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Amazon and American Express are back with another promotion where you can use just one Membership Rewards (MR) point for big savings. While this one isn’t as lucrative as past promotions that allow you to get discounts on nearly anything sold on the website, you can get up to 25% off an Amazon device after applying a single MR point to your order.

While you can use points to cover the entire cost of your order, that’s not a good idea since you’ll be getting just 0.7 cents per point and TPG values MR points at 2 cents apiece.

To take advantage of the promotion, you’ll first need to have a Membership Rewards earning card and then connect your Amex account to your Amazon account (only if you haven’t already done this). Qualified cards include The Platinum Card® from American ExpressThe Business Platinum® Card from American Express and the American Express® Gold Card.

This is a targeted offer, so not every account may be eligible for the promo. You can click here to see if you’ve been targeted and to activate the deal. If you are, here are the terms and steps to complete:

  1. Click on the button corresponding to the below to activate this promotion credit and apply points to your next order. Note that you will NOT receive the credit unless you click on this button.
  2. Add one or more of eligible products sold and shipped by Amazon.com to your shopping cart.
  3. Your Membership Rewards points will be temporarily set as your payment method at checkout. To redeem this offer, you must pay for at least a portion of your order with Membership Rewards points.
  4. Savings will be reflected on the final order checkout page if the items in your order are eligible for the promotion credit.

Eligible items include Amazon Kindle e-readers and Fire TV devices — you’ll have to click the button “Click to Activate” under every item that you want to purchase with the deal. I added a Kindle that’s priced at $89.99, applied one MR point and received a 20% discount of $18.

Note that Amazon frequently puts its own devices on sale, so if you can stack this promotion with one of its sales, you’ll rack up even more savings. The Membership Rewards discount ends on June 21 or the time at which 57,000 offers have been redeemed — so it’s better to take advantage of this offer sooner rather than later.

Featured image by  Adrian Hancu /Getty Images. 

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

NEW INCREASED 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

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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®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • 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
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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