popularcaptainguy posted Today 03:59 PM
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popularcaptainguy posted Today 03:59 PM
Amazon: Select AMEX Card Members, Pay w/ Rewards(Spend minimum of 1,429 points) and get 30% off (Max $30) or Varying offer
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At 40%, this is probably worth it. But for 15%, at the common valuation of MR points being worth ~2 cents each, it's probably not.
Here's why:
- 1429 points = $29 worth of points
- But the Amex/Amazon value = $10, because you only get 0.7 cents per point when using MR on Amazon.
- So you're basically losing ~$19 worth of value by using 1429 points here (1429 * (0.02-0.007) = 18.57)
Given this, I'd argue that anything less than $19 off is basically losing money, so a "20% off up to $20" is pretty much the breakeven point here.Sign up for a Slickdeals account to remove this ad.
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