Amazon Pay With Points Offer
If you have been following along with the site for the last week or two then you know that I love myself a good Amazon pay with points offer. The best part is there are actually quite of a few of them too. They run these deals a few times per year, with a variety of credit cards and credit card points. Because of that I wanted to put together a lineup of all of the current pay with points offers that Amazon has. We will add to this list as new ones come out over time too.
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What Is Pay With Points?
Amazon, like many retailers, lets you redeem some bank and credit card points towards the cost of your Amazon purchase. They love this, as do the banks, because the rates are usually worse than you would get elsewhere. Oftentimes, much worse actually. We are talking about getting less than 1 cent per point for some of these redemptions. That may have you wondering why I am writing about it then? That is because many of these banks run promotions to entice you to redeem points on Amazon. Think getting $80 off your purchase for redeeming $5 worth of points. Sometimes it only requires one single point or penny to cash in on the deal.
They do this so that you set up pay with points on your account and are tempted to use points in the future. They also hope that you don't notice you could paying for that entire promo charge with your points. Be careful out there, you will want to double check this when redeeming. You only want to use what you need to trigger the promotion.
When people redeem their points at checkout purchases like this it comes at a much lower cost to the banks versus you using the points for travel partners. It is often even worse than simply redeeming your points for straight cash. Look at the Prime Visa card for example. If you use your points earned at checkout, like they so often beg you to do, then you miss out on the 5%+ earning you would get by paying for your Amazon purchase with the card. You should redeem them as a statement credit at the same one cent per point instead. That gives you the same redemption, but you are earning extra cash back, or points, in the process.
Why You Want To Set Up Your Accounts Now
It is still a good idea to have these options all set up so you are ready for any deals as they come up. It also helps you get targeted for these Amazon pay with points offers. Just be sure that you toggle off the option to automatically apply points at check out. You can activate all of your Amazon pay with points options HERE. You will want to add any cards with a points program to your Amazon account to set those up too, if they are not already.
Current Offers
Here are the current Amazon pay with points offers that we are aware of. This will be a mix of using points and cashback towards the purchase price. There are also some deals just for adding a specific credit card type. They are all targeted offers, but we have links in our write ups for you to check your Amazon account is targeted:
- Up To $80 Off Amazon With Just 714 Membership Rewards Points
- Get Up To $50 Off Amazon With Just 125 Citi ThankYou Points
- Up To $50 Off Amazon With 1 Penny Of Discover Cashback
- $15 Off Amazon By Adding Your American Express Card (Targeted)
- Get $40 Off Amazon With Just 1 Penny Of Amex Cashback
There have also been deals for Chase Ultimate Rewards, Capital One, Navy Federal Credit Union and US Bank in the past. We will let you know when, or if, any of those return in the future.
Amazon Pay With Points Offer: ToP Thoughts
Hopefully everyone reading this is able to lock in a few of these deals. Even though paying with points is normally a bad deal, these offers can be an exception offering great returns. Just be cautious on redeeming more points than you need to. Also, be sure that you don't set up your account to redeem points on future purchases. Well, what are you waiting for? Get those pay with points accounts set up and start checking this offers! Let us know if you get lucky over in the ToP Facebook Group.
