For a limited time, Chase cardholders can redeem points for Apple products through Ultimate Rewards with up to a 50% bonus

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• Chase is offering a bonus when you redeem points to purchase Apple products through Ultimate Rewards.
• You'll get a 10% to 50% bonus (1.1 to 1.5 cents per point) depending on the Chase card you have.
• The Chase Ultimate Rewards Apple promotion runs through November 30, 2022.
• Read Insider's guide to the best Chase credit cards.

The holiday shopping season is upon us, and if a new phone or gadget is on your list, you could get a better deal when you redeem points to purchase Apple products through the Chase Ultimate Rewards portal.

Normally, Chase points are worth 1 cent apiece toward Apple purchases made through Chase. But through November 30, 2022, they're worth between 1.1 and 1.5 cents each, depending on which card you have.

Using credit card points to buy holiday gifts is a good way to save money if you're trying to cut costs, but you'll typically get a lower value than if you used points for other redemptions, like transfers to airline and hotel partners.

However, with this bonus, it could make more sense. Here's what to know about the promotion.

We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Buy Apple products using Chase points with a bonus

If you have a Chase Ultimate Rewards earning card, you can redeem your points directly for Apple products through the Apple Ultimate Rewards store. Most popular items, like MacBooks, iPhones, AirPods, and iPads, are offered through the portal, and the pricing is in line with what you'll see on Apple's website.

Instead of getting a value of 1 cent per point when you redeem this way, this promotion offers a 10% to 50% bonus, depending on the card you have:

With the Chase Sapphire Reserve®, Chase Sapphire Preferred® Card, and Ink Business Preferred® Credit Card, this is the same redemption rate you'll receive when using Chase points to book travel through the Chase Travel Portal.

Bottom line

You'll get the most value for Chase Ultimate Rewards points by transferring them to airline and hotel partners such as Hyatt, United Airlines, and Air Canada Aeroplan for (nearly) free travel. However, if travel isn't in your foreseeable future, this latest promotion between Chase and Apple could be a perfectly reasonable redemption for you.

We usually see this deal pop up once per year around this time. If you're unsure as to whether you'd like to use your points this way, there's a good chance you'll get another opportunity in 2023.