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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Slight adjustment to my instructions:
1. Choose payment and type in $10 in points
2. Click continue
3. Go back and adjust points to $0.01 AND make sure the toggle at the bottom of the page is toggled to "Use $40 promotional balance"
4. Click continue
I did this on the mobile app on a 2nd account and can confirm it still works.
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So it seems the 1,428 is not necessary
Slight adjustment to my instructions:
1. Choose payment and type in $10 in points
2. Click continue
3. Go back and adjust points to $0.01 AND make sure the toggle at the bottom of the page is toggled to "Use $40 promotional balance"
4. Click continue
I did this on the mobile app on a 2nd account and can confirm it still works.
Big thanks to both of you, this worked perfectly!
Furthermore, all of your cpp valuations are using poorly constructed faring that no one on SD could or should be paying for those types of easy redemptions. This is slickdeals we don't care what inflated msrp you can price out in order to claim you got a 5000cpp redemption.
If MR were actually worth anywhere near 3cpp or 7cpp or whatever your wild claims are, you would have no problem offloading all your points at a small discount from those levels. But that won't happen because millions are traded daily at a free market price currently around 1.3cpp. Sure, you can continue to believe your special MR are worth a massive premium over market price, but they're not. They're worth 1.3cpp. And if you could find a sucker who actually believes they are, it would be in your best interest to sell as much as you could and then buy what you need at 1.3cpp and profit off the arbitrage. Because that's how actual economics works.
Whomp whomp...
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Slight adjustment to my instructions:
1. Choose payment and type in $10 in points
2. Click continue
3. Go back and adjust points to $0.01 AND make sure the toggle at the bottom of the page is toggled to "Use $40 promotional balance"
4. Click continue
I did this on the mobile app on a 2nd account and can confirm it still works.
Leave a Comment