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Understanding Mobile Device Insurance by Canadian Credit Cards
Mobile devices are important gadgets that are very crucial in our daily lives as we work, interact, and entertain ourselves. Smartphones, tablets, and any other portable device are something people utilize daily, but they are also something that costs a pretty penny, which is why people take good care of them. Fortunately, many credit cards in Canada offer this as a benefit, and they offer protection to the cardholder in the case of loss, theft, or damage to the mobile device. In this article, we will learn about mobile device insurance, how it works, and the list of Canadian credit cards that have this feature.
BMO Eclipse Visa Infinite Card
The BMO Eclipse Visa Infinite Card* is for those who want to earn the most rewards on their daily spending, as well as insurance privileges and other privileges. There is a lot in this card that targets regular diners, those who travel frequently, and those who need more value from their credit card.
Features and Benefits
Welcome Offer
At the moment of sign-up, new cardholders can receive 60,000 points, which is equivalent to $400 worth of travel rewards and $50 in the anniversary lifestyle credit. Remember this card offers $120 annual fee for the first year free—all of this means you can achieve a value of up to $570 by your first year with the card.
$50 Anniversary Lifestyle Credit
Cardholders are offered a $50 lifestyle credit, which can be spent in any way they desire and see fit. From dining to streaming services to shopping, this kind of credit provides additional utility to this card.
Mobile Device Insurance
Keep your costly gizmos safe with mobile insurance coverage of up to $1000. In the event your device gets lost, damaged or stolen, you can be assured of its replacement so long as you buy the device with your BMO Eclipse Visa Infinite* Card.
BMO Rewards Points
- Gain 5X BMO Rewards points on all purchases in most of the spending categories such as grocery, restaurants both inside and outside the home, gas station, and transit. These boosters assist you earn points rapidly when purchasing your vital essentials.
- 1 BMO Reward point is earned for every $1 spent on all other purchases so that you at least get something in return.
- You get an additional 10% more points if you enroll an authorized user through your account, which enables you to earn more points.
Who should get this card?
This card is especially a great fit for those who intend to earn the most on spending on eating out, groceries, petrol, and transportation, as well as receive first-rate insurance protection and access to various perks and privileges.
CIBC Aventura® Visa Infinite Card
The CIBC Aventura® Visa Infinite Card* is a solid reward card for individuals who like to enjoy the options and flexibility of cash back, valuable insurance, and other additional bonuses that can improve purchasing and traveling. If the opportunity to collect points for daily purchases or have some privileges during the trips is important to you, this card is worth getting.
Features and Benefits
Welcome Offer
New cardholders can get up to $1,400 in the first year in the form of waiving the first-year annual fee, making this card convenient from the beginning.
Trip Cancellation Insurance
Keep your travel dollars safe with up to $1,500 in trip cancellation benefits. In the event of an emergency, you have to cancel a particular trip; this insurance can be helpful in refunding you for the non-recoverable costs.
Mobile Device Insurance
Covers up to $1,000 per device, you and your mobile devices, whether you lost it, damaged, or stolen. This applies to mobile devices or gadgets bought using the CIBC Aventura® Visa Infinite* Card.
CIBC Aventura Rewards Points
- Receive 2 points for every $1 spent on travel booked through the CIBC Rewards Centre so that you can easily build your points for the next trip.
- Earn 1.5 points per $1 spent on eligible gas stations and EV charging stations, drug stores and grocery stores, so getting groceries or gas can be more meaningful.
- Accumulate 1 point per $1 for all other purchases so that you are earning points on all your spending towards getting you much closer to your next adventure.
Visa Airport Companion Program
Instantly enhance your travel with four free visits to more than 1,200 airport lounges around the globe. The comfort of waiting for your flight is made luxurious by this benefit which is valued at up to $261.
Who Should Use this card?
This card is perfect for the folks who travel often and will appreciate the ability to earn points on travel and other spending. Comprehensive travel insurance and the option to redeem points for any kind of travel make CIBC Aventura® Visa Infinite Card* one of the strongest contenders for travelers serious about getting the most out of their travel rewards.
TD Aeroplan Visa Infinite Card
The TD Aeroplan Visa Infinite Card* is a travel rewards credit card designed more specifically for frequent flyers and, more specifically, those who fly with Air Canada. This card lets you earn Aeroplan points on spending and is equipped with travel perks and great insurance that makes your traveling more enjoyable.
Features and Benefits
Welcome Offer
Welcome bonus includes up to one thousand dollars in value if your account is approved by September 3, 2024, along with 40,000 Aeroplan points. This welcome offer puts you in the right standing for your next flight or travel award.
