Working the Chase / Amazon VISA

Right now Amazon has a promotion going that they’ll give you a 5% bonus for gift card purchases with an Amazon VISA card… so that ends up being 8% total (since you normally get 3%).

In fact, you might want to consider Amazon gift cards for routine purchases — particularly when you’re buying from an Amazon merchant…

Why?

Well, the Chase /Amazon VISA give you 3% cash back when you purchase items from Amazon; but only 1% when you purchase elsewhere (including Amazon merchants); so to get around this, buy a gift card for the exact amount you’re amount to spend at a merchant (just go ahead and get to the check out screen asking for payment — you can add a gift card there); then open another browser windows and purchase a gift card (for electronic/email) delivery for the exact amount… then apply the gift card number at the checkout and you’re done.

The first time you send a gift card to an email address you’ll have to re-enter your Amazon VISA credit card number (for security), and it seems like it always takes longer than it should to send the email — alternately you can select the option to print a gift card and simply take the gift card coupon number from that.

The 5% bonus program only lasts until the end of this month, and it’s limited to $2000 purchase / $100 bonus — but even after that expires you can still use the gift card purchase trick to get your 3% on your Amazon VISA.

One caveat — if you return an item, you’re going to get a gift card credit; that’s not a big deal of you’re a frequent Amazon shopper (the check out will always apply gift cards by default).

There is no reason to use a gift card for an Amazon purchase after the 5% bonus program is over (or you max out your bonus).

It’s free money… and doesn’t require much extra work to get it.