Cashback

Earn Up To 5x Points or Cashback on Amazon

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A good tip for newbies (and a reminder for folks like me)! Ed & Summer’s presentation at Frequent Traveler University last weekend reminded me of an easy way to make sure you’re getting the most cashback or points for your Amazon purchases. Amazon only offers cashback through a few shopping portals and even then its limited to a few departments at a time.

BUT you can buy Amazon gift cards with no activation fees at a variety of stores, including stores that earn additional bonus points or cashback on certain credit cards. Which means every Amazon purchase can be earning you more!

Here are a few I’m aware of:

  • Chase Ink or Chase Plus business credit cards, you earn 5x points on office supply purchases, so a $50 Amazon gift card purchased at Staples, Office Depot, or Office Max will earn you 250 Ultimate Rewards Points.
  • Cards like Discover and Chase Freedom often have 5% quarterly bonus offers on groceries, gas, etc. So a $50 card purchased at at a grocery store will earn $2.50 during those time periods.
  • The American Express Everyday Preferred Card offers 3x the points on supermarket spend (up to $6,000)
  • The Amazon American Express Blue Cash Preferred Card offers 6% back on supermarkets (up to $6,000)

So is saving/earning $2.50 per $50 on Amazon a big deal? No, but it does add up, particularly if like me you do all your holiday shopping there! Its a neat tip I’ve known of for several years, but had forgotten about earlier this year when things got busy, so thank you Ed and Summer for the reminder!

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3 Comments

  1. Judy Jones

    December 12, 2014 at 9:07 pm

    I think it is the American Express Blue Cash Preferred and not Amazon. You can also get 5% more for your Cardpool giftcard sales by taking the payout in Amazon cards.

  2. Keri Anderson

    December 12, 2014 at 9:40 pm

    Thank you for the catch! Total typo this morning 🙂

  3. PH

    December 15, 2014 at 6:17 am

    Buy your Amazon gift cards at Staples with your Chase Ink Visa card (rather than Chase Ink Mastercard) to take advantage of the Visa Savings Edge 1% cash back for purchases at Staples stores greater than or equal to $200 in a single transaction. If you’re lucky, your local Staples store stocks and will let you buy the $25-$500 variable load Kindle gift cards that load directly into your Amazon.com account just like the smaller denomination Amazon gift cards. Works great, minimal effort, I pour a lot of money through this pipeline benefiting from the Amazon.com pricing and convenience of Amazon Prime shipping.

    This Visa Savings Edge 1% at Staples is listed as being good through 12/31/2014; unclear what’s going to happen after that. So there’s some incentive to act now.

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