When you’re available in the market for an Apple product and have a pile of factors gathering mud, making use of these factors towards your buy may very well be a great way to maintain some money in your pocket. Nonetheless, bear in mind that these factors might have better worth when redeemed for journey as a substitute.
A listing of the rewards packages that permit redemptions for Apple merchandise and present playing cards are proven beneath.
Within the circumstances the place it is attainable to redeem factors for present playing cards on the similar fee as for money again or an announcement credit score, it is in all probability higher to purchase the Apple product outright and use the factors to pay your self again. That means, you may earn rewards on the acquisition, and you might be entitled to buy protections that you simply will not get if you happen to pay with a present card.
Bank card reward program
Merchandise level worth, in cents
Present playing cards level worth, in cents
Pentagon Federal Credit score Union (PenFed) Rewards
American Categorical Membership Rewards
🤓Nerdy Tip
The Apple Card earns Apple Money that may be redeemed for purchases at any retailer, together with Apple, or for a money deposit to your checking account. It’s actually a cash-back card, so it is not included in our record.
1. Chase Final Rewards®
The Chase Final Rewards® program presents the perfect worth of any rewards system for redemption towards Apple merchandise. Factors are value 1 cent apiece for each merchandise and present playing cards. Meaning 10,000 factors are value $100.
However frequent limited-time presents can enhance that redemption fee for merchandise by 10%, 25% and even 50%, relying on which card you might have. When you can maintain off in your redemption till certainly one of these presents is on the market, you may get extra worth out of your factors than you’ll for an announcement credit score or Apple present card.
If you do not have sufficient factors to cowl a redemption by means of the Final Rewards® portal, Chase will allow you to apply no matter factors you might have (so long as they pay for a 20% minimal of the entire buy) and cost the remaining money steadiness to your card.
Nonetheless, notice that these choices are beneath the valuation FinanceGrabber places on Chase Final Rewards® when transferred to journey companions as a substitute.
2. U.S. Financial institution rewards
U.S. Financial institution rewards earned on the Altitude and FlexPerks suites of playing cards could be redeemed for each Apple merchandise and present playing cards.
Merchandise redemptions could be made by navigating to the Apple Rewards Retailer within the U.S. Financial institution Rewards Middle, the place factors are value roughly 0.85 cent apiece based mostly on retail costs within the Apple retailer. Meaning 11,764 factors are value $100 when redeemed for merchandise.
However when redeemed for present playing cards, factors are value 1 cent every. Present playing cards can be found in denominations of $10, $25, $50 and $100. Meaning 10,000 factors are value $100 when redeemed for present playing cards. Occasional limited-time presents will present a greater redemption fee than this.
U.S. Financial institution rewards are value 1 cent apiece when redeemed for an announcement credit score or financial institution switch. So except there is a promotional provide for utilizing factors on the time of your redemption, you would be higher off buying your Apple gear together with your bank card to earn rewards on the acquisition, then utilizing your stockpile of factors to offset the cost with an announcement credit score. Doing this offers you the additional benefit of having the ability to store at any retailer — not simply instantly by means of Apple.
3. Pentagon Federal Credit score Union (PenFed) Rewards
PenFed presents two bank cards that earn factors redeemable for Apple merchandise and present playing cards.
As of October 2022, merchandise redemptions could be made by navigating to the PenFed Rewards portal and choosing the Apple Rewards banner. Primarily based on retail costs from the Apple retailer, merchandise redemptions end in some extent worth between 0.6 cent and 0.8 cent apiece.
Factors are value 0.85 cent apiece when redeemed for present playing cards, which can be found in denominations of $25, $50, $100 and $250. Meaning 11,764 factors are value $100 when redeeming for present playing cards.
There isn’t a direct approach to convert PenFed Rewards to money, however they are often redeemed for journey purchases at a fee of 1 cent apiece.
When you’re trying to burn your rewards on a brand new MacBook or some AirPods, you may get the perfect worth by means of redeeming for present playing cards, then utilizing these in your buy.
