Earn The Most Rewards From Amazon.com Purchases

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

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A North Dakota rancher can go through life without buying a subway ticket, while a New York businessperson may not even need a driver's licence. But if there's one thing that urban and rural Americans can agree on, its their love of Amazon.com. The online retail giant gives those in the most remote locations access to hundreds of thousands of products that might have meant hours of driving, while city dwellers prefer to buy some goods online without having to worry about transporting them home by foot or with public transit.

Earning Rewards From Amazon.com

With so many people, even suburbanites, spending so much money on Amazon, it’s important to figure out how to earn the most valuable rewards from your purchases Amazon.com purchases. Thankfully, there are several options:

1. The Amazon.com Rewards Visa Card from Chase. This card offers 3% back for purchases made at Amazon.com, 2% back for purchases at gas stations, restaurants, and drug stores, and 1% back everywhere else. Points are worth one cent each towards additional purchases at Amazon.com, and there is no annual fee for this card.

2. The Amazon Store Card. This is another Amazon.com-related credit card, but it can only be used for Amazon.com purchases, unlike the Amazon.com Rewards Visa Card from Chase. By itself, cardholders don't receive any cash back rewards, just a variety of promotional financing offers on various purchases. But if the applicant is a member of the Amazon Prime subscriptions service, then the Amazon Prime Store Card will earn cardholders 5% cash back on all Amazon.com purchases as a statement credit.

3. Use Credit Cards with Bonus Spending Categories. Many credit cards come offer 5% cash back in popular categories of purchases that rotate every quarter. Chase Freedom® and Discover it® cards are very popular rewards cards that offer 5% cash back on up to $1,500 spent each quarter on qualifying purchases. In the 3rd quarter of 2015 (July -September), Amazon.com is a featured retailer for the Discover it card, while Chase Freedom features Amazon.com in the 4th quarter of 2015 (October - December). So in either case, $1,500 spent during the eligible quarter will result in $75 of cash back rewards.

4. Purchase Amazon.com Gift Cards. A more innovative way to earn rewards from Amazon.com purchases is to buy gift cards from retailers that qualify for bonuses from particular credit cards. For example, many supermarkets sell Amazon.com gift cards, and there are several credit cards that offer exceptional rewards for grocery store purchases. For example, the Blue Cash Preferred® Card from American Express offers 6% cash back on purchases made at US supermarkets on up to $6,000 per calendar year). That's a savings of $300 per year! In addition, the Chase Ink Plus® Business Credit Card offers 5x points for purchases at office supply stores (on up to $50,000 spent each year). These points are worth 1.25 cents each towards travel reservations from Chase, or potentially much more when they are transferred to points and miles with airlines and hotel programs. For example, it is not uncommon to realize values of 4-6 cents per mile when redeeming miles for business class international award flights.

*Terms and limitations apply.

Bottom line

Amazon.com is a great way to save time and money purchasing goods from your own home. While Amazon Prime members can enjoy 5% cash back from their store card, travel rewards enthusiasts and others can do even better when they use the right credit card to buy gift cards from featured retailers.

* Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.

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