights

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11.

11. MONEYME Cashback Rewards

Cashback points

$149 annual fee

Offer

0 Cashback points

Phone protection for damage and theft when the mobile phone bill is paid with the card and paid in full, up to $1,500 per year (maximum $900 per occurrence); underwritten by AIG Australia

Spend $0 in 0 days

Craig's Take

Estimated value after fees $211

Cashback at $3,000/month spend

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12.

12. The American Express Platinum Edge Credit Card

American Express points

$195 annual fee

Offer

0 American Express points

Smartphone Screen Cover pays for front screen repairs (up to $500 per smartphone, two claims per 365-day period) when the phone is bought outright or its data plan paid on the card for 3 consecutive months; 10% of repair cost excess

Spend $0 in 0 days

$0 first year annual fee, $195 thereafter

Craig's Take

Average ongoing earn rate. $200 cashback covers the $195 fee.

Value estimate unavailable

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