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News: Capital One Rewards Will Be Redeemable on Amazon - Credit-Land.com

Cardholders of some Capital One rewards credit cards will be able to redeem rewards via Amazon.com.

Capital One is adding one more redemption option to select credit cards. Cardholders will soon be able to use Shop with Points to redeem cash back and miles when shopping at Amazon.com. Thus, Capital One will join American Express, Chase, Citi and Discover who already provide the convenient Shop with Points option to their cardholders.

Cardholders of these cards will be able to use rewards to cover an Amazon order partially or in full. For cash back credit cards, the redemption will be a dollar in rewards for a dollar in Amazon. Miles rewards credit cards will offer to redeem 125 miles for a dollar on Amazon.

The launch date hasn't been specified yet, but it is expected to become available in the coming weeks. Once the new redemption option is added, the enrollment in Shop with Points will be automatic for all eligible Capital One cards that are already in the user's Amazon account and for all newly added eligible Capital One rewards credit cards. Consumers can opt out of Shop with Points anytime.