How bank card factors scored me a brand new M2 iPad Air

Final month, I demonstrated the ability of bank card factors and the way I turned a MacBook Professional bought right into a free iPhone on this submit. To my shock, most individuals loved that submit and received some big-time worth out of it. That authentic submit targeted primarily on the Chase Final Rewards ecosystem. This time, I need to offer you an instance of how one can parley Capital One Miles right into a model new M2 iPad Air and even an M2 Mac Mini!

Earlier than we begin, I need to make a fast disclaimer: I DO NOT advocate moving into bank card debt. The one true method to get worth by way of factors is to ALWAYS pay your bank card off in full each month. If not, then all of this isn’t price it. Deal with your bank card like a debit card: pay it off in full and on time. Secondly, I do assume you get probably the most worth out of your factors if you redeem them for journey; some folks simply don’t journey as a lot and are different methods to maximise their factors, and that’s what this submit is for! Lastly, this isn’t monetary recommendation. Now, let me present you how one can maximize Capital One Miles for Apple merchandise!

How do I redeem Capital One Miles for an Apple product?

Capital One’s reward program makes use of miles as its forex, however you possibly can consider these as the very same as factors. There are two foremost playing cards that I’d suggest from Capital One for the mile-earning alternatives. The Capital One Enterprise X and the Enterprise Rewards. We’re going to give attention to the Capital One Enterprise Rewards Card. There are two issues to like about this card:

• 2X miles earned per greenback spent on ANY class (will probably be necessary later)
• The signup bonus (Which is how we get the free Apple product!)

The Enterprise Reward’s present welcome provide consists of incomes 75,000 miles after spending $4,000 within the first three months of account opening. So what I like to recommend to folks is when you’ve got a big buy developing, like a marriage deposit, a brand new piece of furnishings, or a brand new MacBook, then apply for a card like this, put that spend on the brand new card, and also you instantly hit that welcome bonus! Once more, PAY THIS OFF IN FULL!

How you can use Capital One Miles to buy an Apple product

The easiest way to get probably the most “money” worth is to make use of Capital One’s Store with Amazon function. Right here’s how to do that:

• Login to your Capital One on-line account and choose View Rewards from the homepage
  • From there, choose Store with Amazon from the choices beneath.

• Hyperlink your accounts
  • You’ll then be taken to a web page the place you’re allowed to hyperlink your Capital One account along with your Amazon account.

Because the display screen exhibits, it’s as simple as linking your accounts and choosing your Capital One miles at try, if that’s the way you’d pay on your merchandise. It’s nice to see that you should utilize as few or as lots of your miles as you need. Remember the fact that with this methodology, 125 miles offers you a money worth of simply $1.00.

So a $400 Apple buy would require 50,000 miles ($400 x 125 miles).

How did I flip Capital One Miles into an M2 iPad Air?

Now that the whole lot is setup, let me stroll you thru precisely how I redeemed the miles for a brand new iPad Air. Since I utilized for the Capital One Enterprise Rewards Card I used to be ready to make use of it for a big sofa buy. As a substitute of simply utilizing money or a debit card and incomes nothing, I put the brand new sofa on the Enterprise card. I instantly paid the cardboard off so I wouldn’t have any curiosity on it. That allowed me to succeed in that minimal spend of $4000 in lower than 3 months.

I additionally get 2X per greenback spent on any buy as a perk of getting the cardboard.

75,000 miles (Signup bonus) + 8,000 miles (4000 x 2, miles earned from sofa)= 83,000 miles

83,000 miles divided by 125 (miles to money change fee) = $664

So once more, simply by signing up for the cardboard and spending how I’d usually spend I used to be in a position to get $664. I then used $599 to buy a brand new M2 iPad Air!

I need to point out that the Capital One Enterprise Rewards Card has an annual price of $95, so maintain that in thoughts. However even in case you subtract the $95 from the $664, you possibly can nonetheless purchase a brand new M2 Mac mini or the rest from the Amazon Apple retailer.

Remaining ideas

So, to reiterate, in case you are accountable with bank cards and pays them off in full every month, then that is primarily a method to get superior optimistic worth from spending. The choice is simply to make use of a debit card or money, and then you definately don’t earn any further perks. I personally want to make use of miles and factors and redeem them for journey however I needed to point out off ways in which you should utilize your hard-earned factors to get some superior Apple merchandise.

Let me know what you concentrate on this. Are you somebody who performs the miles and factors recreation? Is that this a brand new idea to you? Would you utilize your factors for Apple merchandise like this? Let’s have a dialogue within the feedback beneath!