Earning 10x Points On Amazon Purchases This Quarter

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As I wrote about a bit over a week ago, the Chase Freedom is offering an awesome bonus this quarter.

The card ordinarily offers 5x points per dollar spent in rotating quarterly categories. The fourth quarter bonus was for 5x points at select online retailers, including amazon.com.


The total which can be bonused is ordinarily capped at $1,500 per quarter, meaning you can earn up to 7,500 points per quarter by maximizing the bonuses.

However, Chase is doing something really special this quarter, and is offering 10x points between November 23 and December 31, 2015. Best of all, they reset the quarterly limit on November 23, meaning you could have earned 5x points for up to $1,500 of spend between October 1 and November 22, and then can earn 10x points for up to $1,500 of spend between November 23 and December 31, 2015.


Given that it’s the season for holiday shopping, I suspect many won’t have any issues maximizing the quarterly bonus with purchases at Amazon. While I use Amazon a fair amount, I doubt I’ll be spending $1,500 through them in less than six weeks, however. My first thought was to buy Amazon gift cards to make up the difference, as I’ll definitely be able to use them in the future.

What I hadn’t realized, or perhaps just hadn’t thought about, is that Amazon sells tons of other gift cards as well. Everything from Hyatt gift cards to Southwest Airlines gift cards to Starbucks gift cards; there are tons of options.

If I can’t quite make it to the limit for the bonus I’ll end up picking up Hyatt gift cards for the residual. In conjunction with the Chase Sapphire Preferred, Chase Freedom points can be converted into Ultimate Rewards points. I value those at ~1.7 cents each, so to me that’s like a ~17% return on Hyatt gift cards. Not half bad!

How do you plan on maximizing the 10x points being offered at Amazon with the Chase Freedom?


  1. Hyatt via Amazon seems a pretty poor redemption given Hyatt was offering ten percent off gift cards a few days ago plus the ability to use a Hyatt or Amex to buy them. That means you could already have got ~ 15% off.

    A better redemption would probably be for something that would normally closer to everyday spend, so maybe supermarkets spend.

  2. You have to time these well. Citi Prestige already offer 3x Thankyou points on airline and hotels and as Aj said that Hyatt was offering 10% off a few days ago. Probably the best way to spend would be regular purchase if one wanted to optimize points and miles.

  3. Just a word of warning about Hyatt gift cards. One of my digital gift cards was hacked (not clear how), and getting the credit back was awful. Almost didn’t happen. I won’t buy them proactively anymore.

  4. I’ve activated the 5% back for this quarter. Do you need to do something else to get the 10% return. I don’t see that offered on my Chase page.

  5. I suppose the trick here is to check the retail price of a gift card against the cost of a reputable aftermarket card for the same thing. That is, if you could purchase a $100 Hyatt gift card for $80 from a gift card reseller, then you’re actually losing money and increasing the memory/nuisance factor by buying them from Amazon for $100.

    I just checked raise.com and Hyatt cards are 8% discounted. So you’re actually saving 9% by buying them from Amazon, then having to remember to reuse them, etc. Seems like a lot of work.

  6. @Janet My reading of the Chase webpage is that if you have already registered your Freedom card for the 5X bonus this quarter, you are automatically registered for the 10X offer. I know I logged on to register for 10X and was told “you are already registered for 10X”. 🙂

  7. A word of warning about the Starbucks card. Even though Amazon says:
    “Starbucks Cards redeemable at most SB locations”, it fails to add: ‘in the US’.
    As I found out the hard way, Starbucks locations in Europe will not accept them. 🙁

  8. I think Ben made the point that this was a back up plan in case he didn’t hit the cap for regular spending. I agree that using it for regular purchases is ideal.I’ve been stocking up on deals and everyday items.

    For people who don’t have the Freedom, you can also look into AmEx offers for $25 off a $200 purchase. That would work out to a 12.5% discount on AA, Hyatt, ebay etc gift cards (ebay can then be used to buy other gift cards at additional savings).

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