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

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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

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