How to Pay for Your Amazon Purchases with Capital One Rewards

Applying your Capital One rewards to your next Amazon order is just a few clicks away.
Last updated Feb 10, 2020 | By Jennifer Calonia
Smiling woman using smartphone

FinanceBuzz is reader-supported. We may receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

Whether you use Amazon for discounted, one-off purchases or are a devout Prime member with monthly Subscribe & Save deliveries, there’s no doubt that Amazon is always looking for ways to make shopping more convenient. One way it’s done this, recently, is by adding Capital One Rewards to its Shop with Points checkout option.

Redeeming your credit card rewards for online purchases typically isn’t the best way to maximize your rewards value. However, if you need to use your Capital One rewards quickly or just prefer to make purchases without using cash, Amazon’s Shop with Points might be right for you. Here’s what to know before paying for your next Amazon order using Capital One rewards.

Jump To

How to use Capital One rewards for Amazon purchases

Amazon’s Shop with Points feature allows you to apply your Capital One rewards points or miles toward your Amazon cart. If you already have an Amazon account, linking it with your Capital One rewards is simple:

  1. Go to Amazon’s Capital One rewards page and click on “Enroll my card now.”
  2. Log into your Amazon.com account, if you aren’t already.
  3. Click on “Enroll a new rewards card.”
  4. A pop-up box will appear asking for your rewards card information. Enter the name on the card, the credit card number, and expiration date.
  5. Click “Add your card.”

You’ll receive an email confirmation once you’ve completed the steps. Adding this payment option also lets you automatically pay at checkout using Capital One rewards.

To activate Shop with Points as your default payment method, follow these steps:

  1. Log into your Amazon account and go to “My Account”
  2. Select “Shop with Points” to manage your preferences
  3. Click on the toggle under “Use rewards first” to make this your default option.

If you want to be able to manually select your payment method at checkout for future transactions, simply go through these steps and toggle this option off.

When you’re ready to pay for the items in your Amazon cart, select the Capital One rewards card you’d like to use. Then, you can decide to pay for your entire order with points or apply a different number of points to the order and pay the remaining balance on your Capital One card. Your rewards will be deducted as soon as you confirm your Amazon order.

Ineligible Amazon purchases using Capital One rewards

Although you can choose to use your Capital One rewards to purchase hundreds of thousands of products on Amazon’s platform, there are some restrictions on what you can buy. The following items are ineligible for Shop with Points at this time:

  • 1-Click payment orders
  • Amazon Prime Videos
  • Amazon Appstore Apps
  • Amazon Fresh
  • Cell phones with service
  • Digital music
  • Kindle downloads
  • Prime membership (excludes Hilton Honors) and Prime add-on memberships
  • Subscribe & Save items (i.e. your subscription toilet paper)
  • Textbook rentals

Which Capital One cards are eligible for Shop with Points on Amazon?

You can use Shop with Points if you carry a Capital One rewards credit card that’s eligible for the program. Both cashback and miles cards can be linked to Amazon’s Shop with Points.

Here’s a list of eligible cards:

What value can you expect?

When using your Capital One cashback rewards to pay for your Amazon purchases, your points are valued at a 1:1 redemption. This means that $50 in Capital One cashback rewards can be redeemed with the online retailer for a $50 purchase.

This redemption is valuable given that the redemption value on shopping and merchandise tends to be lower compared to other redemption options. For example, 100 Chase Ultimate Rewards points are only worth $0.80, instead of a full dollar (i.e. $0.008 cents per point) using Amazon’s Shop with Points. Chase cardholders would get more value from a different redemption, such as travel booked with points through the Ultimate Rewards portal.

If you’re using a Capital One travel rewards credit card, the redemption rate for each mile is $0.08 cents. You’ll need to use 125 miles for every dollar you spend on your Amazon order to cover it entirely with miles.

It’s not as lucrative of a redemption rate since it costs you more miles to cover one dollar spent on Amazon. At the very least, however, the redemption rate for Capital One miles on merchandise holds a pretty standard value — not below standard — compared to competitors, like Chase.

The final word on Capital One points for Amazon purchases

Capital One customers essentially have another way to pay for goods on Amazon. The equal redemption rate may make the convenience of using your rewards through Amazon worthwhile compared to other cards that offer a lower redemption rate for online purchases. Keep in mind, however, that you won’t earn cash back on your Amazon purchase when using rewards as payment.

Since Capital One travel rewards cardholders face a reduced redemption value for rewards miles — and they never expire as long as the account is active — you may want to consider holding onto your miles until your next trip.

Incredibly Flexible Rewards

Benefits

  • 50,000 bonus mile welcome offer
  • 2X miles on every purchase, every day
  • Up to $100 Global Entry or TSA PreCheck fee credit
  • No foreign transaction fees