Rakuten offering 14x at 150+ stores

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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.

Don’t have a Rakuten account? Use our referral 

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!