Earlier this year, Rakuten (formerly Ebates) allowed people to sign up for a new account and to select to earn Membership Reward points instead of earning cash back. However, this was only for new accounts and people who already had an account couldn’t switch to earn Membership Reward points instead.
Earn Membership Reward Points Through a Shopping Portal
That has changed now! Now, you can switch to earn Membership Reward points instead of cash back – and this is definitely something you should consider doing! While cash back is nice, it is very easy to get more value from the Membership Reward points than the cash back. And, this could not come at a better time with Black Friday/Cyber Monday coming up next month!
It is important to note that you will not have any existing balance pay out as Membership Reward points but that will be given as cash back and then all future earnings will be Membership Reward points.
Another nice tidbit is that if you want to go back to cash back, it is just an easy button press to do that!
How to Switch to Earn Membership Reward Points Instead of Cash Back with Rakuten/Ebates
To get started, simply click this link and login. This is Account Settings. Part way down the page (as seen before) you will see the option to earn Membership Reward points instead of cash.
Once you select that, you will have a pop up window to login to your American Express account. To earn Membership Reward points, you must have a MR earning card tied to the account you login to.
Next, you will be sent a 6 digit code by Rakuten to verify that it is truly you – enter that code and you are good to go!
I definitely will be using my Rakuten account more with this since there are some great ways to earn big points on shopping online!
HT: Doctor of Credit