Update 12/14/20: More people have been targeted for this offer. My wife’s account wasn’t targeted before, but has received the $10/$40 deal now. h/t Doctor of credit
The Deal
- Amazon is offering at least two versions of a targeted offer for Capital One cardholders:
- Spend $40+ on Amazon & save $10 when redeeming at least 1 Capital One point.
- Spend $80+ on Amazon & save $20 when redeeming at least 1 Capital One point.
- Direct link to activate the offer (our affiliate link).
- Direct link to enroll in Shop With Points (our affiliate link).
- Direct link to gift cards (our affiliate link).
Key Terms
- This is a limited time offer. The promotion will begin on 11/25/2020 and end on the earlier of (a) 11:59pm PT on 3/31/2021, or (b) the time at which 65,000 customers have redeemed the offer. The promotion code will expire concurrently.
- Amazon reserves the right to cancel or modify this offer at any time.
- Offer is available by invitation only, is non-transferable, is not redeemable for cash, and may not be resold.
- This offer is available only to Amazon.com customers with an eligible Capital One rewards card issued in the United States, and who have not previously used Capital One rewards to pay for all or part of a purchase on Amazon.com.
- Offer applies only to the purchase of at least $40 of eligible products on Amazon.com, where Capital One rewards are used for at least a portion of the purchase and the promotion code is applied at checkout. Most items qualify for Shop with Points, but certain items listed here aren’t available for purchase using Shop with Points.
- Promotional credit is applied before taxes and fees.
- Offer only applies to products shipped and sold by Amazon.com. Products sold by third-party sellers or other Amazon entities will not qualify for this offer, even if they are “fulfilled by Amazon.com” or “Prime Eligible”.
- Limit one promotion code per Capital One rewards eligible card and Amazon.com account.
- Offer may not be combined with other offers.
- Shipping charges may apply to discounted promotional items.
- Offer does not apply to purchase of digital content or Amazon Gift Cards.
- Offer discount will be allocated proportionally among all promotional items in your original order. If any of the items in your original order are subsequently returned, your refund will equal the original price of the product, less the proportional amount of the discount. The total discount on the unreturned amount of your original order will then be less than $10.
- If any of the products related to your original order are returned, subject to Amazon’s refund policy, you will receive a refund of the amount charged to your card first, followed by Capital One rewards.
- If your account becomes delinquent, closed, restricted, over the credit line or otherwise not in good standing, you will not be eligible for this offer.
- If you violate any of these terms, the offer will be invalid.
Tips & Ideas
As always with these types of Amazon deals, you only need to redeem 1 Capital One point in order to take advantage of the offer. Unlike with deals where you redeem Membership Rewards, Ultimate Rewards or ThankYou points though, it doesn’t matter as much if you redeem more than 1 Capital One point as their points aren’t worth much more than that, especially if you’re not going to transfer them to airline partners.
If the activation page says you’re not targeted and you already have a Capital One card enrolled in Shop With Points on Amazon, delete the card from your payment methods, add it back on, re-enroll in Shop With Points and try activating the offer again. It might take a few days for the activation link to show up, so check each day until (or if) it does show up.
If you’re planning on buying stuff on Amazon anyway, it’ll likely be easy to take advantage of this offer. If you’re not planning an order though, buying $40 or $80 of gift cards should also trigger the $10 or $20 instant discount.