Posted by Chuck on November 21, 2019
Deals

Published on November 21st, 2019 | by Chuck

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Capital One Points Will Soon Be Redeemable on Amazon with Shop-With-Points (1:1 for many cards)

[Updated with redemption value, below.]

Capital One points will soon join the Amazon Shop-With-Points program.

Find more information here. (affiliate link)

The following cards will be eligible: Venture, VentureOne, Quicksilver, QuicksilverOne, Savor, SavorOne, Spark Miles, Spark Miles Select, Spark Cash, Spark Cash Select, Spark Classic, and Journey Student.

We’ve clarified with Capital One that the redemption value with be 1 cent per point for cards which earn cashback and 125 points equals a dollar for cards which earn points.

Redeeming the cashback directly or using points for cashback or  transfer partners makes more sense for savvy credit card users, but it’s nice to see the 1:1 value, regardless, as most banks offer less than that.

Hopefully we’ll see Shop-With-Points deals, similar to what we’ve seen consistently with all the other banks who partner with Amazon.

Hat tip to reader US



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h-bomb
h-bomb

Unless there’s a shop-with-points promo (like we’ve seen with Amex, Chase, and Discover if I recall correctly), you should *never* purchase with points. Because in doing so, you lose out on earning the points/cashback you would have earned had you just made a regular CC purchase and simply redeemed the points as cashback or a statement credit. (Of course, if you have a means of redeeming the points at more than 1cpp, that makes the deal even worse absent a promo.)

gene
gene

anything I can do with capital one GM rewards if I don’t want a GM vehicle?

Superman
Superman
Kevin
Kevin

agree. Since it’s just as easy to just make the purchase and get a statement credit, you should be doing that, not shopping with points. Unless there’s a promo.

wtvr
wtvr

hilton .5

Pretty pretty please!

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