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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 3-5x on select categories + Enjoy 5x on groceries up to $12k a year + $200/20k welcome bonus and no annual fee!
♥ Earn 20k Bonus Points or $200 after $500 Spend in 3 months
♥5x on travel booked with Chase Travel, 5x on rotating quarterly categories ( capped at $1500 per quarter )
♥5x on grocery stores, up to $12k ( no Target/WalMart) on your first 12 months of cardmembership
♥3x on all dining and qualifying delivery apps
♥0% interest on new purchases for 15 months