Rakuten Credit Card Increasing 4% Earning Cap, Adding $100 Referral

Rakuten has announced that on July 15, 2026 the earning cap on Rakuten purchases earning 4% will increase from $7,000 to $10,000. The change is already in effect for new applicants with the landing page reflecting the new changes. 

In addition they will be launching a $100 referral bonus. The referral bonus will only be interesting if it can be paired with the frequent $200 sign up bonus that is offered. 

Hat tip to michikade

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