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If you’ve been following our posts over the past week, you’ve probably noticed a ton of fantastic Amazon deals to earn credits or discounts for redeeming a single American Express Membership Rewards point towards your purchase.
These deals are typically targeted and usually expire after a certain number of people have participated, which means you’ve got to act quickly to get in on the deal. I was lucky this past week and was able to stack 2 AMEX Membership Rewards point offers, including 20% off an Amazon purchase, for a total savings of $55 off a single item!
Spending 2 AMEX Membership Rewards points to get $55 is probably my best AMEX Membership Rewards points redemption ever – although what I bought was not as fun as transferring AMEX Membership Rewards points to airline and hotel partners for free travel!
I’ll share how the deal worked and why having AMEX Membership Rewards points on hand can translate into big savings!
I Stacked 2 AMEX Membership Rewards Amazon Promotions to Save $55
We initially wrote about a highly targeted deal over a week ago to earn a $15 statement credit when you used at least 1 AMEX Membership Rewards point to buy a $50 Amazon gift card. I didn’t have a purchase planned at the time, but I was eligible for the offer so jumped on it because I knew I’d eventually find a use for a $50 Amazon gift card. The $15 credit would be applied to my next transaction.
Then another deal popped up to earn 20% off your Amazon purchase when you used at least 1 AMEX Membership Rewards point, up to a maximum $100 discount. This was right before the holiday weekend and again, I was targeted for the deal.
Black Friday came around and there was an item on sale I actually needed to buy. Not only was it already deeply discounted, but also both deals stacked to earn me a hefty discount on the purchase! The sale price was ~$200 (normally ~$300), so I received a $40 credit from the 20% off deal, and another $15 from the previous gift card promotion.
So in total I redeemed 2 AMEX Membership Rewards points, cashed in my $50 gift card (plus a $10 gift card I already had), and saved $55 off an already excellent Black Friday sale.
Remember, paying for Amazon purchases with AMEX Membership rewards points is usually a bad deal. You’ll get much more value when you transfer AMEX points to airline partners. But when using a single point gets you such a steep discount, you can’t go wrong.
I redeemed points earned from The Blue Business℠ Plus Credit Card from American Express, but folks with other cards also report being targeted.
In addition to saving money with AMEX Offers, it’s deals like these that have me keeping AMEX cards in my wallet year after year.
So did you catch what I picked up? A Dyson vacuum cleaner! While it’s not as glamorous as a fancy First Class flight or luxury hotel stay, I’ll always remember the time I got a value of $27.50 per point on this “redemption.” 😉
Again, these promotions are targeted, so if you’re not eligible for one, don’t be discouraged – just keep trying for the others. And they do tend to expire quite fast, so don’t wait to add them to your account.
Here’s another deal (that still seems active) to earn a free $15 when you reload $100+ to your Amazon account and use at least one AMEX Membership Rewards point.
Did you save a lot of money through these Amazon deals? Please let me know in the comments!