Amazon offers
Select American Express Membership Rewards Cardholders:
from 15% to 40% off your
Eligible Purchase (maximum discount ranges from $15 to $40) when you
use at least 1,429 Membership Rewards points and follow the instructions below.
Thanks to community member
captainguy for sharing this deal.
Note: This is a
targeted offer; if eligible, then you will see the offer and have the ability to click on the link to activate.
Deal Instructions:
- Click to activate the promotion here
- Add eligible products to your shopping cart (promotion can be redeemed in one or more transactions; maximum discount will vary by offer)
- To redeem the full value of the promotional offer, add eligible products totaling at least $100.
- Proceed to checkout and select your American Express Membership Rewards Card as your payment method
- Use a minimum of 1429 Membership Rewards points
- If you qualify for the promotion, then the discount will automatically apply when you purchase eligible items
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Top Comments
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.
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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.
Sign up for a Slickdeals account to remove this ad.
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