Rakuten (formerly Ebates): now change from cash back to Membership Rewards points

Rakuten is now offering users the chance to switch from earning cash back to earning Membership Rewards points. If you have an account earning cash back, you can now choose to earn Membership Rewards points instead. That’s huge for people with long-established accounts (from before Ebates added Membership Rewards earning as an option and changed the name of the site to Rakuten).

If you are currently earning cash back and would like to earn Membership Rewards points, simply click your account menu and click “Account settings”.

From there, under “How would you like to get paid?”, select “Switch to Membership Rewards points”.

It will then let you know that the cash you currently have in your account will be paid via PayPal and you will begin earning Membership Rewards points after connecting your American Express card.

This is great news for those who were stuck with an account earning cash back that wanted to convert to Membership Rewards points, especially those who already have the Rakuten cash back Visa credit card and couldn’t have previously converted without closing the card. After the switch, that card will earn 3x Membership Rewards everywhere when clicking through the Rakuten portal. That could be pretty awesome. Even for those who just hadn’t wanted to close and re-open their Ebates account, it’s great to now see the option to switch.

See Rakuten (formerly Ebates) Visa with Membership Rewards. Everything you need to know for more details on how Rakuten with Membership Rewards works.

H/T: Doctor of Credit

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

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ktc
Guest
ktc

Great, successfully converted to MR, even using a Blue Business Plus. thanks!
When shopping I am not limited to using AMEX card only correct?

Greg The Frequent Miler
Admin

Correct, you can pay with any card

Susan
Guest
Susan

I tried adding my Am Ex Business Blue card & got the message ‘This card is not eligible.’ Any ideas why?

Greg The Frequent Miler
Admin

No idea. That surprises me.

Alex Zaharovs
Guest
Alex Zaharovs

So, what’s the earning rate ?
$1 in Rakuten cash back = 1 Membership Rewards point ?

Kalboz
Guest
Kalboz

How many MR points you need to generate to trigger a transfer?

James
Guest
James

Should be 500 since that’s equivalent to earning $5, which is the minimum needed to generate a check.

losingtrader
Guest
losingtrader

Given Rakuten is the biggest, I get the feeling they aren’t going to have the best rebates. They spend a ton on advertising.
Am I wrong?

Treesha
Guest
Treesha

Fantastic. But how secure is this, since I have to enter my Amex login information to Rakuten?

Andy
Guest
Andy

Regarding the 20k raise limit: is the limit capped at a total spend of 20k regardless of cash back received or it is capped at a total of $200 cash back( 20k spend x 1%)? If its the latter, does that mean that ill be capped a 5k spend at 4% using the additional 3x from the ebates cc? And if your close to that 5k spend it would be better to open a new account and reapply… ANY THOUGHTS?

Percy
Guest
Percy

I had created a second Rakuten account to use with Amex MR.
I tried to link my original Ebates/Rakuten account to my Amex account and it’s giving me errors.
Anyone else in the same situation?

Matt
Guest
Matt

I’m having the same problem. Did you find anything?

LRD
Guest
LRD

You need to allow third-party cookies.

David-in-Florida
Guest
David-in-Florida

I checked two of my favorite online stores, Vitacost and Life Extension. Both have higher payouts with topcashback – high enough to make it better than even MR points.

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[…] Everyone can now earn Membership Rewards points instead of cash back at Ebates The ebates visa earns 3 points per dollar on all online purchases made through the portal in addition to normal portal shopping points. […]