lucky penny
Full time employment: Posting here.
- Joined
- Jan 23, 2010
- Messages
- 735
Suppose you have earned $100 in rewards. Your friend has also earned the same amount. You both find a $100 item you want to purchase. You use your rewards to buy the item. You have the item and no rewards. Your friend buys the item w/ the AMZN Chase card. She gets $5 in rewards.
The $100 in existing rewards can be used as a statement credit so no cash needs to be paid on the AMZN Chase bill (or she can get $100 in cash and use that to replenish the bank acct used to pay the bill). In either case, she is $5 in rewards ahead of you.
Thanks! After reading the earlier posts, I didn't quite get it but this explanation made it clear to me.