If you have an American Express card with Membership Rewards (MR) points, you can redeem them to buy eligible items at Amazon.com. The redemption rate is 100 MR points = $0.70 to spend at Amazon, which is less than a cent per point and thus not really the ideal use of MR points. However, here are two targeted promotions where you can save money after redeeming just 1 single MR point.
- $20 off $50 in purchases of ‘Ready for School’ promotion eligible products.
- $20 off $50 in purchases of items shipped and sold by Amazon.
If you haven’t already, click here to link your American Express Membership Rewards points balance to your Amazon account.
My two “keeper” consumer American Express cards are the (6% cash back on US supermarkets, up to $6,000 annually) and the (keeps my Membership Rewards points active with no annual fee, helps qualify for various Amazon promotions).
My favorite business American Express card is the – 2X points on all purchases, up to $50,000/year. No annual fee.
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