Ask Mr. Credit Card Presents the Apple Products Reward Points Study: Which Credit Card Reward Program Is Best For Getting Apple Products?

WAYNE, Pa., Dec. 20, 2011 /PRNewswire/ -- The research team from Ask Mr. Credit Card just completed a study that reveals the number of reward points required to redeem Apple products from all of the major credit card issuers. The purpose of the study was to see if it made economic sense to use reward points to purchase Apple products, and also to see which reward program required the least number of points for redemption.

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According to Brooke Kaelin, editor of Ask Mr. Credit Card, "Using reward points in exchange for Apple Products in a credit card reward program yields less than a 1% rebate or return on your reward points. The exception to this rule is the Ultimate Rewards program from Chase where you do get 1% and slightly more. Citi's ThankYou Rewards and Bank of America's WorldPoints require slightly more points than Chase, and yield just slightly less than 1% in returns. You should avoid using Membership Reward points or reward points from Capital One for Apple products."

The credit card issuers involved in the study included Chase, CitiBank, Bank of America, Capital One, and American Express. The reward programs were the Ultimate Rewards from Chase, ThankYou from Citi, WorldPoints from Bank of America, Capital One's reward program (no name), and Membership Rewards from American Express.

For more information you can review the complete Apple Products Reward Points study and info-graphic at Ask Mr. Credit Card.

http://www.askmrcreditcard.com

Ask Mr. Credit Card provides updated and comprehensive credit card reviews, editor's recommendations, reward point studies, and financial calculators.

SOURCE Ask Mr. Credit Card