Published on February 11th, 2020 | by Chuck35
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