Chase Amazon.com card now offers pay with points at Amazon

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jeffysdad
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Chase Amazon.com card now offers pay with points at Amazon

Postby jeffysdad » Tue Jun 28, 2011 4:20 pm

I think I'll go back to using this card for Amazon purchases now since you no longer have to get to 2,500 reports before you can redeem. You can redeem as you go through pay with points starting at 100 points, which equals $1.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.


fidora
 
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Postby fidora » Wed Jun 29, 2011 3:14 pm

I was told this through word of mouth but have not been sent the official notice yet from Chase. When does it kick in?

jeffysdad
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Postby jeffysdad » Wed Jun 29, 2011 3:26 pm

Think it's already active. Amazon was promoting it on their site yesterday and I checked to see if my card was enrolled. After clicking around I saw that I was "automatically enrolled."

Today I was on the Chase site and checked out redemption options for the Amazon card. They all appear the same to me as they were the last time I looked. When you get up into the tens of thousands of points there are some rather attractive air fare redemptions. I don't really care about those because I'd rather redeem for Amazon/cash.

However, I wonder, if someone does want to hoard their points for a big air fare redemption, I wonder how they would do it if Amazon automatically deducts their points for discounts whenever they make purchases.

I think it's great that they started this. I'm going back to using my Amazon card for just those purchases. I stopped in favor of using my Fidelity Amex, giving up 1% for the sake of the convenience. However, pay with points basically eliminates the risk of stranded points on the Amazon card as you use them as you go after 100 points. (Work is slow today, hence the long response.)
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Wed Jul 13, 2011 7:48 pm

jeffysdad wrote:However, I wonder, if someone does want to hoard their points for a big air fare redemption, I wonder how they would do it if Amazon automatically deducts their points for discounts whenever they make purchases.


I tried this about a week ago and I had the option of whether or not I wanted to use my points, which I suppose means we still have the ability to hoard points for airfare, etc. I only had two dollars and change in points and use them. This is a nice perk, especially considering that I rarely use that account. Now I will be able to redeem more than once per year.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

thoughtforum
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Postby thoughtforum » Thu Jul 14, 2011 1:29 am

I received a post card about this in the mail this week.

mtaiwan
 
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Postby mtaiwan » Sun Jul 24, 2011 10:16 am

I did the math, and to my surprise, redeeming your points at Amazon is a slightly worse deal. When you do cash back or statement credits, you get full points for all purchases. When you redeem your points at amazon, your spending total is lower (because of the points credit) so you get fewer points than you otherwise would.

Example:

You spend $100 at Amazon and get 300 points ($3). Now you spend another $100 at Amazon. Your choices are:

- You pay in full and get another 300 points. Now you have spent $200 and have banked $6 in future credits.

- You use points for the second purchase and pay only $97 for it. Your second purchase earns 291 points (97 *3) instead of 300 points. So you have spent $197 and banked $2 in future credits.

In the second case you "lose" $1. The difference here is quite small but if your spending is larger over a long period, it accumulates.

jeffysdad
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Postby jeffysdad » Sun Jul 24, 2011 4:11 pm

That's an interesting point I had overlooked: point redemption at Amazon comes with an opportunity cost. I'm sure this wasn't lost on the folks at Amazon/Chase when they decided to offer the feature. It will be interesting to see if they make it more difficult to redeem points for cash, rewards other than Amazon in the future.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

Money card
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Postby Money card » Sun Jul 24, 2011 9:18 pm

I have a question for people who have this card. if the order merchandise ranging from 3.00 up to the maximum do they have to pay shipping and handling since they are using amazon's card?

I know if we use our Discover, american express, our own private visa or Mastercard, or jcb we pay tax and shipping and handling. how about tax and shipping and handling on a Chase Amazon?

DarrellEW
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Postby DarrellEW » Sun Jul 24, 2011 10:17 pm

I'm not exactly sure what you're asking, but the Amazon card doesn't offer any added benefits over using any other card, other than the cashback bonuses.

However, purchases on Amazon are generally tax-free anyways, and there are a lot of ways to qualify for free shipping.

Money card
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Postby Money card » Sun Jul 24, 2011 10:50 pm

what I'm asking is if someone has their card and spend anywhere from $3.00 up to their limit, any amount, and they pay with the card from amazon, can they get free shipping and handling and do they have to pay tax? I know if somebody uses there own private bank card they have to pay sales tax, shipping and handling. how does it work with their card?



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