Best Redemption Ever! I Saved $55 on a Single Amazon Item by Using Just 2 AMEX Membership Rewards Points

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Best Redemption Ever!  I Saved $55 on a Single Amazon Item by Using Just 2 AMEX Membership Rewards Points

Jasmin BaronBest Redemption Ever!  I Saved $55 on a Single Amazon Item by Using Just 2 AMEX Membership Rewards PointsMillion Mile Secrets Team

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Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.

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!

Folks With AMEX Membership Rewards Points Hit It Big at Amazon Over the Past Week – I Saved $55 on a Single Item!

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.

Be Sure to Apply Only a Single Point for These Offers, Because Otherwise Paying With Points Is NOT a Good Value

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!

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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! :)

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Is there anything I can do to increase my chance of receiving targeted offers? I wonder if there’s any connection to which cards you have saved in your wallet at places like amazon–what do you think? Do you keep multiple cards in your ‘wallets’ at amazon?

Or is the only thing I can do to just make sure I’m signed up for email alerts for each card? Thanks!

BTW, I did recently get an offer from my Amex Gold card for 3 free months of Prime (all I had to do was claim it).

great redemption jasmin! its crazy how these amazon deals can stack to save big money. on prime day i bought a smart phone and saved $198 (prime day deal+amex 20% off) and on black friday i bought a graphics card and saved $80. enjoy using your vacuum. 😛