Introduction

The Rakuten Visa Card is one of the few annual fee credit cards available to earn American Express Membership Rewards points. Earning 3% cash or 3 Membership Rewards points for every dollar spent on purchases made through the Rakuten portal represents a potentially lucrative opportunity. Some people may be unfamiliar with the Rakuten name, but they are likely familiar with the site from its previous iteration under the name Ebates. Some of the earliest cashback sites included Ebates, and Rakuten continues to be a major player. It is not necessary to use Rakuten bonuses on all online purchases. Some of the biggest online retailers, including Amazon and Walmart, don't offer discounts or specials for many parts of the country.

How Does Rakuten Work?

Here's how the system works if you're still not a Rakuten customer: In its affiliate model, which it has used since its days as Ebates, businesses pay Rakuten for the referral of customers. When you make a purchase from a store after clicking a link on Rakuten.com (or link a Rakuten promotion to your credit card and make an in-store purchase), the store will pay Rakuten a commission. Rakuten will retain this fee cut and return a cash bonus to its customers.

Rakuten affiliates are Rakuten affiliates, more than 2500 merchants, including retail heavyweights like Amazon, Target, Walmart, Walgreens, and Macy's, hotels, airlines, and travel booking websites like Orbitz and Travelocity. Even though in-store purchases rarely generate as much profit as online purchases, Rakuten offers cashback discounts.There is no cost to join and no ceiling on how much money you can make.

Who Should Be Eligible For This Card? Rakuten Cash Back Visa Credit Card?

It's Rakuten's Cash Back Program. Those who are already familiar with Rakuten or who intend to use Rakuten for either online or in-store purchases will benefit most from obtaining a Visa credit card. Since Rakuten is affiliated with major brands and retailers like Apple, Macy's, and Under Armour, it's simple to rack up extra cash by purchasing from the places you already shop. In addition to the standard 1% cash back on all purchases, certain Rakuten purchases will earn you a cashback of 3. In this case, it would be best to look into a different rewards credit card that offers more than 1% cash back if you aren't planning on making any purchases via Rakuten. However, if you're not concerned with getting your money back, Rakuten offers a redemption option that could be worthwhile. Connect your American Express credit card with Membership Rewards points to your Rakuten. A Rakuten account is possible. Using Rakuten, you can earn Membership Rewards points instead of traditional cash back. Cashback rewards can be stacked ...

You can earn points toward free merchandise or travel discounts at Rakuten.com's many retail and travel affiliates. Creating an account won't cost you a thing. Whether or not you have a Rakuten Cash Back Visa credit card, you can still earn cash back on purchases made through the website. Use the card to get a greater return on your purchases. Those with a Rakuten Cash Back Visa credit card can get a 3% rebate on purchases made at Rakuten.com or Rakuten-partnered stores, at Rakuten-partnered hotels, and on Rakuten vacation packages. Earn 1% cash back on all other purchases. You can earn cash back through your credit card and additional rewards when making purchases from Rakuten's partners.

This Card Is Best For

Cash Back Strategist Character Symbol. The goal is to find ways to maximize cashback earnings across all purchases. Annual Fee Avoider Icon. Opposes paying a yearly fee, either out of principle or because of how much it would cost.

Brand Persona Having a loyal persona. As a result of their affinity, consumers are more likely to buy products from a given brand.

People who spend a lot of time on the internet and make frequent purchases on Rakuten will benefit the most from using a credit card like the Rakuten Cash Back Visa Signature because hotels and other travel-related purchases are made on Rakuten fall under the bonus rewards categories. It's a great option for frequent fliers who don't want to pay a yearly fee. Extra cashback can also be earned on select in-store purchases. Combining this card with another reward card that provides greater rewards on purchases made outside the Rakuten ecosystem can be the most advantageous course of action.

Pros

Potentially very useful for amassing American Express Membership Rewards. The potential payout is enormous if you use the portal to do your shopping. Rewards can be earned indefinitely.

Cons

Such a meager amount as a starting bonus is shocking. You'll need an American Express credit card if you want the best perk. There are no free trips included. Payouts of bonuses occur once per quarter rather than as they are earned.

Conclusion

It's Rakuten's Cash Back Program. If you want to get the most out of your Visa Signature credit card when making online purchases, you may need to modify some of your usual procedures. A small welcome bonus, no introductory 0% APR promotional period, a low base reward percentage, and redemption limitations are all major drawbacks of this card. If you're considering this card, comparing it to others that offer better rewards for purchases made elsewhere is worth your time. This way, you can earn more than one percent cash back on all your purchases, regardless of where you make them.