Amazon Points To Dollars: Cash Value & Redemption Options

Convert Amazon Points To Dollars

Use the Amazon Points Value Calculator to determine the cash value of Amazon Rewards Points. This will let you know how much your points are worth.

Your options for redeeming your Amazon Points will vary depending on the card you have.

Synchrony Redemptions

Cash back earned with the Amazon Prime Store Card can only be applied to your purchases at checkout or directly to your statement when signed into your account. Both options have the same effect of shaving the cost off your overall charges with Amazon.

Chase Bank Redemptions

Cash back earned with Chase Amazon credit card and Chase Amazon Prime credit card are displayed as points in which one points is equal to 1 cent in value. Points can be used to redeem purchases made at Amazon.com.

Points can also be redeemed for cash (starting at 2,000 points which is equal to $20), through an account statement credit, or electronic deposit into an eligible checking or savings account held by a financial institution located in the United States.

Other redemption options include travel (flights, hotels, cruises, car rentals), gift cards, and more. Points earned with the Amazon Credit Card will not expire as long as the account is opened.

American Express Redemptions

Cash back earned with the Amazon Business American Express credit card and Amazon Business Prime American Express credit card are earned under the Amazon Rewards Program.

Cash back rewards are tracked as points and every 100 points earned in cash back rewards will equal $1. This means that one points is equal to 1 cent.

You can redeem points for eligible purchases at Amazon.com, Amazon.com/business or towards a charge on your statement.

Shop with Points on Amazon.com

The Amazon Shop with Points program allows you to redeem points earned with several popular rewards programs at checkout. Those programs include:

• Amazon Rewards Points
• American Express Membership Rewards
• Capital One Venture Rewards and Spark Rewards
• Discover it Miles
• Citi ThankYou Rewards
• Chase Ultimate Rewards
• HSBC Rewards
• Hilton Honors

When you attach credit cards from any of the above programs to your Amazon Rewards account, the option to pay with points or miles will be available at checkout.

You can use the Shop with Points program to pay for Amazon.com purchases using popular rewards programs.

For most of these programs, Shop with Points will give your rewards a value that is equal to or lower than the average redemption value of the rewards being redeemed.

So why would you use Shop with Points through most of these programs? Because of the occasional discounts that Amazon.com offers.

From time to time, Amazon will offer a discount when you use points or miles towards your purchase such as $20 off a $50 purchase. These discounts typically have no minimum redemption amount, meaning that you can use 1 point or mile to trigger the discount.

Using 1 point or mile for a $20 or more discount is exceptional value. For this reason alone, I recommend linking your rewards cards to your account for when these discounts come around.

Best credit cards for Amazon purchases

If you want a little bit of flexibility in your rewards, here are our top picks for shopping online with Amazon:

• Blue Cash Everyday® Card from American Express
  Best For 3% Back Shopping Online
  Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
• Citi® Double Cash Card
  Best For 2% Back On All Purchases
  No current offer.
• Capital One Venture Rewards Credit Card
  Best For Unlimited 2X Miles
  Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.