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For me, the credit card points more than outweigh the cost of Prime. However, as soon as I heard the writing was on the wall with streaming video, the diminishi
by westcort 3y ago
For me, the credit card points more than outweigh the cost of Prime. However, as soon as I heard the writing was on the wall with streaming video, the diminishing willingness of companies to pay for advertisements, inflation, and the dopamine-driven hunt for new content, I switched to physical media.
- klipklop 3y agoNote you have to spend $7,000/yr to break even on the additional CC points considering the price of Prime. I have spent way, way under that the last few years. With the addition of ads to their streaming service, I am out. They don’t offer enough to be worth it anymore.
- hellisothers 3y agoWith an Amazon card at 5% on Amazon purchases (up to $120k) all you need to spend is < $4000/year and it breaks even. There are reasons that make sense to stop using prime, but not for the money, it’s still a steal.
- subhro 3y agoI dont think you are quite right. To the best of my knowledge, you get 3% back on the Amazon branded cards. If you have prime, then you get 2 more percentage to a total of 5%. So to make up for the difference of $139, the price of prime in terms of cash back, you have to spend $6950 (or ~7000 as the OP said) to break even. Now if you have Discover or Chase Freedom, they run the 5% quarterly bonus (for the first $1500 spent on the bonus category) at least once a year, so your break even point is even more than what I mentioned earlier (closer to $10K).