How I Use the Amazon Prime Visa to Win Black Friday and Cyber Monday
My strategy for giving gifts is to plan and shift to smart ways of spending and saving during the holidays. I use my Amazon Premium visa I can stretch myself a little when shopping for Black Friday and Cyber ​​Monday deals.
By doing some advance planning and using these strategic tips, my family was able to reap the benefits (and rewards) of Prime Visa without overspending.
How I used Prime Visa to maximize vacation savings (and avoid debt)
I would not use any credit card to spend more than we can afford to make sure we always have money in our bank account to pay our bills when they are due. Making the most of how we spend is also a smart financial move that can help us save money on holiday celebrations.
Step 1: Create a list and budget early
We start deciding early on how to spend our vacation money. There are three reasons for this.
First is making sure any big-ticket items like electronics or expensive toys are on my shopping list Amazon Black Friday Deals. Second, I can draft a budget that spans the entire season. Finally, shopping early means I can save Choose a slower shipping option Has better built-in rewards.
Step 2: Start a Holiday Sinking Fund (Yes, Even Now)
Consumers expect to spend on average $902 this year holiday gifts, decorations and food, according to the National Retail Federation. Making this dough took some planning, so at the end of the summer I set out on vacation sinking funddeposit an additional $250 per month into our savings buffer our Christmas spending.
While you may be a little late, there is still time each week to set aside money for gifts and holiday travel. Even an extra $25 a week can help you save $100 before the new year — and when you’re trying to save, every dollar helps Avoid holiday debt. If we’re a little tight I’d consider doing some extra work or sideline Finding some wiggle room in our family’s budget.
Step 3: Write everything on the card
mine Premium visa Overall, people are taking a lot of action, especially as the holidays approach. To start racking up points, I started using my card for every purchase on Midsummer, including my monthly utility, gas and groceries bills. This allows me to rack up extra Amazon Rewards points to purchase hot toys or trendy gifts.
Even if you don’t have a ton of rewards this year, you can start earning Amazon Rewards points on your Black Friday shopping this year to save for next year.
Tips for earning holiday rewards with Prime Visa
Although you do need to pay some extra fees to be Premium Member ($15/month or $139/year), membership comes with many benefits in addition to free shipping on the Amazon platform. Here are a few ways you can take advantage of Amazon’s rewards tailored specifically for Prime Visa cardholders.
Take advantage of new cardholder bonuses
you will get a $200 Amazon Gift Card Immediately upon approval. This is essentially extra cash in your pocket.
Shop on Amazon, Amazon Fresh or Whole Foods Market
If you’re a frequent shopper at Amazon or Whole Foods, the Prime Visa is a no-brainer because of the points it gives you. You’ll find them on Amazon.com, Amazon Fresh, and Whole Foods Market, as well as Chase Travel Purchase. Additionally, you can get up to 10% off on Amazon purchases on select products or shipping options.
Recommend a friend
If you already have a Prime Visa and don’t qualify for the new cardholder bonus, don’t despair. you can still get $50 Amazon Gift Card For each person you refer to get an Amazon Visa or Prime Visa, up to 10 people or $500 per year.
Use it in place of other cards
In addition to earning points at Amazon and Whole Foods, you can earn 2% back by using the Amazon Prime Visa at a variety of locations, including restaurants and gas stations as well as local transportation and commuting (including ridesharing). You’ll still earn 1% back on other purchases that don’t fall into these categories when you use the card.
Yes, other Cards can earn more rewardsbut I’ve found the Prime Visa to be an easy way to earn points that I use exclusively for holiday shopping.
Can you save for a vacation? it depends.
My strategy of relying on credit cards to pay for Christmas works because I live within my means. If getting a Prime Visa tempts you to shop until you give up, don’t give in to temptation Set strict limits And prepare a holiday shopping list.
The key to my strategy is to stick to your budget and not be tempted to buy something just because it’s on sale. Like Santa: Make a list and stick to it.
