This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
As a reminder, next Monday, October 13, Amazon Payments will remove the ability for users to send up to $1,000 each calendar month using a credit card with no fees. Previously, this had been a useful way to earn credit card points for expenses that might otherwise be paid in cash or by check, like a house cleaner, piano lessons, loans between friends, etc. Beginning next week, however, Amazon will eliminate person-to-person transfers entirely.
Last month, Amazon Payments users received an email from Amazon stating that the service would be ending:
“Additionally, we have updated the terms and conditions of our User Agreement (https://payments.amazon.com/
I’m disappointed that this feature is being taken away, since it allowed me to put an extra $12,000 per year on my credit cards for things that I paid for anyway, making it much easier to meet minimum spend requirements for new cards. However there are still other ways to use credit cards for expenses that you might typically pay with a check or cash. For suggestions, check out Flyertalk’s forum devoted to the subject.
If you have such an expense that you can pay with Amazon Payments in the next few days, you may as well earn points or miles for it while the service is still available. With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.
With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.