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Edited November 1, 2023
at 09:05 AM
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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 AppleĀ® Ultimate RewardsĀ® 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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As you said, it may be based on demand and supply.
Nvm i have the reserve
Am I the optimal user of a CSR to get the most value out of it? No.
Could I put time into optimizing my value further? Sure.
The card has a high net positive value for me, even if I don't spend the additional time and energy to min-max it. I'm glad other people do, but the card isn't a bad choice just because you're not squeezing the full value out of it.
By 'commodity' products, I mean devices like the 8/256 MacBook Air's, iPhone SE's, and base storage WiFi-only iPads. Devices that Apple permits retailers/3rd party sellers to advertise and regularly sell below MSRP. The real cash comparison for the points redemption isn't the $599 msrp of a 64gb iPad Air, but rather the $499 that Amazon is selling it for today (or Apple's edu store price - or other discount program - if you claim eligibility for that). Given the Amazon price, you would be getting a 20% discount, not a 50% discount (redeeming your points at a 1.2 cents/point valuation, rather than the 1.5 cents/point they are worth in the travel portal).
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I ordered the M3 Pro 14" for $1999. It came to be ~$1332 or $132,000 points plus 6% tax. Total $1412.6 or $141,260 points. That's ~$700 in savings for a new MacBook. Even if you buy M2 pro off Facebook, it comes out to be cheaper using this deal.
Of course I really needed to upgrade so this deal is a banger for me
Can i apply for another one and get the bonus?
or I have to downgrade my exsisting card?
Can i apply for another one and get the bonus?
or I have to downgrade my exsisting card?
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Also FWIW, I've ordered AirTags and HomePod minis through Chase Rewards before and the stuff comes from a warehouse/destination that has the same return address as when I've ordered directly from Apple.