The different options are Amex Membership Rewards Points at Amazon, but In the event you?

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  • Amazon Rewards Visa Signature Card

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Amazon.com is really a one-stop shop for just about?every purchase you need to make. If you have a united states Express card that earns Membership Rewards points, you should use your points to pay for your Amazon purchases. But?it’s not the best redemption option. Continue reading to learn more about the Amazon Shop with Points program.

American Express Membership Rewards points redemption value

You may use your Membership Rewards suggests buy stuff on Amazon, however this redemption option has a low value compared with?other rewards -?only 0.7 cents per point. Which means that?if you have 10,000 points, you are able to exchange them for $70 price of Amazon merchandise. There’s no minimum redemption amount.

Yet,?most Membership Rewards redemption options offer higher values. Typically, you should hold on for rewards with points values of 1 cent or even more. Take a look at our American Express Membership Rewards overview for more information about the different redemption options and their values.

Better options for Amazon purchases

Frequent Amazon shoppers can get a much better value along with other?cards like the Amazon Rewards Visa Signature Card or Chase Freedom®.

The Amazon Rewards Visa Signature Card offers 3% back on Amazon.com purchases; 2% at gas stations, restaurants, drugstores and office supply stores; and 1% back on everything else. You can redeem your rewards for Amazon purchases. Plus, an Amazon.com Gift certificate will be instantly loaded into your Amazon.com account upon the approval of your charge card application. The card’s?$0.

The Chase Freedom® offers 5% back on rotating bonus categories (as much as $1,500 spent per quarter) and 1% back for those other spending. Listed here are the current bonus categories:

Chase Freedom® bonus rewards categories for 2019
Q1 (Jan. 1 – March 31) Gas stations, tolls and drugstores
Q2 (April 1 – June 30) Home improvement stores and grocery stores
Q3 (July 1 C Sept. 30) “Summer” – TBD
(In 2018: Gasoline stations, Lyft, Walgreens)
Q4 (Oct. 1 C Dec. 31) “Holiday” – TBD
(In 2018: Department stores, wholesale clubs, Chase Pay)

In the past, the vacation shopping category within the fourth quarter has sometimes included Amazon.com purchases. Plus, you can redeem your rewards at Amazon in a 1-cent-per-point value, that is a decent redemption rate.

The Chase Freedom® has an annual fee of $0 along with a 0% on Purchases and Balance Transfers for 15 months, and so the ongoing APR of 17.24% – 25.99% Variable APR.