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Editor’s note: This is a recurring post, regularly updated with new information and offers.

Whether you’re stocking up on household staples or splurging on a new gadget, there are many ways to save on Amazon orders. This includes a current offer that involves both American Express and Amazon.

Targeted Amex cardholders can save money when redeeming American Express Membership Rewards points to cover at least part of an eligible Amazon purchase. Typically, using Membership Rewards points for Amazon purchases isn’t great, as the return per point is below the rate for travel redemptions.

However, you can save as much as 40% on an Amazon purchase by cashing in as little as 1 Amex point with some current targeted offers.

To get in on this offer, you’ll need a card that earns Membership Rewards points, such as The Platinum Card® from American Express, the American Express® Gold Card or the American Express® Green Card.

The information for the American Express Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Offers available when using Membership Rewards points to pay on Amazon

Not all Amex cardholders will be targeted for Amazon offers, so check your account. For example, at the time of publication, most of us at TPG saw offers to save 15% (up to $15), but at least one reporter saw an offer for savings of 40% (up to $40).

Remember that these are targeted offers, so they will vary. In months past, we’ve seen even better offers for up to 50% off (with savings up to as much as $75). Hopefully, you are targeted for the larger offers.

Click this link to check your eligibility for the promotion.

Only products sold by Amazon are eligible for the discount. Third-party listings won’t trigger any savings, but you may be able to take advantage of this deal by stocking up on dining or retailer gift cards. Gift cards for companies like Whole Foods, Uber Eats and Nordstrom may be eligible.

How to save up to 50% by redeeming 1 Amex point

Here are the steps you should take in order to turn 1 Amex Membership Rewards point into serious Amazon savings:

• Check to see if you have a targeted offer.
• Activate the offer in your Amazon account.
• Load your shopping cart with eligible items sold by Amazon — not by third parties. (Most types of gift cards have counted historically.)
• We do not recommend paying for the entire purchase with points because it may not be the best use of your Membership Rewards points. Instead, use as few points at checkout as possible (as shown below). You’ll need to use an American Express card that earns Membership Rewards points as your payment method.

Assuming everything works, you should see the offer reflected during checkout.

You’ll need to cover the rest of your transaction with an Amex card, though you can also apply an Amazon gift card balance if there’s one attached to your account.

Other offers may be available

You might find similar offers with other rewards programs from time to time. For example, we’ve previously seen offers for 40% off (up to $20 maximum) when using Discover rewards on select Amazon purchases.

Additional past offers allowed targeted customers to use 1 Citi ThankYou Rewards point for up to 50% off, 1 Capital One mile for up to $20 off and 100 Chase Ultimate Rewards points for up to 50% off.

You can sometimes find targeted offers on Amazon product pages underneath the item’s price, so keep your eyes peeled when you’re browsing.

Related reading:

• The best credit cards for Amazon purchases 
• The ultimate guide to saving money with Amex Offers
• Prime Visa card review: A good choice for regular Amazon shoppers
• 11 credit cards that can get you $1,000 or more in first-year value