DansDeals will receive compensation if you are approved for a credit card via a link in this post. Terms apply to American Express benefits and offers, visit americanexpress.com to learn more.
Update, 12/24: Don’t forget to use your December credit!
Update, 6/1: I just tried this again for June and despite reports from comments below, it still works just fine. Keep in mind that:
- The gifting account should not have any gift card balance, as that will be used before the credit card. If your household account does have a gift card balance you can transfer that balance to your primary account via the same eBook gift method or Kindle Unlimited method below or you can use another Amazon account.
- The gifting account should not have any no-rush credits, as those will be lost in the transfer.
- You can only gift 1 eBook at a time with this method.
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Originally posted on 5/31:
AMEX is offering new and increased statement credits and bonus points on wireless service, Dell, AMEX Travel, streaming services, shipping, supermarkets, and dining/restaurant delivery due to COVID-19.
One perk on the AMEX Consumer Platinum Card is a $20 monthly credit for streaming services through 12/31/20.
AMEX has a full list of valid streaming services:
- Amazon Audible
- Amazon Kindle Unlimited
- Amazon Music Unlimited
- Amazon Prime Video
- Apple Music
- Apple TV+
- AT&T Now
- CBS All Access
- Fubo TV
- HBO Now
- NBA League Pass
- Sling TV
- SiriusXM Streaming and Satellite
- YouTube Music Premium
- YouTube Premium
- YouTube TV
First I tested what I figured would be a sure thing, I bought a 6 month Kindle Unlimited Gift Membership for $47.86+tax. I bought it from from my household Amazon account as a gift for my primary Amazon account.
I clicked to open the gift email on my primary Amazon account and instead of clicking to redeem the gift, I clicked on “Click here to redeem your membership as a gift card:”
The gift card balance on my primary account immediately went up by the price paid, including tax.
The charge posted to my AMEX Platinum card and as expected, $20 was refunded.
I decided to see what would happen if I bought an Amazon Kindle eBook as a gift.
Using my wife’s AMEX Platinum card, I bought The Monuments Men Kindle eBook from my household Amazon account as a gift for my primary Amazon account.
I paid for it using a $1 no-rush credit and $2.15 on the credit card.
I clicked to open the gift email “Get your Kindle book gift now” and login with my primary Amazon account:
Instead of clicking to redeem the gift, I clicked on “Learn how this works or exchange for a gift credit:”
Then I clicked on “Click to request a gift credit from customer service now”
After that it said that the request was processing:
With this option it took a few hours for the the gift card balance on my primary account to go up as it is manually added by a customer service agent. Additionally the no-rush credit was lost in the process, so you’ll want to use an account without credit to buy a gift eBook.
This is also a good way to transfer gift cards between Amazon accounts. If you have a gift card balance, you’ll have to use that or transfer it to another account before you can use a credit card for a Kindle eBook gift.
The $2.15 charge posted to my wife’s AMEX Platinum card and it was refunded as part of the streaming credit.
In other words if you buy $20 of Kindle eBooks as gifts you can convert that to $20 in Amazon gift cards every month until the end of the year, and get refunded for the purchases.
Note that you must purchase one eBook at a time in order to exchange it for a gift card.
For example this eBook is $18.99 and this eBook is $19.99, and will be $0 after the streaming credit, but will be converted into a $19.99 gift card. If there’s tax in your state on eBooks then the gift card will include the price paid for tax, or you can buy a less expensive book if you don’t want to go over $20.
Where have you been using your credits?Amazon offers free shipping with $25+ orders or get free 1 day shipping on all orders with a free trial of Amazon Prime. A prime trial is also free with Amazon Family (which also gets you up to 20% off diapers among other benefits) or Amazon Student. EBT/Medicaid Cardholders can save on Prime Membership here.