Great Deal: Save $50 On Amazon With Amex

Filed Under: Great Deals
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Over the past year or so we’ve seen some incredible opportunities to redeem a small number of points towards an Amazon purchase to score a heck of a deal. Another one of these promotions is back, and I’m even targeted even though I’ve taken advantage of a similar deal in the past… so hopefully others are as well.

This is the gift that keeps on giving, and is such an easy way to save $50 on an Amazon purchase.

Amazon Shop With Points

It’s possible to redeem several rewards points currencies for purchases on Amazon, through the Shop With Points program.

The catch is that it’s almost never a good deal, since the value they give you per point is extremely low. For example, here’s how much value you can get with certain points through Amazon, compared to what I value those points at:

  • Amex Membership Rewards: 0.7 cents per point, though I value them at 1.7 cents
  • Chase Ultimate Rewards: 0.8 cents per point, though I value them at 1.7 cents each
  • Citi ThankYou: 0.8 cents per point, though I value them at 1.7 cents each
  • Hilton Honors: 0.2 cents per point, though I value the points at 0.5 cents

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.

Redeem One Amex Point To Save $50 With Amazon

Amazon is offering 20% off a purchase (maximum discount of $50) when you use American Express Membership Rewards points to pay for at least part of your purchase. In other words, you’d get $50 off a $250 purchase, which is incredible.

Note that it’s possible not everyone will be eligible — you’ll have to check at the registration link.

I figured I wouldn’t be eligible, given that I’ve taken advantage of similar offers in the past, as recently as November 2019. Though much to my surprise I was eligible, and could activate the offer.

The promotion is valid through February 29, 2020, or until 80,000 customers have redeemed this offer, whichever comes first.

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 (not everyone will be eligible, though hopefully many/most of you are)
  • Then add eligible items to your shopping cart, which includes virtually anything that is sold and shipped by Amazon (this includes third party gift cards)
  • 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)

For example, I added a $200 third party 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 discount is reflected on the purchase page, and I was asked to pay $159.99 for a $200 purchase.

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 UberSouthwest AirlinesAirbnb, Whole Foods, DoorDash, Starbucks, 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.

In the event you’re able to activate the offer but then have issues at check-out applying the promo, try to change the Amex card you’re using for the Pay With Points feature for this particular purchase, ideally to one that you haven’t used with this promo in the past.

Bottom Line

$50 off an Amazon purchase of $250+ is basically like free money, given that they sell just about everything. Hopefully many of you can take advantage of this offer.

Is your Amazon account eligible for this offer, and do you plan on taking advantage of it?

(Tip of the hat to Doctor Of Credit)

Comments
  1. Thanks again – same as last time, Whole Foods gift cards for a total of exactly $250. Interestingly it does not work for “Amazon Gift cards in a mini-envelope”, so they do block a few items.

  2. I seem to get this three times a year (prime day, cyber monday and one random time like this)
    This is one of the biggest reasons i keep the platinum amex, since its usually an extra $100 i can count on each year in benefits.

  3. Used three times since yesterday. Easy money. 1 pt each time. This last purchase was for an iTunes/Apple Store gift card valued at $100 for $80! Boom.

  4. Ugh. Just be careful that if you want to buy something in particular, it has to be “sold by Amazon” not just Amazon fulfilled. I am in the middle of a remodel and had to order a sink and it didn’t work because it was “fulfilled by Amazon”. I guess I’ll have to do some gift cards.

  5. So this is a new one…. Got the discount. Placed an order. E-mail confirmation is correct. Amazon charged my card full price.

    This is what they’re standing behind… Because my order had free shipping, that’s a “promotion” and promotions can not be combined. Um, no.

  6. Often I’m not eligible for these but it worked today for me ! I have a Green, Gold and Plat Amex (although will probably get the biz plat upon the next annual fee charge and will close my gold as well next year and just keep the green)…saved me $50 on an Airbnb GC that I have a use for today 🙂

    Thanks for the heads up Lucky!

  7. Worked for me! Purchased a piece of briggs and rileys luggage snd recieved the $50 off. Im hoping going through rakuten nets a 3.5% points on luggage from amazon. It should but i fond Amazon is hit and miss on rakuten.

  8. Mine is eligible, but only through January. Terms and Conditions say: “The promotion will end on the earlier of (a) 11:59 PT on 1/31/2020, or (b) the time at which 80,000 customers have redeemed the offer.”

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