Kyle James revealed in, rather Be Shopping that when you use rewards to cover an Amazon purchase, you wont get any points as a reward.
Using the fictitious family spending patterns weve created, we will assume that the Amazon reward credit card is used for everything during a year of spending; the amount spent per category is detailed in the table below.Discover it Card, legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice.As, lifehacker reminds us, the Chase Amazon Visa card is going to get you 3 cash back on your Amazon purchases, and 1-2 on everything else but you probably knew that if you already got one.Editorial Note: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.If they choose to pay with their points instead, the math is a little different: they earn less cash-back overall because the amount they are actually purchasing is lower.Amazon carries so many different kinds of products that you wont lack fishing trip gift vouchers for opportunities to redeem rewards, whether on Cartier watches, Angel Soft toilet paper or anything in between.If we change the previous example to 3, for instance, the difference in value m & d fine wines & spirits coupon code comes.65.
Total Cash-Back, kennedys 366.00, jetsons 596.00, hartnells 651.00 *Total cash-back value at the spending limits noted in the previous table.
Give me rewards, save me money on interest.
The other options involve waiting for a gift card or calling in to book travel, and your time is more valuable than that.In last place is the Starwood Preferred Guest Credit Card from American Express, and in second to last is the Discover it Miles Card.If you spend less in travel and dining and more in the Amazon credit card categories, that card will likely be more valuable.The above table assumes the families utilize Amazon for some household purchases and maybe entertainment, but utilize the other categories at standard, brick-and-mortar locations.We will assume that the families spend 200, 400, and 600 at drugstores, respectively.Bottom Line: There is a slight advantage in value to using points as statement credit over other redemption options with the Chase m Rewards Visa Card, both in dollar value and in the time and hassle it takes to get the other redemptions.This clearly is nothing to write home about, but its technically something!What would happen if the families purchased all their groceries through Amazon Prime Now or Amazon Fresh?Also note that the sign-up bonus ensures you already get value out of the card just by opening it!
Making a purchase at m with the Cashback Bonus of your.
Jetsons 2,000 16,800 20,000, hartnells 3,000 10,400 35,300 *This table assumes spending at m and drugstores based off the other category of spending for the model families.