Update: This popular deal is still available.
Amazon offers
Select American Express Membership Rewards Cardholders: Up to 50% Off your
Eligible Purchase (maximum discount of $75) when you
use at least 1 Membership Rewards Point and follow the instructions below.
- Note: This is a targeted offer. Eligibility and the discount amount may vary. The link will show you the offer you qualify for.
Thanks to Community Member
GoroAkechi for finding this deal.
Example Offers:- 15% Off ($15 Max)
- 40% Off ($40 Max)
- 50% Off ($75 Max)
Deal Instructions:- Click here and click on 'Activate now' to link your American Express Membership Rewards account to your Amazon account
- Add eligible products sold & shipped by Amazon.com to your shopping cart (Promotion can be redeemed in one or more transactions; maximum discount will vary by offer)
- Proceed to checkout and select your American Express Rewards Card as your payment method
- Select the amount of Membership Rewards Points you would like to use for the purchase (must use at least 1 MR point; minimum point redemption may vary by offer)
- If you qualify for the promotion, then the discount will automatically apply when you purchase eligible items
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Top Comments
Maximum discount $40."
Is that a good deal? Depends in part on how much value you normally get from Amex points
Math:
To max the 40% with max of $40 you'd want to spend exactly $100
1428 points used at amazon knocks $9.97 off your bill.
So to get $100 in "stuff" you spend 1428 points and $50.03-- so your total "value" out of 1428 points is $49.97... or about 3.5 cents per point.
Which is pretty good if you normally use your Amex points for cash, hotels, or coach airfare.
It's at the very bottom-low end of ok if you normally use your Amex points for business or first class airfare via partner airlines.... I typically beat 3.5c a point for that purpose though (4-6 cents a point is more common) so probably not a deal worth doing in my case but might be for others.
Certainly much worse than the only-spend-1-point discounts.
FWIW you seem to have left out that you get $9.97 off the order for those 1428 points (Amazon redeems them at 0.7 cents a point)... so your net is $21.97 compared to using the points at your 2 cent value otherwise not $12.
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so sad
i rarely get these discounts
edit: I can no longer use 1 points despite there being no language about minimum number of points in the fine print.
I just did this and got a gift card for $60 while using 1 point.
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Is that a good deal? Depends in part on how much value you normally get from Amex points
Math:
To max the 40% with max of $40 you'd want to spend exactly $100
1428 points used at amazon knocks $9.97 off your bill.
So to get $100 in "stuff" you spend 1428 points and $50.03-- so your total "value" out of 1428 points is $49.97... or about 3.5 cents per point.
Which is pretty good if you normally use your Amex points for cash, hotels, or coach airfare.
It's at the very bottom-low end of ok if you normally use your Amex points for business or first class airfare via partner airlines.... I typically beat 3.5c a point for that purpose though (4-6 cents a point is more common) so probably not a deal worth doing in my case but might be for others.
Certainly much worse than the only-spend-1-point discounts.
FWIW you seem to have left out that you get $9.97 off the order for those 1428 points (Amazon redeems them at 0.7 cents a point)... so your net is $21.97 compared to using the points at your 2 cent value otherwise not $12.
Given you can cash out MR for actual cash (albeit at a poor rate)-- and you claim you can generate "infinite" MR for "negative cost" that would be an infinite money engine. Please do share the specifics because I find your claim.... hard to accept as not grossly and misleadingly made.
That's actually just under 8 cents a point... though more realistically about 7 cents a point considering the taxes on the fare.
Last month I flew LATAM business class to Peru, which was a $3200 cash ticket for the dates in question for 75,000 points. which is ~4.27 cents a point...or about 4.2 cents after (much lower) taxes ... so both were better than 3-4 cents.
Similar redemptions in previous years too.4-6c a point is pretty typical for biz or first class fares.
If you don't believe that then you're lying about how math works.
If you're a coach guy who wants to be crammed into whatever the cheapest seat he can find for 10-15 hours or something none of this will be very relevant to you though.
But that would be kind of dumb compared to just earning them with routine and manufactured spending.
My way they're paying me with points to spend $ I'd spend anyway- so I'm getting expensive flights essentially for free (or free after a small amount of taxes anyway).
Your way you are paying THEM for the points, so you can certainly get a DISCOUNTED flight- but at a vastly higher cost than my method.
You might wanna do some reading on this topic and then get back to us.
That would only make sense if I were taking an infinite amount of flights.
You seem to keep abusing the word infinite without much consideration to its practical meaning.
But sure-- if I somehow ran out of the points already generated with signup bonuses and spending, buying those points at a discount would provide significantly better value than paying cash for those biz and first class tickets.
Again because that's how actual math works.
I mean, I got a $7000 cash-cost plane ticket for 88,000 MR points about 6 months ago. (ANA round trip in The Room from JFK to Japan).
That's actually just under 8 cents a point... though more realistically about 7 cents a point considering the taxes on the fare.
Last month I flew LATAM business class to Peru, which was a $3200 cash ticket for the dates in question for 75,000 points. which is ~4.27 cents a point...or about 4.2 cents after (much lower) taxes ... so both were better than 3-4 cents.
Similar redemptions in previous years too.4-6c a point is pretty typical for biz or first class fares.
If you don't believe that then you're lying about how math works.
If you're a coach guy who wants to be crammed into whatever the cheapest seat he can find for 10-15 hours or something none of this will be very relevant to you though.
I mean, sure. Business and first class flights have huge profit margins-- they can afford to let you "buy" into them via points at a discount.
But that would be kind of dumb compared to just earning them with routine and manufactured spending.
My way they're paying me with points to spend $ I'd spend anyway- so I'm getting expensive flights essentially for free (or free after a small amount of taxes anyway).
Your way you are paying THEM for the points, so you can certainly get a DISCOUNTED flight- but at a vastly higher cost than my method.
You might wanna do some reading on this topic and then get back to us.
That would only make sense if I were taking an infinite amount of flights.
You seem to keep abusing the word infinite without much consideration to its practical meaning.
But sure-- if I somehow ran out of the points already generated with signup bonuses and spending, buying those points at a discount would provide significantly better value than paying cash for those biz and first class tickets.
Again because that's how actual math works.
Signed,
A traveler who got 9+ cents per point on a Singapore Suites redemption with AMEX MR points
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