How Do Credit Card Insure Cell Phone Protection

With high-end models of the latest smartphones costing more than INR 50,000, repairing a damaged phone can burn a hole in your pocket. But wouldn't it be a dream come true if you didn't have to worry about smartphone repair costs?

Well, with Credit Card Phone Protection, this is no longer a dream. AU Small Finance Bank offers complimentary Credit Card Device Protection plan for smartphones, tablets, and a range of white goods to make your shopping experience more rewarding. Check out what is complimentary Credit Card Insurance benefit, how it works, and more.

The Credit Card market is flooded with options. But some cards come with complimentary insurance benefits to stand apart from the crowd. In these, the cardholders don't have to pay additional charges for these built-in insurance plans, making it a hassle-free and cost-effective method to enjoy insurance protection. 

You can find Credit Cards that come with insurance plans, like Device Protection, Accidental Insurance, Purchase Protection, Travel Insurance, Rental Car Insurance, Credit Insurance, etc.

The critical role our devices, like smartphones, play in our lives calls for additional security measures to protect them. Credit Cards with Cell Phone Protection safeguards the device purchased with the Credit Card against damages.

If the registered device is damaged, the cardholder can file a claim and get it repaired by the insurer’s Authorized Service Center. But like other insurance products, there is generally a deadline within which the claim should be filed after the damage. Moreover, the transaction value or the cost of the device should be above a certain limit to be eligible for this insurance benefit.

The coverage offered by Credit Card Device Protection Plan varies between Credit Cards. For instance, with AU Credit Cards, you get Complimentary Screen Damage Protection for your smartphone or tablet for the 1^st year. But note that the insurance benefit is only available if the smartphone/tablet is purchased with an AU Credit Card.

Besides smartphones and tablets, the insurance also covers other white goods, like Laptops, Air Purifiers, Air Conditioners, Dishwashers, Televisions, Refrigerators, etc., purchased with an AU Credit Card. For such goods, you get a complimentary 1-year extended warranty.

Credit Cards that offer Phone Protection generally do not cover-

• Damages caused to phone accessories
• Liquid or accidental damage
• Damages covered under the manufacturer’s warranty
• Lost or stolen phones
• Devices purchased for professional or commercial use or resale

But as every Device Protection Plan is different, ensure you closely go through the terms and conditions of the plan to understand the available coverage better.

Here are some of the factors you should keep in mind while opting for Credit Cards offering Cell Phone Protection-

• Annual fee of the Credit Card
• Other features and benefits of the Credit Card
• Total claims you’re allowed to file in the insurance tenure
• The total duration of the protection plan
• Deductible or out-of-pocket expenses for repairing the device
• Whether or not the device can be repaired by your own engineer or only at the insurer’s service centre
• Device registration and claim filing process

All the feature-packed AU Credit Cards, including AU Zenith Credit Card, AU Vetta Credit Card, AU Altura Credit Card, AU Altura Plus Credit Card and AU LIT Credit Card come with a complimentary Device Protection Plan.

Once you purchase a cell phone or any other electronic device, you need to complete registration for Device Protection within 5 days from the date of transaction. The minimum value should be INR 7,000. The device should be in the name of the primary cardholder or in the name of close relatives.

Purchase from a wide range of devices and white goods with your AU Credit Card and take advantage of the Credit Card Device Protection Plan.

Click here to learn more about our Device Protection Plan and register your device online to benefit from this complimentary offering.