Hi everyone!
It’s Woop and Wob and today, we are going to share with you how you can save 5% or more from Amazon!!!
Chase Freedom
The Chase Freedom credit card has regularly rotating categories every quarter. You can get 5% back in points up to 7500 points per quarter after spending $1500. If you have a Chase Sapphire Preferred or Reserved card, you can redeem them for 1.25 or 1.5 cents per point, respectively. If you redeem these points for miles or hotel points, you can gain even more value from these points!
This quarter (July 1, 2020 to September 30, 2020), the 5% category is on all Amazon.com purchases, including Amazon gift cards! You can easily buy $1500 worth of Amazon gift cards for use throughout the rest of the year. You can even buy other gift cards (like Grubhub or Uber) from Amazon, so essentially, it’s like saving at least 5% on all purchases!
The Calculations
For example, let’s say you purchased $1500 worth of Amazon gift cards. You’ll get 7500 chase ultimate rewards points.
If we value each point at 1.25 cents a point, you’ll have the following:
| Original Price | $1500.00 |
|---|---|
| Chase Freedom 5% back from Amazon, 7500 points, 1.25 cents each | -$93.75 |
| Final Price | $1406.25 |
If we value each point at 1.5 cents a point, you’ll have the following:
| Original Price | $1500.00 |
|---|---|
| Chase Freedom 5% back from Amazon, 7500 points, 1.5 cents each | -$112.50 |
| Final Price | $1387.50 |
Lastly, if we value each point at 1.5 cents a point, you’ll have the following:
| Original Price | $1500.00 |
|---|---|
| Chase Freedom 5% back from Amazon, 7500 points, 2 cents each | -$150.00 |
| Final Price | $1350.00 |
In the last scenario, that is a savings of 10% from all Amazon purchases!
American Express Amazon Promo!
Although the Chase Freedom promo is good, the American Express cards are offering an additional 5 Amex points per dollar up to 2000 points!
If you have the Blue Business Plus card, you can get 2 points per dollar on top 5 points, which means you’ll get a grand total of 7 points per dollar. If we consider each point to be worth 2 cents per point, we have the following calculation (this is maximized with a purchase of $400):
| Original Price | $400.00 |
|---|---|
| 5 Points per dollar from Amex Offer - 2000 Amex points | -$40.00 |
| 2% Points from Amex Blue Business Plus Card - 800 Amex points | -$16.00 |
| Final Price | $344.00 |
This is a savings of 14%, which is actually better than the Chase Freedom card!
If you don’t a blue business plus Amex card, you can sign up and receive 10,000 Amex points after you spend a minimum of $3000 within the first 3 months of membership with this link: https://bit.ly/woopandwob_amex_blue.
Wait, you can save even more!
If you buy grubhub gift cards or uber gift cards (or any other gift card) from Amazon, you can then use those gift cards through a shopping portal like Rakuten/Ebates. For example, you can get an extra 2% back for Grubhub or an extra 4% back from Uber Eats using Rakuten/Ebates. This will give you even more savings than just the above credit card points!
For example, you can read about how we maximize Grubhub here: https://woopandwob.com/posts/20200622-wobs_deals_maximizing_grubhub/.
If you don’t have a Rakuten/Ebates account, you can sign up and get an extra $10 back after your first purchase here: https://bit.ly/woopandwob_rakuten
Final Thoughts
We hope you all enjoyed reading this edition of Wob’s Deal! Hopefully you’ll be able to take advantage of these Amazon deals!!! You should never buy anything for full price from Amazon. ;)
Have a great day everyone!!
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