Ebates/Rakuten now added an option within the online account to switch your cash-earning account to become a Membership Rewards points-earning account instead. It might be possible to switch back from points to cash as well.
To make the change, go to Account Settings > Switch to Membership Rewards points.
This option is especially useful for someone who already has the Ebates credit card tied to their cashback account. Previously, the only option was to cancel the card and signup for a new Ebates credit card tied to a new points-earning Ebates account. Now, you can keep the account + card and just make the switch within the login. Note: prior cashback earned will be paid out in cash; it can’t be converted to points.
One of the most interesting developments of the year was when, back in February, Ebates partnered with Amex to allow the earning of Membership Rewards points instead of cashback. The Ebates credit card got much more interesting then as well.
If you are new to Ebates, consider using my referral link to signup.
Hat tip to padlox