Capital One Rewards Will Quickly Be Redeemable Through Amazon.com

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Capital One is becoming a member of American Specific, Chase, Citi and Uncover in permitting eligible cardholders to redeem rewards to pay for Amazon.com purchases.

The issuer didn’t provide a launch date for its Amazon Store With Factors characteristic, however mentioned it might occur “within the coming weeks.” It will permit choose Capital One cardholders to redeem rewards in any quantity to pay for a complete buy, or just to offset a part of the fee.

Rewards earned on these Capital One playing cards are eligible to be redeemed on Amazon:

For Capital One cash-back playing cards, $1 in money rewards will probably be value $1 in Amazon redemption worth, which is similar worth Uncover provides for Amazon redemptions.

For Capital One journey playing cards, which earn miles as an alternative of money again, rewards could be redeemed through Amazon at a price of 125 miles per $1 — a price of zero.eight cent per mile. That’s consistent with the Amazon redemption ratio for Chase Final Rewards® factors, and barely larger than the redemption ratio while you use American Specific Membership Rewards factors towards Amazon purchases.

Capital One cardholders will robotically be enrolled for gratis, starting after they obtain a affirmation e mail from Capital One, however they’ll decide out at any time.

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