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

13

Update 12/4/21: These offers have been extended, but with a variety of expiry dates:

  • Whole Foods – 1/9/22
  • Coffee Shops – 1/9/22
  • Amazon – 1/9/22
  • Costco – 1/9/22
  • Best Buy – 1/9/22
  • Trader Joe’s – 1/16/22

Update 9/26/21: The Best Buy, Amazon, Costco, Trader Joe’s and Whole Foods offers that were due to expire on October 31, 2021 have been extended through December 5, 2021.

Update 9/26/21: The offers that were due to expire on September 19, 2021 have been extended through October 31, 2021.

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.

~

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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13 Comments
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Aaron

In practice do Amazon reloads earn 5x?

Aaron

You mean buying physical Amazon gift cards direct from Amazon?

Holly

The Point debit card does offer rental car coverage…not sure if that includes Mopeds

DaninMCI

Amex has a targeted promo for 5x at Amazon up to $1500 right now.

Spud

Is there a hard credit pull if you get this card?

Rdover1

They didn’t put a lot of thought in to this promotion. Costco only takes Visa as a credit card. If you pay as debit their swipe fees are virtually nothing.

mojo

You can pay with other cards besides Visa when you purchase via Costco.com

Frank

You also can buy a Costco GC from costco.com using any card.

James

Not true. You cannot use Amex.