You can now use Ultimate Rewards points directly toward Apple products such as the iPhone and Apple Watch and get up to a 50% bonus. At the 50% bonus level, the redemption rate becomes 100 points = $1.50, or 1.5 cents per point. The bonus depends on which card you have, and you can see your offer by logging in to your Ultimate Rewards account. No end date is listed for this promotion.
- Sapphire Reserve: 50% bonus
- Sapphire Preferred and Ink Preferred: 25% bonus
- Freedom Unlimited, Freedom Flex, Ink Cash, and Ink Unlimited: 10% bonus (20% on AirPods)
Personally, I don’t think this is an especially great redemption, since there are still plenty of ways to buy Apple products at a discount, unless it’s a newly released item. That said, if you regularly shop on Apple’s official website, this promotion could still be useful.
When you make the purchase, you’ll be taken to Apple’s embedded storefront on the Chase website, where it will directly show how many points each product costs.
