This is rather interesting little nugget of information that landed in our inbox today. If you use  First Citizens Bank and have a credit card through them, you are probably eligible for device protection at no charge. Those bankers that hold a personal Visa credit card from First Citizens Bank need only to pay their monthly cell bill with their card.
“A cell phone is one of the most essential and expensive items people
carry around today, and First Citizens is offering a simple way to
protect the investment in this device,” said Karla Mizelle, manager of
product and channel strategy. “We’re excited to offer this
complimentary benefit to our cardholders.”
Once you make a payment with your card you are automatically enrolled for free for the protection. There are a few little rules and details that apply of course. For instance, it covers up to $500 and you would have a $50 deductible. Still, not terribly bad considering some of the monthly insurance plans that have a much higher deductible and require you to pay a monthly fee. You get the typical 2 claims in a 12 month period as well. Here is what is sort of funny about the whole thing though, the coverage covers stolen and damaged devices. If you lose your phone, you are on your own. I will leave it up to you how you report your device if you choose to do so. The coverage covers the primary line and two additional lines, so no 5 line accounts.
After you pay your phone bill with your credit card you will be automatically enrolled in the protection plan and it will take effect on the first day of the following calendar month as stays active as long as you pay your monthly statement with your credit card.
If you are First Citizens Bank credit card holder, you can find additional details at their website or simple stop in at your local branch.
