Online shopping portals can be a great way to pick up additional miles & points for purchases you’d make anyway. Just for following a specific link you can earn bonus points or cash back in addition to the rewards you’d earn for credit card spending.
Whenever I make an online purchase I always check to see which shopping portal has the best bonus. While Rakuten has been running a promotion for several days now, the portal has just improved its offer even further for Cyber Monday, and it’s the best offer we’ve seen from the portal in quite a while. When you stack it with Rakuten’s new member bonus, there’s lots of potential here.
Rakuten’s 15-20% cash back promo
Rakuten, which is one of the largest online shopping portals (and my all around favorite), has just launched its Cyber Monday promotion, valid today only. With this, you can earn 15% cash back with hundreds of retailers. These retailers ordinarily offer significantly less return than that, sometimes as little as 1%.
It gets even better than that, as some members are being targeted for 20% cash back with some retailers.
This is especially great if you’re looking to buy products that have consistent pricing across retailers, as is often the case with cosmetics, perfumes, etc. Getting significant savings for those purchases is something that can otherwise be tough to find. There are all kinds of retailers on this list, from clothing stores, to office supply stores, to department stores, and more.
For example, Saks Fifth Avenue and Neiman Marcus are both offering 15% cash back, and sell all kinds of products you might typically buy with other retailers.
If you have The Platinum Card® from American Express (review), also keep in mind that the card offers up to a $100 Saks credit every year ($50 in the first half of the year, and $50 in the second half of the year). So you might as well stack that with an elevated bonus from Rakuten, plus Rakuten’s new member bonus, if you’re not already a member.
Earn 15-20x Amex points instead
15-20% cash back is awesome, but what’s even better is earning 15-20x Amex points. Nowadays you can choose to earn Amex points instead of cash back with Rakuten, at the rate of one cent per point.
Personally I value Membership Rewards points at 1.7 cents each. To me, earning 15-20x Amex points is the equivalent of 25-34% back, which is incredible. The ability to earn Amex points with Rakuten is a game changer for me when it comes to online shopping portals.
New to Rakuten?
Rakuten has a great refer-a-friend program. If you’re new to Rakuten you can register using my link, and then you’ll earn an additional $30 bonus after completing your first purchase of at least $30. You can even unlock this bonus with a simple gift card purchase.
Once you register for your account just change your earnings preference to Amex points, and then you can earn Amex points for all of your purchases. The $30 bonus is an excellent reward, so this is a great time to sign-up for a Rakuten account.
For Monday, November 29, 2021, you can earn 15-20% cash back, or 15-20x Amex points, for purchases with hundreds of retailers. This is the best offer of the year from Rakuten. When you combine this with Rakuten’s $30 new member bonus, the deal gets even better.