Chase factors are value as much as 50% extra when redeeming for Apple merchandise by way of November — however is it value it?
Editor’s word: This put up has been up to date with new data.
Chase has been one of the vital agile credit score issuers over the past couple of years, shifting bonus classes and providing new methods to redeem factors, significantly with travel-focused playing cards such because the Chase Sapphire Reserve and Chase Sapphire Most well-liked Card.
And now, Chase is bringing again a factors redemption supply the place eligible cardholders can stand up to 50% extra worth when buying any Apple product by way of Final Rewards till Nov. 30, 2022.
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Utilizing Final Rewards in direction of Apple purchases
Sometimes, redeeming Final Rewards factors for procuring — equivalent to with Apple — will get you a flat 1 cent per level redemption fee. That’s not an ideal use of factors, contemplating that TPG values Final Rewards at 2 cents per level (largely because of Chase’s priceless journey switch companions).
Particulars of the promotion
Nevertheless, with an as much as 50% bonus on eligible merchandise, we begin moving into a spot the place it might make sense to make use of your factors in direction of Apple merchandise.
Take the Chase Sapphire Reserve, for example. With this card, you will get a 50% bonus redeeming for eligible Apple merchandise. Alternatively, you’ll get the identical 1.5 cents per level redemption fee whenever you ebook journey immediately by way of Chase Final Rewards. Likewise, with Pay Your self Again, you’ll be capable to offset Airbnb and eating purchases at a 1.5 cents-per-point elevated fee by way of Dec. 31, 2022.
Right here is the breakdown of the limited-time Apple redemption fee for choose Chase playing cards.
50% bonus redeeming for Apple merchandise within the Apple® Final Rewards® Retailer (1.5 cents per level)
The knowledge for the J.P. Morgan Reserve has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
25% bonus redeeming for Apple merchandise within the Apple® Final Rewards® Retailer (1.25 cents per level)
10% bonus redeeming for Apple merchandise within the Apple® Final Rewards® Retailer (1.1 cents per level worth)
The knowledge for the Ink Plus, Ink Money and Freedom playing cards has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
All of those affords are dwell by way of the Final Rewards website, so you need to see them robotically mirrored whenever you place an order.
The elevated Apple redemption promotion runs from Oct. 15 by way of Nov. 30, 2022. That is excellent timing should you’re in search of a present for the upcoming holidays.
Associated: Why the brand new iPhone 14 Professional is a sport changer for vacationers
Do you have to use Chase factors for Apple merchandise?
When you have a big stash of Final Rewards factors, this limited-time promotion is an attractive strategy to stretch the worth of your factors and avoid wasting money. However must you use your factors this fashion?
Associated: Learn how to redeem Chase Final Rewards factors for optimum worth
Nevertheless, should you’re not seeking to ebook journeys any time quickly, utilizing your factors for Apple purchases might be attractive. Or possibly you have received a mountain of factors, so this redemption will not mess up your journey plans. You would even be in search of a pleasant present main as much as the vacations on the finish of the yr, or it may make sense should you’ve had your eye on an Apple product.
Usually, we don’t advocate these redemptions, since you’d get simply 1 cent per level in worth. Nevertheless, Sapphire Reserve holders who can get 1.5 cents apiece on their Final Rewards factors proper now have a singular alternative for a redemption.
And bear in mind that you could mix Final Rewards between accounts freely and immediately, so be sure to make use of whichever card will give you the very best worth for these redemptions.
Backside line
Via the top of November, eligible Chase cardmembers will be capable to redeem Final Rewards at a fee of 1.1 to 1.5 cents apiece on Apple merchandise. These redemptions usually aren’t a very good use of your factors, however there are just a few cases the place it may make sense given the present promotion. Not each Chase bank card gives the utmost worth of 1.5 cents per level, so this promotion is most precious for many who have the Sapphire Reserve.
Extra reporting by Stella Shon, Juan Ruiz and Ryan Smith.
