Amex Cardholders Can Save 40% on Amazon Purchases with Membership Rewards Points

American Express cardholders may be eligible for a special offer that provides up to a 40% discount on eligible Amazon purchases when redeeming Membership Rewards points. This targeted promotion varies by account, with some cardholders able to save up to $35 after redeeming at least 1,429 points, while others can save up to $40 with just 429 points. The offer is available to holders of the American Express® Gold Card, the American Express Platinum Card®, and certain business cards.

The deal is particularly notable ahead of October Prime Day, as it allows shoppers to maximize savings on discounted items. However, the redemption value of points through Amazon is typically lower than other options, such as transferring points to airline or hotel partners. To take advantage of the offer, users must link their Amex card to their Amazon account, check eligibility, and redeem the minimum required points at checkout.

CNN Underscored staffers confirmed that the offer varies by account, with some receiving a 40% discount up to $35 after redeeming 1,429 points, while others received up to $40 after redeeming 429 points. All offers expire on December 31, 2026. The promotion is not tied to Amazon Prime membership, but having Prime may provide access to additional deals that can be stacked with the Amex discount.