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Anonymous
25% for me. The main thing is there is no trade in option
2 years ago |
Anonymous
No wonder Chase started Apple points redemption early this year … our points are a liability for them. Waiting for reward redemption to hit 50-75%. See below from JPM Annual Report:
Credit card rewards liability
JPMorgan Chase offers credit cards with various rewards programs which allow cardholders to earn rewards points based on their account activity and the terms and conditions of the rewards program. Generally, there are no limits on the points that an eligible cardholder can earn, nor do the points expire, and the points can be redeemed for a variety of rewards, including cash (predominantly in the form of account credits), gift cards and travel. The Firm maintains a rewards liability which represents the estimated cost of rewards points earned and expected to be redeemed by cardholders. The liability is accrued as the cardholder earns the benefit and is reduced when the cardholder redeems points. This liability was $13.2 billion and $11.3 billion at December 31, 2023 and 2022,
2 years ago |
Anonymous
25% too.
2 years ago |
Anonymous
Good finding. We need more experts like you to unveil the real motivation behind any credit card promotion. //@Anonymous: No wonder Chase started Apple points redemption early this year … our points are a liability for them. Waiting for reward redemption to hit 50-75%. See below from JPM Annual Report:
Credit card rewards liability
JPMorgan Chase offers credit cards with various rewards programs which allow cardholders to earn rewards points based on their account activity and the terms and conditions of the rewards program. Generally, there are no limits on the points that an eligible cardholder can earn, nor do the points expire, and the points can be redeemed for a variety of rewards, including cash (predominantly in the form of account credits), gift cards and travel. The Firm maintains a rewards liability which represents the estimated cost of rewards points earned and expected to be redeemed by cardholders. The liability is accrued as the cardholder earns the benefit and is reduced when the cardholder redeems points. This liability was $13.2 billion and $11.3 billion at December 31, 2023 and 2022,
2 years ago |
Anonymous
Only 10% for me...
2 years ago |
Anonymous
Even 25% is good deal !
2 years ago |
Anonymous
It’s like reading two chipmunks talking to each other trying to figure out what humans do. Both of you are wrong and are misinterpreting “liability” in the stated context. The “liability” is based on total credit issued across cc products that have rewards tied to spending. It has more to do with spending “rebates” and is a fixed range for share holder reporting purposes. //@anonymous: Good finding. We need more experts like you to unveil the real motivation behind any credit card promotion. //@Anonymous: No wonder Chase started Apple points redemption early this year … our points are a liability for them. Waiting for reward redemption to hit 50-75%. See below from JPM Annual Report:
Credit card rewards liability
JPMorgan Chase offers credit cards with various rewards programs which allow cardholders to earn rewards points based on their account activity and the terms and conditions of the rewards program. Generally, there are no limits on the points that an eligible cardholder can earn, nor do the points expire, and the points can be redeemed for a variety of rewards, including cash (predominantly in the form of account credits), gift cards and travel. The Firm maintains a rewards liability which represents the estimated cost of rewards points earned and expected to be redeemed by cardholders. The liability is accrued as the cardholder earns the benefit and is reduced when the cardholder redeems points. This liability was $13.2 billion and $11.3 billion at December 31, 2023 and 2022,
2 years ago |
Anonymous
I don't think it is a good deal. The points are worth 25% actually equal 20% off on the iPhone. For iPhone or Apple product, sometime it is easy to find the equivalent deal for 20% off. Example, Holiday or Carrier on sale, or purchase gift cards $100 get $15 additional. However, don't forget the Chase point has another essential value that also purchase air ticket with the same deal as well as 20% off. It is not always that you can find 20% off for the air ticket. I rather spending the points on the air ticket, but not on iPhone or Apple products. //@Anonymous: Even 25% is good deal !
2 years ago |
Anonymous
Up to 50% off retail Apple products for select sapphire rewards not a good deal? Get over yourself. It’s a bonus and has nothing to do with if you want to promote Apple or not (which you obviously are trying not to). //@anonymous: I don't think it is a good deal. The points are worth 25% actually equal 20% off on the iPhone. For iPhone or Apple product, sometime it is easy to find the equivalent deal for 20% off. Example, Holiday or Carrier on sale, or purchase gift cards $100 get $15 additional. However, don't forget the Chase point has another essential value that also purchase air ticket with the same deal as well as 20% off. It is not always that you can find 20% off for the air ticket. I rather spending the points on the air ticket, but not on iPhone or Apple products. //@Anonymous: Even 25% is good deal !
2 years ago |
Anonymous
Apple shills are all over the place //@anonymous: Up to 50% off retail Apple products for select sapphire rewards not a good deal? Get over yourself. It’s a bonus and has nothing to do with if you want to promote Apple or not (which you obviously are trying not to). //@anonymous: I don't think it is a good deal. The points are worth 25% actually equal 20% off on the iPhone. For iPhone or Apple product, sometime it is easy to find the equivalent deal for 20% off. Example, Holiday or Carrier on sale, or purchase gift cards $100 get $15 additional. However, don't forget the Chase point has another essential value that also purchase air ticket with the same deal as well as 20% off. It is not always that you can find 20% off for the air ticket. I rather spending the points on the air ticket, but not on iPhone or Apple products. //@Anonymous: Even 25% is good deal !
2 years ago |
Anonymous
Thanks!
2 years ago |
Anonymous
Can this be stacked on top of my existing membership? //@Anonymous: Thanks!
2 years ago |
Anonymous
YMMV
2 years ago |
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Anonymous
woot, not amazon
2 years ago |
Anonymous
it is woot, not exactly amazon
2 years ago |
Anonymous
Keeping your iPhone in a leather MagSafe wallet is just one of many ways you can express your love for your Apple products. Hot!
2 years ago |
mutongo
updated, thanks. //@anonymous: it is woot, not exactly amazon
2 years ago |
Anonymous
That's right, this leather wallet has the latest chip which will give your iPhone the best performance //@anonymous: Keeping your iPhone in a leather MagSafe wallet is just one of many ways you can express your love for your Apple products. Hot!
2 years ago |
lyrebird
So if you lose your phone, your cards can be used by anybody since they can be validated using the phone?
1 year ago |
storm22
No, its simply a holder. //@lyrebird: So if you lose your phone, your cards can be used by anybody since they can be validated using the phone?
1 year ago |
Anonymous
The Apple chip in this leather wallet will lock up your cards and iphone when you lost them so nobody can use them at all //@lyrebird: So if you lose your phone, your cards can be used by anybody since they can be validated using the phone?
1 year ago |