(EXPIRED) Rakuten: Earn 5%/5x In-Store At Staples, Walmart, Bed Bath & Beyond & Old Navy With Linked Mastercard

Rakuten has some interesting card-linked offers right now as they’re offering 5% (or 5x Membership Rewards) for purchases in-store at Staples, Walmart, Bed Bath & Beyond and Old Navy when paying with a Mastercard.

The Deal

• Earn 5%/5x from Rakuten when paying with a linked Mastercard for in-store purchases at the following retailers:
  • Walmart
  • Staples
  • Old Navy
  • Bed Bath & Beyond
• Direct link to offer.

Key Terms

• Expires August 22, 2021.
• Offer valid at participating US stores only.
• Purchases are subject to applicable store policies.
• In-Store Cash Back offers are not valid for online orders.
• To earn In-Store Cash Back you must link the In-Store Cash Back offer to your qualified Mastercard credit or debit card (if applicable) connected to your Rakuten account and pay with the linked card by 8/22/21 at 8:59pm PT.
• Debit card purchases must be processed as signature, i.e., credit transactions, in order to be eligible for Cash Back.
• In-Store Cash Back offers are valid for 1 transaction and must be relinked for each following transaction in order to earn Cash Back.
• Only US-issued payment cards are eligible to earn Cash Back.
• Offer not valid for gift card purchases.
• Staples only – Limit of 1 redemption per user for this offer. Maximum cash back amount of $50 per redemption.

Quick Thoughts

Earning 5% cashback or 5x Membership Rewards for in-store purchases at Staples, Walmart, Bed Bath & Beyond and Old Navy is a decent reward.

The terms exclude gift card purchases, although I’m not sure whether Rakuten will be enforcing those terms or not. Sometimes they do, sometimes they don’t, so be aware that there’s some potential for clawbacks if you decide to take advantage of these offers by buying gift cards in-store. All four of these retailers have third party gift card racks, so it’s certainly tempting.

Note that the Staples offer has a couple of additional terms – there’s a limit of one redemption and there’s a limit of $50 for that redemption. That means you’ll max out the Staples offer when spending $1,000. The Mastercard requirement means it won’t stack with 5x on a Chase Ink Plus or Ink Cash card though.

The fact that there’s a specific limit for Staples but not the other three retailers suggests that you can earn 5%/5x at Walmart, Old Navy and Bed Bath & Beyond more than once per retailer. After redeeming in-store offers at any given retailer though, you have to re-link the offer to your card before using it again.

h/t Chris

Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.