We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. We appreciate you using our links!!!
Until Midnight tonight, PST, Rakuten is offering 14% Cashback or, as we prefer, 14x Amex Membership Rewards when you use their portal to purchase goods at over 150+ stores. Rakuten has become an integral part of our point accumulation strategy since it’s Amex partnership.
If you are unaware, Rakuten ( formerly Ebates ) partnered with American Express and gave its members the option to earn Amex Membership Rewards in lieu of Cashback. The rate: 1% = 1 Membership Reward. Read this article if you want to learn more.
Personally, I find this to be a far more attractive option since I value Membership Rewards anywhere between 1.5 and 2 cents. This current promo means you could earn an effective 21/ 28% back in the form of points.
You can earn $10 cashback when you spend $25+ by using our link
14x or 14%
A lot of great retailers, but if you’re a contact wearer like myself…14x is pretty great at 1800 contacts. Obviously, cross-reference this on price and other portals ( Cashbackmonitor is my go-t0) but a year’s worth of contacts for me regularly run $500-600. That’s a quick 7-8k points.
How quickly do the points populate your account?
Once a quarter Rakuten will send the points over to your Amex account. Feb 15th, May 15th, and so and so forth.
If I were to earn 16.3k every quarter for the year I’d earn over 65k points. Throw over another 5k and that’s a one way Lufthansa First Class flight when using Aeroplan ( 70k ). Not a bad haul!
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike because it earns unlimited 1.5x Ultimate Rewards with no annual fee.
♥ Earn 20k Bonus Points or $200 after $500 Spend in 3 months
♥5x on travel purchased via Chase Travel
♥3x on dining and drugstores
♥1.5x on all purchases, unlimited