What is the Best Credit Card to Buy an iPhone X With?

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The iPhone X is the hottest thing in technology right now. Everyone is scrambling to get their hands on it, despite the hefty price tag. I’m not quite willing to spend the same amount on my phone as I did on my laptop. Chances are I’ll skip the next few iPhones, but I’m still curious about the best way to  pay for the iPhone X. I’m sure a lot of you are as well. So I’ve rounded up the best credit cards to buy an iPhone X with, based on points earned and insurance coverage:

Chase Sapphire Reserve. The Chase Sapphire Reserve provides loss, theft, and damage coverage for your iPhone X for up to 120 days from purchase date. Chase provides up to $10,000 in damages per claim, up to $50,000 per calendar year. If you need the maximum coverage, you probably shouldn’t own an iPhone X to gain with…

Chase Ink Business Preferred. The Chase Ink Business Preferred is my first choice of credit card to buy an iPhone X with. Not only are Ultimate Rewards points incredibly valuable, but the 3x bonus categories offer plenty of opportunities to earn tons of points on an iPhone X purchase. Got an old Chase Ink Plus? Then you can rake in 5x points per $1 spent by purchasing your iPhone X at an office supply store. On to purchase protections…

The Chase Ink Business Preferred card is a great option for iPhone X purchases because of its vast number of purchase protections. Cardholders get up to $600 in damage or theft protection for their new phones. Additionally, there is a $100 deductible and a maximum of three claims per 12 months. Hopefully it won’t come to that because you’ll be responsible and get a sleek looking case for your precious piece of technology.

The Platinum Card from American Express. American Express is renowned for their purchase protections, and cell phone purchases are no exceptions. American Express Platinum cardholders get up to $10,000 protection per claim against loss, theft, and damage. This benefit is capped at $50,000 per year and is valid for up to 90 days from the date of purchase.

Citi Prestige. Not to be outdone by Chase and American Express, the Citi Prestige card offers the same coverage amount on lost, stolen, or damaged cell phones purchased with this card. Coverage is valid for up to 120 days from the purchase date (90 days for New York residents). Citi’s benefit is superior to that offered by Chase and American Express. How? The coverage is primary, while Chase and American Express’ is secondary. Meaning the coverage kicks in after any other insurance (i.e. homeowner, rental insurance) is exhausted.

So which of these cards would I recommend for iPhone X purchases? If secondary coverage is a concern, I would go with the Citi Prestige card. But I don’t have any kind of insurance that would cover a lost, stolen, or damaged cell phone so secondary coverage isn’t really an issue for me. So I would probably go with the Sapphire Reserve since it’s good for 120 days and Ultimate Rewards are such a valuable currency.

I’d like your thoughts: Which credit card would you use for an iPhone X purchase?

Ariana Arghandewal
Ariana Arghandewal is a travel hacker and travel rewards expert who earns over 1.5 million miles every year. When she’s not contributing to Frugal Travel Guy, she publishes her own points and miles blog, PointChaser.com. You can connect…
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Chase Sapphire Preferred® Card

  • Annual Fee: $95 fee waived for the first year
  • Foreign Fees: No
  • Card Type: Bank

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  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption – Kiplinger’s Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards

Breakdown

Earn (pt.)

Spend


First 3 months

50,000

$4,000


Travel Purchases

2.00

$1


Restaurants Purchases

2.00

$1


Coffee Shops Purchases

2.00

$1


Fast Food Purchases

2.00

$1


Alcohol & Bars Purchases

2.00

$1


All Purchases

1.00

$1


Chase Sapphire Preferred® Card

  • Annual Fee: $95 fee waived for the first year
  • Foreign Fees: No
  • Card Type: Bank
FTG Review Reward Breakdown Points Breakdown
  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption – Kiplinger’s Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards

Breakdown

Earn (pt.)

Spend


First 3 months

50,000

$4,000


Travel Purchases

2.00

$1


Restaurants Purchases

2.00

$1


Coffee Shops Purchases

2.00

$1


Fast Food Purchases

2.00

$1


Alcohol & Bars Purchases

2.00

$1


All Purchases

1.00

$1


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