Yes, my WF card is a MC.
I received a paper flyer with the monthly billing.
I can't locate the flyer right now (I recall taking a pic of it, but I recently lost many pics on my phone), but here is a link:
https://www.wellsfargo.com/jump/cred...one_protection
Hmmm.. the fine print above says there's a $50 deductible. Don't recall that on the paper flyer...
And coverage is only for stolen or damaged phones, not "lost" phones.
And the paper flyer didn't say anything about any special registration process; just to pay your monthly cell phone bill automatically.
Thanks for making me look this up; I need to verify some details with Wells Fargo.

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