A better example is Chase's promotion with Apple this year, which involves Chase credit card holders being able to redeem Ultimate Rewards points at a higher ra

A better example is Chase's promotion with Apple this year, which involves Chase credit card holders being able to redeem Ultimate Rewards points at a higher rate of up to 1.5 cents/point on Apple products compared to the standard rate of 1 cent/point for a limited time: https://9to5mac.com/2022/10/03/chase-apple-products-redemption-value/ https://9to5mac.com/2022/10/03/chase-apple-products-redempti... Many of Chase's credit card sign up offers provide enough points for a cardholder to obtain an iPhone through this promotion. If the cardholder does not want the iPhone, they could resell it on a marketplace. Amazon Marketplace used to be one of these marketplaces until it started restricting listings for certain brands such as Apple.