You can use your Chase Freedom 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.
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% cash back. Amazon’s been a bonus category before. But you can’t really plan on that happening again.
Furthermore, there are a few things you should know before using Chase Freedom points to pay for Amazon purchases:
- 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 1 cent on Amazon. That’s about the same value you get for 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 on all purchases with the Amazon Store Card. And some Discover it cards include Amazon in their 5% bonus categories, too.