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Rakuten is an online rewards program that enables users to earn cashback on their purchases at affiliated merchants. The platform has a browser extension which members can install to get coupon codes and updates on the latest deals and offers when they are shopping online. Rakuten is ideal for people who already shop online frequently and want to get some rewards from the things they already do.
- High cashback potential – earn up to 40% cash back when shopping at some affiliated stores. On average, cashback tends to be between 3% to 8%.
- Over 2500 partner stores – get cashback whenever you shop at any of Rakuten’s over 2500 affiliated online stores, such as Best Buy and Target.
- 6 different ways to earn cashback – get cashback by using the Rakuten mobile app, using the cash back button, using the Rakuten credit card, and more.
- Sign up bonus – get $10 for free when you sign up for an account on Rakuten and spend at least $25 within the first 90 days of joining the platform.
- Long waiting time for payouts – cashback earned is only paid out to members 4 times per year, or once every quarter, via check or PayPal payment.
- Long waiting time for cashback to clear – some stores may take up to 30 days before confirming your purchase, which could delay your cashing out.
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Compare to Other Cashback Sites
18 ways to earn money – surveys, coupons, cashbacks + $5 sign up bonus
Up to 10% cashback from stores – Walmart, Amazon, Best Buy, JCPenney
Most members can earn an extra $50 – $200 a month using Swagbucks
Get $10 cash back bonus after spending $25 with any of 1000+ brands
Easy to get up to 20% cash back – simply scan your receipt and upload it
Claim your cash back by PayPal or from over 80+ gift card options
How Does Rakuten Work?
Rakuten (previously known as Ebates) is the largest online shopping marketplace helping you to earn cash-backs on your regular online purchases. Rakuten first appeared on the market in 1997 and is striving to shape the way people shop ever since.
Rakuten allows you to;
- Use the Rakuten website or Rakuten app (on iOS or Android) to choose the store you want to shop for.
- Shop like usual and get cashback added to your account
- Get paid via PayPal or with check
How Much Cashback You Can Get for Rakuten Purchases?
What Are Other Ways to Earn With Rakuten?
Rakuten cash-back visa card
Events and double cash back
Who is Rakuten Best for?
Rakuten is designed for Couponers and everyday shoppers who want to earn Cash Back and find deep discounts when you shop. This platform is also best for those who want to save money on things they’re already buying.
How to Sign Up With Rakuten
To get started with Rakuten;
- Go to the website and click join
- Create a secure account by submitting your email and password
- Confirm your email
- Complete your profile
- Get a $10 welcome bonus
- Start using the website
Rakuten Sign Up Bonus
Rakuten offers you a $10 sign up bonus as a cash or gift card to thank you for joining the company. To claim your bonus, first, you need to sign up on Rakuten.com or using a mobile app.
Once you spend at least $25 through Rakuten within 90 days, the $10 bonus will be applied to your account.
Rakuten Partner Stores
The platform partner stores include Sephora, Amazon, Walmart, Hotels.com and 2,500 more.
You may find that some stores are not listed in the Rakuten directory. Amazon, for example, is not listed whereas Target and Walmart are.
Rakuten Features: What Does Rakuten Offer?
Rakuten has a Favorite Stores tab that gives you a list of the stores and cash back percentages. To check whether your favorite retailer is listed, just type in the name of the store in the search bar and click add.
In-store cash back
Rakuten has an In-Store Cash Back feature if you’re not into online shopping. You will need to activate the in-store offer through either the site or the app to use it. You also need to link your credit card so that it can track your purchase.
When you download the extension, Rakuten can track when you’re on a retail partner’s site. It will create a little popup at checkout to indicate that you’re eligible for cashback rewards.
Cashback credit card
With the Rakuten Cash Back Visa Credit Card members, you can earn up to 3% cashback on qualifying purchases through Rakuten and 1% cashback everywhere else Visa credit cards are accepted. You can also get a $10 bonus after your first purchase.
Since each store has some excluded items, it’s important to look through the list before you shop at your favorite stores on Rakuten.
Is Rakuten Free?
Rakuten is free to sign up and use.
If you don’t want to navigate to Rakuten every time, you can always install their chrome browser extension. This way, it will show a popup whenever your purchase is eligible for cashback.
Rakuten Payout Terms and Options?
The company will release the funds from your account to your PayPal or mail you a check quarterly, according to the schedule below.
|Jan 1 – Mar 31||May 15|
|Apr 1 – Jun 30||Aug 15|
|Jul 1 – Sep 30||Nov 15|
|Oct 1 – Dec 31||Feb 15|
Rakuten Reviews: is Rakuten Legit?
