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Which credit card rewards can be used for Apple purchases? Advertiser disclosure You’re our first priority. Everytime. We believe that every person should be able make financial decisions without hesitation. While our website doesn’t feature every company or financial product on the market however, we’re confident that the advice we provide, the information we provide as well as the tools we design are impartial, independent, straightforward — and completely free. So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site) However, it doesn’t affect our recommendations or advice that are based on many hours of study. Our partners do not be paid to ensure positive review of their services or products. . Which Credit Card Rewards Can Be Used for Apple Purchases? Most issuers permit you to redeem points to purchase Apple gifts and merchandise. Although it may not be the greatest price, it can help you save some cash. By Craig Joseph Lead Writer | Credit cards, Travel rewards, Personal financial Craig Joseph is a NerdWallet lead writer and credit cards expert. He holds master’s degrees in geoology from West Virginia University and oceanography from Oregon State University and has been published in academic journals, newspapers and blogs. Craig is committed to personal finance and wants to increase the financial literacy of all he meets. Craig will probably try to convince you that rocks are cool. Dec 19 2022, 2022 Edited by Erin Hurd Assistant Assigning Editor Credit cards reward Personal finances Erin is a credit card and travel reward expert with NerdWallet. The work she has done for NerdWallet was published in Yahoo, Nasdaq, TheStreet, International Living, The Daily Reckoning, Personal Finance and FinanceBuzz. She is passionate about harnessing the power of credit card loyalty rewards to travel all over the world. When she’s not writing, she’s planning her next adventure with her family of four using points and miles. Email:

A majority of the items featured on this page are provided by our partners who compensate us. This affects the products we review and where and how the product is featured on a page. However, this doesn’t influence our evaluations. Our views are our own. Below is a list and . Table of Contents Show More If you’re on looking to purchase an Apple product but have points that have been sitting around, putting these points to the purchase might be a smart method to save some cash in your pocket. However, be aware that those points may be worth more when used for travel instead. A list of rewards programs that allow redemptions for Apple products and gift cards are shown below. If it’s possible to redeem points for gifts cards with the exact time as cash back or a statement credit it’s likely to be better to buy the Apple product outright and make use of points to pay back. That way, you can earn rewards for the purchase, and you may get benefits which you can’t use a gift card to pay. >> MORE: Credit card reward program Merchandise point value, in cents Gift points value of cards, per cent The 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. Bank of America Rewards N/A. 1. Tips for the Nerdy Apple cash that can be used to purchase items at any retailer, including Apple or as an immediate cash deposit into the bank account of your choice. It’s actually a cash-back credit card, and therefore isn’t included in our list. >> MORE: 1. Chase Ultimate Rewards(r) This program gives the highest value of any rewards program for redemption towards Apple merchandise. Points are worth one cent each for merchandise and gift cards. That means 10,000 points are worth $100. However, frequent use can boost the rate of redemption for merchandise by 10%, 25 percent, or even 50% depending on the type of card you’re using. If you are able to put off your purchase until one of these deals becomes offered, you’ll receive greater value from the points than for a statement credit or Apple gift card. If you don’t have enough points cover a redemption via the Ultimate Rewards(r) portal, Chase will let you apply whatever points you have (as long as they cover the minimum amount of 20% of the purchase) and charge the remainder of the cash balance to your card. However, note that these options are below the limits that NerdWallet uses for Chase Ultimate Rewards(r) when transferred to travel partners rather than. >> MORE: 2. U.S. Bank rewards U.S. Bank rewards earned on cards like the Altitude and FlexPerks range of cards are redeemable for Apple gifts and merchandise. Merchandise redemptions can be made through the Apple Rewards Store within the U.S. Bank Rewards Center, where points are worth about 0.85 cents each depending on the retail price in Apple’s Apple store. That means 11,764 points are worth $100 when they are exchanged for items. But when redeemed for gift cards, the points are worth 1 cent each. Gift cards are available in denominations of $10, $25 $50, $100 and $1000. It means that 10,000 points will be worth $100 when used to purchase gift cards. Occasional limited-time offers will provide an even higher rate of redemption than this. U.S. Bank rewards are worth 1 cent apiece when used to purchase an account credit or a bank transfer. Therefore, unless you have a special offer for using points prior to the redemption, you’d be better off buying your Apple gadgets using your credit card to earn points on your purchase and then making use of your points stash to offset the charge with credit to your account on a statement. It also provides you with the advantage of being able to shop at any retailer -and not only through Apple. >> SEE: 3. Pentagon Federal Credit Union (PenFed) Rewards PenFed provides two cards to reward points which can be exchanged in exchange for Apple gift cards and merchandise. As of October 20, 2022, redemptions for merchandise can be made by navigating to the Apple Rewards banner and then selecting an Apple Rewards banner. Based on retail prices found in Apple’s Apple store, merchandise redemptions