Disclosure: Our Advertising partners may pay us a small commission if you click on some of the links in this blog post, at no extra cost to you. The Points Pundit receives NO compensation from credit card affiliate partnerships. Support the blog by applying for a card through my personal referral links. This article is meant for information purposes only and doesn’t constitute personal finance, health or investment advice. Please consult a licensed professional for advice pertaining to your situation.
As everyone gears up for shopping on Cyber Monday, brands will bombard us with a plethora of deals. However, there are plenty of deals that we consider as low hanging fruit. One such deal is available on Rakuten. You can get this deal to kickstart your Cyber Monday shopping spree by earning an easy $40 or 4,000 Membership Rewards points.
Cyber Monday Shopping on Rakuten
Just last week, I wrote about how one can maximize discounts and mileage earning by using shopping portals. Rakuten’s offer is unique in a way as it allows you to earn Membership Rewards points.
When you refer a friend, both you and your friend have to opportunity to earn $40 or 4,000 Membership Rewards points. Here’s how it works.
- Sign-up for a Rakuten account by using a refer-a-friend link (Disclosure: This link is my referral link and I greatly appreciate your support for the blog)
- Once your friend signs up using your link and spends $40, both you and your friend will receive the $40 or 4,000 Membership Rewards points bonus. You can choose how you earn your bonus. You can opt for cash back, PayPal or simply link your Membership Rewards points account
- Repeat this as many time as you want. For example, if multiple members of your family are shopping online, simply refer each other in order to double or even triple dip the welcome bonus
Here’s how I used this deal. I already had a Rakuten account. I simply referred my wife, who then purchased gifts for friends last week. Within days, Rakuten posted the bonus to my account and her account as well.
Once you log into your account, you have three options. You can earn Membership Rewards points, transfer cash back balance to your PayPal account or ask Rakuten to send you a check.
The Pundit’s Mantra
Even though I’ve barely traveled this year, I’ve focused on earning miles and points while sitting at home. Obviously, the fastest way to earn miles and points is by signing up for credit card welcome bonus offers. However, if you intend to shop for the holidays, then Rakuten and other shopping portals can go a long way in saving you some money and helping you earn some easy points or cash back.