If you’re sitting on a stash of Chase Ultimate Rewards points, this is one of the better ways to stretch them right now — especially heading into summer.
Chase is offering discounted gift card redemptions through the Ultimate Rewards portal: 15% off Apple gift cards and 10% off Home Depot, Lowe’s, Instacart, Uber, PetSmart, and Choice gift cards, among others.
Why This Actually Matters
Most points redemptions hover around 1 cent per point. When Chase discounts gift cards by 10–15%, your points effectively buy more purchasing power than a straight cash-back redemption — without needing to hunt for a transfer partner or premium travel booking.
For Southern families in the thick of summer, the timing on a few of these brands is hard to ignore:
- Home Depot and Lowe’s at 10% off is real money when you’re running an AC unit overtime, replacing a water heater, or starting a back-porch project before the heat peaks in July.
- Instacart at 10% off is a quiet win if you’re doing grocery delivery to dodge the midday heat — or prepping for a party weekend.
- Uber at 10% off covers rides, Uber Eats orders, or airport runs as summer travel picks up.
- PetSmart at 10% off hits for anyone stocking up on flea and tick prevention before the season gets serious.
- Apple at 15% off is the standout. Whether you’re eyeing back-to-school tech in a few months or just topping up an existing Apple account for apps and subscriptions, 15% is legitimately strong.
Who This Is Best For
This deal rewards people who already spend regularly at these stores. If you run home improvement projects through Home Depot or Lowe’s — even just seasonal stuff — a 10% discount on gift cards you’ll use anyway is essentially free money.
Chase Sapphire Reserve cardholders get the most from this because their points are already worth 1.5 cents toward travel, but a 15% gift card discount can close that gap for practical, everyday spending. Sapphire Preferred holders running a points surplus after a signup bonus [AFFILIATE:chase_sapphire_preferred] will find this a clean, no-fuss redemption.
A Few Caveats
Gift card deals through bank portals typically run for a limited window — they’re not permanent catalog pricing. Availability can shift without much notice, and there are usually per-transaction or per-card limits on how much you can load. The Doctor of Credit post (linked below) has the most current details on caps and any fine print.
Also worth knowing: if you haven’t opened a Chase card yet, the signup bonuses on Sapphire Preferred and Reserve are substantial enough that new cardholders could earn the bonus and then immediately put those points to work on discounted gift cards. That’s a meaningful stack.
Bottom Line
10–15% off gift cards you’d buy anyway is one of the cleaner points-redemption plays out there — no airline award charts, no blackout dates. If you have Chase Ultimate Rewards points collecting dust, log in and grab what’s relevant before the offer changes.
Full deal details and current availability at Doctor of Credit