Which Credit Card Rewards Can Be Used for Apple Purchases? Advertiser disclosure You’re our first priority. Each time. We believe that every person should be able make financial decisions without hesitation. Although our site doesn’t include every business or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are independent, objective easy to use and free. How do we earn money? Our partners pay us. This could influence the types of products we review and write about (and where those products appear on the site) However, it doesn’t affect our suggestions or recommendations, which are grounded in many hours of research. Our partners are not able to promise us favorable ratings of their goods or services. . Which Credit Card Rewards Can Be Used for Apple Purchases? Most issuers permit you to redeem points in exchange for Apple gifts and merchandise. Although it may not be the most value, it could aid in saving money. This article was written by Craig Joseph Lead Writer | Credit cards, Travel rewards Personal finances Craig Joseph is a NerdWallet lead writer and credit cards expert. He has master’s degrees in geoology from West Virginia University and oceanography from Oregon State University and has published articles in newspapers, academic journals and blogs. Craig is enthusiastic about personal finances and hopes to enhance his financial knowledge of everyone who he meets. He’ll probably also try to convince you why rocks are cool. Dec 19 2022, 2022 Edited by Erin Hurd Assistant Assigning Editor Credit cards reward financial planning, personal finance Erin is an expert in credit cards and travel reward expert with NerdWallet. Her work has been featured in Yahoo, Nasdaq, TheStreet, International Living, The Daily Reckoning, Personal Finance and FinanceBuzz. She’s passionate about harnessing the power of credit card and loyalty rewards to explore all over the world. When she’s not writing, she’s preparing the next trip for her four children using points and miles. Email:

A majority of the products we feature are from our partners who compensate us. This impacts the types of products we write about and the location and manner in which the product appears on the page. However, this doesn’t affect our opinions. Our views are our own. Here is a list of and . TABLE OF CONTENTS Find More Information If you’re in the market for an Apple product and have an accumulation of points collecting dust, applying these points to your purchase could be a smart method to save some cash inside your pockets. However, be aware that these points could have greater value when redeemed to travel. A list of the reward programs that permit redemption for Apple products and gift cards are shown below. In the cases where you can redeem points for gifts cards with the exact rate as cash back or a statement credit it’s best to purchase the Apple product directly and make use of points to pay back. That way, you can earn rewards for the purchase, and you may be entitled to that you wouldn’t be able to get if you pay with a gift card. More Credit card reward program Merchandise point value, in cents Gift points value of cards, in cents Chase Ultimate Rewards(r) 1. 1. U.S. Bank(r) Bonuses 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. Nerdy Tip The earns Apple cash that can be redeemed for purchases at any retailer, including Apple, or for an immediate cash deposit into your bank account. It’s really a cash-back card, which is why it’s not included in our list. >> MORE: 1. Chase Ultimate Rewards(r) The program offers the most value out of any rewards system for redemption toward Apple merchandise. Points are worth one cent for each item, which includes gift cards and merchandise. So 10,000 points is worth $100. However, frequent usage can raise the amount of merchandise that you can redeem by 10%, 25 percent or even 50 percent depending on the card you own. If you’re able to hold off on your redemption until one of these deals becomes offered, you’ll receive more value out of your points than for a statement credit card or an Apple gift cards. If you do not have enough points to cover a redemption via the Ultimate Rewards(r) portal, Chase will let you use any points you’ve earned (as long as they cover the minimum amount of 20% of the total purchase) and charge the remaining balance in cash to your card. Be aware that these choices are not as good as the restrictions that NerdWallet offers on Chase Ultimate Rewards(r) when transferred to travel partners instead. >> MORE: 2. U.S. Bank rewards U.S. Bank rewards earned with these cards, the Altitude and FlexPerks range of cards can be used to purchase Apple gifts and merchandise. The redemption of merchandise is possible by navigating to the Apple Rewards Store within the U.S. Bank Rewards Center where points are worth around 0.85 cents each according to retail prices at Apple’s Apple store. This means that 11,764 points are worth $100 when used to purchase items. However, when they are used to purchase gift cards, the points can be worth one cent. Cards are offered in increments of $10, $25, $50 and $100. That means 10,000 points are worth $100 when redeemed for gift cards. Limited-time promotions on occasion will offer an even higher rate of redemption than this. U.S. Bank rewards are worth 1 cent when they are redeemed for a statement credit or bank transfer. If there’s no promotional offer for using points at the time of the redemption, you’d be better off purchasing your Apple gadgets using your credit card, earning rewards on the purchase, and then using your stockpile of points to offset the charge with a statement credit. Doing this provides you with the benefit of being able shop at any retailer -and not just through Apple. >> SEE: 3. Pentagon Federal Credit Union (PenFed) Rewards PenFed provides two cards to earn points that can be redeemed to purchase Apple gift cards and merchandise. From October 2022, merchandise redemptions can be done by going to the Apple Rewards banner and then selecting Apple Rewards. Apple Rewards banner. Based on the retail price of The Apple store, redemptions of merchandise result in a point value of between 0.6 cent to 0.8 cent per cent. The points