{"id":1068,"date":"2022-10-26T06:57:38","date_gmt":"2022-10-26T06:57:38","guid":{"rendered":"https:\/\/curiouscustomer.com\/?p=1068"},"modified":"2022-10-26T06:57:38","modified_gmt":"2022-10-26T06:57:38","slug":"can-you-use-amazon-gift-card-to-pay-amazon-credit-card","status":"publish","type":"post","link":"https:\/\/curiouscustomer.com\/can-you-use-amazon-gift-card-to-pay-amazon-credit-card\/","title":{"rendered":"Can You Use Amazon Gift Card To Pay Amazon Credit Card?"},"content":{"rendered":"\n

Amazon gift cards are reloadable, prepaid cards purchased from the Amazon website or participating retailers<\/a>. The cards allow users to buy goods on Amazon<\/a> or pay for Amazon services, such as Prime. Sometimes, people receive Amazon gift cards as presents and want to use them for other services, such as paying a credit balance \u2014 but is it even possible to use an Amazon gift card to pay an Amazon credit card?<\/p>\n\n\n\n

You cannot use an Amazon gift card to pay an Amazon credit card. Payments to an Amazon credit card balance require a valid bank account. Gift cards aren\u2019t linked to bank accounts, cost card issuers money to process, and could result in users racking up rewards with no benefit to the credit card company.<\/strong><\/p>\n\n\n\n

In this article, we\u2019ll discuss using an Amazon gift card to pay an Amazon credit card balance, why you can\u2019t do it, and what you have to do instead. Read on to learn more.<\/p>\n\n\n\n

Does Amazon Accept Gift Cards to Pay a Credit Card Balance?<\/h2>\n\n\n\n

Amazon does not <\/em>accept gift cards as <\/strong>payment methods<\/strong><\/a> for Amazon credit cards. <\/strong>Gift cards are limited to transactions on the Amazon website for goods or limited Amazon services, including Prime. The only way to pay an Amazon credit card balance is by linking a valid bank account.<\/strong><\/p>\n\n\n\n

Why Can\u2019t You Use Gift Cards to Pay an Amazon Credit Card Balance?<\/h3>\n\n\n\n

Prepaid cards, including Amazon gift cards, aren\u2019t linked to bank accounts. Once the balance reaches zero, no funds are available until the user reloads the card. Credit card issuers would have no payment security if they allowed people to use a gift card as a payment method.<\/strong><\/p>\n\n\n\n

Not only that, but credit cards, debit cards, and gift cards are all swipe transactions, meaning they\u2019re subject to interchange fees. Interchange fees require credit card companies to cover all costs associated with the processing and authorization of financial transactions. <\/strong><\/p>\n\n\n\n

This greatly cuts into the card issuer\u2019s profits. To avoid covering these costs, the banks only accept valid bank accounts so they can draw the money directly.<\/p>\n\n\n\n

Additionally, if Amazon did <\/em>allow people to pay their Amazon credit card balance<\/a> with a gift card, people could easily take advantage of this. Customers could purchase as many gift cards as they wished, then use the funds on the card to pay their credit card payment. <\/p>\n\n\n\n

Over time, they\u2019d rack up loads of rewards on their Amazon credit card account. However, Synchrony wouldn\u2019t receive any benefits at all, making the relationship completely one-sided.<\/strong><\/p>\n\n\n\n

Payment Methods for Amazon Credit Cards<\/h2>\n\n\n\n

The only accepted payment method for Amazon credit cards as of 2022 is a valid bank account. This allows Synchrony to avoid interchange fees and lets users make payments and set up automatic payments with ease.<\/p>\n\n\n\n

Fortunately, adding a bank account as a payment method for an Amazon credit card is easy and straightforward<\/strong>. Here\u2019s how:<\/p>\n\n\n\n

