Online shopping portals can be a great way to pick up additional 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.
Rakuten is my favorite online shopping portal, given that you can earn Amex Membership Rewards points with it. A couple of weeks ago I wrote about how Rakuten brought back an excellent bonus for those who are referred by existing members. This is a reminder of that, as today is the last day to take advantage of this promotion.
Rakuten offering $30 bonus for new members
Rakuten is offering the best refer-a-friend bonus I ever recall seeing.
If you refer a friend to Rakuten and they spend $30, then both the person referring and the person being referred receive $30. This offer is available through August 6, 2020 (which is today). It seems like not all refer-a-friend links show this offer, so you’ll want to double check your account before referring others.
This is an exceptionally good deal:
- Rakuten is giving out $60 total for a $30 purchase
- For the person being referred, they’re essentially getting a $30 credit on a $30 purchase
- You can then refer friends and family members, and earn an unlimited number of referral bonuses
- Long term you can potentially get even more value with Rakuten, as rewards can be converted into Amex points
- You can really easily make a purchase, including triggering this bonus with a simple $30 gift card purchase; see this post for the easiest ways to maximize this bonus
Convert Rakuten cash back into Amex points
The reason that Rakuten is my favorite shopping portal is because Rakuten rewards can be converted into Amex Membership Rewards points.
This can be done at the rate of one cent per point. Personally I value Membership Rewards points at 1.7 cents each. To me that increases the value of the rewards by 70%.
The ability to earn Amex points with Rakuten is a game changer for me when it comes to online shopping portals. See this post for everything you need to know about earning Amex points with Rakuten, as you just need to adjust one easy setting in your account.
Rakuten is my favorite online shopping portal, and at the moment the company is offering a $30 referral bonus to both the person referring and the person being referred.
Since only a $30 purchase is required, that’s basically like getting $30 worth of stuff more or less for free. Then long term you can even earn Amex Membership Rewards points in place of cash back, which I value significantly more.
If you don’t yet have a Rakuten account, this is the time to sign up. And you’ll want to do so today, since the offer is about to expire.