If you’re like many Americans, your cellphone has essentially become another appendage. And if you’ve ever broken — or shattered — that appendage, you know full well the panic that can set in.
Yet while many have experienced cellphone damage, like water logging or cracked screens, Americans are waiting longer to replace their phones. According to Daniel Research Group, which offers market research services, Americans wait an average of 3.17 years to get a new one, 25% longer than they waited in 2015.
A credit card trend that’s a ‘win-win’ Up until a few years ago, cellphone insurance was not a common perk for cardholders. You could find it on several Wells Fargo WFC, +0.60% credit cards and a smattering of individual products from other issuers, and that was about it.
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