How to maximize the purchase of the new Apple iPhone 16: credit card or gift card?

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Marie-Ève Leclerc
Marie-Ève Leclerc

Marie-Ève Leclerc

Marie-Ève Leclerc
Marie-Ève, Web Director at Milesopedia, is an expert in budget travel and a slow travel enthusiast. Specializing in Aeroplan, Scene+, and Marriott Bonvoy programs, she spends nearly six months a year abroad, making travel her way of life. Constantly seeking the best waves to surf, excellent coffee, and strategies to extend her travels, she is often found in coworking spaces with fellow digital nomads or by the sea, watching the sunset.
All posts by Marie-Ève Leclerc
Apple-Iphone15-Credit-Cards
To the point Planning to buy the new iPhone 16? Here are our tips for making the most of your credit cards and earning the most rewards points.

With the release of the new iPhone 16, we give you tips on how to get the most out of your purchase.

New Apple iPhone 16 smartphone and price

The next iPhone 16 and its iPhone Plus, iPhone Pro and iPhone Pro Max versions will go on sale very soon.

The price of a new iPhone 16 will be the same as last year’s iPhone 15. It starts at around $1,129 CAD. The price could go up to $2,349 CAD, if you want the iPhone 16 Pro Max model, with the biggest memory capacity.

Here are the prices that would apply to the various iPhone 16 models:

  • iPhone 16: From CAN$1,129
  • iPhone 16 Plus: From CAD$1,279
  • iPhone 16 Pro: From CAD$1,449
  • iPhone 16 Pro Max: From CAD$1,749

Which credit card should you use to protect your precious device or to simply earn more rewards points?

apple iphone 16

For mobile device insurance

To take advantage of the Mobile Device Insurance, your Apple device must be fully charged to your credit card account (or it can be financed through a plan where all monthly payments are charged to your credit card account). Otherwise, the insurance won’t be applicable in the event of an incident.

Also, make sure to keep the credit card used if there is a claim to be made. If your credit card account is closed, the insurance stops.

Many credit cards offer 2-year (from date of purchase), $1,000 Mobile Device Insurance:

Do you want a higher level of coverage?

The RBC Avion Visa Infinite Card offers 2-year, $1,500 Mobile Device Insurance.

Earn more points

To earn more points than usual, use our gift card trick. Take advantage of certain credit cards, which have an additional multiplier for groceries.

For example, with the American Express Cobalt® Card, you get 5X points on grocery purchases. There, you can buy $500 in Apple gift cards at Metro, Super C or many IGAs, to pay for your new Apple Watch Series 10 or iPhone 16.

You will earn 2,500 Membership Rewards points (5 X $500). That’s a minimum reward value of $25.

If you bought your device directly from Apple, you would have had just 500 points, as the American Express Cobalt® Card offers 1X points on “other” purchases.

Please note that a combination of Apple gift card payments and the rest of the payment charged to a credit card will void the warranty as well as the insurance. For peace of mind, purchase Apple Care+. This can also be paid for with gift cards.

Use a rewards site

Aeroplan eStore, Rakuten and Airmilesshops.ca offer you the chance to earn rewards for your online purchases.

By going through these sites BEFORE you shop at Apple, you can earn cash back, Aeroplan points or AIR MILES miles.

However, make sure to check the exclusions. The newest models are often excluded, but sometimes you may still get the reward… It’s worth giving it a try.

Otherwise, you can always buy an iPhone from last year, like the iPhone 15 Pro Max. They will most likely be sold at a lower liquidation price and will not be excluded.

To reach the minimum spend and get a welcome bonus

In order to get the biggest return on your Apple purchase, seize this opportunity to unlock a welcome bonus with a new credit card.

The purchase invoice for an iPhone 16 helps you with the expenses required to collect the bonus of two very good cards:

Each offers 40,000 Aventura points. Their precious points and four complimentary visits to airport lounges mean you can enjoy excellent value travel!

An iPhone 16 that takes you for a trip… that’s an excellent deal.

Rogers Red MastercardMD has a promotion to spread iPhone 16 payments up to 48 months.

When you purchase a new iPhone 16 at a Rogers store with your Rogers Red credit card, your monthly payments will be reduced by 50% with the Equal Installment Plan at 0% interest for 36 or 48 months.

Bottom Line

When faced with a major expense like the new iPhone 16, there are several things to consider when choosing the best credit card for the purchase.

Of course, we want to collect as many points as possible, but we must also consider insurance and warranty.

It’s up to you to weigh the pros and cons of all the factors to determine what’s right for your situation. This iPhone 16 purchase with this great accumulation of points will allow you to get it for cheap, in the end!

What is the retail price of the new iPhone 16?

The price for the new iPhone 16 is the same as last year’s iPhone 15:

  • iPhone 16: From CAD$1,129
  • iPhone 16 Plus: From CAD$1,279
  • iPhone 16 Pro: From CAD$1,449
  • iPhone 16 Pro Max: From CAD$1,749

When will the new iPhone 16 go on sale?

The pre-sale date for the new iPhone 16 is September 13, 2024 at 8:00 a.m. EDT.

When will the iPhone 16 be released?

Apple’s new iPhone 16 will go on sale to the general public on September 20, 2024.

Pre-orders begin on September 13, 2024 at 8 a.m. (EDT).

What features will the new iPhone 16 have?

Here are the new features of the new iPhone 16, which is called an artificial intelligence phone:

  • New colors
  • More powerful processor and better camera with Tetraprism Telephoto lens
  • New special button on the side of the device with touch-sensitive surface for photo capture (Camera Control)
  • Increased battery life
  • Software optimization
  • Delivered with iOS 18
  • Integration of Siri with a generative artificial intelligence function (Apple Intelligence)

Where to buy an iphone at the best price?

You have many choices!

Either on the Apple.ca website or in an electronics store like Best Buy or Bureau en gros. Don’t forget to use the online shopping portals to collect all those reward points along the way!

Come to discuss that topic in our Facebook Group!
Caroline Tremblay

Caroline Tremblay

Caroline Tremblay
Caroline, a loyalty program specialist, helps families maximize their points to travel more frequently and affordably. With expertise in Disney, AIR MILES, and Costco, she travels the world with her partner and two children through rewards. Passionate about the latest in loyalty programs, Caroline shares tips to help you earn more points and turn your travel dreams into reality.
All posts by Caroline Tremblay

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