Whether you’re stocking up on household staples or tackling your early holiday shopping, there are many ways to save on Amazon orders. And if you have an American Express card that earns American Express Membership Rewards points, you may be eligible for a new offer that can help you save up to 50% on Amazon purchases.

Typically, using Membership Rewards points for Amazon purchases isn’t great, as the return per point is below the rate for travel redemptions. However, right now, you can save as much as 50% on an Amazon purchase by cashing in as few as 1 Membership Rewards point with some current targeted offers.

Some staffers at TPG received offers as high as 50%.

Others had offers of 10% or 15%.

To get in on this offer, you’ll need a card that earns Membership Rewards points, such as The Platinum Card® from American Express, the American Express® Gold Card or the American Express® Green Card.

The information for the American Express Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Offers available when using Membership Rewards points to pay for Amazon purchases

Not all Amex cardholders will be targeted with the same Amazon offers, so check your account. For example, at the time of publication, some saw offers to save 15% (up to $15) — but, as I mentioned, a few of us saw an offer for savings of 50% (up to $80). Remember that these are targeted offers, so they will vary. Hopefully, you are targeted for the larger offers.

Only products sold by Amazon are eligible for the discount. Third-party listings won’t trigger any savings, but you may be able to take advantage of this deal by stocking up on dining or retail gift cards. For example, gift cards for companies like Whole Foods, Uber Eats and Nordstrom may be eligible.

Related: Save up to 50% on Amazon orders when using Chase points via this targeted offer

How to save up to 50% by redeeming 1 Amex point

Here are the steps you should take in order to turn 1 Amex Membership Rewards point into serious Amazon savings:

• Link your eligible Amex card to your Amazon account. You can do this through the Amex app or Amazon website.
• Check to see if you have a targeted offer.
• Activate the offer in your Amazon account.
• Load your shopping cart with eligible items.
• We do not recommend paying for the entire purchase with points, as it may not be the best use of your Membership Rewards points. Instead, use as few points at checkout as possible (as shown below). You’ll need to use an American Express card that earns Membership Rewards points as your payment method.

Assuming everything works, you should see the offer reflected during checkout. You’ll need to cover the rest of your transaction with an Amex card, though you can also apply an Amazon gift card balance if there’s one attached to your account.

Other offers may be available

You might find similar offers with other rewards programs from time to time. For example, we’ve previously seen offers for 40% off (up to $20 maximum) when using Discover rewards on select Amazon purchases.

Additional past offers allowed targeted customers to use 1 Citi ThankYou Rewards point for up to 50% off, 1 Capital One mile for up to $20 off and 100 Chase Ultimate Rewards points for up to 50% off.

You can also sometimes find targeted offers on Amazon product pages underneath the item’s price, so keep your eyes peeled when browsing.

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Transfer bonuses can offer lucrative opportunities to maximize your points and miles and work your way toward fantastic award redemptions. You can sometimes get significantly more value from your rewards by transferring them to an airline or hotel partner during one of these bonus periods.

Remember, though, that these are limited-time offers, so you’ll need to act fast if you find one that suits your travel plans.

We’ve compiled transfer bonus updates for most major programs with transferable rewards to make tracking these offers easier. Just note that transfer bonuses are sometimes targeted, so some may not be available.

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Chase Sapphire Reserve®: Earn 100,000 bonus points plus a $500 Chase Travel℠ promo credit after spending $5,000 on purchases in the first three months from account opening (see rates and fees).

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Active credit card transfer bonuses

We’re currently seeing multiple transfer bonuses from:

Transfer from	Transfer to	Bonus details	End date
American Express Membership Rewards	Hilton Honors	up to 30%; targeted	Amex has not disclosed an expiration date for this offer.
Capital One miles	Avianca LifeMiles	15%	Aug. 31
Chase Ultimate Rewards	Marriott Bonvoy	50%	Aug. 15
Citi ThankYou Rewards	Leaders Club	25%	Aug. 23

American Express Membership Rewards transfer bonus

American Express Membership Rewards is offering a targeted (up to) 30% transfer bonus to Hilton Honors. This targeted offer does not have a set expiration date, but check your accounts to see if you have access to this bonus.

Membership Rewards points typically transfer to Hilton at a 1:2 ratio. Several TPG staff members were targeted for the 30% transfer bonus, which means 1,000 American Express Membership Rewards points will turn into 2,600 Hilton points. Another TPG staffer was only targeted for a 25% transfer bonus, which means 1,000 American Express Membership Rewards points equate to 2,500 Hilton Honors points. Hilton uses dynamic pricing, so the number of points needed to book an award stay can vary depending on timing, seasonality and other factors.

