Advertiser Disclosure
X

Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all banks, credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others.

  • Date

By

Dig Deeper

Become a Money Crasher!
Join our community.

Rakuten Review – Earn Cash Back for Shopping at Your Favorite Stores

At a Glance
Rakuten Logo
4.2 / 5
Rating

Sign Up

Rakuten

  • Sign-Up Bonus: Earn a $40 bonus when you sign up and spend at least $40 in qualifying purchases within 90 days
  • Cash Back Options: Website cash back (panels), browser plug-in (cash back button), in-store cash back, instant coupons
  • Redemption Minimum: $5, paid quarterly
  • Additional Features: Fully functional mobile apps, Visa credit card (earn 3% cash back on most Rakuten purchases and 1% on all other qualifying purchases)

Rakuten (formerly Ebates) is a popular website that offers cash back on everyday purchases from more than 2,500 retail partners. Offers usually range from 1% to 10%, with an impressive crop of “10% cash-back stores” that include some of the biggest names in retail.

Rakuten also offers thousands of product-specific coupons with much larger instant discounts, including “buy one, get one free” (BOGO) offers. Major retailers including Amazon, Macy’s, eBay, and Target are all represented in Rakuten offerings.

It’s free to join Rakuten, though purchases must be made in order to earn cash back, discounts, or coupons. To take advantage of a deal, simply click the applicable link on the Rakuten website and complete your purchase with the retailer. Cash back accrues to your Rakuten member account and is automatically sent to you via PayPal or check each quarter. With instant discounts and coupons, the purchase price is reduced before you buy, so your rewards balance doesn’t increase.

How does Rakuten offer these deals? Simple: It collects an affiliate bonus, which varies by retailer, on every purchase members make via the Rakuten site. Rakuten keeps a portion of the bonus for itself and passes the rest along to the member. The exact amount Rakuten keeps varies from deal to deal.

How It Works

Creating an account with Rakuten is easy. Simply enter your email address or Facebook login, click the verification link in the email that appears in your inbox, and create a password. Once you’ve created an account, you can start seeking and taking advantage of offers.

Website Cash Back

The Rakuten homepage displays an array of retailer-specific deals (called “panels”), and the cash-back amount offered by each. When you click on a panel, you’re shown a host of details, including the specific products you can get cash back on, the amount of time remaining for the deal (if applicable), quantity restrictions, and other caveats or limitations. You can also use the onsite search feature to find specific products or retailers, or browse categories and subcategories displayed on the homepage.

While most cash-back offers apply to direct product or service purchases, others cover coupons purchased through social deal sites like Groupon and Living Social. These offers allow you to get cash back when you purchase the coupon in addition to the coupon’s advertised discount.

To earn cash back, you must sign in to your Rakuten account, click the outbound link in your chosen deal listing, and make a purchase without navigating away from the retailer’s website. If you navigate away and return later to complete your purchase, Rakuten doesn’t earn its affiliate payment and thus can’t offer cash back on the purchase.

Rakuten Button

All Rakuten members are eligible to download the free Rakuten Cash Back Button, a browser plugin that eliminates the need to sign in to your Rakuten account.

The Rakuten Cash Back Button automatically notifies you of cashback opportunities on Rakuten’s retail partner websites. The plugin offers a search box for finding products, and when cash back is available, a small Rakuten logo is visible next to the results. Depending on the retailer, cash back is either automatically activated as soon as you visit the retailer’s website or after you click an orange “Activate Cash Back” link.

In-Store Cash Back

Rakuten offers plenty of opportunities to earn cash back in-store too. To qualify, you need to navigate to the corresponding in-store cash-back panel on your Rakuten mobile app, follow any purchasing instructions, and present your device at checkout for verification. Some merchants offer buy-online, pick up in-store deals for added convenience.

Since in-store cash-back offers are often tied to clearances or seasonal sales, they may be more time-sensitive than online-only deals. Plan accordingly.

Tracking Cash Back

Your Rakuten account dashboard tracks all shopping sessions initiated through Rakuten or the Rakuten Button during the past three months. If you suspect a particular transaction failed to post cash back to your account, you can check your dashboard to see if the transaction was logged and, if so, contact Rakuten to find out what happened.

A transaction’s actual cash-back value can take as few as one or two days to appear in your account, or longer than 30 depending on the retailer and the time of your purchase.

Once earned, cash back never expires. If you return an item whose purchase earned cash back, Rakuten reduces your account balance by the cash-back amount.

Cash-Back Payouts

Rakuten issues quarterly payments for cash-back credit, either as a mailed check (dubbed a “Big Fat Check“) or PayPal deposit. You can also send your Big Fat Check to a recipient of your choice. Payouts come 45 days after the end of the quarter:

  • January 1 to March 31: May 15
  • April 1 to June 30: August 15
  • July 1 to September 30: November 15
  • October 1 to December 31: February 15

To be eligible for a payout on the upcoming payout date, you need to have at least $5 in your account on the last day of the quarter. Smaller balances roll over into the next quarter.

Instant Coupons

In addition to cash back on purchases, Rakuten offers instant discounts through exclusive coupons on individual products or product categories. There are more than 10,000 coupons active at any given time, though many apply to different products from the same retailer. Some coupons are paired with cash-back offers.

Each listing shows the retailer and product to which the coupon applies, the coupon code to enter at checkout (if applicable), the available discount, and any restrictions or limitations.


