Today only, a large number of merchants on Rakuten are offering 10%+ cash back. If your Rakuten account is set to earn MR points, that means 10x MR, which is a very strong return. Also, if you still have your AMEX Platinum card’s Saks Fifth Avenue credit to use, Saks is at 10% back right now, so this could be a good chance to buy something and use up that credit.
Also, if you sign up for a Rakuten account now, you can get a $30 welcome bonus. The standard signup bonus has usually been $10, so this is a pretty significant increase. If you have an AMEX Membership Rewards-earning card, you can sign up first and then switch your Rakuten account to earn MR points instead of cash back (all cash back converts 1:1 into MR points; see the detailed guide below). That means the $30 signup bonus can become 3,000 MR points.
- Rakuten signup link (must spend $25 through ebates within 90 days)
