Retail

Amazon Offers 2-Hour Shipping as Holidays End

Thinkstock

Amazon.com Inc. (NASDAQ: AMZN) wants to get one last slug of revenue before the holiday clock hits midnight on its way into Christmas. Its logistics systems make it possible for Amazon to do something other retailers can’t do. Amazon offers two-hour delivery until midnight.

The opportunity is only available to people who are members of Amazon Prime, and it includes $10 off some of the items shipped and several other discounts. The two-hour delivery service presses Amazon’s own products, like Fire tablets, and pushes them hard. They are among the most visible products for the Prime Now promotion

The program is a clever way to get desperate shoppers to sign up for Prime. It costs $9.99 a month, for which members get a combination of streaming video, photo storage, a music service and free two-day shipping. Outside analysts believe Prime members are much more likely to shop at Amazon regularly, and they are more likely to shop at Amazon than at other e-commerce sites. It is one of the most famous and widely regarded customer loyalty programs in the world.

Much of the Prime Now service is for local restaurant and grocery store delivery. And the number of items available otherwise is highly limited:

Prime Now offers 25,000+ items across 25 categories, including household items, groceries, electronics, gifts, seasonal items, and more. Plus, get restaurant and local store delivery in select cities.

The service is also available in a very limited number of ZIP codes, all in and around big cities.

Prime Now is indeed for the desperate. Some people may pay well beyond their gift budgets when they have forgotten to buy a gift or have procrastinated too long. At that point, shoppers have two options. One is the brave malls and stores at 7 p.m. or 8 p.m. and hope to find something on the shelves. This gives an advantage to retailers like Wal-Mart. The other is to join Prime and stay at home.

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

 

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.