Amazon Rewards for Your Chase Card Will Go Down Soon

Chase Ultimate Rewards is one of the most popular credit cards for rewarding points for purchases . Sadly, Chase will be lowering the redemption value of Amazon purchases in September.

In an email to customers, Chase announced:

  • Starting September 1, the $ 1 buyback value will change from 100 points to 125 points.
  • Your points will no longer be deducted when your purchase is shipped; they will be charged at the time you place your order.

In other words, paying for your purchases on Amazon will cost you more points. According to the letter, the changes will not affect other redemption options, including cash back, gift cards, and travel. Your best bet is probably to skip the Amazon redemption option and use your points for something else.


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