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Shopping portal Rakuten is offering 100% back / 100x Membership Rewards points for LifeLock subscriptions today. If you’re able to stack the Chase Offer for LifeLock, you’ll end up paying under eight tenths of a cent per point to buy 10,000 Membership Rewards points (and get a LifeLock subscription to go with it). That could easily be an excellent deal.
- Earn 100% cashback or 100x Membership Rewards when purchasing a LifeLock subscription after clicking through from the Rakuten shopping portal.
- Earn $20 back as a statement credit on LifeLock purchases with a targeted Chase Offer.
- Cash back is not available on free trials and automatic renewals.
- Cash Back is not available when using coupons/promotional codes not found on Rakuten.
- Cancelling a subscription within 60 days of sign up will void Cash Back.
- Chase Offer
- Expires November 27, 2020.
- Must spend $89.99 or more.
- Offer valid one time only.
- Payment must be made directly with the merchant.
- Offer not valid on third-party delivery services.
- Payment must be made on or before offer expiration date.
This can be a great deal as 10K Membership Rewards points are easily worth more than the $80 or $100 net cost involved here (the price of a LifeLock subscription).
If you don’t have the Chase Offer, you’ll pay $99.99 and get 9,999 Membership Rewards points — a cost of $0.01 per point (assuming you don’t value the LifeLock subscription at all).
If you do have the Chase Offer (keep in mind that it expires tomorrow), you’ll pay $99.99 and earn 9,999 points, but you’ll get $20 back for a net cost of $79.99 (or 0.79cpp). That’s pretty objectively excellent. That could me more than enough Membership Rewards points for a short one-way domestic flight wiht the right Membership Rewards sweet spots, which in many cases could be an excellent deal for eighty bucks.
On the other hand, Greg and I recently talked on the podcast about why we haven’t previously done the LifeLock deal. I was teasing him about how he’s not really a buyer of Membership Rewards points at 1cpp because if he was he’d have hopped on the previous LifeLock deal. But secretly, I knew why he hadn’t: we’ve both gotten the impression that cancelling a LifeLock subscription is kind of a pain. It might be worth a small headache given the deal here — and we could be wrong / LifeLock may have improved the cancellation process. But it’s worth noting that I think you have to call to cancel, which inevitably means dealing with a pitch to keep you on.
Still, I could see this being totally worth it for readers looking to juice their Membership Rewards balance at an attractive cost. If you live in a household with multiple eligible LifeLock members, you could click through Rakuten to sign each person up and easily put together a more significant number of points in a single Membership Rewards account.
If you have done one of these deals and successfully cancelled LifeLock (after the required 60 days have passed), let readers know your experience in the comments. Also keep in mind that new Rakuten members should be able to stack this with the 4K bonus for joining, making it an even better deal.