will result in a value of between 0.6 cent and 0.8 cent apiece. Points are worth 0.85 cents each when they are exchanged to purchase gift cards. Gift cards are available in denominations of $50, $25, $100 and $250. That means 11,764 points are worth $100 when you redeem them for gift cards. There is no direct way to convert your PenFed Rewards points into cash, but they can be used to purchase travel purchases at a rate of one cent per item. If you’re looking to burn your rewards on a new MacBook or a few AirPods You’ll benefit the most by using gift cards to redeem them, or using them to make the purchase. >> MORE: 4. Barclays rewards programs are currently not accessible to new cardholders who want for Barclays rewards. But legacy cardholders of any among the Barclays Arrival cards and those who were transferred into a new product, such as that of the Barclays View Mastercard are still in a position to earn and use rewards. If you own either of them, the rewards can be converted into Apple gift cards with a redemption fee of 0.5 cent apiece. That’s 10,000 points worth $50 when exchanged for gift cards. These cards are available in denominations of $25, $50, $100 and $250. You may also redeem your rewards in-person to purchase Apple merchandise, but a gift card is generally more 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. These rates are well below the baseline value of one cent per point that cardholders receive when they exchange Barclays rewards for credit on their statement against travel purchases. If you’re in need of cash, you’d probably prefer to cover the cost of a flight or hotel room with rewards and purchasing Apple equipment for yourself. 5. American Express Membership Rewards American Express Membership Rewards are able for the purchase of Apple gift cards with a redemption rate of 0.85 cents per piece. Gift cards are available in denominations of $10 $25 as well as $100, $50 and $500. This means that 11,764 points can be worth $100 when used to purchase gift cards. Similar to other issuers, AmEx also has limited-time offers which increase the value of points redemptions that are used to purchase gift cards. While this is more than 0.6 cent per point cardholders get when they redeem their Membership Rewards to get an account credit on their statement, it is still below the baseline value of 1 cent per point when using points to instead purchase travel via their AmEx travel portal. And if you’re an optimizer, both of the rates are considerably lower than the rate that NerdWallet gives to the Membership Rewards points you transfer into travel partner. >> LEARN: 6. Capital One Rewards Points earned through Capital One cards (called miles) can be used for Apple gift cards with the rate of one cent apiece. This means that 10,000 miles are worth 100 cents when they are exchanged for gift cards. Gift cards are offered in denominations of $25, $50, $100 , and $200. Similar to other issuers, periodic limited-time promotions can offer the possibility of a higher rate for redemption. However, Capital One miles can also be used to purchase the cash-back option or statement credit at a value of 1 cent each. If you’re looking for Apple products, you’ll probably prefer to charge the purchase to your credit card and earning rewards on your credit card in exchange for covering the purchase cost with a statement credit or cash-back redemption. It also comes with the advantage of being able buy from virtually any retail store — not just directly through Apple. >> MORE: 7. Citi ThankYou Points can be used to purchase Apple gift cards with one cent each. Gift cards are available in denominations of $50, $25 and $100. That means 10,000 points are worth $100 when redeemed for gift cards. The value of redemption is equivalent in cashback to ThankYou points when redeemed directly to a bank account or for credit to a statement. Instead of redeeming points for gift cards it is better to consider purchasing that brand Mac Mini that’s brand new Mac Mini with your credit card and earning ThankYou points for your purchase, and then redeeming your ThankYou points to receive an amount that can be used to pay for the charge. >> MORE: 8. Bank of America(r) rewards Points earned with the Bank of America(r) credit cards can be redeemed for Apple gift cards at a redemption value of 1 cent each. That means 10,000 points are worth $100 when exchanged to purchase gift cards. Gift cards can be purchased in denominations of $25 50, $100, $150, $200, $250 and $500. It is also possible to redeem Bank of America(r) points can be used for a statement credit or as the cash transfer for a deposit account at a value of 1 cent apiece. So , if you’ve got 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 credit card with rewards earning and offsetting the purchase with a statement credit. In this way, you can also shop around for the most affordable price and not be forced to make your purchase via Apple. Read more about the author: Craig Joseph is a NerdWallet authority on credit cards. The work of his has been highlighted on the Associated Press, Washington Post and San Francisco Chronicle. Methodology Valuations presented herein are calculated in cents per points (cpp) using the dollar cost of an item by 100 and dividing by the number of points needed. The valuations provided herein are based on daily point redemption rates and do not reflect limited-time promotions. All merchandise valuations are presented using prices directly from the Apple Store. On a similar note… find the right credit card for you. Whether you want to lower your interest rate or earn higher rewards, the right card’s out there. Answer a few simple concerns and we’ll refine down the results for you. Get even deeper into Credit Cards Discover more intelligent money moves delivered directly to your inbox. Sign-up and we’ll email you Nerdy posts on the money topics which matter to you the most along with other ways to get the most from your money. Make the best financial decisions

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