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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ev’reward: An Awesome Shortcut for Miles and Cashback Comparison Shopping

Late last week, I learned about a great website that I think is worth sharing: ev’reward.

I strongly believe in going through a portal whenever I online shop, so once I find something I want to buy, I put it in my check-out basket and then visit several portals to find out which one is giving the highest mileage or cashback return for that store. As I showed a while back, there isn’t one portal that is always the best – some portals have more partner stores than others, and the highest miles/ cashback yield varies by portal and store. And while I still visit several online portals, I admit that checking every one is a fairly time-consuming process if all you want to do is click “buy” and have an item delivered to your house.

Step in ev’reward. Through this website, you don’t have to decide whether visiting each portal is worth it for you – ev’reward automatically visits them and tells you what their deals are! All you have to do is type the name of the online store from which you’re buying something, and ev’reward gives you a list of portals and the miles or cashback each one will give you for making a purchase from that store. This cuts the research process to just a few seconds, and you can immediately see which portal will suit you best.

ev’reward’s output for Banana Republic: portals for cashback, savings, points, and miles

There are only two caveats that I’ve seen so far. First, some rates are a little outdated. For example, United’s Mileage Plus Shopping Portal is currently offering 2.5 miles per dollar spent at Banana Republic online, but ev’reward is showing only 2 miles per dollar. Second, it doesn’t list every portal out there, so that if you typed in “amazon.com,” you wouldn’t know through ev’reward that Hawaiian’s and US Airways’ shopping portals currently give miles for Amazon purchases.

Nonetheless, if you usually check several portals like I do before buying, ev’reward is a great starting point to find out which ones are even worth looking into. In the case of J.Crew, for example, ev’reward correctly does not list ShopDiscover as a cashback portal, so I know there’s no point in checking, which saves me some time. On the other hand, if you are not planning on investigating each portal before buying, with the ev’reward output, you can at least be sure that if you go through any portal on its list, you’ll get more miles or cashback than if you didn’t go through one at all.

Cash for a Clunker Appliance

Similar to last year’s cash for clunker program, the American Recovery and Reinvestment Act of 2009 has allocated $300 million for rebates to eligible residential consumers when they recycle their used appliances and purchase new energy-efficient ones (otherwise known as ENERGY STAR appliances).  Each state is in charge of designing  and implementing its own unique Appliance Rebate Program, and the Department of Energy (DOE) has already approved all of them.  A handful of states (Iowa, Kansas, Minnesota, Rhode Island) have started their programs, but most will launch theirs later this month.  Click here for details of the program available in your state. Continue reading

Start Lining Up Your Date Nights

For the last quarter of the year (October 1 to December 31, 2009), Discover is offering a 5% cashback bonus on up to $400 in purchases made at grocery stores, restaurants, movie theatres and video rental services.  If you make the maximum amount of $400 in eligibile purchases, you will get $20 in cashback, which can be turned into a $25 gift card from certain retailers such as Banana Republic and Brooks Brothers.  So remember to sign up.  Then get out there and start making plans for some great date nights!

Competing for a Slot in Your Wallet

Big news: Chase is unveiling a new Ultimate Rewards program for its credit cards to compete directly with American Express’ Membership Rewards loyalty program and Citi’s Thank You Network program.  For now, the program doesn’t seem as large or rewarding as Citi’s ThankYou Network.  You can only earn points through two credit cards (the Freedom and the new Sapphire), where you get a point for every dollar spent or three points for every dollar spent in categories (restaurants, clothing, gas) that change each quarter.  This is similar but still not as good as Discover’s 5% Cashback Bonus program.  You can also earn points by shopping from retailers through the Ultimate Rewards Mall, much like the Thank You Bonus Center and ShopDiscover.  You don’t, however, get extra points by linking your Chase bank account to the rewards program, and although Chase doesn’t have an Expedia counterpart, you can also earn points by booking travel on the Ultimate Rewards website.  Regardless, having one more choice in the credit world is good from a consumer’s prespective and hopefully Chase will improve its new rewards progam to make it more appealling and more competitive.

Get the Check and 5% Back

If you have a Discover More card, make sure to sign up for the 5% Cashback Bonus on restaurants going on throughout June.  Discover had a similar bonus event in March (offering 2% cashback), but this time around I did not receive any notifications in the mail or through e-mail and found out only when I logged in to make a payment.

5% cashback is a great deal and can’t easily be found in other credit cards without annual fees (though the Citi Forward gets close for some purchases).  Unfortunately, this deal is limited to a total of $200 spent in restaurants during the month of June, or $10 in cashback.  But if you are dining out (hopefully after making a reservation through OpenTable) or ordering in (don’t forget that delivery food comes from restaurants too!) at any point during the month anyway, be sure to use your Discover Card and get as much of those 10 dollars as you can.