You Can Save Money on Amazon Purchases by Using Credit Card Points — Here’s How

Photo to accompany story about how to save money on Amazon purchases. Getty Images

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If you have a credit card that earns points you can use for travel—which is definitely not on the agenda these days—you might be tempted to use them for online shopping instead. 

Amazon, the world’s largest online retailer, lets you pay using credit card points from a number of issuers. 

While it may seem like an appealing offer —  it’s a chance to convert your miles into cash — we’d advise against doing so. Your points and miles have value, and you’re typically going to get a much better bang for your buck by using them for travel. 

But there’s one exception—and it’s a great opportunity to score a one-time deal. 

Credit card issuers are hosting limited-time promotions, where you can use your points to save a good chunk of change.

Here’s how it works, depending on what type of credit card you might have. Keep in mind that all of these offers are targeted, meaning you must be eligible to claim them.

American Express, for example, is currently running a promotion where you can get 40% off your Amazon order, up to $50 off, when you use your points. You’ll want to check  if you’re eligible first. Once you’re done entering your card information, head to checkout and add “.01” when prompted to pay with American Express Membership Rewards points in the “Choose a payment method” section.

By using only one point — worth about two cents — you’re using the least amount of points possible to unlock the discount. 

If you’re eligible, you’ll want to take advantage of this promotion sooner rather than later. It will expire after 30,000 customers use it or on September 30 at 11:59 p.m. PT.

Chase is running a similar promotion. Right now, you can save $15 off your $50 minimum order by using just one Chase Ultimate Rewards point.

Pro Tip

With travel paused, you can use your credit-card points to save money on your Amazon purchases instead of redeeming them for flights, hotels or rental cars.

To see if you’re eligible, first check to make sure your Chase Ultimate Rewards-earning card is linked to Amazon. Once you’ve done that, check this link to see if you’re targeted for the promotion, and click “Activate now.”

The same principle applies here, too: You’ll only want to use just one of your Chase points at checkout — also worth about two cents — and you’ll get the $15 off your purchase. That’s definitely a worthwhile trade.

Keep in mind this promotion is valid through October 31 at 11:59 p.m. PT or after 46,667 people redeem the offer.

As an added bonus, if you have the Chase Freedom card, you’ll want to use that for the rest of your purchase, since it will currently net you an additional 5% cash back on both Amazon and Whole Foods purchases through September 30, 2020.

Citi is also featuring a similar promotion, where you can save 20% off (up to $30) on your next order by using just one Citi ThankYou point. You can find out here whether you’re eligible for the promotion. The best part of is that you can take advantage of it up to two times, whereas you can only use the other two promotions only once.

If you’re eligible, you’ll want to add “.01” points from your Citi card in the “Payment Method” section.

Since all of these offers are only short-term, act soon to take advantage of the discounts. They do pop up frequently, though, so keep an eye out for them in a few months’ time.