How to earn American Express Membership Rewards points

If you’re looking to earn more of these valuable points, the following American Express cards could prove useful additions to your wallet:

• The Platinum Card® from American Express: Find out your offer and see if you are eligible for as high as 175,000 Membership Rewards points after spending $8,000 on purchases in the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.
• American Express® Gold Card: Find out your offer and see if you are eligible for as high as 100,000 Membership Rewards points after spending $6,000 on purchases within the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.

Based on TPG’s August 2025 valuations, Membership Rewards points are worth 2 cents each, and our tests indicate that they transfer instantly to most of American Express’ transfer partners.

Related: How to redeem American Express Membership Rewards points for maximum value

Capital One transfer bonus

Capital One is offering a 15% transfer bonus to Avianca LifeMiles until Aug. 31.

LifeMiles can be a rewarding way to book premium cabin travel on Star Alliance partners like Lufthansa and United Airlines. With no fuel surcharges, frequent award sales and the ability to buy miles at a discount, LifeMiles can deliver surprisingly good value, especially for business- and first-class redemptions on long-haul routes.

How to earn Capital One miles

If you’re looking to earn more transferable miles, the following Capital One cards are solid options to consider:

TPG’s August 2025 valuations peg Capital One miles at 1.85 cents apiece, and most transfers from Capital One will process instantly. For more details, check out our guides to the Capital One transfer partners and how to transfer Capital One miles.

Chase Ultimate Rewards transfer bonus

Chase is currently offering a 50% bonus when you transfer Chase Ultimate Rewards points to Marriott Bonvoy by Aug. 15.

Since TPG values Marriott points at 0.7 cents apiece and Chase points at 2.05 cents per point, per our August 2025 valuations, we typically wouldn’t recommend transferring your Chase Ultimate Rewards points to Marriott Bonvoy, as you’ll most likely lose value. However, if you need to top off your account or find a really good redemption rate, transferring your points may make sense. As always, it’s best to crunch the numbers and find availability before transferring your points.

Remember, transfers are irreversible.

Related: When to transfer Chase points instead of booking a hotel through Chase Travel?

How to earn Chase Ultimate Rewards points

If you want to earn more Chase Ultimate Rewards points, the following Chase cards could make good additions to your wallet:

According to TPG’s August 2025 valuations, Chase Ultimate Rewards points are worth 2.05 cents each when maximized with travel partners. Most Ultimate Rewards points transfers will process instantly.

Related: Chase Ultimate Rewards points: How to redeem for maximum value

Citi ThankYou Rewards transfer bonus

Citi ThankYou Rewards is currently offering a 25% bonus to The Leading Hotels of the World’s Leaders Club program. Citi ThankYou Rewards points usually transfer to this partner at a 5:1 rate, but with the transfer bonus, the rate increases to 4:1.

While this might seem like a poor transfer rate, Leaders Club redemptions start from just 4,000 points and include luxury properties worldwide, so it could be worth a look.

How to earn Citi ThankYou Rewards points

To earn more ThankYou Rewards points, consider these Citi credit cards:

TPG values Citi ThankYou Rewards points at 1.9 cents each, per our August 2025 valuations, and most transfers happen instantly.

Related: Citi ThankYou Rewards transfer partners: Redeem your points with airlines and hotels

Marriott Bonvoy transfer bonus

Though you can transfer Marriott Bonvoy points to various airlines, the program is not currently offering any transfer bonuses.

How to earn Marriott Bonvoy points

If you’re looking to earn Marriott Bonvoy points, the following Marriott cards may be of interest:

According to TPG’s August 2025 valuations, Marriott Bonvoy points are worth 0.7 cents each. Some airlines take a few days (or even weeks) to receive the points.

Related: Marriott Bonvoy program: How to redeem points for hotel stays, airfare and more

Should you transfer points and miles?

We only recommend transferring points or miles if you have a short-term plan to use them. Many programs have implemented devaluations over the last few years, so speculative transfers could prove a losing proposition. Transfers are irreversible, and you don’t want to be stuck with thousands of points or miles in a program you have little use for.

If you don’t have a specific redemption in mind but still want to earn points or miles, you’re likely better off earning rewards through card welcome bonuses and everyday spending.

And we always recommend you ensure award availability before transferring your rewards.

Bottom line

When a program with a transferable currency offers a transfer bonus, it’s important to run the numbers to determine whether it is worthwhile.

Generally, you won’t want to transfer your points or miles without a specific redemption in mind. After all, a large part of the value of transferable points and miles comes from their flexibility, which you’ll give up when you convert them to a partner’s currency. However, a transfer bonus can help you get more value from your points and miles if you use a partner program frequently or plan to redeem soon.

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