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How to maximize your cash back on Amazon.com

With Prime Day approaching, use these tips to save even more during the event and beyond

Summary

By using the right credit card, stacking up on coupons and discounts and using some handy tools to find the right price, you can really make your savings on Amazon add up.

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If you are a fan of Amazon.com, you may already find your time spent searching for deals on the world’s largest online retailer rewarding – as in, enjoyable. But we’d like to show you how shopping on Amazon can reward you in another way: with cash back and cost savings.

By using the right credit card, stacking up on coupons and discounts and using some handy tools to find the right price, you can really make your savings on Amazon add up. We’ll show you how in five steps:

Step 1. Get a cash back credit card (Savings = 1% to 10%)

Amazon.com accepts just about any credit card you can think of, and there is a fair selection of cards that give you cash back on Amazon purchases. However, a few cash back cards stand out from the pack.

The obvious choice is one of the two Amazon Rewards cards. Regular Amazon members can earn 3% cash back on Amazon purchases with the Amazon Rewards Visa, while Amazon Prime Visa Signature members get 5% cash back on Amazon purchases. Amazon makes it easy to redeem those points for future Amazon purchases – simply link your card to your account, and then click the button to use your points at checkout.

Amazon Rewards Visa card

Amazon Rewards Visa

Why get it?

You spend a fair amount on Amazon and don’t want to commit to a $119 Prime membership.

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More things to know:

  • 3% cash back at Amazon and Whole Foods
  • 2% cash back on gas, restaurant and drugstore purchases
  • 1% cash back on other purchases
  • $50 Amazon gift card upon sign-up
  • $0 annual fee

Amazon Prime Visa Signature card

Amazon Prime Visa Signature

Why get it?

You are already a Prime member, you are thinking of joining Prime or you spend $6,000+ on Amazon purchases or $119+ on Amazon shipping per year (in which case, Prime membership is definitely worth it).

Read review

More things to know:

  • 5% cash back at Amazon and Whole Foods
  • 2% cash back on gas, restaurant and drugstore purchases
  • 1% cash back on other purchases
  • $70 Amazon gift card upon sign-up
  • $0 annual fee (requires $119 Prime membership)

It doesn’t seem like it gets better than the Amazon Prime card’s 5% cash back on Amazon purchases. However, you need to keep in mind that the Prime card is only available to Amazon Prime members, and membership costs $119.

Additionally, you can look into the Amazon Store card by Synchrony Bank, which offers 5% back with an eligible Prime membership and 0% financing options. The card also comes with a $10 sign-up bonus. Note, however, that this is a store card, so you won’t be able to use it for purchases outside of Amazon.

Also, there are a few alternative credit cards that offer better than 5% cash back. The Discover it® Cash Back card, for example, offers 5% cash back on up to $1,500 in combined spending on categories that rotate quarterly, upon enrollment, then 1%. The card then matches all the cash back you earn in the first year (only available for new cardholders). Because one of the bonus categories for the fourth quarter of 2020 is Amazon.com, you can essentially earn 10% cash back on Amazon purchases from October through December 2020.

See related: Which is the best card to use on Amazon.com purchases

Step 2. Stack your cash back rewards (Savings = up to 8%)

Along with the automatic discount that you can get by using an Amazon rewards card (or other cash back card), there are several rewards portals that will give you extra cash back (up to 8%) just by clicking through the Amazon link from their portal and completing a purchase.

Amazon rewards portals

SiteAverage rewards rateTotal rewards earnings (+ 5% from Amazon Prime card)
BeFrugalUp to 8% cash backUp to 13%
TopCashbackUp to 8% cash backUp to 13%

These discounts do stack on top of your credit card rewards, meaning you can boost your rewards rate on your Amazon Prime card as high as 13% just by using these sites, with very few strings attached. Once you’ve satisfied the site’s terms, cash back is usually sent to you as a check, PayPal deposit or a gift certificate.

Step 3: Get free shipping (Savings = $2.99-plus per item)

You can save a bundle of cash on Amazon.com by taking advantage of Amazon’s free shipping benefits. Non-Prime members can get free standard shipping simply by loading more than $25 worth of qualified merchandise into their shopping carts.