4. Barclays rewards
Purposes are at the moment unavailable for brand spanking new cardholders trying to earn Barclays rewards. However legacy cardholders of any of the Barclays Arrival playing cards and those that had been moved in a product change to the Barclays View Mastercard are nonetheless eligible to earn and redeem rewards.
In case you have certainly one of these playing cards, rewards could be cashed in for Apple present playing cards at a redemption fee of 0.5 cent apiece. Meaning 10,000 factors are value $50 when redeemed for present playing cards, which can be found in denominations of $25, $50, $100 and $250.
You may as well redeem your rewards instantly for Apple merchandise, however the present card will typically present extra worth. Primarily based on retail costs direct from Apple, the redemption fee for merchandise will vary between 0.3 cent and 0.5 cent per level.
These charges are properly beneath the baseline worth of 1 cent per level cardholders can get once they redeem Barclays rewards for an announcement credit score in opposition to journey purchases. Even if you happen to’re strapped for money, you’d in all probability be higher off making an attempt to cowl the price of a flight or lodge room with rewards and buying Apple gear outright.
5. American Categorical Membership Rewards
American Categorical Membership Rewards can be utilized to buy Apple present playing cards at a redemption fee of 0.85 cent apiece. Present playing cards can be found in denominations of $10, $25, $50, $100 and $500. Meaning 11,764 factors are value $100 when redeeming for present playing cards. Just like different issuers, AmEx additionally releases limited-time presents that enhance the worth of factors redemptions for present playing cards.
Whereas this fee is best than the 0.6 cent per level cardholders can obtain when redeeming their Membership Rewards for an announcement credit score, it’s nonetheless beneath the baseline worth of 1 cent per level out there when utilizing factors to as a substitute ebook journey by means of the AmEx journey portal. And if you happen to’re an optimizer, each of these charges are properly beneath the worth FinanceGrabber places on Membership Reward factors when transferring to journey companions.
6. Capital One Rewards
Factors earned on Capital One playing cards (known as miles) can be utilized for Apple present playing cards at a redemption worth of 1 cent apiece. Meaning 10,000 miles are value $100 when redeemed for present playing cards. Present playing cards can be found in denominations of $25, $50, $100 and $200. Like many different issuers, occasional limited-time promotions might present an enhanced redemption fee.
However Capital One miles may also be used towards money again or an announcement credit score at a worth of 1 cent per level. When you’re in search of Apple merchandise, you’d in all probability be higher off charging the acquisition to your bank card and incomes bank card rewards, then overlaying the acquisition worth with an announcement credit score or cash-back redemption. This additionally has the additional benefit of having the ability to store at any retailer — not simply instantly by means of Apple.
7. Citi ThankYou Factors
Citi ThankYou factors could be redeemed for Apple present playing cards at a worth of 1 cent per level. Present playing cards can be found in denominations of $25, $50 and $100. Meaning 10,000 factors are value $100 when redeemed for present playing cards. This redemption worth is the same as the cash-back worth of ThankYou factors when redeemed on to a checking account or for an announcement credit score.
As an alternative of redeeming factors for present playing cards, you would be higher off shopping for that new Mac Mini together with your bank card and incomes ThankYou factors in your buy; then redeeming your ThankYou factors for an announcement credit score in opposition to the cost.
8. Financial institution of America® rewards
Factors earned on Financial institution of America® bank cards could be redeemed for Apple present playing cards at a redemption worth of 1 cent per level. Meaning 10,000 factors are value $100 when redeemed for present playing cards, which can be found in denominations of $25, $50, $100, $150, $200, $250 and $500.
Financial institution of America® factors may also be redeemed for an announcement credit score or as a money switch to a deposit account at a worth of 1 cent apiece. So when you have a pile of Financial institution of America® rewards that you simply need to redeem for a brand new iPhone, you would be higher off making the acquisition together with your rewards-earning bank card and offsetting the acquisition with an announcement credit score. This manner, you too can store round for the perfect deal and never be pressured to make your buy instantly by means of Apple.
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