Amazon wants to give you $20 for just 1 Capital One mile
Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full advertising policy: How we make money.
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.
Chase Sapphire Preferred® CardAPPLY NOW
Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Either $5 or 5% of the amount of each transfer, whichever is greater.
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)