You’ve heard Samuel L. Jackson extol the virtues of the Capital One Quicksilver Cash Rewards Credit Card in those infamous ads. They include 1.5 percent cash back, no annual fee and a $200 welcome bonus when you spend $500 within the first three months of account opening. But the Quicksilver Cash Rewards card has another feature that isn’t as well known but could be valuable: The ability to use rewards at Amazon.
Amazon’s Shop with Points feature lets you redeem Capital One rewards toward purchases at check-out. With the holiday shopping season in full swing, many consumers are exploring ways to save on gifts and essential purchases. After all, this is the time of year when we tend to put the biggest dent on our wallets. The rewards from the Capital One Quicksilver card can make that dent a little smaller.
So, what is Shop with Points, and how can you leverage your Capital One Quicksilver card’s rewards to save on Amazon purchases? Here’s a look at everything you need to know about the partnership.
How to use Capital One Quicksilver rewards on Amazon
Using your rewards from the Capital One Quicksilver Cash Rewards card on Amazon is fairly straightforward. Once you follow the steps to enroll your credit card in Shop with Points, you can choose to automatically apply your rewards to every Amazon purchase. Here’s a step-by-step guide to redeeming Capital One Quicksilver rewards on Amazon:
- Log in to your Amazon account and enroll your card.
- On the set-up page, you’ll have the option to select whether you want your Capital One rewards automatically applied as payment for Amazon purchases. This can be convenient if you anticipate you’ll use your Capital One rewards for Amazon purchases often.
- Add an eligible item to your cart. When you’re ready to check out, select your Capital One Quicksilver card from the list of payment options.
- Select the checkbox titled “Use Capital One Rewards.” The amount of rewards available will be listed. If you’re using a Capital One credit card that earns points rather than cash back, you will see the total number of your points along with the corresponding cash value for Amazon purchases.
- Check out as usual and enjoy having one less item to pay for out of pocket!
How much are Capital One rewards worth when you redeem for Amazon purchases?
The cash back earned on your Capital One Quicksilver Cash Rewards Credit Card is worth exactly the same amount for Amazon purchases. So if you have $20 in cash back saved up, you can apply that towards $20 in eligible Amazon purchases. You might be wondering what the benefit is of using your rewards through Shop with Points. After all, your cash back value doesn’t increase when you redeem it through this option. The benefit is really convenience.
Rather than charging an item to your Quicksilver card and then requesting a statement credit, you can apply your cash back directly to your Amazon purchase. This is especially convenient for those who shop at Amazon frequently and like keeping a low credit card balance.
Do you earn points for shopping on Amazon?
You will earn 1.5 percent cash back when using your Capital One Quicksilver Cash Rewards Credit Card for Amazon purchases. However, you won’t earn points when you redeem rewards through Shop with Points. That’s because you’re not charging the amount to your credit card—Capital One is letting you redeem rewards for those purchases rather than charging your card.
What purchases are eligible for Capital One Shop with Points?
Most Amazon purchases are eligible for Shop with Points redemptions through Capital One. However, there are a few restricted categories you should be aware of that are not eligible:
- Amazon Appstore apps
- Amazon Fresh and Whole Foods Market
- Amazon Kindle eBooks
- Cellphones with service
- Digital music
- Digital Downloads (e.g., Apple Care)
- Items ordered through Buy Now or 1-Click
- Prime memberships (Hilton Honors)
- Prime Video titles
- Subscribe & Save items
- Textbook rentals
Other Capital One cards that are eligible for Amazon Shop with Points
Capital One’s partnership with Amazon Shop with Points extends beyond the Capital One Quicksilver Cash Rewards Credit Card. There are plenty of other Capital One credit card rewards you can use at Amazon, including Capital One Venture Rewards Credit Card, Capital One Savor Cash Rewards Credit Card and Capital One Spark Miles for Business.
The bottom line
The Capital One Quicksilver Cash Rewards Credit Card is a great choice if you want a no-annual-fee card with a simple earning and redemption structure. Earning 1.5 percent cash back on all purchases is straightforward in a world of rotating bonus categories and spending incentives. The ability to use cash back rewards directly on Amazon purchases adds even more convenience and ease to the card.
With so many consumers shopping at Amazon year-round, it’s a great way to cover those expenses without dipping into your monthly budget. During the holiday shopping season, using your cash back rewards this way can be a great way to keep your credit card spending down. Less spending means a lower credit utilization ratio and a better credit score.