Online shopping portals can be a great way to earn extra miles and points on purchases you would be making anyway. Only if you follow a certain link can you earn bonus points or cashback in addition to the rewards you earn for credit card spending.
Whenever I shop online, I always check which shopping portal has the best bonus. Rakuten has just launched its Presidents Day promotion, which is valid for purchases today (Monday, February 15, 2021).
Rakuten’s 10% cashback promo
Rakuten, one of the biggest online shopping portals (and my all-time favorite), has just started its Presidents Day sale. At 200+ retailers, you can earn 10% cashback. Some retailers even offer 15% cashback, although the majority of advertising retailers offer 10% cashback. These retailers usually offer significantly lower returns, sometimes as low as 1%.
All types of retailers are on this list, from clothing stores to office supply stores to department stores and more.
This is particularly useful when you want to buy products that have constant prices from retailers, as is often the case with cosmetics, perfumes, etc. It is otherwise difficult to make significant savings on these purchases.
Saks is on the list and you can get 10% back on purchases from the retailer. Keep in mind that you can stack this even with the Amex Platinum $ 50 Saks credit.
Instead, collect 10x Amex points
10% cashback is fantastic, but what’s even better is earn 10x Amex points. Nowadays, instead of cashback, you can collect Amex points with Rakuten at a rate of one cent per point.
Personally, I estimate Membership Rewards points at 1.7 cents each. Earning 10x Amex points equals 17% back for me, which is great.
The ability to collect Amex points with Rakuten changes the game for me when it comes to online shopping portals.
This post is everything you need to know about earning Amex points with Rakuten.
New to Rakuten?
If you are new to Rakuten, you can register using my link. After completing your first purchase of at least $ 20, you will receive an additional $ 20 bonus. You can even unlock this bonus with a simple purchase of a gift card, as described in this post.
Once you have registered for your account, simply change your Earning Preference to Amex Points. You can then collect Amex points for all your purchases.
You can earn 10x Amex Points today for purchases from all types of retailers. This is a fantastic deal if you want to shop online. When you combine this with Rakuten’s $ 20 new member bonus, the deal gets even better.