Rakuten is not a scam but a legit company that gives you free money when you shop. Rated 4.1 on Trustpilot and 4.3 on Sitejabber, most users described it as a great site that offers great opportunities to earn. Other users also said its customer service is one of the most responsive.
One user even confessed that they’ve never had such a good experience with any online site customer representative. But like other sites, some users said it’s not the best, claiming that they don’t pay great rewards.
Others also commented that their accounts were terminated without reason. That said, Rakuten is a site that you can use to make extra money online. The company also takes all the necessary measures to comply with the General Data Protection Regulations.
What Are the Rakuten Pros & Cons?
- Cashback on regular purchases
- Simple and easy to use
- Great variety of shops to choose
- Offers a referral program
- Offers quarterly payouts
- May encourage impulse buying
How Good is Rakuten Support?
Rakuten features an extensive knowledge center page with frequently asked questions and a help section that you need to scroll to the very bottom of the page to find. They also have a contact us page that operates on a ticket system.
Rakuten Review Verdict: is Rakuten Worth it?
If you are a frequent shopper and would like to earn rewards on your purchases plus bonuses up to $25, Rakuten is definitely worth joining.
However, I recommend using Rakuten to purchase only the products you had planned to buy anyway. Don’t shop just because of a cash-back offer.
Make sure you read the cash-back terms as they usually contain important exclusions of getting the advertised cash-back.
Sites Like Rakuten
|Saving potential||1% to 40%||$50 to $1000||Up to 40%||Up to 40%|
|Number of shops||Over 3500||Not Indicated||Over 5000 stores||Over 4500|
|Best for||Cashbacks and referrals||Surveys,online shopping and referrals||Cashback, deals and coupons||Cashbacks|
Rakuten vs. Swagbucks
Swagbucks is an online Swagbucks is a portal that offers reward points for doing simple tasks online like searching the web and watching videos both sites are simple to sign up for. You don’t need to do anything more than provide your email address.
While Swagbucks provides a range of cashback percentages, from 1% to 25%, Rakuten offers 2% to 25% cashback. Rakuten pays in cash, compared to Swagbucks, which pays in points that can be redeemed for cash or gift cards
Rakuten vs. BeFrugal
BeFrugal is a money-back website that lets you earn cashback rewards when you make purchases through its website, mobile app, or browser extension. Like Rakuten, BeFrugal offers a $10 signup bonus all the time and allows you to earn through cashbacks.
While BeFrugal focuses on cashback amounts, Rakuten often runs double cashback days and other promotions. It also gives between $5-$25 when you refer friends, depending on what promotion they are running. That said, Rakuten offers more deals that are profitable for you and is more reputable.
Rakuten vs. TopCashback
TopCashBack is a cashback website and coupon site that allows you to buy products online through their links and earn cashback on your purchases. Like Rakuten, TopCashBack offers you discount codes, special sales, and cashback when shopping with different retailers.
While TopCashBack allows you to request a payout, assuming the cashback has reached the payable status, Rakuten has a quarterly schedule for receiving any payouts over $5.01. Overall, Rakuten is more robust and reputable among shoppers.
Rakuten vs Ibotta
Ibotta mainly helps you save on your grocery purchases. Ibotta shows you the coupons and offers that you can download to your Ibotta app. After you finish shopping, you need to scan the receipt in order to redeem any eligible offers.
Unlike Ibotta, Rakuten is much more diversified offering you coupons and promotions on various shopping categories.
Rakuten vs Honey
Both Rakuten and Honey offer many of the same features, but your choice depends on what you want to buy and which company offers you a better deal for your needs.
Other Sites Like Rakuten
Alternative Cashback Sites
What is Rakuten?
Today, Rakuten is offering you cash-backs, deals and shopping rewards on the world’s largest selection of products and services.
Is Rakuten legit?
Rakuten isn’t a scam but a legit site that allows you to earn cashback.
Can I use both Rakuten and honey at the same time?
Unfortunately, the programs can’t be layered on top of each other, meaning you can’t use both simultaneously.
How does Rakuten make money?
Rakuten makes the bulk of its money via affiliate marketing. The retailer pays Rakuten a referral fee when you purchase something using Rakuten.
What is Rakuten cashback?
The Rakuten Cash Back Button is a free browser extension that automatically allows you to find cashback, coupons, and deals.
Can I have 2 Rakuten accounts?
No. Each person is limited to one Account.