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Capital One introduces Amazon Shop with Points for select cards

Dec. 15, 2019
5 min read
Capital One introduces Amazon Shop with Points for select cards
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Editor’s note: This post has been updated to show that Capital One's Amazon Shop with Points went live on Dec. 12, 2019. It was originally published on Nov. 23, 2019.

Credit card issuers are constantly working to add different ways for cardholders to redeem their cash back and rewards points. These options can provide flexibility to cardholders, but may also encourage cardholders to spend their rewards at a sub-par value.

In December 2018, Capital One added transfer partners to its miles-earning cards. The addition of these transfer partners raised TPG's valuation of Capital One miles from 1 cent each to 1.85 cents each. Now, as of Dec. 12, 2019, Capital One has added another redemption option to many of its miles-earning and cash back cards: Amazon Shop with Points.

Generally, we don't recommend using your points or miles on Amazon, since there are usually more valuable redemption options. But, some cardholders value simplicity over maximization, so let's consider whether this is a redemption you should consider. Eligible customers of the following Capital One cards can now use Amazon Pay with Points:

  • Capital One Venture Rewards Credit Card
  • Capital One VentureOne Rewards Credit Card
  • Capital One Savor Cash Rewards Credit Card
  • Capital One SavorOne Cash Rewards Credit Card
  • Capital One Quicksilver Cash Rewards Credit Card
  • Capital One QuicksilverOne Cash Rewards Credit Card
  • Capital One Spark Cash Select for Business
  • Capital One Spark Classic for Business
  • Capital One Spark Miles for Business
  • Capital One Spark Miles Select for Business
  • Journey Student Rewards from Capital One

The information for the Capital One Savor Cash Rewards Credit Card, Capital One Spark Cash Select, Capital One Spark Miles Select card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Further reading: The best Capital One credit cards

Eligible customers can use rewards to cover part or all of an Amazon order. A Capital One spokeswoman provided the following information when asked about redemption rates:

When using cash-back cards at checkout, $1 in cash rewards is worth $1 in redemption value on Amazon. When using miles cards at checkout, 125 miles are worth $1 in redemption value on Amazon.

So, for a cash-back card you're mainly losing the opportunity to earn cash back on your purchase when you use points. For example, if you used your Capital One Quicksilver Cash Rewards Credit Card to make a $100 Amazon purchase, you'd earn $1.50 in cash back on the purchase. But, if you redeemed $100 of cash rewards to make the purchase, you wouldn't earn any rewards.

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Since 125 Capital One miles are worth $1 in redemption value on Amazon, you'll get a value of 0.8 cents per mile if you redeem your Capital One miles though Amazon Shop with Points. However, TPG's valuations peg the value of Capital One miles at 1.85 cents each if you plan to transfer your miles to partner airlines. You also can easily redeem Capital One miles toward travel purchases at a flat rate of 1 cent each. So, if you have a Capital One miles-earning card you likely won't want to redeem your miles though Amazon Shop with Points.

Further reading: The best cards to use for Amazon purchases

You'll get better value using your the miles earned by your Venture Card for travel -- either by transferring to airlines or redeeming for travel purchases. (Photo by Eric Helgas/The Points Guy)

But, regardless of whether you plan to redeem cash rewards or miles through Amazon Shop with Points, it's worth enrolling your Capital One cards in case there are periodic promotions similar to those offered for Chase, Citi and American Express enrolled cards where you can get a particular amount off of your order when you use at least one point.

If you have an eligible Capital One card in your Amazon account, Amazon will automatically enroll your card account in Shop with Points. You'll receive a confirmation email once your card account is enrolled, and your Capital One rewards will then be available for use on purchases on Amazon.com. If you want to discontinue using Shop with Points once you are enrolled, you can un-enroll at any time by visiting your Amazon Shop with Points account page. You can also set whether your rewards are applied automatically at check-out — I recommend setting this to off unless you want to automatically use your rewards.

If you have a Capital One card that earns transferable miles, check out the following guides for more information on how to use your miles:

Featured image by Getty Images
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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TPG featured card

Best rewards card for non-bonus spending
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 5X points
5XEarn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
2XEarn unlimited 2X miles on every purchase, every day.

Intro offer

75,000 miles
New Venture cardholders can earn 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

Annual Fee

$95

Recommended Credit

670-850
Excellent, Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

If you're looking for a credit card that provides simple ways to earn rewards and plenty of ways to redeem them, look no further than the Capital One Venture Rewards card. Cardholders can transfer points to 15+ transfer partners, and use miles to pay for travel purchases made within the last 90 days. Even though this is a fixed rate card, it is still one of the most valuable, based on the value of miles.

Pros

  • This flexible rewards card delivers a solid sign-up bonus of 75,000 miles, valued by TPG at $1,388.
  • You'll earn 2x on every purchase, which means you won't have to worry about memorizing bonus categories.
  • Rewards earned are versatile as they can be redeemed for any hotel or airline purchase for a statement credit or transferred to 15+ travel partners.

Cons

  • Transfer ratios to most partners are mediocre at less than 1:1 ratio.
  • Capital One airline partners do not include any large U.S. airlines.
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
Best rewards card for non-bonus spending
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

5XEarn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
2XEarn unlimited 2X miles on every purchase, every day.
  • Intro Offer
    New Venture cardholders can earn 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

    75,000 miles
  • Annual Fee

    $95
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent, Good

Why We Chose It

If you're looking for a credit card that provides simple ways to earn rewards and plenty of ways to redeem them, look no further than the Capital One Venture Rewards card. Cardholders can transfer points to 15+ transfer partners, and use miles to pay for travel purchases made within the last 90 days. Even though this is a fixed rate card, it is still one of the most valuable, based on the value of miles.

Pros

  • This flexible rewards card delivers a solid sign-up bonus of 75,000 miles, valued by TPG at $1,388.
  • You'll earn 2x on every purchase, which means you won't have to worry about memorizing bonus categories.
  • Rewards earned are versatile as they can be redeemed for any hotel or airline purchase for a statement credit or transferred to 15+ travel partners.

Cons

  • Transfer ratios to most partners are mediocre at less than 1:1 ratio.
  • Capital One airline partners do not include any large U.S. airlines.
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs