Categories
Health

Should You Shop With Points on Amazon?

https://twocents.lifehacker.com/should-you-shop-with-points-on-amazon-1844830823

Image: Dean Drobot (Shutterstock).

Maybe youre utilizing an Amazon Prime account to protect the requirements and store less in-person. If so, when you reach the payment page during Amazons checkout procedure, you may see a Shop with Points choice for linked credit cards. Heres why: Depending on your benefits credit card, utilizing your points in this way may not use the best redemption worth.

As NerdWallet reports, Amazon cards, Discover and Capital One cash back provide the greatest redemption worth– at 1 cent per benefits point. For Amazon co-branded credit cards, utilizing your points to shop most likely makes good sense, but while Discover and Capital One money back also use 1:1 redemption, you could simply take the points back in money or apply them to another deal that may be richer than Amazons.
Rewards credit cards like Capital One miles, Chase Ultimate Rewards ®, Citi ThankYou Rewards, American Express Membership Rewards and Hilton Honors, meanwhile, all use less than 1 cent per point. This makes them less appealing alternative for Shop with Points– and you would be better off taking those points for money back.

G/O Media may get a commission.

Of course, you can do better than 1:1 redemption with your travel benefits charge card: Many benefits programs offer travel redemptions for 1 to 2 cents or more per point. (Theres a helpful chart for some of the most popular programs here.).
So if youre preparing a huge post-pandemic journey, you might wish to skip Shop with Points. However if youre having a hard time to cover the basics, it might be worth it to use Shop with Points– or take your benefits points as money back, depending on your credit card.

Perhaps youre using an Amazon Prime account to secure the necessities and shop less in-person. (If you do not have a subscription, however desire one– here are the methods to get a complimentary account.) If so, when you reach the payment page during Amazons checkout procedure, you might see a Shop with Points option for connected charge card. While it may be tempting to score a fast discount rate on your order– you must consider your other choices. Heres why: Depending on your benefits credit card, using your points in this way might not use the very best redemption value.

As the coronavirus pandemic stretches into the fall, you may be looking more carefully at your travel benefits charge card, not to point out all of your credit card rewards points balances. If youre not preparing to travel anywhere for a while– and youre resting on a large points balance– you may be thinking other methods to spend them.