Up To 15% Cash Back (Or 15x Amex Points) With Rakuten

Filed Under: Great Deals

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. Rakuten has just introduced a new bonus on purchases, which stacks nicely with their increased bonus for new members.

Rakuten’s 15% Cash Back Promo

Rakuten, which is one of the largest online shopping portals (and my all around favorite) has a great promotion at the moment to celebrate the company’s birthday. You can earn up to 15% cash back with 150+ retailers. These retailers ordinarily offer significantly less return than that, sometimes as little as 1%.

There are all kinds of retailers on this list, from clothing stores, to office supply stores, to department stores, and more.

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.

Earn 15x Amex Points Instead

15% cash back is awesome, but what’s even better is earning 15x 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. So to me, earning 15x Amex points is the equivalent of 25.5% 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.

See this post for everything you need to know about earning Amex points with Rakuten.

New To Rakuten? 

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. This is a limited time bonus. You can even unlock this bonus with a simple gift card purchase, as outlined in this post.

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.

Bottom Line

You can earn 15x Amex points for purchases with all kinds of retailers right now, which is a fantastic deal if you’re looking to make an online purchase. When you combine this with Rakuten’s new member bonus, the deal gets even better.

Comments
  1. The only thing that sucks about Rakuten is that you have to wait forever and a day to get the amex points / checks to post. I have 38k points from a purchase I made in February… and I still have 2 weeks left until it gets transferred into my Amex account…

  2. Would purchasing an Amazon gift card from Staples online be eligible for the 15x bonus?

  3. @Chuck –

    Why wouldn’t they if they don’t have an account already? I used someone’s SoFi link from the comments a few months ago (You’re welcome Brian)…

  4. @Craig-

    You should build a blog from scratch, gain thousands of followers, and then use your referral link…

    You act as if OMAT doesn’t have a right to share their own referral links for all their content. LOL!

  5. I have always felt the points and miles game is the long game. Many blogs says only get points to work toward a goal. I go BS on that. Consider earning miles and points like a business. You invest by earning points for the long pay off. Steady wins the game.

  6. @TravelinWilly: “Would purchasing an Amazon gift card from Staples online be eligible for the 15x bonus?”

    Rakuten’s terms make it pretty clear that gift cards are not eligible.

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