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I’ve written extensively about Rakuten and using how using the Rakuten shopping portal is an easy way to rack up serious amounts of Amex points. I’ve earned over 100k Amex Points this year from Rakuten alone. One of the best ways to earns loads of Rakuten points is to refer your friends and family. Well, Rakuten has stepped it up, and is currently offering it’s highest new member bonus AND Rakuten referral bonus. Through the rest of the year, if you use our Rakuten referral, as long as you spend $30, you can get either $30 cashback, or 3k American Express Membership Rewards. Let me explain.
I would highly recommend you read our guide to using Rakuten, but essentially, Rakuten works like any other shopping portal except it gives you the option to earn your savings in the form of cashback or Amex Points. In my opinion, this is a massive leg up on competition because I value Amex Points at roughly 2 cents, meaning I’m getting double the value by choosing Amex points vs cashback. Now, you should take into consideration I also travel a lot, and I’m quite adept at using Amex points, but at the very minimum Amex points are worth 1.5 cents.
How does Rakuten work like any other portal?
After you sign up via Rakuten, you’ll be taken to their portal. The portal is filled with various retailers and when you click on one, you will generate a link to your desired merchant, and the rest is all behind the scenes. In fact, I just used Rakuten last week to make some amazing purchases at J. Crew. It looks like my deal of 50% off already reduced prices is now 40%, but I was able to get many items at 70-80% off retail. J Crew’s debt has dropped to junk and who knows what the future holds with retailers being closed for such a long time, but the deals are insane. I got a few t-shirts for $8 a piece. Nuts.
When does the spend $30 get $30 promo end?
This is the best part. It’s currently running through the end of the year. This is absolutely fantastic. If you see some items you want now, great, but at the same time, it gives you the freedom to sign up now, and then wait until a great portal bonus comes along at a store you’d really like to make a purchase from.
What’s a quick way to take advantage of Rakuten?
Personally, I think it’s pretty hard to beat stacking a Rakuten referral, or new member bonus, with the Dell credits from Amex Platinum or Amex business Platinum. You can get up to $330 worth of free stuff.
Amex Business Platinum cardholders are receiving promotional $200 statement credits until year end.
That means if you buy anything with those cards ( don’t forget you can split payment ) you’ll earn those statement credits alongside the Rakuten new member bonus AND you’ll also earn your normal Rakuten cashback.
Obviously, we’d love it if you’d use our referral since there is no limit to how many you can earn, but we also like to share the love. Earning points this way is how we are able keep in the air, but it’s also how you can take the trips of your dreams. So leave them below if you’d like.
How we use Referrals…
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