Showing posts with label Amazon Payments. Show all posts
Showing posts with label Amazon Payments. Show all posts

October 11, 2014

The End of Amazon Payments

Amazon Payments is officially dead for my household.  I processed the final $2,000 roundtrip this morning.

For those of you that haven't done so, you still have 2 more days to manufacture $1,000 per person this month.

Amazon Payments is/was one of the easiest wasps to manufacture spend.  Over the last couple of years, we've generated over 50,000 points and miles while on our way to many more as this technique helped both of us achieve minimum spend requirements for our favorite credit cards.

Certainly an end of an era.

September 11, 2014

Amazon Payments is Dead

Bad news in the miles and points world this week.  The manufactured spend technique known as Amazon Payments will no longer be available for P2P (Person-to-Person) payments effective October 13th.  So you'll have one more opportunity to send and receive $1,000 in October.

For the past couple of years, I've been leveraging Amazon Payments to charge $2,000 (half on my card, half on Emily's) each month on various credit cards.  This has helped us to meet minimum spend requirements with ease.

It makes sense that Amazon is shifting away from this "product" given their renewed focus on providing payment services to actual merchants.  This is certainly a bummer but there are still plenty of other ways to manufacture spend and earn free (or very low cost) miles and points.

January 28, 2014

Meeting Minimum Spend Thresholds with Amazon Payments

Over the last week, I posted a few times on my latest round of credit card applications here, here, and here.  One of the common questions around periodically signing up for credit cards centers around the minimum spend thresholds (i.e. spend $3,000 in 90 days to get xyz).  At first, I had no idea how some people would obtain five new credit cards requiring them to spend $15,000 in 3 months.  Were they actually spending $5,000 per month or were they figuring out other ways to meet the threshold?

One trick I've learned over the last year is leveraging Amazon Payments.  Amazon has a payments service where they will allow you to send up to $1,000 in a calendar month to another person with their own (Amazon) account...on a credit card...for free.  So on the first of each month I send $1,000 to Emily and she sends $1,000 to me.  This process takes us about five minutes per month.