Reminder: Amazon Payments Free Monthly Transfers End Monday
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/help/Personal-Accounts/User-Agreement-Policies/User-Agreement) that apply to your use of the products and services provided by Amazon Payments. Our updated User Agreement revises certain terms (including, among other things, the elimination of person-to-person payments). Our new User Agreement will become effective on October 13, 2014, which is more than 30 days from when we first posted our updated User Agreement. By continuing to use our services after October 13, 2014, you are agreeing to be bound by the terms and conditions of our new User Agreement."
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.
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