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(image: http://www.imageafter.com/image.php?image=b19nature_elements058.jpg&dl=1)What Credit Card Rewards can be used for Apple Purchases?
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Which Rewards Credit Cards Can be used for Apple Purchases?
Many issuers allow you to redeem points for Apple gifts and merchandise. While it might not provide the most price, points can aid in saving money.
Written by Craig Joseph Lead Writer | Credit cards, Travel rewards Personal financial Craig Joseph is a NerdWallet chief writer and credit card expert. He holds master's degrees in geoology from West Virginia University and oceanography from Oregon State University and has published in journals, newspapers and academic blogs. Craig is passionate about personal finance and wants to improve the financial literacy of every person whom he comes across. He'll probably also try to convince you of why rocks are cool.
Updated Dec 19, 2022 9:08AM PST
Edited by Erin Hurd Assistant Assigning Editor Credit cards, rewards, personal financial Erin is a credit card and travel rewards expert at NerdWallet. She has spent more than two decades teaching readers innovative methods to increase their investment and personal finances. Prior to being a part of NerdWallet, Erin worked on dozens of newsletters and magazines that dealt with business, investing, health and travel with Agora Publishing. Her love of travel led to a passion for loyalty and credit card rewards to subsidize trips, and she thrives on teaching others how to make use of the potential of rewards from credit cards. When she's not editing or writing, Erin is planning her next trip for her family of four , using miles and points. She's based in Baltimore, Maryland.
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If you're looking for an Apple product and have a pile of points collecting dust, applying those points toward your purchase might be a great option to put some money in your pocket. But, you should be aware that the points might have greater value when redeemed for travel.
A list of rewards programs that permit redemptions of Apple gifts and merchandise are listed below.
If it is possible to exchange points for gift cards at the same time as money back, or even a statement credit it's best to purchase the Apple product in full and then use these points in order to repay yourself back. That way, you can get rewards for the purchase, and you may receive benefits the benefits you don't receive if you pay with a gift card.
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Credit reward card program
Merchandise point value, in cents
Gift cards point value in cents
Chase Ultimate Rewards(r)
1.
1.
U.S. Bank(r) Reward
0.85.
1.
Pentagon Federal Credit Union (PenFed) Rewards
0.6-0.8.
0.85.
Barclays Rewards
0.3-0.5.
0.5.
American Express Membership Rewards
N/A.
0.85.
Capital One Rewards
N/A.
1.
Citi ThankYou Points
N/A.
1.
The Bank of America Reward
N/A.
1.
Nerdy Tip
The earns Apple Cash which can be used to purchase items at any retailer, not just Apple or for a cash deposit to your bank account. This is a cash-back credit card, which is why it's not included on our list.
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1. Chase Ultimate Rewards(r)
The program has the best value of any reward system for redemption toward Apple products. Points cost 1 cent for each item, which includes merchandise and gift cards. This means that 10,000 points are worth $100.
However, frequent purchases can raise the redemption rate for merchandise by 10%, 25 percent or even 50 percent, depending on which card you're using. If you are able to hold off on your redemption till one of the deals becomes accessible, you'll get more value from your points than you would for a statement credit or Apple gift cards.
If you don't have enough points to make a payment through Chase's Ultimate Rewards(r) portal, Chase will let you apply any points you've got (as long as they are able to pay for a minimum of 20% of the total amount) and charge the remainder of the cash balance to your card.
However, keep in mind that these options are below the NerdWallet offers on Chase Ultimate Rewards(r) when transferred to travel partners rather than.
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2. U.S. Bank rewards
U.S. Bank rewards earned on the Altitude and FlexPerks range of cards can be redeemed for both Apple gift cards and merchandise.
Merchandise redemptions can be made by visiting the Apple Rewards Store located in the U.S. Bank Rewards Center which is where points are worth around 0.85 cents each according to the prices of retail at the Apple store. This means that 11,764 points are worth $100 when redeemed for goods.
However, when they are redeemed for gift cards, the points are worth 1 cent each. Cards are offered in increments of $10, $25, $50 and $100. It means that 10,000 points will be worth $100 when used to purchase gift cards. Occasional limited-time offers will provide more favorable rates for redemption than this.
U.S. Bank rewards are worth 1 cent when redeemed for the purpose of a statement credit or a bank transfer. Therefore, unless you have a special offer for using points prior to the redemption, you'll be better off buying your Apple equipment using your credit card to earn rewards for the purchase and then using your stockpile of points to offset the charge through a statement credit. This offers the advantage of being able to shop at any store -- not just through Apple.
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3. Pentagon Federal Credit Union (PenFed) Rewards
PenFed offers two credit cards that earn points which can be exchanged to purchase Apple products and gift cards.
