(Update: Offer Extended) 5x (5%) payouts via Point: Amazon, Costco, Trader Joe’s, Coffee Shops, and more

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Update 8/25/21: The offers that were due to expire on August 22, 2021 have been extended through September 19, 2021.

Update 8/7/21: The offers that were due to expire on August 8, 2021 have been extended through August 22, 2021.

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The Point Debit Card is out with some increased payouts today, including 5x points (equivalent to 5% back) at Amazon, Costco, Trader Joe’s, Coffee Shops, and more. I also saw 10x on Revel Mopeds, though a debit card likely isn’t your best choice for a rental.

Point app debit card

The Deal

  • The Point Debit Card is offering some nice increased payouts, including:
    • 5x Amazon through 11:59pm PDT August 8, 2021 (max of 5K points)
    • 5X Best Buy through 11:59pm PDT August 8, 2021. Valid in-store and online. Excludes physical and electronic gift cards. (Max of 5,000 points)
    • 5x Coffee Shops including Starbucks, Peet’s, Dunkin’, La Colombe, etc through August 8, 2021. Not valid through third-party retailers, websites, or mobile applications. (max of 2.5K points)
    • 5X Costco through 11:59pm PDT August 8, 2021. Valid in-store and online. Excludes physical and electronic gift cards. (Max of 2,500 points)
    • 5X Etsy through 11:59pm PDT August 8, 2021. Excludes physical and electronic gift cards. (Max of 5,000 points)
    • 10x Revel Mopeds via the Rebel Mopeds app through 11:59pm PDT October 1, 2021
    • 5X Trader Joe’s through 11:59pm PDT August 8, 2021. Valid in-store. Excludes physical and electronic gift cards. (Max of 2,500 points)
    • 5x Whole Foods through 11:59pm PDT August 8, 2021 (max of 5K points)
  • Note that points are worth $0.01 each, so these returns are like 5%-10% back.

New to the Point Debit Card?

Key Terms

  • See individual stores for full terms
  • Points will be credited within 30 days after charges appear on your Point billing statement

Quick Thoughts

These are nice increased rates, but note the caps and terms for individual retailers. In most cases, you can earn 5% back up on up $500 or $1,000 in purchases, so that’s a great return for most uses. Few credit cards can beat that return at places like Amazon, Costco, Best Buy, and Etsy.

I can’t imagine that Point can continue to run offers like these forever, so take advantage while you have the opportunity.

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