Author Topic: Amazon launching new 5℅ back card for Amazon purchases  (Read 5320 times)

Offline NYHeel

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #15 on: January 11, 2017, 02:53:11 PM »
Big meh.

Can already get 5% back (and more) by buying GC at drug or office supply stores.
Completely disagree. I don't like buying Amazon stuff on gift cards. I will use gift cards when I get a significant discount like Lowe's Amex offers but I'd much rather have 5% cash back to spend on Amazon over using an ink plus to buy gift cards, even if those points are worth 7.5% back. The credit card protection benefits, lack of cash flow issues, and not having to deal this the hassle are worth the extra 2.5% if a credit card is going to give me 5% value for no hassle or effort. Last week I was going to use a credit card to return a suit I bought on Amazon 2 months ago. Unfortunately when I looked I saw that I bought the suit on a gift card. That's $140 right there. There are other times I've used extended warranties on Amazon purchases. I'd rather use a credit card that has those benefits vs. gift cards that have no benefits.

Plus, the extra 2.5% is only for travel. I do travel but not that much. I already have a lot of Chase points between my wife and I. It's going to take awhile to use those points. Especially since using the Chase points for anything but flights is dicey. Hotels sometimes offer better rates/deals through other sites or I usually use AirBnb when travelling with my family. Costco typically gives me much better rates for car rentals. So figure it will probably take me somewhere in the range of 3-7 years to consume my current balance of Chase points, if not longer. The present value of the 7.5% lowers that number closer to 5%. I'll take the 5% cash that I can use on my next month's Amazon purchases.

Offline Dan

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #16 on: January 11, 2017, 02:55:39 PM »
If you bought a suit 2 months ago then it still qualifies for holiday returns.

Besides, how will the Amazon CC help you with extended returns exactly??

If you want a warranty that will pay out or if you want return protection you won't get help from this card anyway.
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Offline NYHeel

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #17 on: January 11, 2017, 03:14:43 PM »
If you bought a suit 2 months ago then it still qualifies for holiday returns.

Besides, how will the Amazon CC help you with extended returns exactly??

If you want a warranty that will pay out or if you want return protection you won't get help from this card anyway.
I checked and it was purchased before the holiday returns on 10/30. Can't return it.

Does the Amazon CC not have extended returns and warranty protection? I'm pretty sure I used the second year warranty before on that card. Wasn't fun but not too terrible either. Had to fill out a few things and send back. If it doesn't have return protection then that may change the equation a bit. I have a possible trip to Hawaii a year from now and a trip to Israel three years from now as our only trips coming up on the horizon.But we already have almost 1 million combined Chase and Amex points. After a while there's some diminishing returns from additional points.

Offline Dan

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #18 on: January 11, 2017, 03:16:28 PM »
No return protection and Chase warranty coverage is a joke compared to AMEX.

Your reasons are sound, but they aren't reasons to use this card.
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Offline NYHeel

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #19 on: January 11, 2017, 03:37:33 PM »
No return protection and Chase warranty coverage is a joke compared to AMEX.

Your reasons are sound, but they aren't reasons to use this card.
I've used the Chase warranty coverage twice and it wasn't so bad. Have never used Amex so I don't have a point for comparison. It wasn't an enjoyable experience but it also wasn't ridiculous. I'd put it at a headache but usable. Maybe I'll use gift cards for smaller purchases and an Amex for the larger purchases that may need some protection.

Truth is that I still have about $300 in gift cards from the most recent Lowe's $10 off $50 Amex offer. I used that one to buy $600 in Amazon gift cards for $480.

Offline JTZ

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #20 on: January 11, 2017, 03:38:43 PM »
If it is a 5x card then there is a need to find the loopholes.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline rileywiles23

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #21 on: January 11, 2017, 03:44:52 PM »
Being single is no excuse for having one IP. And not having (multiple) Blue Cash and other 5x cards.
It's got nothing to do with being single.
Alot of people have never had success getting one IP, let alone multiple.

I've tried 4 times over the last 3 years with nothing to show, besides 4 hard inquiries.
Granted I do have a few other 5X card's.
Life is as good as you make it...

Offline AJK

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #22 on: January 11, 2017, 06:30:03 PM »
Your inability to get an IP is solely on you... or your lack of a legitimate (sounding) business.

Even so, your last line undercuts your point and supports mine.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Dan

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #23 on: January 11, 2017, 06:35:38 PM »
Can still get IC
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Offline AJK

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #24 on: January 11, 2017, 06:40:23 PM »
Completely disagree. I don't like buying Amazon stuff on gift cards. I will use gift cards when I get a significant discount like Lowe's Amex offers but I'd much rather have 5% cash back to spend on Amazon over using an ink plus to buy gift cards, even if those points are worth 7.5% back. The credit card protection benefits, lack of cash flow issues, and not having to deal this the hassle are worth the extra 2.5% if a credit card is going to give me 5% value for no hassle or effort. Last week I was going to use a credit card to return a suit I bought on Amazon 2 months ago. Unfortunately when I looked I saw that I bought the suit on a gift card. That's $140 right there. There are other times I've used extended warranties on Amazon purchases. I'd rather use a credit card that has those benefits vs. gift cards that have no benefits.

Plus, the extra 2.5% is only for travel. I do travel but not that much. I already have a lot of Chase points between my wife and I. It's going to take awhile to use those points. Especially since using the Chase points for anything but flights is dicey. Hotels sometimes offer better rates/deals through other sites or I usually use AirBnb when travelling with my family. Costco typically gives me much better rates for car rentals. So figure it will probably take me somewhere in the range of 3-7 years to consume my current balance of Chase points, if not longer. The present value of the 7.5% lowers that number closer to 5%. I'll take the 5% cash that I can use on my next month's Amazon purchases.

You have some good points, but I still don't agree.

Floating $500 in Amazon credit, given how often I buy from them, is not really a cash flow issue for me.  To the extent it is for you, or others, you can reduce that amount accordingly, depending on the frequency with which you shop there.  Bottom line, given how often people buy groceries, pass by an office supply store or a CVS, one should easily be able to manage having the right amount of Amazon cash on hand to extract better value than Amazon 5%.

Additionally, your Amazon 5x only gets you 5% off at Amazon, whereas Ink 5x gets you a minumum of 5x on *anything* or 7.5% on travel (or on anything based on gray-market value).

With respect to your warranty issue, I simply don't have it.  I only buy things with Amazon GC that are either consumable, perishable, or otherwise not going to be returned.  Anything not fitting those categories gets put on an AmEx. It would not be put on this Amazon card, or any Chase card for that matter.

Finally, there are often ways to get better than 10% off Amazon using 5x cards and stackable offers.  Constraining yourself to using Amazon card leaves substantial amount of money on the table.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline AJK

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #25 on: January 11, 2017, 06:40:54 PM »
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Dan

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #26 on: January 11, 2017, 06:43:40 PM »
Non-sequitur?
For those saying they only managed to get in 1 IP.
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Online mmgfarb

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #27 on: January 11, 2017, 06:44:24 PM »
For those saying they only managed to get in 1 IP.
5/24
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Offline AJK

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #28 on: January 11, 2017, 06:46:01 PM »
For those saying they only managed to get in 1 IP.

He's saying he couldn't even get an IP, so IC, too, is out of reach, for presumably the same reason.
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Offline yitzgar

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Re: Amazon launching new 5℅ back card for Amazon purchases
« Reply #29 on: January 11, 2017, 08:48:34 PM »
Your inability to get an IP is solely on you... or your lack of a legitimate (sounding) business.

Even so, your last line undercuts your point and supports mine.
What about 5/24 :(
Can still get IC