Today only, a large number of merchants on Rakuten are offering 20% or 15% cash back. If your Rakuten account is set to earn MR points, that works out to 20x/15x MR, which is a very solid return. Also, if you still haven’t used your Saks Fifth Avenue credit on your AMEX Platinum card, Saks is at 20% cash back today, so this is a good chance to buy something and use that credit.
On top of that, 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 significant increase. If you have an AMEX Membership Rewards card, you can convert your account after signing up so that it earns MR points instead of cash back (all cash back converts to MR at a 1:1 ratio; see the detailed explanation below). That means the $30 signup bonus can become 3000 MR.
- Rakuten signup link (must spend $25 through ebates within 90 days)
