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Chase Sapphire Reserve: Ultimate Rewards Pts. Redemption Bonus on Apple Products Expired

50%
& More
+74 Deal Score
177,963 Views
Chase offers select Chase Cardholders: Up to 50% Ultimate Rewards Redemption Bonus for select Apple Products when redeeming Chase Ultimate Rewards Points to pay. Valid through 11/30/2022.

Thanks to Community Member sbessire for sharing this deal.

Note: Your Redemption Bonus will vary from 10% to 50% depending on the type of Chase card you have. Your credit card will be charged the full remaining dollar amount over your points redemption; for example, if you choose to buy Apple merchandise at $120 at $1.50 redemption value (50% bonus), and you use 4,000 points ($40 worth of points w/ 50% bonus = $60), your credit card would be billed for the remaining $60.

Deal Instructions:
  1. Log in to your Chase Ultimate Rewards account
  2. Visit the Apple page at Chase Ultimate Rewards
  3. The bonus amount for your account will be displayed at the top of the page w/ the message "Limited Time Offer! Your points are worth xx% more"
  4. Add products to shopping bag and proceed to checkout
    • Points bonus discount will be reflected on product page
  5. Select "Use Points" as payment method at checkout
  6. Complete your order

Original Post

Written by
Edited October 16, 2022 at 08:54 PM by
Chase ultimate rewards points are worth 50% more on apple products with sapphire reserve and 25% more on apple products with sapphire preferred or ink business preferred.

I realize many would rather use them for travel, but we don't travel and pay yourself back has been lousy.

https://www.chase.com/personal/cr...te-rewards
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Unfortunately, it's kind of a fake value, as you can get most apple products at discounts nowadays. So your value is still less than the 1.5 or 1.25 than they make you believe it is.
some more example
for my upcoming trip to Japan in Jun
Transfer 10K to AVIOS for redeem of 2 domestic Japan ticket worth $200 USD
1 point to 2 cents

Transfer 47K to Virgin Atlantic (with chase 30% transfer bonus) for a FIRST CLASS ticket from HND-JFK worth $5000 USD
1 point to 10.6 cents
Setting aside you being aggressive for no reason.. I think any nay-sayers on this deal are focused on the opportunity cost. If you value your points at 1 cent per point, then I agree that AirPods for about 20k points is fantastic. But it's relatively easy to get $300 of value out of 20k Chase UR points by transferring to an airline. And sometimes even higher than that by transferring to hotel/airline for point redemption towards a high-end flight or hotel stay. So 20k Chase UR points, with either a Sapphire Preferred or Reserve card, are worth somewhere between $300 and $700. So the opportunity cost is you getting AirPods for 20k points.. vs a flight or hotel stay that would cost you 2-3x the cost of the AirPods.

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Joined Dec 2007
L5: Journeyman
> bubble2 648 Posts
79 Reputation
learnp
10-16-2022 at 07:47 AM.
10-16-2022 at 07:47 AM.
Quote from LovelyStep957 :
Setting aside you being aggressive for no reason.. I think any nay-sayers on this deal are focused on the opportunity cost. If you value your points at 1 cent per point, then I agree that AirPods for about 20k points is fantastic. But it's relatively easy to get $300 of value out of 20k Chase UR points by transferring to an airline. And sometimes even higher than that by transferring to hotel/airline for point redemption towards a high-end flight or hotel stay. So 20k Chase UR points, with either a Sapphire Preferred or Reserve card, are worth somewhere between $300 and $700. So the opportunity cost is you getting AirPods for 20k points.. vs a flight or hotel stay that would cost you 2-3x the cost of the AirPods.
Thank you, this was very helpful to me. I have always checked in the Chase portal but never really explored the points transfer to airlines/hotel miles. Sounds like that is really the best bang for the buck/point.
Which airline/hotel offers the most valuable transfer rate in your experience?
Reply
Joined Nov 2012
L5: Journeyman
> bubble2 917 Posts
108 Reputation
Clinkinfo
10-16-2022 at 07:54 AM.
10-16-2022 at 07:54 AM.
Quote from LovelyStep957 :
Setting aside you being aggressive for no reason.. I think any nay-sayers on this deal are focused on the opportunity cost. If you value your points at 1 cent per point, then I agree that AirPods for about 20k points is fantastic. But it's relatively easy to get $300 of value out of 20k Chase UR points by transferring to an airline. And sometimes even higher than that by transferring to hotel/airline for point redemption towards a high-end flight or hotel stay. So 20k Chase UR points, with either a Sapphire Preferred or Reserve card, are worth somewhere between $300 and $700. So the opportunity cost is you getting AirPods for 20k points.. vs a flight or hotel stay that would cost you 2-3x the cost of the AirPods.

Except in your model, the products you're referring to (airline and hotel) have unknown markups and highly variable retail rates. For example, the same hotel might be listed for $500 on their website, but be available for $230 on hotwire. So when you convert points to hotels and airlines, you aren't really getting that retail value, you're getting a credit against an already inflated price. It's almost impossible to figure out what dollar value you actually just received, but I guarantee it's not the retail credit they gave you! Apple products are close to price fixed at this point, so you know exactly what "value" you're really getting when converting. They are not an apples to apples comparison (no pun intended)
1
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Joined Aug 2015
L3: Novice
> bubble2 144 Posts
24 Reputation
guest888
10-16-2022 at 07:54 AM.
10-16-2022 at 07:54 AM.
Quote from learnp :
Thank you, this was very helpful to me. I have always checked in the Chase portal but never really explored the points transfer to airlines/hotel miles. Sounds like that is really the best bang for the buck/point.
Which airline/hotel offers the most valuable transfer rate in your experience?
You would have to fly international premium cabins to get the most bang for your buck. Domestically you are getting about $.02 per point not much better than 2% card. Intentionally you could be getting $.03 -$.12 per point depending on cabin and airline. Rates went up big to Asia during pandemic so it wasn't worth it. I was seeing 400k miles for an economy seat when I used to see business class for 60k per seat each way. Hopefully as travel opens up and recession hits the rates will drop. In the 2007 crash airlines were handing out status and elite miles bonuses left and right. Some airlines are building out premium travel capacity because they think this temporary omg I've been stuck at home for 2 years travel blitz is sustainable.
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Joined Nov 2016
Be kind. Rewind.
> bubble2 120 Posts
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newnewyorker
10-16-2022 at 08:02 AM.
10-16-2022 at 08:02 AM.
Quote from Mydiscover :
worst thing to do is use the points for apple stuff when apple gift cards go on sale alot of times plus u can do trade ins when buying from apple.
paying with apple gift cards doesn't give you 120 days purchase protection if you care about that. paying with chase points does
Reply
Joined Aug 2015
L3: Novice
> bubble2 144 Posts
24 Reputation
guest888
10-16-2022 at 08:05 AM.
10-16-2022 at 08:05 AM.
Quote from Clinkinfo :
Except in your model, the products you're referring to (airline and hotel) have unknown markups and highly variable retail rates. For example, the same hotel might be listed for $500 on their website, but be available for $230 on hotwire. So when you convert points to hotels and airlines, you aren't really getting that retail value, you're getting a credit against an already inflated price. It's almost impossible to figure out what dollar value you actually just received, but I guarantee it's not the retail credit they gave you! Apple products are close to price fixed at this point, so you know exactly what "value" you're really getting when converting. They are not an apples to apples comparison (no pun intended)
Hotels are rarely a good use. Only time I was ok with it was when I had to fly to Taipei last minute because my dad passed away. I stayed at the grand Hyatt for like 20k a night with lounge access. Wonderful stay the manager was very sympathetic. My plane ticket there was 80K UA miles transferred from UR points for business class on EVA lie flat seats. Booking with points via a hotel directly vs portal brings you a lot more benefits like hotel status if you have any. Most if not all hotels will not honor benefits if you booked via hotwire and the like. Even thru chase travel portal they will deny you. I just spent my way to Hyatt globalist via their business CC. Plan on using my points for Hyatt redemptions. Suite upgrades in advance with certificates even on point redemptions. It's probably the best program out there if their footprint fits your travel patterns. But I will probably blow some points on apple products. If you still get 1.5 per point for grocery than you could just go to your local store buy gift cards and use that to buy iPhone. I did that method to redeem for a sectional during the pandemic. Not a good value points wise but that sofa sure has been comfy the last two years.
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Joined Feb 2005
L3: Novice
> bubble2 148 Posts
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garygor
10-16-2022 at 08:06 AM.
10-16-2022 at 08:06 AM.
Anyone actually got 50% off?
Reply
Joined Oct 2006
L7: Teacher
> bubble2 2,696 Posts
218 Reputation
nin7474
10-16-2022 at 08:10 AM.
10-16-2022 at 08:10 AM.
CSR UR 422 points.
Got a Apple Watch Ultra.
After 422 UR Points+50% bonus points and tax.
Paid $215 out of pocket.
Reply