Prime members are eligible for an array of free shipping benefits, including free two-day shipping on qualified items. Here’s a summary of the benefits for you:

Amazon Prime free shipping (Qualified items only)

ShippingCost
Two-day shippingFree
Same-day deliveryFree for qualifying orders in certain cities
Two-hour deliveryFree in eligible ZIP codes
One-day shippingFree
Saturday shippingPrice varies by item size and weight – as low as $7.99 per item
Amazon Day DeliveryFree
No-rush shippingFree
Standard shipping (4-5 business days)Free
Release-date delivery (on qualifying items)Free

Step 4. Look for deals and discounts on Amazon.com (Savings = 5% to 70% and more)

Some of the best savings on Amazon come from simply knowing how to use the features on the site to your advantage. Here are a few of Amazon’s best cost-saving features:

  • Amazon Prime Day – Prime Day is an annual sales event for Prime members featuring deals on countless items in every department. Shopping on Prime Day, which is happening on Oct. 13 and 14 this year, can bring major savings, but shop strategically. Check price history with a price tracking tool (see below) to make sure you’re indeed getting a good deal. You’re not saving much if that TV you’re eyeing listed at half-price has seen a 60% price increase in the last 30 days.
  • Today’s Deals – Amazon Gold Box deals are limited-time discounts on various merchandise. There are questionable items in the mix, but good deals can be found with discounts of 70% or more. Merchandise is limited and can run out if you don’t move quickly. Amazon Prime members get the first stab at the deals.
  • Amazon Subscribe and Save – Amazon’s subscription service allows you to schedule automatic delivery of items that you frequently purchase (think: paper towels and laundry soap), with no shipping fees. You get a 5% discount just for using the service, and you get an even larger 15% discount on orders of five items or more. Additionally, Prime members are entitled to special deals and discounts, including 20% off diapers.
  • Amazon warehouse and outlet – Amazon.com has its own outlet store that offers deeply discounted items, as well as a warehouse that offers deals on open-box and used products.
  • Amazon coupons – Though Amazon doesn’t accept outside coupons, it does have its own coupons page. You will find a range of discounts – e.g., 50 cents off, 25% off – on a variety of everyday items, such as skin care and pet supplies, and the coupons do stack on top of other Amazon discounts.
  • Matching prices from other vendors – Amazon doesn’t offer price matching outright, but it does include a feedback form on its product detail pages that lets you alert the customer service team when you’ve found a lower price on the same item from another vendor. With some time, patience and a good price tracking tool, you can alert Amazon of the lower price and wait to see if they match it.

Step 5. Use web tools to get the best price

Amazon prices can fluctuate wildly – sometimes by the day. This creates a massive opportunity to maximize your savings simply by making your purchase at the right time, and there are several tools that can help you compare prices and grab that merchandise at the peak moment:

camelcamelcamel is the ultimate Amazon price tracker. As the name suggests, the site allows you to create price watches on specific Amazon items and will place an item’s price history into a handy line chart, so you can track the pricing trends on an item you want to buy. You can also create email and Twitter alerts to help you spring into action the moment the price on an item drops.

Honey is a free browser extension that automatically finds and applies coupons codes at checkout. Though it is configured to work with Amazon, there’s a huge catch – Amazon doesn’t currently offer sitewide codes.

Fortunately, Honey has another useful application for Amazon shoppers: It will search for other sellers with the same item for less (taking into account Amazon Prime shipping benefits as well as shipping delays), and let you know if there’s a better deal elsewhere. On top of that, it tracks price history to help you decide if it’s a good time to buy. Honey also has a rewards program that gives you points toward Amazon gift cards.

The Amazon shopping app lets you manage your account from your mobile phone and save money through features such as push notifications to your phone when a deal on an item in your Watchlist is about to start. One handy feature – the “Scan it” feature – lets you snap a photo of an item or scan its bar code to do a quick price comparison. If you decide that Amazon has the best price, you can click on the item and purchase it from the app in minutes.

Bottom line

With this handful of tricks, you can easily score discounts of 10% or more off of Amazon’s already low prices. Add the right credit card to that, and you’ll be keeping more money in your pocket every time you shop on the website.

See related: Amazon offers Prime members 5% cash back at Whole Foods

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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Credit Card Rate Report
Business
13.91%
Airline
15.53%
Cash Back
15.85%
Reward
15.76%
Student
16.12%

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