As of October 20, 2022, redemptions for merchandise can be done by going to the store and clicking on the Apple Rewards banner. Based on the prices of retail in Apple's Apple store, the redemptions for merchandise yield a value of points between 0.6 cent to 0.8 cent apiece.
Points are worth 0.85 cent apiece when redeemed to purchase gift cards. Gift cards are available in denominations of $25, $50, $100 and $250. So, 11,764 points will be worth $100 when you redeem them in gift card denominations.
There's no method to convert the PenFed Rewards to cash, but they can be redeemed for travel purchases at a rate of 1 cent each.
If you're planning to spend your rewards on a new MacBook or AirPods, you'll benefit the most by using gift cards to redeem them, and then using them for your purchase.
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4. Barclays rewards
Applications are currently unavailable for new cardholders looking for Barclays rewards. But legacy cardholders of any Barclays Arrival cards or Barclays Arrival cards and those who were relocated into a new product, such as the Barclays View Mastercard are still in a position to earn and redeem rewards.
If you own such a card, the rewards can be converted into Apple gift cards at an exchange rate of 0.5 cents per cent. That means 10,000 points are worth $50 when they are exchanged for gift cards. These cards are available in denominations such as $100, $25, $100, and $250.
You can also redeem your points directly for Apple merchandise, but a gift card is generally greater value. Based on the retail price direct from Apple the rate of redemption for merchandise will range between 0.3 cent and 0.5 cents per point.
They are far below the minimum value of one cent per point that cardholders earn when they use Barclays rewards to get a statement credit against purchases made on travel. If you're in need of cash, you'd probably be better off trying to cover the cost of an airline ticket or hotel room with rewards and purchasing Apple gear outright.
5. American Express Membership Rewards
American Express Membership Rewards can be used to purchase Apple gift cards with the rate of 0.85 cents per cent. Gift cards are offered with denominations of 10 dollars or $25, $50, $100 and $500. The points earned are worth $100 when you redeem them for gift cards. As with other issuers AmEx also offers limited-time deals that increase the value of points redemptions for gift cards.
Although this rate is higher than the 0.6 cent per point cardholders receive when they redeem their Membership Rewards to get the purpose of a statement credit, it is still below the baseline value of 1 cent per point available by using points to book travel through AmEx. AmEx traveling portal. And if you're an optimizer, both of those rates are well below the value that NerdWallet assigns to Membership Reward points when transferring on to partners for travel.
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6. One Rewards and Capital One Rewards
Points earned on Capital One cards (called miles) can be exchanged to purchase Apple gift cards with an amount of 1 cent each. This means that 10,000 miles are worth $100 when used to purchase gift cards. Gift cards are available with denominations starting at $25, $50, $100 and $200. Like many other issuers, occasional limited-time promotions may provide an enhanced redemption rate.
But Capital One miles can also be used towards money back, or as a statement credit at 1 cent each. If you're searching for Apple products, you'll probably be better off charging the purchase to your credit card and earning rewards from your credit card and then paying the price using cash-back or statement credit redemption. Additionally, this has the advantage of being able buy from virtually any retailer and not only through Apple.
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7. Citi ThankYou Points
You can redeem them to purchase Apple gift cards at a value of 1 cent per point. Gift cards are available in denominations of $50, $25, and $100. That's 10,000 points worth $100 when they are exchanged for gift cards. This redemption value is equal in cashback to ThankYou points when redeemed directly into a bank account or for a credit on a statement.
Instead of using points to purchase gift cards it's better to consider purchasing a brand new Mac Mini with your credit card and earning ThankYou points with every purchase; then redeeming your ThankYou points for an account credit to offset the purchase.
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8. Bank of America(r) rewards
Points earned on Bank of America(r) credit cards can be exchanged for Apple gift cards with the rate of 1 cent for each point. That's 10,000 points worth $100 when redeemed for gift cards, which can be purchased in denominations of $25 50, $100, $150 as well as $200, $250, and $500.
Bank of America(r) points can be exchanged for a statement credit or as an cash transfer to an account for deposit at one cent apiece. So if you have an accumulation of Bank of America(r) rewards which you'd like to exchange to purchase a brand new iPhone, you'd be better to make the purchase using your rewards-earning credit card and then recouping the cost with a statement credit. In this way, you can look around for the best deal and not have to purchase the item via Apple.
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Author bios: Craig Joseph is a NerdWallet authority on credit cards. The work of his has been highlighted in The Associated Press, Washington Post and San Francisco Chronicle.
Methodology
The values presented in this article are calculated in cents per spot (cpp) using the dollar cost of an item by 100 and dividing by the number of points required.
Valuations presented herein are based on daily point redemption rates . They do not include limited-time promotions.
All product valuations are basing on prices straight from the Apple Store.
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