Posted by Chuck on February 11, 2020
Manufactured Spending

Published on February 11th, 2020 | by Chuck

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Rakuten/Ebates 3% Card Will Only Earn 1% At Giftcardmall.com, Giftcards.com, & Raise.com

Ebates/Rakuten just sent out an email to cardholders of the Rakuten credit card that the card will only earn 1% at Giftcardmall, Giftcards.com and Raise.com.

Starting February 15, 2020, Rakuten Cash Back Visa® Credit Card purchases made through Rakuten on GiftCardMall.com, GiftCards.com and Raise.com will be eligible for 1% Cash Back instead of an extra 3% Cash Back.

Due to circumstances unique to the retail card business, Rakuten is no longer able to offer an extra 3% Cash Back for purchases from these stores.

All other benefits remain the same. You’ll continue to earn an extra 3% Cash Back on qualifying purchases made through Rakuten.com, In-Store Cash Back offers, Rakuten Hotels and Rakuten travel.

The card earns 3% when shopping through the portal, on top of regular portal earnings, and it can even be Membership Rewards points if you have that version. But beginning 2/15, the card will only earn 1% at these gift card sellers.

The 3% angle isn’t that huge since there are various other 2-3% cards available. It hits home more for those who use this to earn Membership Rewards; the best alternative would be Blue Business Plus at 2x on up to $50,000 in purchases per year.

Thanks to Tom and Grant for sending this in



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Dan - Legal Bank Robber
Dan - Legal Bank Robber

Goodbye, ole friend.

Pointz
Pointz

Hahahaha. That didn’t last long. Now everyone can get back to grocery store with their Gold.

Str8Shooter
Str8Shooter

I just received this news in my email. Figures, I’m late to this party (received the card in December) and now the nail is in the coffin for most GC purchases! Ugh!

Alex
Alex

The Rakuten account that was attached to my card just recently got converted to MR (maybe a few months ago). Never got around to taking part in this unfortunately.

P
P

How do you get it converted?
The only option I see in my account is to “learn more…” about it but no option to convert.

Alex
Alex

Pretty sure there is DoC and/or frequent miler post explaining the process. But it was easy. You just convert the Rakuten account to MR points. You don’t have to do anything with the credit card itself.

P
P

There’s an article yes but it doesn’t mention how. You’re supposed to be able to go to account settings and switch it but I have not such option in my Rakuten account settings.

Stan
Stan

been waiting for them to bring back the 15%

EDWNY
EDWNY

Welp, it was good while it lasted. The 4X MR on a visa card was so good.

Nick
Nick

“Blue business preferred” -> Blue business plus

Casey
Casey

Can they change the terms and conditions anytime? I’m guessing yes but just curious

Stan
Stan

they just did

Cjrmets
Cjrmets

Yes. But to be fair, you also have the right to SD the card.

Alex
Alex

I tried to find out what you mean by SD but i just cant figure it out… if you mean Sock Drawer, then we may be taking the acronyms too far.

Stephen
Stephen

And here I was hoping for the 15% back. In a way I’m surprised it last so long but also bitter about it.

chirovegan
chirovegan

This blows. We have until the 15th, remember to pay your bill with debit card and then they release the available credit immediately instead of waiting a week.

Str8Shooter
Str8Shooter

How do you use a debit card, by phone? I see no such option on the site.

Quango
Quango

Just did it over the phone but the payment didn’t post yet.

EyesOnThePoints

Dam never knew you could pay over the phone with debit to release credit kin faster. I’ve been doing this method for a strong 8 months and never fing knew that lol. Dam.. Ha…

I want to max out 1 or 2 more times.

So I just call and give them my debit card for payment?

chirovegan
chirovegan

Use the automated phone payment system, the part where the ‘robot’ says ‘we cannot take credit card, but we can take debit card.’

Alex
Alex

yeah but will they process the charge before the 15th and award the 3% or did they send it out today knowing that they wouldn’t so they would only have to award 1%? Im skeptical about making an order right now…

Mark V
Mark V

they usually post pretty quickly; I’m maxing it out one more time

barrytuneup
barrytuneup

actually a big hit for heavy hitters. 4% cash back is 1% more then the portals with the 2% cards. I guess their biz model is showing losses. Lasted a while tho.

Ferris
Ferris

This is the perfect gift for your Valentine this year…it even expires on the 15th.

Abe
Abe

I was thinking of signing up just for the GCs points but I guess they made it easier for me to decide not to.

Parts Unknown
Parts Unknown

This is a killer. Knew it wouldn’t last forever, but damn.

Show Me The Money NOW
Show Me The Money NOW

My Ebates/Rakuten card is constantly and consistently SOCK DRAWER. Synchrony does not have frequent promotions on this card for everyday utility.

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