Register now to save up to $40 on Amazon purchases using just one Amex point
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Update: Some offers mentioned below are no longer available.
Amazon’s popular Amex deal is back, allowing targeted customers to save up to $40 on eligible purchases by redeeming just one point.
Generally, we don’t recommend redeeming Membership Rewards points on Amazon, given that each point is equivalent to just 0.7 cents and we value Amex points at 2 cents apiece, but there are exceptions to that rule.
And since you can take advantage of this particular offer when you redeem just one Membership Rewards point, earned with cards like The Platinum Card® from American Express or the American Express® Gold Card, this deal certainly fits the bill.
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Currently, Amazon customers are being targeted for a variety of offers. I can get 20% off purchases, with up to a $30 total discount, but TPG’s Ariana Arghandewal got an offer for 40% off select purchases, up to a $40 discount.
As noted, this is a targeted offer. You can confirm eligibility for the promotion right here.
While most products must be sold by Amazon to be eligible for any of the discounts — third-party listings won’t trigger any savings — you may be able to take advantage by stocking up on dining or retailer gift cards. Gift cards for companies like Whole Foods, Uber Eats and Nordstrom are also eligible.
Related: Best cards for Amazon purchases
How to get 40% off by redeeming one Amex point
Here are the steps for turning just one Amex Membership Rewards point into serious Amazon savings:
- Check here to see if you have a targeted offer
- Activate the offer in your Amazon account
- Load up your cart with eligible items sold by Amazon instead of by third parties (yes, most gift cards count)
- Make sure to only use one point at checkout, as shown below, to avoid losing value by covering the entire purchase with points
Assuming everything worked, you should see the offer reflected in your account (note that I was targeted for a 20% discount, not 40%).
You’ll need to cover the rest of your transaction using an Amex card, though you can also apply an Amazon gift card balance if there’s one attached to your account. This time around, the offer is set to expire at 11:59 p.m. PT on Oct. 31, or after 26,666 Amazon customers have redeemed offers — whichever comes first.
Featured image by Igor Golovniov/SOPA Images/LightRocket via Getty Images.
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