Chase Sapphire Reserve: Ultimate Rewards Pts. Redemption Bonus on Apple Products
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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.
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.
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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 $700. So the opportunity cost is you getting AirPods for 20k points.. vs a flight or hotel stay that would cost you 2-3x the cost of the AirPods.
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If I do math correctly the m2 macboook air with the points comes down to 799$ from 1199$. Regularly see it for 1049$ on amazon and even if it comes down to 999$ (big if) for Black Friday, 799 still feels like a solid deal for m2 air! Thoughts?
If you have two Chase cards, you can transfer your points from your other Chase card(s) to your Chase Sapphire Reserve, to take advantage of the 50% Apple discount.
I don't know why this is negative for people who can take advantage of the 50% redemption. It's the same redemption rate they offer for booking travel for Sapphire Reserve via Chase Travel. If you don't travel, this seems to be the best next thing to maximize point redemption.
I don't know why this is negative for people who can take advantage of the 50% redemption. It's the same redemption rate they offer for booking travel for Sapphire Reserve via Chase Travel. If you don't travel, this seems to be the best next thing to maximize point redemption.
Better to redeem those points at the same 50% bonus toward Pay Yourself Back-eligible transactions, even if you just book a refundable AirBnb for far in the future and quickly cancel after redeeming the points. That way you have the extra $$, but can buy direct from Apple using the EDU/Military/refurbished channels, or from BestBuy or other 3rd party retailers at a lower price + the ability to take advantage of credit card-derived extended warranties.
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.
No it's 25% additional pay similar to purchasing travel ticket
You don't have to travel to make chase cards make sense. We spend 50-80k in shipping a year and ink bus preferred, which gets 3%, plus this occasional multiplier.
5% on internet/phone/advertised on bus unlimited
Personal cards with rotating 5%.
But even if not going chase, at least get a 2.5% like the Alliant; that's my catch all.
Anyway, as stated in the OP, we don't travel…and this makes sense for our use case.
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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
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No it's 25% additional pay similar to purchasing travel ticket
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
Thank you
You don't have to travel to make chase cards make sense. We spend 50-80k in shipping a year and ink bus preferred, which gets 3%, plus this occasional multiplier.
5% on internet/phone/advertised on bus unlimited
Personal cards with rotating 5%.
But even if not going chase, at least get a 2.5% like the Alliant; that's my catch all.
Anyway, as stated in the OP, we don't travel…and this makes sense for our use case.
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nearly nothing