Key Features

The opportunity to earn cash back on everyday purchases is what brings most shoppers to Rakuten, but the site also has these value-added features:

Sign-Up Bonus

New Rakuten members are eligible for a sign-up bonus worth $40 payable as a gift card to Walmart or a cash bonus to your Rakuten account. To earn the bonus, you must spend at least $40 through Rakuten within 90 days of becoming a member.

Rakuten Cash Back Visa Credit Card

The Rakuten Cash Back Visa Credit Card is a branded Visa cash-back credit card that pays 3% cash back on most purchases made through Rakuten, including in-store cash-back offers and most travel purchases. All non-Rakuten purchases earn 1% cash back. You also get a $10 cash bonus after your first card purchase.

Mobile Apps

Rakuten has responsive mobile apps for iOS and Android. These apps are the best way to take advantage of coupons for in-store purchases. Simply display the coupon on your phone or tablet at checkout.

Customer Support

If you can’t find the answer to your question in the FAQ section, there’s a support ticketing system that typically produces a response within one or two business days. Rakuten doesn’t publicize a customer support phone number.


Advantages

  1. Highly Functional, Mobile-Friendly Website. Rakuten’s website runs smoothly and is mobile-friendly. Some competing platforms are dogged by frustrating website errors or poor mobile functionality.
  2. Plentiful Instant Discount Opportunities. Rakuten features thousands of active coupons at any given time. Some are good for discounts on specific products, while others cover broader product categories. Some retailers appear to use Rakuten coupons to clear seasonal inventory. By comparison, TopCashback hardly has any instant deals or coupons, a major drawback for shoppers who want immediate discounts.
  3. Cash Back Credit Card Offers Another Way to Earn. The Rakuten Cash Back Visa credit card offers 3% cash back on purchases made through Rakuten. It also comes with a $10 sign-up bonus and 1% cash back on all other purchases, similar to the Chase Freedom card and other popular cash back credit cards. Some competing cash back websites omit credit card options, disadvantaging reward-seeking consumers with above-average credit scores.
  4. Nice Sign-Up Bonus. Rakuten offers up to $40 simply for signing up and making qualifying purchases during the first 90 days.

Disadvantages

  1. No “Highest Payout” Guarantee. Rakuten has a lot of competitors that offer deals and discounts with the same retailers. TopCashback has an expansive “highest cash back” guarantee that essentially promises to beat any nonsubscription competitor’s posted deals. If you’re looking for such a guarantee, Rakuten isn’t the shopping discount or cash-back platform for you.
  2. Pushy Sign-Up Prompts. Nonmember visitors to Rakuten are inundated with frequent popups advertising the company’s sign-up bonus. Since the ad is embedded in the site itself, it’s immune to most popup blockers. Though all competitors pressure nonmember site visitors to some extent, Rakuten is probably the most insistent.
  3. Quarterly Payments Can Be Inflexible. Rakuten’s infrequent cash-back payout schedule is a major drawback for shoppers who count on cash back to provide breathing room in their monthly personal budgets. You get paid a maximum of four times per year, regardless of how much you shop or earn.
  4. Payments Only Come by Mailed Check and PayPal. Rakuten only pays out by mailed check or PayPal. Its competitors tend to be more flexible – some offer Amazon credits, for example.

Final Word

Rakuten is a great resource for shoppers who want to get more for less. If you’re a regular online shopper, there’s little downside to creating a Rakuten account and keeping tabs on the site.

Then again, Rakuten and its fellow online cash-back sites don’t create money out of thin air. They simply put a small portion of the funds you spend back into your pocket. So while Rakuten is great for saving money on items you were already planning to purchase, don’t let it dictate your shopping decisions or encourage impulse buying.

Do you use Rakuten to save money on everyday purchases?

Verdict
Rakuten Logo
4.2 / 5
Rating

Sign Up

Rakuten

Rakuten isn’t the most expansive online cash back and discounts site, but it’s a convenient way to seek out savings on online shopping activities you’d do anyway. That said, it would be nice if Rakuten paid out more frequently and offered more payout options.

A well-designed website, cash back credit card, and the solid sign-up bonus are big pluses.

Limited retailer lineup, inflexible and infrequent payouts, and pushy prompts for nonmembers leave a little to be desired.

Overall, Rakuten is a useful way to earn cash back and discounts for online shopping.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Brian Martucci
Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.

Next Up on
Money Crashers

Leftover Thanksgiving Turkey Sandwich Cranberry

40 Leftover Turkey & Chicken Recipes – Food Ideas That Are Easy to Make

Chicken and turkey are two of the most popular meats in the U.S. But there are always so many leftovers, and eating the same chicken or turkey sandwich gets tiresome. Thankfully, these recipes let you repurpose leftover turkey or chicken into new and exciting meals.
Holiday Shopping Post It Budget Red Ribbon

8 Ways to Handle Gift Giving on a Tight Budget

Between yearly events like birthdays and Christmas and infrequent milestones like graduations and weddings, buying all the gifts you need each year can get expensive. But there are loads of tips and tricks you can use to spend less on gifts all year long.

Popular on
Money Crashers

Sign Up For Our Newsletter

See why 218,388 people subscribe to our newsletter.

What Do You Want To Do
With Your Money?

Make
Money

Explore

Protect
Money

Explore

Save
Money

Explore

Borrow
Money

Explore

Manage
Money

Explore

Invest
Money

Explore