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 SelectApple Products when redeeming Chase Ultimate Rewards Points (for partial or full payment). Valid through 11/30/2024. Shipping is free on all orders (delivery is estimated within 7 business days after shipping).
Thanks to Community Member fmills15 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.
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I guess returns are not accepted for these purchases unless there is some defect/ damage. Something to keep in mind. I learnt it the hard way
Points go 50% further, it's not 50% off. Here's an example of a $100 item:
10,000 points = $100
what amount of points (define as X) * 150% = 10,000?
1.5X = 10,000 --> X = 10,000/1.5 = 6,667
with 50% bonus, $100 = 6,667 points, a savings of 3,333 points (10,000 - 6,667)
3,333/10,000 = 33%, or a 33% savings
said another way:
normally $1 = 100 points, but with the 50% further $1 = 100/1.5 = 66 points
Old Price = 100 Points
New Price = 66 Points
Change = (New price - Old price) / Old Price = (66 - 100) / 100 = -33/100 = -33%
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It's only when you have the Chase Reserve card when you received the 50% discount. Otherwise, if you have the "Preferred", you'll only received 20% discount instead of 25% as stated above!
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Rather than explaining the math, I'll give you the best way to check, just go select the base model iPhone pro - which is $1000 (which should be 100,000 points) but essentially you pay 66667 in points.
Our community has rated this post as helpful. If you agree, why not thank thewiz94
10-26-2024 at 01:31 PM.
Quote
from lionlies
:
Could you explain the math behind it please?
Points go 50% further, it's not 50% off. Here's an example of a $100 item:
10,000 points = $100
what amount of points (define as X) * 150% = 10,000?
1.5X = 10,000 --> X = 10,000/1.5 = 6,667
with 50% bonus, $100 = 6,667 points, a savings of 3,333 points (10,000 - 6,667)
3,333/10,000 = 33%, or a 33% savings
said another way:
normally $1 = 100 points, but with the 50% further $1 = 100/1.5 = 66 points Old Price = 100 Points New Price = 66 Points
Change = (New price - Old price) / Old Price = (66 - 100) / 100 = -33/100 = -33%
* ANNUAL FEE
$550 annual fee†; $75 for each authorized user†*
Yes it has a $550 annual fee, but with all the perks that come with the card, you can end up getting all that money back. They automatically give you $300 towards your travel purchases annually so right there, more than half of that fee is covered. Sounds like a lot but the benefits are exceptional.
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10,000 points = $100
what amount of points (define as X) * 150% = 10,000?
1.5X = 10,000 --> X = 10,000/1.5 = 6,667
with 50% bonus, $100 = 6,667 points, a savings of 3,333 points (10,000 - 6,667)
3,333/10,000 = 33%, or a 33% savings
said another way:
normally $1 = 100 points, but with the 50% further $1 = 100/1.5 = 66 points
Old Price = 100 Points
New Price = 66 Points
Change = (New price - Old price) / Old Price = (66 - 100) / 100 = -33/100 = -33%
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Also, if you already have gift cards can you split payment with points/credit card/gift cards? I'm particularly trying to use all 3 if possible.
Yes you can transfer to preferred
Isn't it same for travel?
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Our community has rated this post as helpful. If you agree, why not thank thewiz94
10,000 points = $100
what amount of points (define as X) * 150% = 10,000?
1.5X = 10,000 --> X = 10,000/1.5 = 6,667
with 50% bonus, $100 = 6,667 points, a savings of 3,333 points (10,000 - 6,667)
3,333/10,000 = 33%, or a 33% savings
said another way:
normally $1 = 100 points, but with the 50% further $1 = 100/1.5 = 66 points
Old Price = 100 Points
New Price = 66 Points
Change = (New price - Old price) / Old Price = (66 - 100) / 100 = -33/100 = -33%
yes you can instant transfer chase points btwn cards online. I always transfer points earned from freedom to my Sapphire reserve for redemption
Thank you
*EDIT* 2 MIN QUICK GOOGLE SEARCH.
lol no wonder!!
* ANNUAL FEE
$550 annual fee†; $75 for each authorized user†*
Yes it has a $550 annual fee, but with all the perks that come with the card, you can end up getting all that money back. They automatically give you $300 towards your travel purchases annually so right there, more than half of that fee is covered. Sounds like a lot but the benefits are exceptional.
Sign up for a Slickdeals account to remove this ad.