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Joined Oct 2010
DealHunter
> bubble2 158 Posts
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ilike2breakthngs
10-16-2022 at 08:14 AM.
10-16-2022 at 08:14 AM.
Another thing to consider is that this redemption is through a partner and not directly through Apple.
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Joined Apr 2014
L6: Expert
> bubble2 1,110 Posts
wwphil
10-16-2022 at 08:15 AM.
10-16-2022 at 08:15 AM.
i only have 10% bonus on my freedom cards
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Joined Jul 2004
L7: Teacher
> bubble2 2,410 Posts
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yk88
10-16-2022 at 08:16 AM.
10-16-2022 at 08:16 AM.
Quote from garygor :
Anyone actually got 50% off?
50% is more of a bonus when you use your points so the title is a little misleading. For example, the apple watch ultra retails for $799, but if you use your points, your points are worth 50% more and you'll be using 53,266 points or roughly $533. This is essentially the same thing Chase did during the pandemic with pay yourself back and a lot of people used it on gift card purchases at grocery stores, I also recall Chase having the same 50% thing for Apple around the sametime.
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Joined Mar 2011
L2: Beginner
> bubble2 43 Posts
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megatruong
10-16-2022 at 08:26 AM.
10-16-2022 at 08:26 AM.
Quote from chuckecheez :
That's exactly it. Suppose if you don''t travel much, then cashing in for 1 or 1.5 cents per point makes sense. But many people sign up for Chase specifically to use for travel, as the UR points can have massive value when transferred to travel partners, particularly certain airlines. You can also do pretty well using them for Hyatt hotels. I stayed at one in New Orleans French Quarter over a weekend, in a room that was going $400/night and it only cost me 15k points.

Is it booking through the Chase portal or is it actually transferring to specific hotel/airline chains that gets you 1.5c or greater per point? I always find this part confusing and not sure how to maximize my UR points.
Reply
Joined Dec 2010
L6: Expert
> bubble2 1,038 Posts
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link64dx
10-16-2022 at 08:35 AM.
10-16-2022 at 08:35 AM.
Quote from megatruong :
Is it booking through the Chase portal or is it actually transferring to specific hotel/airline chains that gets you 1.5c or greater per point? I always find this part confusing and not sure how to maximize my UR points.

Following this thread so the expert can chime in about maximizing points. I have about 300k points and I'd love to use it on some first class or business tickets
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Joined Nov 2014
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> bubble2 15 Posts
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klklslick
10-16-2022 at 08:37 AM.
10-16-2022 at 08:37 AM.
Quote from dalva :
This is pretty useless in my opinion. You can already redeem your points for 50% more value as a statement credit for qualified purchases (travel and restaurants). So it would make more sense to do that then buy the product with either the chase reserve or some other credit card that also gives you points, that way you actually get points for your purchase.
If i bought the phone with my SR card, i would get multiple benefits including warranty extension. How does this work when buying a phone with points from an SR account?
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Joined Mar 2013
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> bubble2 249 Posts
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BoyangS
10-16-2022 at 08:37 AM.
10-16-2022 at 08:37 AM.
Just some quick math guidance here for those of you who didn't graduate elementary school. This is NOT 50% off. A 50% increase in points value is equivalent to a 33% discount. For example, if you wanted to buy an item priced at $30. You need to spend $20 worth of points. Then the $20 gets a 1.5 bonus multiplier to become $30 in points. You save $10. $10/$30 is 33.33%.
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Knightshade
10-16-2022 at 08:44 AM.
10-16-2022 at 08:44 AM.
Quote from megatruong :
Is it booking through the Chase portal or is it actually transferring to specific hotel/airline chains that gets you 1.5c or greater per point? I always find this part confusing and not sure how to maximize my UR points.

Through the portal is 1.5c a point fixed.

As I mention earlier for Hyatt hotels or premium flights (anything better than economy) transferring points will generally get you better than 1.5 cents.

For econ flights you need to check the math both ways as in some cases the portal might be better, and some the transfer still is.




Quote from guest888 :
You would have to fly international premium cabins to get the most bang for your buck. Domestically you are getting about $.02 per point not much better than 2% card.
Except that in most cases you can get 3-5 points per $1 spend with the right chase cards.... (3x at restaurants with several cards, 5x in rotating categories like gas and groceries with Freedom, 5x on internet, telephone, office supply with one of the free ink cards, etc.... even non-category is 1.5x so the equivalent of 3% cash)


So even at 2 cents a point that's the cash equivalent of between 3-10%

Which is obviously much better than a 2% card.

Book anything beyond econ flights and the return gets even higher.




Quote from link64dx :
Following this thread so the expert can chime in about maximizing points. I have about 300k points and I'd love to use it on some first class or business tickets

Depends where you're going from/to, and when, but 300k should be enough to get you at least 2-3 roundtrip biz class flights.... in some cases when there's a good deal AND a transfer bonus you can get RT business for as little as like 50-60k total so that'd be 5-6 roundtrips.

Just linking the below as an example:
https://viewfromthewing.com/great...roundtrip/
That was a deal a couple months ago stacked with a chase transfer bonus that would get you roundtrip biz to europe for 53k chase points total... (and mentions an earlier deal that could've got you as cheap as 49k total roundtrip with a transfer bonus)
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Last edited by Knightshade October 16, 2022 at 08:48 AM.
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