How does the partnership between Chase credit cards and Amazon work?

Chase points are worth 1.16 cents per point, on average. The value of Chase points depends on which Chase credit card you have and how you choose to redeem the points. For example, points from Chase are worth up to 1.25 cents each when redeemed for travel through Chase Ultimate Rewards, and they are worth 1 cent each when redeemed for cash back. … read full answer

Chase Points Value by Redemption Method

Popular Chase Credit Cards

• Chase Sapphire Preferred® Card
• Chase Sapphire Reserve®
• Chase Freedom Unlimited®
• Chase Freedom Flex℠
• Ink Business Preferred® Credit Card

One thing worth noting is that the Chase Sapphire Preferred, Sapphire Reserve and Ink Business Preferred credit cards give 25% to 50% more value per point than other Chase credit cards when redeeming for travel through Chase Ultimate Rewards.

Tips for Maximizing the Value of Chase Points

Redeem Points for Ultimate Rewards Travel.

Chase points are worth the most when redeemed for travel through Chase Ultimate Rewards, but you need the right Chase credit card.

Get a Chase Sapphire card.

Chase Sapphire Preferred points are worth 1.25 cents apiece when redeemed for Ultimate Rewards travel, or you could get 1.5 cents per $1 point in value from Chase Sapphire Reserve.

Redeem Chase points regularly.

Chase points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.

Keep your account in good standing.

If Chase closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved.

Redeem before closing your account.

Any points you don't redeem before closing your account will be lost.

Amazon points are worth 1 cent each, on average. For example, 10,000 Amazon points have a dollar value of roughly $100. As a result, Amazon points are more valuable than the average superstore's rewards points, which are valued at 0.84 cent each.

The exact value of Amazon points ultimately depends on how they are redeemed. They have the most value when used for store credit, but there are other options. The easiest way to calculate the value of Amazon points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for Amazon points: … read full answer

Dollar Value of Redemption Item / Number of Amazon Points Needed = Amazon Point Value

How to Earn More Amazon Points

It’s important to remember that while you can’t change the redemption values of Amazon points, you can increase the rate at which you earn them. One of the best ways to increase the number of Amazon points that you earn is to apply for either the Amazon Visa or the Amazon Store Credit Card.

Amazon Points vs. The Competition

Target and Costco provide rewards in the form of cash back. To make comparison simpler for shoppers, we translated cash back rewards to points at a 1:1 ratio.

With the Chase Freedom/Amazon partnership, you can use your card’s rewards points to pay for purchases on Amazon.com. So, instead of redeeming your rewards for a statement credit, which could be used to offset the cost of Amazon charges, you can redeem directly through Amazon without having to charge anything to your card. This minor convenience, which some might see as a gimmick, is the only Chase Freedom/Amazon promotion available at the moment.… read full answer

From time to time, Amazon may also be part of Chase Freedom’s rotating bonus rewards categories. Every quarter, some types of purchases get 5% cash back on the first $1500 you spend, while everything else gets unlimited 1.5% cash back. Amazon’s been a bonus category before. But you can’t really plan on that happening again.

Here’s what you need to know the about Chase Freedom/Amazon partnership:

• To get started, you’ll need to go to Amazon’s Shop With Points page and link your Chase Freedom card to your Amazon account. Then you’ll be able to spend your points on anything in Amazon’s extensive inventory.
• 1 point equals $0.008 on Amazon. That’s a lower value than the average given by most types of Chase Ultimate Rewards point redemption. The only times you might get more value are when you use the points with Chase’s travel partners.
• You won’t earn more points when you pay with Chase Freedom® points on Amazon. You’ll only earn rewards on amounts charged to your card (i.e. normal purchases).

There are plenty of non- Chase Freedom Amazon savings opportunities, too. For example, if you’re a Prime member, you can get 5% back in rewards cash back on all purchases with the Amazon.com Store Card. And some Discover cards include Amazon in their bonus categories, too.