are worth 0.85 cents when exchanged for gift cards, which can be purchased in the denomination of $50, $25, $100 and $250. So, 11,764 points will be worth $100 when redeeming to purchase gift cards. There’s no method to convert the PenFed Rewards into cash, however, they are redeemable for travel-related purchases at a cost of one cent per item. If you’re hoping to spend your reward on a brand new MacBook or a few AirPods, you’ll get the best value through using gift cards to redeem them, or using them to make the purchase. >> MORE: 4. Barclays rewards Applications are not available for new cardholders looking to earn Barclays rewards. However, cardholders who have been using the legacy version of one of the Barclays Arrival cards and those who were transferred in a product change to the Barclays View Mastercard are still qualified to earn and redeem rewards. If you have one of these cards, you can earn rewards that can be converted into Apple gift cards with a redemption fee of 0.5 cents per piece. That’s 10,000 points worth $50 when exchanged for gift cards, which are available in denominations of $25 to $100, $50, $100 or $250. You can also use your rewards directly to purchase Apple merchandise, but the gift card will generally provide greater value. Based on the retail price direct from Apple, the redemption rate for merchandise will range between 0.3 cent and 0.5 cents per point. The rates are considerably lower than the standard value of 1 cent per point cardholders can receive when they exchange Barclays rewards to get an account credit to use towards purchase of travel items. If you’re in need of cash, you’d probably be better off trying to pay for an airline ticket or hotel room by redeemed rewards or buying Apple gear outright. 5. American Express Membership Rewards American Express Membership Rewards are able to purchase Apple gift cards at an exchange rate of 0.85 cents per piece. Gift cards are available in denominations of $10, $25, $50, $100 and $500. The points earned can be worth $100 when used to purchase gift cards. As with other issuers AmEx also has limited-time offers that boost the worth of points redemptions to gift cards. While this rate is better than the 0.6 cent per point cardholders are able to receive when they redeem their Membership Rewards points for an account credit on their statement but it’s still less than the base value of 1 cent per point by using points to purchase travel via the AmEx travel portal. If you’re an optimizer, both of these rates are significantly lower than the NerdWallet puts on points earned from Membership Rewards when you transfer them to travel partners. >> LEARN: 6. Capital One Rewards Points earned on Capital One cards (called miles) can be exchanged for Apple gift cards at the rate of one cent per piece. That means 10,000 miles will be worth 100 cents when they are exchanged for gift cards. Gift cards are offered in denominations of $25 or $50, $100 or $200. As with other issuers occasional limited-time promotions may provide the possibility of a higher rate for redemption. But Capital One miles can also be used towards the cash-back option or credit on a statement at the rate of 1 cent each. If you’re searching for Apple products, you’d probably prefer to charge for the purchases with your credit card, earning rewards on your credit card in exchange for covering the purchase price with cash-back or statement credit redemption. This also has the added benefit of being able buy from virtually any retail store that you want to, not just through Apple. >> MORE: 7. Citi ThankYou Points can be used to purchase Apple gift cards at one cent each. They are offered in denominations as high as $25, $50 , and $100. That means 10,000 points are worth $100 when used to purchase gift cards. This value for redemption is equal in cashback to ThankYou points when they’re redeemed to a bank account or for credit to a statement. Instead of using points to purchase gift cards it is better to consider purchasing that brand new Mac Mini with your credit card and earning ThankYou points on the purchase. You can then exchange your ThankYou points to receive an account credit to offset the cost. >> MORE: 8. Bank of America(r) rewards Points earned on Bank of America(r) credit cards can be redeemed for Apple gift cards with the rate of 1 cent per point. That means 10,000 points are worth $100 when redeemed for gift cards. They are available in denominations such as $25, $50, $100, $150, $200, $250 and $500. It is also possible to redeem Bank of America(r) points can be redeemed for an account credit on a statement or the cash transfer for an account for deposit at a value of 1 cent each. If you’ve got an abundance of Bank of America(r) rewards which you’d like to exchange to buy a new iPhone however, you’d be better off making the purchase with your rewards-earning credit card and then recouping the cost with the credit on your statement. This way, you can look around for the best price and not be compelled to purchase the item via Apple. Read more about Author: Craig Joseph is a NerdWallet authority regarding credit cards. His work has been featured in the Associated Press, Washington Post and San Francisco Chronicle. Methodology Valuations presented herein are calculated as cents per point (cpp) when you multiply the dollar cost of the item by 100, then dividing the result by the number points required. The values given herein are based upon everyday point redemption rates and do not include special-occasion promotions. The valuations of all merchandise are based on prices taken direct from Apple Store. Similar to… Choose the perfect credit card for you. Whether you want to pay lower interest or earn reward points, the right card is out there. Answer a few simple questions and we’ll narrow the selection for the right card for. Get even deeper into Credit Cards Get more smart money moves delivered directly to your inbox Sign up and we’ll send you Nerdy articles about the topics in finance which matter to you the most as well as other methods to get the most from your money. Take all the appropriate financial decisions

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