If you don’t have a Rakuten account, this elevated new-member offer is the time to get it. And if you have a Rakuten account, this is the time to refer all of your friends.
In this article
Get $30 (or 3,000 American Express Membership Rewards points) When You Refer or Get Referred
From July 23, 2020 through on August 6, 2020 only, both the referrer and the new member will get $30 when the new member makes at least $30 in purchases through Rakuten links. If you don’t have an account yet, here’s my link for us to both get the $30 or 3,000 MR points.
If you don’t already know, you have the option to earn American Express Membership Rewards points instead of cash at Rakuten (formerly Ebates) at an even 1:1 ratio. Since Amex points are worth more than a penny each (I value Amex points at 1.7 cents each).
So in an example where you earn 10% cash back on a $100 purchase, you can earn 1,000 points instead. Given my approximate 1.7 cent value per point, I look at this as getting ~$17 cash back instead of just $10.
Even if your account is set to earn points instead of cash, you can change your mind and switch over to a check or PayPal deposit of cash, so you aren’t locked in for life to the points.
You should always be using a cashback or mileage / points portal for all of your online shopping anyway. If you aren’t already in the Rakuten ecosystem, now is the time.
Will you take advantage of this boosted bonus?
Let me know below in the comments, on Twitter, or in the private MilesTalk Facebook group.
You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.
