Credit Card Promo Finder: Big Amazon discounts for just 1 reward point

Posted: 26 June 2020 11:33 am
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Act fast to take advantage of these Amazon deals.

Welcome to our monthly roundup of the hottest limited-time-deals offered by credit card providers. Providers tend to introduce such promotions every few months, so you’ll need to act fast to take advantage of these offers.

For June, we’re looking at some great value plays courtesy of Amazon. To use these offers, you’ll need to link your relevant card account to your Amazon account so that you can redeem your points during checkout.

Citi Amazon promotion

Perks
What’s the dealSave 20%, up to $30, on eligible Amazon purchases when you redeem a single Citi ThankYou point on the purchase.
Who is eligibleIf you have a Citi ThankYou card and Citi selects you to receive the promotion.
How to use the offerTo use this offer, you’ll first need to sign in to your Citi account to see if you’ve been selected. If so, you can activate the offer. From there, all you need to do is make an Amazon purchase and choose to redeem 1 ThankYou point during payment. You’ll also need to use your associated Citi card to make the purchase.
Why this is valuableThe value of credit card reward points are usually at their weakest when redeemed on merchants. For example, Finder values Citi ThankYou points at around 1.4 cents each when redeemed on travel, but less than a cent when redeemed on retailers like Amazon.

But spending a single ThankYou point for up to $30 off of your Amazon purchase is more than worth the tradeoff of giving up a single point.

When does it endSeptember 30, 2020, OR when consumers save $250,000 with this promotion.
Other detailsThis offer only works with items sold and shipped by Amazon directly, and doesn’t apply to Amazon gift cards or digital content.

American Express Amazon promotions

Perks
What are the dealsEarn 40% off, up to $50, on your Amazon purchase when you use at least one Amex point to pay. You might also be selected for a 30% discount, with a $30 cap.

You might also receive an offer for $20 off of an $80 purchase. This also requires you use at least one Membership Rewards point.

Finally, Amazon is targeting some cardholders with an opportunity to earn 5x points on up to $400 in Amazon purchases.

Who is eligible:You must have an eligible Amex Membership Rewards card and Amex must select you for the promotion.
How to use the offerTo use this offer, you’ll need to sign in to your Amex account to see if you’ve been selected for one of the available offers. If so, you’ll need to activate them before you can use them. Once activated, you can shop as normal and make sure you use at least 1 Membership Rewards point on your purchase during checkout. You’ll also need to use your associated Amex card to make the purchase.
Why this is valuableAgain, credit card rewards points are rarely a good deal when spent on merchants. Using a single point for up to $50 off of your purchase is a steal.

The 5x points on Amazon purchases is a great value comparable to some of the best earning rates available on rewards cards on the market. Plus, you can get selected for both this promotion and a discount, leading to some big value.

When does it endThe 30% and 40% promotions end on June 30th.
The $20 off of an $80 purchase ends on July 31st.
The 5x points promotion ends on July 22nd.
Other detailsOnly products sold through Amazon are eligible. Amazon gift cards and digital content are not eligible.

Discover Amazon promotions

Perks
What’s the dealSave 20%, up to $20, when you pay for your Amazon purchase with your Discover card and redeem at least one point toward your purchase. Discover may offer a $10 maximum promotion as well.
Who is eligibleEligible Discover cash back cardholders who are selected for the promotion.
How to use the offerTo use this offer, you’ll need to sign in to your Discover account and see whether you’ve been selected. If selected, you’ll need to activate your offer before you can use it. Once activated, you can make your Amazon purchase like normal and make sure you redeem at least Discover point (or cent) during checkout. You’ll also need to use your associated Discover card to make the purchase.
Why this is valuableLike the Amex and Citi offers, this promotion drastically increases the value of a single Discover point.
When does it endIf selected, you have until June 30th to take advantage of the offer.
Other detailsOnly products sold directly through Amazon are eligible. Other exclusions include Amazon gift cards and digital services.

Photo: Getty Images

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