Bye bye Amazon Payments for credit card minimum spend and cashing out gift cards. I just received the annual notice email from Amazon Payments, which says that person to person payments will cease as of October 13, 2014, emphasis mine:
“Additionally, we have updated the terms and conditions of our User Agreement (https://payments.amazon.com/help/Personal-Accounts/User-Agreement-Policies/User-Agreement) that apply to your use of the products and services provided by Amazon Payments. Our updated User Agreement revises certain terms (including, among other things, the elimination of person-to-person payments). Our new User Agreement will become effective on October 13, 2014, which is more than 30 days from when we first posted our updated User Agreement. By continuing to use our services after October 13, 2014, you are agreeing to be bound by the terms and conditions of our new User Agreement.”
Amazon Payments has allowed registered users to send up to $1000 per month, funded by a credit card, to another person. This has been useful to me and many others for helping to meet high credit card minimum spend requirements, such as the $10,000 spend for the recent (now expired) 100K Citi Executive AAdvantage cards.
If you're a registered Amazon Payments user, don't forget to send $1000 in September and another $1000 in October, before October 13. After that date, consider these tips to meet minimum spend on credit cards. If you exhaust all of these, it may be worth paying a convenience fee if you're running short on time to meet a minimum spend requirement. Check the fees charged for paying your rent/maintenance, tuition payments, etc. to see which large expenses charge the smallest fee for using a credit card.
Will you miss Amazon Payments for person to person payments to help meet credit card minimum spend?
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