Save up to $50 on Amazon using just one Amex point in this targeted deal

Nov 6, 2019

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It’s the most wonderful time of the year — for deals.

Using miles and points on shopping purchases is usually a bad value, but there are exceptions to every rule. As was shared by Deals We Like, one of those exceptions comes around regularly when Amazon launches an offer to redeem just one Amex Membership Rewards point to save 20% off your Amazon purchase.

We’ve seen a few versions of this deal over the years, but there are a handful of new variations that appeared this week:

  • Save $20 off a $100 Amazon purchase by using just one Amex Membership Rewards point.
  • Save 20% off an Amazon purchase, up to $50 off, by using one Amex Membership Rewards point.

Like many Amazon offers, these deals are targeted, so not everyone will have one of these offers available. Click here to see which version of the offer may be applicable to your account.

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This morning, I had the offer for $20 off a $100 purchase on my Amazon account. I’ll happily trade away a single Membership Rewards point from a card such as the American Express® Gold Card or American Express® Green Card to save $20 on my next $100 Amazon purchase. Or, if I don’t need to purchase physical products in the near term, I can just stock up on a dining or retailer gift card with that savings right now. (Nordstrom e-gift card, I have my eye on you.)

Related: Best cards for earning Amex Membership Rewards

Here are the steps for turning just one Amex Membership Rewards point into serious Amazon savings:

  • Check to see if you received 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 (and yes, most gift cards count)
  • Make sure to only use one point at checkout as shown below — it will default to paying with all points, which you probably don’t want to do as the return is poor.

  • Do a happy dance for saving up to $50 on Amazon. You’ll see the savings in your cart if it all worked properly.

The offer expires at 11:59 p.m. on Dec. 2, or after Amazon customers have redeemed offers worth $5,000,000 —whichever comes first. (So don’t wait until the last minute to make your purchase, just in case.)

You will need to use your Amex credit card for this purchase in order to use a Membership Rewards point, but here are the best credit cards to use on future Amazon purchases. And if you have an Amazon gift card lying around, you can stack it with this deal.

Featured image by Leon Neal/Getty Images

2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Intro APR on Purchases
N/A
Regular APR
17.74% - 24.74% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s 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.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.