The vast majority of us are trapped at home and many are also trying to figure out how to pinch some pennies. Right now, the popular cash back portal Rakuten has an opportunity for existing members to earn $30 for each new referral. The person you refer gets $30 in cash back when they spend $30, essentially a free $30 purchase.
If you’re not a member of Rakuten (formerly eBates) currently, it makes much more sense to sign up through a referral link right now. Signing up directly with Rakuten earns $10, where you get $30 in cash back from a referral. Once you’ve signed up for Rakuten, you can refer your friends and earn $30 for each friend that signs up and gets their $30 cash back! I’m already a member and would appreciate if you used my referral link to get started. We both win with $30!
Thank goodness I don’t have to pronounce it. Rakuten is one of the most popular cash back portals. We’ve talked frequently here about airline shopping portals as a way to earn more miles. That’s still a solid strategy, but you should also consider cash back, and decide which is the most valuable to you based on current payouts and circumstances. I really like Cashbackmonitor.com to tell me the current payouts for all the different portals. Then, I can decide what’s worth the most for a purchase I need to make.
Rakuten takes seconds to login and click on the merchant you need to buy something from. There are literally thousands of merchants there, pretty much everyone you can think of. Best Buy, eBay, Kohl’s, Sam’s Club, Old Navy, Overstock, Ann Taylor, Nike, Disney, eBags, Groupon, Athleta and over 1,000 more.
Once you click through to the website of your choice, you just shop as normal. You should receive notification from Rakuten within 24 hours of your purchase notifying you that you’ve earned cash back. You’re earning cash back (and a bonus $30) for things you were going to buy anyway.
The promotion runs through May 1st. New members can start referring members as soon as they sign up, so feel free to ping your family and friends to earn some extra cash while we’re all stuck at home. This is the highest referral bonus I’ve ever seen for Rakuten, so this is a good deal for referrers and newbies alike!
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