My Profile
Be taught Precisely How I Improved Instant Same Day Payday Loans Online In 2 Days
Which Rewards Credit Cards Can Be Used for Apple Purchases?
Advertiser disclosure You're our first priority. Each time. We believe that everyone should be able make financial decisions with confidence. And while our site does not include every company or financial product available on the market, we're proud that the guidance we offer, the information we provide and the tools we develop are independent, objective simple, and free. How do we earn money? Our partners compensate us. This could influence the types of products we review and write about (and the way they appear on our site), but it doesn't affect our recommendations or advice that are based on many hours of research. Our partners cannot be paid to ensure positive review of their services or products. .
Which Credit Card Rewards Can be used for Apple Purchases?
A lot of issuers let you redeem points in exchange for Apple products and gift cards. Although it may not be the greatest value, using points could aid in saving money.
Written by Craig Joseph Lead Writer | Credit cards, travel rewards, Personal financial Craig Joseph is a NerdWallet lead writer and credit card expert. He holds degrees in geology from West Virginia University and oceanography from Oregon State University and has been published in academic journals, newspapers and blogs. Craig is passionate about personal finances and hopes to improve his financial knowledge of every person he meets. He'll probably also try to convince you of why rocks are cool.
Updated Dec . 19, 2022 9:08AM PST
Written by Erin Hurd Assistant Assigning Editor Credit cards reward, personal finance Erin is a travel and credit card rewards expert at NerdWallet. She has spent the better part of two decades educating readers on unique strategies to optimize their investments and personal financial resources. In the past, prior to joining NerdWallet, Erin worked on numerous magazines and newsletters in the areas of investing, health, business and travel for Agora Publishing. Her love for traveling led to a desire for loyalty and credit card rewards to subsidize trips, and she is a pro at 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.
The majority or all of the products we feature are from our partners who compensate us. This affects the products we feature and where and how the product appears on the page. But, it doesn't affect our assessments. Our opinions are entirely our own. Here's a list and .
Table of Contents: Huge marketplace filled with cell phone dealers : Lots of pre-owned phones with Prime shipping: An excellent marketplace for those looking to buy or sell : One of the original reputable cell phone resellers and Show More
If you're shopping to purchase an Apple product and have a pile of points that have been sitting around, using those points toward your purchase is a smart method to save some cash in your wallet. Be aware, however, that the points might be more valuable if they are used for travel instead.
A list of the rewards programs that allow redemptions for Apple merchandise and gift cards are listed below.
If it's possible to redeem points for gift cards at the same rate as for cash back or a credit to your statement, it's likely to be better to purchase the Apple product outright and utilize these points in order to repay back. That way, you can earn points on your purchase, and you may get a benefit that you won't get if you pay with a gift card.
>> MORE:
Credit card reward program
Merchandise point value, in cents
Value of points on gift cards in cents
Chase Ultimate Rewards(r)
1.
1.
U.S. Bank(r) Rewards
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 cash deposits to the bank account. It's really a cash-back card, which is why it's not included in our list of cards.
>> MORE:
1. Chase Ultimate Rewards(r)
The program provides the highest value of any reward system to redeem towards Apple products. Points are worth one cent each for gifts and merchandise. So 10,000 points is worth $100.
But frequent can increase that percentage of redemption for products by 10%, 25 percent or even 50 percent depending on the type of card you're using. If you're able to put off your redemption until one of these offers is accessible, you'll get greater value for your points than you would for a statement credit card or an Apple gift card.
If you don't have enough points to make a payment using the Ultimate Rewards(r) portal, Chase will let you use any points you've earned (as as long as they pay at least 20% of the total amount) and then charge the rest of the cash balance to your card.
However, note that these options are lower than the NerdWallet uses for Chase Ultimate Rewards(r) when transferred to travel partners instead.
>> MORE:
2. U.S. Bank rewards
U.S. Bank rewards earned through cards like the Altitude and FlexPerks card suites can be redeemed for both Apple merchandise and gift cards.
Merchandise redemptions can be made by navigating to the Apple Rewards Store located in the U.S. Bank Rewards Center, where points are worth around 0.85 cents per piece depending on the retail price in the Apple store. That means 11,764 points are worth $100 when they are exchanged for merchandise.
When they're used to purchase gift cards, points are worth 1 cent each. Gift cards are available in denominations of $25, $10, $50, and $100. It means that 10,000 points will be worth $100 when used to purchase gift cards. Limited-time promotions are sometimes offered that offer a better redemption rate than this.
U.S. Bank rewards are worth 1 cent apiece when used to purchase the purpose of a statement credit or a bank transfer. Therefore, unless you have a special incentive to use points at the time of your redemption, you'd be better off buying your Apple equipment using your credit card in order to earn rewards for the purchase, and then using the points you have in your account to cover the cost by using credit to your account on a statement. Doing this gives you the added benefit of being able to shop with any store -- not only through Apple.
>> SEE:
3. Pentagon Federal Credit Union (PenFed) Rewards
PenFed provides two credit cards which earn points which can be exchanged for Apple products and gift cards.
