This is a bump of a post I wrote about a couple of days ago, both for those who missed the previous post, and for those who just registered for the “Shop with Points” feature, since sometimes it takes a couple of days between when you activate it and when you can use the promotion. This is a promotion that everyone who uses Amazon who is eligible should take advantage of.
Amazon has yet another huge promotion that can save you money on a purchase by redeeming just one Amex Membership Rewards point. We saw several promotions last year with “Shop with Points,” and this is one of the best ones yet.
Redeeming points on Amazon
It’s possible to redeem several rewards points currencies for purchases on Amazon using their “Shop with Points” feature, which I wrote a primer on here. The catch is that it’s almost never a good deal, since the value they give you per point is extremely low. For example, you can redeem Amex Rewards points for Amazon purchases, but you only get 0.7 cents per point, while I value the points at 1.7 cents each.
The one time it can make sense to redeem points for Amazon purchases is when there’s a great promotion, as we’re seeing right now.
The basics of the Amex Amazon promotion
Amazon is offering $30 back when you spend $60+ in one transaction and use American Express Membership Rewards points to pay for at least part of your purchase. Note that it’s possible not everyone will be eligible — you’ll have to check at the registration link.
Each member can only use this promotion once. The promotion is valid through December 31, 2019, though presumably could (and probably will) be pulled before then.
The process of taking advantage of this is easy:
- You first have to activate the offer by clicking the “Click to activate” button on this page (most people report being eligible for the offer, though some may not be)
- Then add eligible items to your shopping cart, which includes virtually anything that is sold and shipped by Amazon
- At check-out use at least one Membership Rewards point for your purchase (and that’s exactly what I’d do — I recommend redeeming exactly one point); make sure you have an Amex card linked correctly, or else this option won’t show
For example, I added a $60 Starbucks gift card to my cart. Since I have an Amex card earning Membership Rewards points linked to my account, I was asked to select how many points I wanted to redeem. I selected the equivalent of $0.01 worth of points, which is one Membership Rewards point.
As you’ll see, the total due is $29.99 — that accounts for the $30 discount, plus the one cent for which you’re redeeming points.
Make sure you don’t actually pay for your entire purchase with points, or else you’ll be getting a really bad deal.
In addition to being able to buy just about anything on Amazon, third party gift cards seem to be triggering the discount as well, so you can buy cards from popular companies like Starbucks, Uber, Southwest Airlines, Airbnb, Hotels.com, Whole Foods, and more. If you’d spend money with these companies anyway, you might as well score 50% off. Just make sure you see the discount reflected when you finalize the purchase.
There’s potentially also a Chase promotion
In addition to the above, there’s also potentially a Chase promotion where you can save $15 off a $60 purchase when you redeem at least one Ultimate Rewards point.
Not everyone will be eligible, so you can check your eligibility by trying to register at this link.
50% off an Amazon purchase of $60 is basically like free money, given that they sell just about everything. Hopefully many of you can take advantage of this offer. Over the past year or so I’ve saved several hundred dollars on Amazon purchases thanks to various “Shop with Points” promotions.
(Tip of the hat to Doctor Of Credit)