How to Earn Cashback with Rakuten: Complete Guide to Maximize Your Savings (2024)

Introduction

If you’re wondering how to earn cashback with Rakuten, this guide is for you. We’ll cover everything you need to know to maximize your savings on both online and in-store purchases. Rakuten is a powerful tool to help you earn rewards on everyday spending, and this guide will show you how to make the most of it.

What is Rakuten?

Rakuten is a popular cashback site where users can earn rewards by shopping through their platform. Founded by Hiroshi Mikitani in 1997, Rakuten has grown into a global brand, offering services in e-commerce, fintech, digital content, and more. In 2014, Rakuten acquired Ebates, a well-known cashback site in the US, to expand its reach in the online shopping rewards market.

How Rakuten Works

Rakuten partners with over 3,500 stores to offer cashback on purchases. Here’s how you can earn cashback with Rakuten:

Cashback System

When you shop through Rakuten’s links or use their browser extension, Rakuten earns a commission from the retailer, which they share with you as cashback. This system allows you to earn money on purchases you would make anyway.

Earning Methods

• Online Shopping: Visit Rakuten’s website or use the browser extension to find participating stores and shop as usual.
• In-Store Purchases: Link your credit or debit card to your Rakuten account and shop at participating stores to earn cashback.
• Special Deals: Take advantage of special promotions and double cashback offers.

Payment Options

Rakuten pays out cashback every three months via PayPal or check, as long as you’ve earned at least $5.

Features of Rakuten

Rakuten Browser Extension

The Rakuten browser extension notifies you of cashback opportunities while you shop online and automatically applies available coupons. This feature makes it easy to maximize your savings without any extra effort.

Rakuten App

The Rakuten app offers similar features to the browser extension, including cashback notifications, exclusive app events, and deals. The app is available for both iOS and Android devices, making it convenient to shop and earn on the go.

Double Cashback Promotions

Rakuten frequently offers double cashback promotions for specific stores, allowing you to earn even more on your purchases. These promotions are a great way to boost your earnings quickly.

Referral Program

Rakuten’s referral program lets you earn additional cashback by inviting friends to join. You can earn $5 to $25 for each friend who signs up and makes a qualifying purchase, and your friend receives a welcome bonus as well.

In-Store Cashback

By linking your credit or debit card to your Rakuten account, you can earn cashback on in-store purchases at participating retailers. This feature is particularly useful for those who prefer shopping in brick-and-mortar stores.

Rakuten Travel

Rakuten offers cashback on travel bookings, including flights, hotels, and vacation packages. This feature can help you save on large purchases and make your trips more affordable.

Security and Privacy

Rakuten is committed to protecting user data and is certified compliant by the Payment Card Industry Security Standards Council (PCI). They also provide transparency about how your information is used, allowing you to opt-out of location tracking if desired.

Pros and Cons of Rakuten

Pros

• Ease of Use: Rakuten’s website, browser extension, and mobile app are user-friendly and straightforward.
• Variety of Stores: With over 3,500 participating retailers, you can earn cashback on a wide range of products and services.
• Referral Program: Earn bonuses by inviting friends to join Rakuten.
• High Cashback Rates: Some stores offer up to 40% cashback, significantly increasing your savings.

Cons

• Quarterly Payments: Cashback is only paid out every three months, which may be too infrequent for some users.
• Impulse Buying: The allure of cashback can lead to unnecessary purchases.
• Exclusions: Not all products at participating stores are eligible for cashback, particularly high-demand items.

User Testimonials and Reviews

Positive Feedback

Users appreciate the convenience and savings Rakuten offers. Many highlight the ease of earning cashback through both online and in-store shopping, as well as the helpfulness of the browser extension and mobile app.

Negative Feedback

Some users have reported issues with account suspensions and exclusions from cashback. Additionally, delays in cashback posting can be a source of frustration.

FAQs about Rakuten

How does Rakuten make money?

Rakuten earns a commission from retailers for sending them customers. They share a portion of this commission with users as cashback.

Is Rakuten safe to use?

Yes, Rakuten is safe to use. They are compliant with PCI standards and do not require payment information for using their services.

How do I earn cashback on Rakuten?

To earn cashback, shop through Rakuten’s website, browser extension, or mobile app at participating stores. You can also earn by linking your card for in-store purchases.

How often does Rakuten pay out cashback?

Rakuten pays out cashback every three months via PayPal or check, provided you’ve earned at least $5.

What stores participate in Rakuten?

Rakuten partners with over 3,500 stores, including major retailers like Walmart, Target, and Macy’s.

Tips for Maximizing Earnings on Rakuten

Use the Browser Extension

Install the Rakuten browser extension to receive automatic notifications of cashback opportunities and apply coupons effortlessly.

Shop During Double Cashback Events

Participate in double cashback promotions to maximize your earnings on specific purchases.

Refer Friends

Take advantage of the referral program to earn bonuses for inviting friends to join Rakuten.

Stay Informed

Keep an eye on Rakuten’s website and app for special promotions, deals, and new ways to earn cashback.

Conclusion

Rakuten is a valuable tool for anyone looking to save money on their everyday purchases. With its easy-to-use platform, variety of participating stores, and lucrative cashback opportunities, Rakuten makes it simple to earn rewards while shopping. By following the tips in this guide, you can maximize your earnings and enjoy the benefits of this popular cashback program.

Relevant External Links

1. NerdWallet on Cashback Rewards – Learn about cashback rewards on NerdWallet
2. Investopedia on Financial Security – Read about financial security on Investopedia
3. Forbes on Online Shopping Trends – Explore online shopping trends on Forbes

By utilizing Rakuten and its various features, you can enhance your shopping experience and save money with minimal effort. Join Rakuten today and start earning cashback on your purchases!