Redeeming for Travel VS Redeeming for a New iPhone
Since the new iPhone 15 was recently released, I thought it would be a good time to compare the value you could get with your points by redeeming for Flights or redeeming for a new iPhone. They both sound like great ideas right? It would be nice to not have to spend any cash on either of these pricey items, but in this post I will illustrate why it could be a better idea to use your points on flights instead of a brand new iPhone as tempting as that may be. The lowest cost option for a new iPhone 15 Pro is $999.00 through the Apple website or any mobile carrier. Chase is charging 99,000 Ultimate Rewards points to buy a new iPhone 15 Pro. This is a redemption value of $0.01 per point. Not bad, but you could probably do better. American Express is charging a whopping 164,003 Membership Rewards points for the same new iPhone 15 Pro. This is a redemption value of $0.006 per point, which is obviously worse than redeeming through Chase. So, if you were to ...