(EXPIRED) Rakuten referral bonus: 4K points or $40 for each side

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Rakuten is offering a best-ever $40 referral bonus (which could alternatively be 4,000 American Express Membership Rewards points) for both you and your friend when you refer a new member and they spend $40 or more. That’s a total of $80 or between the two of you (or better still if you earn Membership Rewards points), which is an excellent deal.

The Deal

  • Shopping portal Rakuten is offering $40 for you and $40 for the new member when you refer friends who sign up and spend $40 or more through the portal within 90 days.

New to Rakuten?

  • Earn $40 cash back
    • Sign up with our refer-a-friend link
      Deal: Sign up with a refer-a-friend link and make $40 in qualifying purchases in 90 days to get $40 bonus cash back.

Want to switch your earning preference to Membership Rewards?

  • Simply go to your account menu, then “Account settings”, then “how would you like to get paid” and you can switch from cash back to Membership Rewards points
  • See this post for more detail

Key Terms

  • Subject to the Referral Program Terms, Rakuten will pay you a $40 Referral Bonus through your Rakuten account for each Qualified Referral during the period beginning 12:01AM ET May 14, 2021 and ending 11:59PM ET May 17, 2021 (“Offer Period”).
  • Notwithstanding anything to the contrary in the Referral Program Terms, this offer is valid only if the referral signs up and completes their qualifying purchase within 90 days.
  • You and your referral must be located in the 50 United States or Canada to qualify.
  • Offer may be modified or cancelled anytime.

Quick Thoughts

This is a great deal if you have friends or family members who have never used Rakuten before. The timing is also excellent since many stores are offering 15x / 15% cash back through 5/17/21. If your friend spends $40 through one of the stores included in that promotion, they’ll get $6 cash back on top of the $40 referral bonus, which ought to be enough to convince someone to try it out.

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