Original Post
Written by
Edited November 1, 2023
at 09:05 AM
by
It's back! Limited Time Offer!
Your points are worth 10%-50% more
Until 11/30/23 or while supplies last, your Chase points are worth more when you redeem for any product on the Apple® Ultimate Rewards® Store.*
Chase Sapphire Preferred is 25% more.
Chase Freedom Unlimited is 10% more.
https://ultimaterewardspoints.chase.com/
For example:
The $1199 iPhone Prom Max is 79,900 points (plus tax if applicable) if you have the Reserve (so retail * 66.7 points). Effectively 1/3 off at a penny per point.
If you have a card with a $99 ish annual fee, I suspect you get 25% extra (so retail * 80 points). Effectively 20% off at a penny per point.
If you have a no-annual-fee card, you likely get 10% extra (so retail * 91 points). About 9% off at a penny per point.
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Also worth noting you get extended warranty and purchase protection when you pay with points (you don't when you pay with gift cards).
tempting
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JPMorgan Chase gross profit for the quarter ending September 30, 2023 was $39.874B - believe me when I say they don't care what you redeem UR points for and neither does anyone here.
Look, everyone can spend the points however they want. I'm sure there's someone out there that would argue they have a bunch of points and NOTHING to spend it on, and just want to take the 1:1 cash redemption. That's fine, do what you want. Just don't ask the more experienced users for their opinion and then get annoyed when they give it.
These redemption opportunities are universally inefficient. They just are. If you want to do it, nobody will stop you. Just stop asking if it's a good idea and getting annoyed when you're told it's not. I'm sure there's someone out there that would spend $5 on gum if they wanted a pack bad enough and nothing else to spend their money on, it doesn't mean someone else has to agree that it's a good decision.
No experienced CSR user will ever tell you that it's a good idea to spend your points in any way OTHER than transferring to travel partners. You may not always get 3-4-5+ cents per point, but 50% or less bonus is trash.
Who do you think you are telling people what to do with their card? I did NOT ask for anyone's opinion on how to spend my points, and neither did anyone else in this entire thread. I was replying to another "more experienced user" who chimed in to give his expert opinion. Maybe the two of you can go on a first class Emirates flight together and share a suite at a Hyatt to celebrate your amazing redemption value.
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If you don't travel much there are better cards and rewards ecosystems that will more efficiently match your spending.
If you don't travel much there are better cards and rewards ecosystems that will more efficiently match your spending.
And why is even transferring to Hyatt complicated? It's just points you can use towards any number of hotel rooms, it's gonna work even if you have 5 kids. People probably just like the CSR design and feel so they pay $550 a year and dislike the way you tell them this is not even a deal.
And I know some of you don't like my point here and would say you simply don't travel. I actually feel super lucky that people are wasting UR points on these "deals" for really low values per point and feel really good about it, because your usage like this makes our UR usage on travel (such as Hyatt) a little more sustainable from the bank's perspective 😂 thanks for all the downvotes, you keep my UR's value up high.
Ok smart ass
If you don't travel much there are better cards and rewards ecosystems that will more efficiently match your spending.
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