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The Rakuten Visa has given me yet another case of FOMO as cardholders have reported receiving some very lucrative spending offers over the last 24 hours. Remember that Rakuten earnings can be converted into American Express Membership Rewards if your account is set up that way (see this post for more).
The best of what we’ve seen so far offers an additional 5% (or 5x Membership Rewards) until 5/15/22. This would combine with the usual 1%/1x rewards to create a 6x Membership Rewards-earning Visa for the next month. If ordering through the Rakuten portal, it goes up to 8x. That’s tasty.
These offers were sent out via e-mail, so if you have the Rakuten Visa, be sure to check your spam folders.
The Deals
The Rakuten Visa has several targeted offers:
- Earn an extra 5% cashback/5x Membership Rewards (or 6%/6x total) on all purchases provided you have at least 5 transanctions greater than $10 during the promotional period.
- Earn an extra 2% cashback/2x Membership Rewards (or 3%/3x total) on all purchases provided you spend at least $500 total during the promotional period.
- $10 back after 5 $10 purchases during the promotional period.
- $20 back on $500 in total spend during the promotional period.
- $50 back on $2000 in total spend during the promotional period.
Key Terms
- Offer registration and qualifying purchases must be made 4/15/2022 through 5/15/2022.
- Cash Back will post to your RakutenCash Back account 1-2 months after the promotion end date.
- Offer is not transferable and may not be combined with other offers.
Quick Thoughts
These offers are all low-hanging fruit, but the 2x/5x (really 3x/6x) everywhere deals are particularly noteworthy as it seems like the 6% earnings are uncapped. That could make the next month quite rewarding if you have the time and inclination to hit this with gusto.
Remember that Rakuten earnings can be converted into American Express Membership Rewards if your account is set up that way (see this post for more). 6x Membership Rewards everywhere with uncapped earnings is a potentially phenomenal deal and makes me wish (yet again) that I had this card. Maybe this will be the push I need to finally burn a 5/24 spot on it.
If you see an offer that’s not already listed here, leave it in the comments and we’ll add it to the main post.
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I opened this card in 2018 and I don’t think I’ve ever been targeted for these spending offers. once again nada. odd.
perhaps because my wife uses the card a decent amount for online shopping? perhaps these are meant to entice people to pull the card out of the sock drawer?
Man, that’s a bummer. Makes me think you’re onto something about the targeting.
Got the $10 on 5x purchases. Easy 1000MR
Player 2 got the 6x everywhere offer. Did a CLI with a soft pull, doubling it to $10K. Thank you Synchrony for this and the PayPal fun while it lasted.
Nice! Good call on the CLI!
Any recommendations to obtain a CLI through a soft pull?