From October 20, 2022, redemptions for merchandise can be made by navigating to the store and clicking on Apple Rewards. Apple Rewards banner. Based on retail prices from the Apple store, the redemptions for merchandise yield a value of points that ranges between 0.6 cent to 0.8 cents per cent.
The points are worth 0.85 cents each when they are exchanged for gift cards. They can be purchased in the denominations $25, $50, $100 and $250. That means 11,764 points are worth $100 when redeeming to purchase gift cards.
There's no way to convert PenFed Rewards into cash, however they can be used to make travel expenses at a cost of 1 cent each.
If you're hoping to burn your reward points on a brand new MacBook or AirPods, you'll get the best value through redeeming for gift cards, and then using them to make the purchase.
>> MORE:
4. Barclays rewards
Applications are not available for new cardholders looking to accrue Barclays rewards. But legacy cardholders of any Barclays Arrival cards or Barclays Arrival cards and those who were transferred in a product change to that of the Barclays View Mastercard are still eligible to earn and redeem rewards.
If you have one of these cards, rewards can be cashed in for Apple gift cards at the rate of 0.5 cents per piece. This means that 10,000 points are worth $50 when exchanged for gift cards. These cards are available in denominations such as $25, $50, $100 and $250.
You can also redeem your points directly for Apple merchandise, but the gift card is generally greater value. Based on the retail price direct from Apple, the redemption rate for merchandise will range between 0.3 cent to 0.5 cents per point.
They are far below the baseline value of 1 cent per point cardholders can earn when they use Barclays rewards to get statements credit towards purchases made on travel. Even if you're strapped for cash, you'd prefer to cover the cost of a flight 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 at an exchange rate of 0.85 cents per cent. The gift cards are available with denominations of 10 dollars, $25 as well as $100, $50 and $500. The points earned are worth $100 when redeeming to purchase gift cards. Similar to other issuers, AmEx also releases limited-time offers that increase the worth of points redemptions to gift cards.
While this rate is better than the 0.6 cents per point that cardholders receive when they redeem their Membership Rewards to get the purpose of a statement credit but it's still less than the baseline value of 1 cent per point when using points to instead make reservations through the AmEx Travel portal. And if you're optimizing your travel plans, both of the rates are considerably lower than the NerdWallet puts on Membership Reward points when transferring to travel partners.
>> LEARN:
6. One Rewards and Capital One Rewards
Points earned from Capital One cards (called miles) are redeemable for Apple gift cards at an amount of 1 cent each. That's 10,000 miles worth $100 when redeemed for gift cards. Gift cards are available in denominations of $25 $100, $50, $100, and $200. Similar to other issuers, occasional limited-time promotions may provide the possibility of a higher rate of redemption.
However, Capital One miles can also be used toward the cash-back option or statement credit at a value of 1 cent per point. If you're looking to purchase Apple products, you'd likely prefer charging for the purchases with your credit card, earning credit card rewards in exchange for covering the purchase cost with a statement credit or cash-back redemption. Additionally, this has the advantage of being able to shop at any store -- not just directly through Apple.
>> MORE:
7. Citi ThankYou Points
can be redeemed to purchase Apple gift cards with a value of 1 cent per point. Gift cards can be purchased in denominations of $50, $25 and $100. That means 10,000 points are worth $100 when redeemed for gift cards. This value of redemption is equivalent to the cash-back value of ThankYou points when redeemed directly into the 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 on your purchase. You can then exchange your ThankYou points for an account credit to offset the amount.
>> MORE:
8. America (r) rewards from Bank of America(r) rewards
Points earned through the Bank of America(r) credit cards can be redeemed to purchase Apple gift cards with the rate of 1 cent for each point. That's 10,000 points worth $100 when they are exchanged for gift cards. These cards are available in denominations such as $25, $50 100, $150 as well as $200, $250, and $500.
Bank of America(r) points can also be exchanged for the purpose of a statement credit or the cash transfer for a deposit account at one cent each. So if you have an abundance of Bank of America(r) rewards that you want to redeem for a new iPhone, you'd be better to make the purchase using your rewards-earning credit card and offsetting the purchase with a statement credit. This way, you'll be able to also shop around for the best price and not be compelled to buy by contacting Apple.
>> SEE:
About the author: Craig Joseph is a NerdWallet authority regarding credit cards. His work has been highlighted by the Associated Press, Washington Post and San Francisco Chronicle.
Methodology
Valuations presented herein are calculated as cents for each point (cpp) using the cost of an item by 100 and dividing by the number of points required.
Valuations presented herein are based on everyday point redemption rates and do not reflect limited-time promotions.
All merchandise valuations are presented basing on prices straight from the Apple Store.
In a similar vein...
Find the perfect credit card to suit your needs. Whether you want to pay less interest or earn more rewards, the right card's available. Answer a few simple questions and we'll narrow your search for you.
Dive even deeper in Credit Cards
Find out more money-saving strategies - straight to your inbox
Sign up and we'll send you Nerdy posts on the financial topics which matter to you the most and other ways to help you earn more out of your money.
If you enjoyed this article and you would certainly such as to receive additional info pertaining to same day payday loan online, https://www.leavec.co.kr, kindly see the site. (image: http://www.imageafter.com/image.php?image=b19nature_elements058.jpg&dl=1)