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 launched its best promotion in a long time, as the portal is offering 15% cash back (or 15x Amex points) with hundreds of retailers for the next week.
Rakuten’s 15% cash back promo
Rakuten, which is one of the largest online shopping portals (and my all around favorite), has just launched its “Big Give Week” promo, valid from May 10 through May 17, 2021.
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%.
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.
Saks is on the list, and you can earn 15% back for purchases with the retailer. Keep in mind you can even stack this with the Amex Platinum $50 Saks credit.
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. To me, earning 15x Amex points is the equivalent of over 25% back, which is awesome.
The ability to earn Amex points with Rakuten is a game changer for me when it comes to online shopping portals.
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. You can even unlock this bonus with a simple gift card purchase, as outlined in this post. This offer is available through May 13, 2021.
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.
Through May 17, 2021, you can earn 15x Amex points for purchases with all kinds of retailers, which is a fantastic deal if you’re looking to make an online purchase. When you combine this with Rakuten’s $40 new member bonus, the deal gets even better.