Last call for free spend with Amazon Payments

10

Amazon Payments has long been the best way to increase credit card spend, for free.  The trick was to use Amazon Payments to pay friends up to $1000 per month, with a credit card.  And, to get your money back, you would have your friends pay you the same way.  Unfortunately, as of October 13th, Amazon will no longer allow person to person payments.

amazon_payments

Goodbye Amazon Payments lady. I felt I knew you well. You always seemed so happy sending money to friends while sitting in coach. You’ll be missed.

So, now that its October, its time to get in that last bit of free manufactured spend before its too late.

Tip: Liquidate gift cards

Amazon Payments can be used to liquidate Amex, Visa, and MasterCard gift cards, but you need to be careful when adding the gift card to your account.  When you first add the card to your account, enter in the wrong expiration date.  Then, after the card is in your account, change to the correct expiration date.  The reason for this convoluted approach is that Amazon will try to put a $1 authorization on your card when you first add it in.  If this happens, you won’t be able to liquidate the entire card.  By putting in the wrong expiration date first, this won’t happen.

Tip: Get 5% Discover Cash Back

This quarter, Discover is offering 5% cash back for online shopping and department store purchases.  In the past, Amazon Payments has qualified for the online shopping bonus!

Tip: Do not expect to get a credit card Amazon.com bonus

The Chase Freedom card offers 5X this quarter at Amazon.com, Zappos, and select department stores.  Even though the Amazon Payments service is provided by Amazon.com, credit card charges do not usually get bonuses the same way.  Do not expect to get 5X from the Freedom card.  Also, do not expect to get a bonus from any card that offers Amazon.com and/or bookstore bonuses.

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