How much are Amazon points worth?

There are two Amazon Chase credit cards: the Amazon Rewards Visa and the Amazon Prime Rewards Visa Signature Card. Both are issued by Chase, and both require at least good credit for approval. There are also some Chase credit card Amazon benefits available, regardless of which Chase card you have. For example, you can use Chase Ultimate Rewards points to pay for purchases on Amazon.com.… read full answer

There’s more to the story, though. So keep reading. I’ll walk you through the perks being offered.

Here are the Chase credit card Amazon deals:

• Shop with points. Just sign into your Amazon account here, link any Chase rewards credit card, and you can immediately start shopping. Just choose “Chase Ultimate Rewards Points” as your payment method at checkout. You’ll get 1 cent per point, the standard value for Chase rewards. So unless you have Sapphire Preferred or Reserve (whose points are worth more when used for travel), you won’t lose any value by redeeming on Amazon.
• Amazon credit cards. Chase basically offers two versions of their Amazon credit card: one for normal customers and one for Prime members, which offers better Amazon rewards and a bigger sign-up bonus. The Amazon Rewards Visa Card gives you 3% cash back at Amazon, 2% at restaurants/gas stations/drugstores, and 1% everywhere else. You also get a $50 Amazon gift card immediately when you’re approved. The Amazon Prime Rewards Visa has the same terms, except it gives 5% back at Amazon and a $75 gift card.
  
  And another great part about both of these cards is that you can use them immediately after you’re approved. You don’t have to wait for the physical card to come in the mail.
• Chase Freedom bonus. The Chase Freedom Credit Card has rotating bonus categories each quarter, where certain types of purchases earn 5% cash back. Amazon has been among those categories before and could be again, but you can’t count on it.

So you can’t really get Amazon savings unless you have one of Chase’s Amazon credit cards. But shopping with points is a nice option to have. And if you’re a frequent Amazon customer, you may want to consider applying for some Amazon plastic. If you don’t have the good or excellent credit required for approval, consider the Amazon Store Card instead. You only need fair credit, and if you’re a Prime member, you get 5% back at Amazon.

The best Amazon credit card for cash back is the Amazon Prime Store Card because it offers 5% cash back on Amazon purchases and gives a $10 Amazon gift card immediately after approval. The card has a $0 annual fee but requires an Amazon Prime membership to earn rewards. People without a Prime membership can still get the store card, but will only receive the gift card benefit and will not get 5% back on purchases. The Amazon Prime Store Card only requires fair credit. But it can only be used for Amazon.com purchases.… read full answer

While not strictly a cash back card, the Amazon.com Credit Card from Chase is just as good. Its points are worth 1 cent each when redeemed for cash. So, the Amazon.com Credit Card basically gives 5 points / $1 at Amazon.com and Whole Foods to Prime members and 3% cash back to everyone else. Restaurant, gas station and drug store purchases yield 2% cash back, with 1 point / $1 on all other purchases, regardless of Prime status. The Amazon.com Credit Card requires good credit for approval.

The Amazon Credit Card sign-up bonus is a $50 gift card to Amazon.com that is instantly loaded to the account after approval. This bonus increases to $70 if the cardholder is an Amazon Prime member. The Amazon Credit Card sign-up bonus is unique in that it’s one of the only credit card bonuses from major issuers that’s possible to earn without spending any money. Cardholders can use the gift card right away.… read full answer

If you don’t have the good credit required to qualify for the Amazon Credit Card, you could consider applying for the Amazon Store Card instead. It offers a $10 Amazon.com gift card as a bonus for opening the account and requires fair credit for approval.

Or, if you want to think outside the box, the best credit card sign-up bonus for Amazon.com from a card that’s not co-branded with Amazon is the Chase Sapphire Preferred card’s offer of 60,000 points. New cardholders can get it in return for spending $4,000 in the first 3 months after opening an account. Chase lets you use your points to shop directly on Amazon, but they’ll be worth more if you spend them on travel.