Amazon wants to give you $20 for just 1 Capital One mile

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Capital One miles just became a whole lot more valuable. If you have at least 1 Capital One mile from swiping a Capital One credit card, you can save $20 on your next qualifying Amazon purchase. Even a casual Amazon shopper should have no problem taking advantage of this discount.

Amazon will occasionally partner with flexible points programs like Chase Ultimate Rewards and Amex Membership Rewards to provide ultra-low-hanging fruit for their customers in the form of substantial discounts. MMS readers love these deals, so we write about them whenever we see them. You can subscribe to our newsletter to be notified about promos like these (and way better ones, too) in the future.

$20 off Amazon with 1 Capital One mile

You can earn Capital One miles from the following credit cards:

• Capital One Venture Rewards Credit Card
• Capital One VentureOne Rewards Credit Card
• Capital One Spark Miles for Business
• Capital One Spark Miles Select for Business

The information for the Capital One Spark Miles and Capital One Spark Miles Select has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

Capital One allows you to redeem your miles on Amazon at a rate of 0.8 cents each. You can make purchases with a mix of rewards and cash, as well. For example, if you had $100 worth of items in your cart, you could:

• Redeem 12,500 miles to cover the entire $100 purchase
• Redeem a mix of points and cash, such as 5,000 Capital One miles (a value of $40) and $60 cash

Using Capital One miles through through Amazon is usually a horrendous deal — you should never do it. Capital One miles are worth at least 1 cent each towards travel, so you’re much better served using them for those purchases. They can be worth even more when transferring to airline or hotel partners.

However, this current promotion is a stark exception: Through September 30, 2020, you’ll get $20 back on a purchase of $80 or more if you use at least 1 Capital One mile as part of your purchase. In other words, 1 Capital One mile is effectively worth $20 at Amazon. It appears that you can use the discount when purchasing third party-gift cards through Amazon for merchants like Whole Foods, Safeway, Starbucks and Southwest Airlines.

To use this promotion, you must first have your Capital One card enrolled in the Shop With Points feature on Amazon. You can enroll your card through this link. Once you’re enrolled, click this promotional link to activate the deal on your account. Make sure to use just 1 mile when checking out — if you use anymore than that you’ll be redeeming them at the standard rate of 0.8 cents.

Once clicking on the promotional link, it may appear that your account doesn’t qualify. Frequent Miler notes that you should try deleting your Capital One card as a payment option and then adding it right back. The offer should become available in your account shortly. Just check back in a few days.

Let us know if you’ve got any questions! And subscribe to our newsletter for more posts like this delivered to your inbox.