NEXUS Fee Rebate
Under the NEXUS program, cardholders may claim and receive $ CAD 100 rebates for the application fee once every 48 months. Additionally, this makes it easy and cheap for the entire family to clear customs and immigration.
Mobile Device Insurance
Cover your mobile devices with up to $1,000 in case of damage, loss, or theft, and this only applies if the device was purchased with the TD Aeroplan Visa Infinite* Card. The mobile insurance provided by this card provides peace of mind, relief, and assurance, knowing that your costly gadgets are protected.
Visa Infinite Luxury Hotel Collection
Have your journey enhanced with luxury perks for a number of hotels globally: complimentary upgrade to the best available room at check-in, waived parking fees, and complimentary daily Continental breakfast for two.
Aeroplan Points
- Earn 1. 5 Aeroplan points per dollar spent on eligible fuel, grocery, and Air Canada, including Air Canada Vacations, direct purchase. These high-earning categories assist you in earning many points that you can redeem for the next trip.
- Receive one Aeroplan point for every dollar spent on all other purchases so that all your purchases will help you get closer to your travel aspirations.
Why Should You Get the TD Aeroplan Visa Infinite Card?
This card is best suited to anyone who regularly travels and has Air Canada as their preferred airline as well as those who need the flexibility that Aeroplan points provide. For those who want a travel rewards card that offers it all, this card offers strong travel insurance, rebated NEXUS fees, and luxury hotel perks. Moreover, mobile device insurance is a bonus for those who own an expensive smartphone or tablet; this service provides insurance in case of an accident.
Scotia Momentum® Visa Infinite* Card
The Scotia Momentum® Visa Infinite Card* is one of the top-ranking cash-back credit cards in Canada that provides the highest cash-back rates on popular spending categories and valuable car rental, travel, and purchase insurance for Canadians’ daily lives and vacations. This card is suitable for clients and their close relatives who need the opportunity to get the highest cashback and have insurance for traveling and mobile devices.
Features and Benefits
- Welcome Offer
For the first three months of having a new card, cardholders can get 10% of cash back on all purchases, which can amount to up to $2,000. Also, the annual fee for the primary card, as well as for the supplementary cards, is waived for the first year. This offer is valid until October 31, 2024, and offers a lot of value from the onset.
- Mobile Device Insurance
Get your smartphone, tablet, or any other portable device covered for up to $1000 in case of loss, theft, or damage. This insurance reimburses you for the repair or replacement of your device if it is damaged, lost, or stolen where the purchase was made using your Scotia Momentum® Visa Infinite* Card.
- Travel Accident Insurance
No more worries while traveling, knowing you are covered with up to $500,000 in case of any accidents. This benefit protects you in the event of an accidental death or dismemberment during the course of the journey by means of a common carrier.
- Scotia Cash Back Rewards
- 4% Cash Back: Get 4% cash back on all recurring bills and groceries, which enables you to make the most of your common expenditure. This rate is among the most expensive in Canada for these categories making it the most ideal choice for families.
- 2% Cash Back: Get 2% cash back on gas and daily commuting, such as Uber and Lyft, so your drive becomes your reward.
- 1% Cash Back: Receive 1% cash back on other purchases to guarantee that every cent you spend contributes towards your cashback balance.
Why Have the Scotia Momentum® Visa Infinite Card?
The Scotia Momentum® Visa Infinite Card* has exceptionally high cashback rates to begin with but mainly on everyday spending categories such as groceries, bills, or gas. Together with the card’s rich insurance package, this card is perfect for travelers and users who seek to get the most out of their rewards while receiving all-inclusive protection during their journey and for their invaluable mobile gadgets.
This card is most suitable for those shoppers who frequently shop for groceries and other regular bills, as its 4% cash-back rate is one of the highest in the market. Also, the welcome offer means that the first year will likely yield high returns making it suitable for those who want to earn the most of their cashback within the first twelve months of use.
Conclusion
When choosing the most appropriate credit card that you should apply for, there are some factors that you should take into consideration; these include the frequency of travel. If you are a frequent traveler or a grocery and restaurant person, then Scotiabank Gold American Express® Card and BMO Eclipse Visa Infinite Card can be the best option since they offer the highest reward rates in these categories. For the more general traveler who prefers to utilize points from travel rewards, the CIBC Aventura® Visa Infinite Card is a good choice, while for anyone with Air Canada and Aeroplan loyalty, the TD Aeroplan Visa Infinite Card is ideal.