Getting the Most from Your Amazon Purchases

If you are America’s largest online retailer, you don’t have to offer coupons or cash back deals to get people to buy from your web store. But if you are an Amazon customer, there are still ways to maximize the savings you get when making purchases on Amazon.com.

First, there’s Amazon Prime, which, for $79 offers 2-day shipping for an entire year on “millions of items” sold on Amazon, and, in my experience, almost all items shipped by Amazon itself. Students can get one year of Amazon Prime for free, and pay only $39 per year subsequently. If you shop a lot online, or are in the market for some bulky item with a high shipping charge, Amazon Prime may be a good deal.

But to get the most out of your Amazon purchases, look into double-dipping. Since August 2011, Hawaiian Airlines’ eMarket has been giving miles, now downgraded to 1 mile per dollar, for purchases made on Amazon.com. US Airways briefly also offered this deal, but has since pulled it down, making the eMarket currently the only portal worth a visit before an Amazon purchase.

earn miles on Amazon purchases through Hawaiian Airlines’ eMarket portal

To double-dip, take a peek in your wallet. This quarter, from January 1st to March 31st, 2012, Chase Freedom cardholders get 5% cash back on up to $1500 spent on gas and Amazon.com. Unless you spend over $100 on gas every week, the $1500 ceiling should be enough to let you effectively get up to 5% in savings when shopping on Amazon until the end of March.

If you don’t have the Chase Freedom card, the Citi Forward card may do the trick as well. Currently, the Citi Forward card, which gives 5 points per dollar on restaurants, books, music, and movies, seems to categorize purchases made on Amazon.com as “books,” effectively yielding 5% cash back when buying through the online retailer. However, unlike Chase Freedom’s deal, which explicitly includes Amazon.com in its 5% cash back category, Citi Forward does not offer a list of retailers eligible for earning 5 points per dollar. In other words, it’s a very sweet deal right now, but you should keep an eye on your statements since Citi can decide at any time that what you’re buying on Amazon doesn’t really count as a book.

On the other hand, if you’re looking to use points and save on cash when buying on Amazon, check your Discover balance instead. In October 2011, Discover announced a new redemption option for its cash back program: spend it on Amazon. The dollars are spent 1-to-1, but while statement credits and direct deposits can only be redeemed in increments of $50, the “pay with Cashback Bonus” option for Amazon allows Discover cardholders to redeem any amount of cash back on an Amazon purchase, which means you don’t have to wait as long to transform the cash back you earned into real cash. For this, all you have to do is link your Discover and Amazon accounts here.

But whether you use the Chase Freedom or Citi Forward card to earn more points, or Discover to redeem points, don’t forget to go through Hawaiian’s eMarket. Even though Amazon’s prices are often already a good deal, and there aren’t many coupons to be found, double-dipping can still maximize what you get out of your Amazon.com purchase.

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