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Earning 5X on Amazon Purchases Just Got Harder!
It has been rumored for a few weeks now but it is now official. Amazon gift cards can no longer be purchased from online sellers. No more e-gift cards. No more easy 5X earning on your Ink Plus or Cash card if there was something that popped up on Amazon that you needed to buy quickly. That Amazon Fire Tablet sale from yesterday…forget about 5X earning on that purchase unless you have some gift cards lying around.
Now that I have gotten that off my chest (yes I do feel a little better) we can look at the best ways to still earn 5X at Amazon.
Details on the Change
Amazon decided that they no longer wanted their gift cards sold at online retailers. I am assuming this is from large amounts of fraud but I have nothing to really back up those thoughts. I don’t see why else they would do it besides seeking more control over their gift card sales.
Swych sent me an email alerting me that they no longer carried them. So I checked Gyft and PayPal Digital Gifts just to see if they still had them around by chance. Zilch on both accounts. So everything has been pulled off of the electronic shelf so to speak.
This is a big blow since these gift cards were delivered instantly and it was possible to earn 5X Ultimate Rewards points on the purchases. And since they were delivered instantly there was no need to hoard Amazon gift cards. This allowed you to jump on deals at will and still rack up the maximum amount of points possible.
Options Going Forward
Going forward it will be necessary to go out into the world and face human interaction to get your Amazon gift card fix with 5X earning. Not a favorite option of many in our hobby :). It also means that you may need to speculatively purchase Amazon gift cards in order to fully take advantage of lightning deals etc. If you need to run to the store to make your purchase the deal may be dead by the time you buy the gift card.
The best options to load up on Amazon gift cards going forward are:
- Grocery stores with a card that offers a grocery bonus like the American Express Blue Cash Preferred.
- Office stores with your Ink Cash or Plus cards, or American Express Simply Cash card.
The other option would be to get the Amazon credit card which earns 5% back on Amazon purchases. If you make a lot of purchases on Amazon this may be an easy option for you, although not as good as 5X Ultimate Rewards points.
You could also use cards that have minimum spend that needs to be completed. Another option is to just stock up on physical gift cards with Amex Offers, like the latest Lowe’s offer.
All is not lost, things just got harder is all. What else is new these days?
What is your plan for Amazon purchases going forward? Are you going to focus on physical gift cards or go a different route?
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.