  1. Log into your Amazon account with your phone or web browser.<\/li>
  2. Hover or click the dropdown menu under your name.<\/li>
  3. Select Amazon Credit Cards<\/strong>.<\/li>
  4. Tap Manage at Synchrony<\/strong>.<\/li>
  5. Wait until the site transfers you to the Synchrony login page.<\/li>
  6. Enter your Amazon credit card login credentials at Synchrony.<\/li>
  7. Click Make a Payment<\/strong>.<\/li>
  8. Hover over the Payments<\/strong> tab.<\/li>
  9. Select Manage Payment Methods<\/strong>.<\/li>
  10. Tap Add Another Payment Method<\/strong>.<\/li>
  11. Enter your bank\u2019s routing number and checking account number.<\/li>
  12. Click Save<\/strong>.<\/li><\/ol>\n\n\n\n

    If you\u2019d rather speak to a Synchrony representative to add your bank account information, you can contact Synchrony by phone by dialing 1-866-419-4096<\/strong>. Listen to the prompts and follow the instructions to speak with a representative regarding your Amazon credit card account. Provide all necessary information to set up a bank account as a payment method.<\/p>\n\n\n\n

    Can You Transfer Amazon Gift Card Funds to a Bank Account?<\/h2>\n\n\n\n

    You can\u2019t transfer Amazon gift card funds to a bank account \u2014 at least not directly. <\/strong><\/p>\n\n\n\n

    Amazon doesn\u2019t allow customers to receive cash refunds<\/strong><\/a> for the cards, so we have to explore other methods. As of 2022, the only way to get Amazon gift card funds into a bank account is by selling the gift card or by purchasing goods with the card and selling those goods for cash. Then, you\u2019d have to deposit any acquired funds into your bank account.<\/p>\n\n\n\n

    These methods require multiple steps and are not quick or easy. Fortunately for you, I’ve written a detailed guide with workarounds on how to convert Amazon Gift Card funds to cash in your account<\/a><\/strong>! Make sure you check out my other article!<\/p>\n\n\n\n

    For your convenience, I’m covering a few ways below to convert your Amazon gift card balance into money.<\/p>\n\n\n\n

    Sell the Amazon Gift Card in Person<\/h3>\n\n\n\n

    If you know someone who frequently shops on Amazon, get in touch with them. Inquire as to whether they\u2019d be interested in purchasing an Amazon gift card. You can make the deal sweeter by offering the card at a discount. Most people have success selling gift cards at 70 to 90 percent of their value<\/strong>.<\/p>\n\n\n\n

    Once you successfully sell the card and receive the cash, you can deposit it into your bank account and use the funds to make a payment toward your Amazon credit card balance.<\/p>\n\n\n\n

    Sell the Amazon Gift Card Online<\/h3>\n\n\n\n

    The internet is full of online gift card resellers, including GiftCards.com and Raise. These companies purchase gift cards in exchange for cash.<\/strong> Most users receive an average of 65 percent of the card\u2019s value. The major downside is that these companies often require users to mail in physical gift cards before processing payments.<\/p>\n\n\n\n

    To get more out of your Amazon gift card, try Reddit. Subreddits such as <\/strong>r\/giftcardexchange<\/strong><\/a> allow users to swap or sell gift cards, usually at a discount. <\/strong>Amazon gift cards usually receive between 80 to 90 percent of the card\u2019s value, though users can negotiate and agree on a payment method before committing to the transaction.<\/p>\n\n\n\n

    After receiving payment, you can transfer funds to your bank account. From there, you can use the money to pay your Amazon credit card.<\/p>\n\n\n\n

    Buy Needed Items on Amazon and Keep The Cash<\/h3>\n\n\n\n

    If you intend to purchase items within the next week or so, consider using the Amazon gift card to purchase those items and keep the cash equivalent in your bank account to put towards your Amazon credit card balance.<\/p>\n\n\n\n

    Some items to consider purchasing from Amazon include:<\/p>\n\n\n\n