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

Bank of America® Premium Rewards® Visa® credit card

This card from Bank of America gets really interesting if you have a BofA checking, savings or investment account. Depending on the value of your combined accounts you can potentially get as much as 3.5x points on travel/dining and 2.625x points on other purchases making it the richest consumer banking bonus out there.

Apply Now
More Things to Know
  • Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
  • No limit to the points you can earn and your points don't expire
  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
  • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
  • No Foreign Transaction Fees
  • Low $95 annual fee
Intro APR on Purchases
Regular APR
17.74% - 24.74% Variable APR on purchases and balance transfers
Annual Fee
Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, whichever is greater.
Recommended Credit

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.