Posted by Chuck on February 15, 2019
Credit Cards

Published on February 15th, 2019 | by Chuck

61

The Ebates Credit Card just got a lot more Valuable – Earn 3x Membership Rewards for Many Online and Store Purchases

Just moments ago, we wrote about an Ebates – American Express partnership whereby your Ebates cashback gets converted to Membership Rewards point. Each penny becomes 1 point. We noted in the post that, aside from portal cashback, Ebates in-store cashback and referrals cashback just got alot more valuable. I haven’t found this explicit in the terms, but the overall gist indicates that your entire Ebates balance will convert to Membership Rewards point, so I assume this is true.

Reader Ryan has another good point: the Ebates Visa card earns 3% back when you use it in conjunction with the Ebates portal, and 1% back everywhere else. Most online retailers are on the Ebates system, and we now have a roundabout way of earning 3x Membership Rewards points for most (ordinary) online purchases by simply using the Ebates portal. And that’s on top of whatever the Ebates cashback rate is.

Update: Additionally, Ebates in-store purchases also get 3% back. Many popular retailers are available with Ebates in-store cashback program, and you can now get 3x MR points on top of the Ebates in-store earn rate for lots of top retailers. The card also earns 3% back on travel booked online through the Ebates portal.

Just keep in mind a number of caveats:

  • Things like gift card purchases don’t typically trigger Ebates cashback, and I assume are thus ineligible for the 3% earnings rate.
  • You are forcing yourself to using the Ebates portal when other portals may have higher rates.
  • You are dependent on the purchase tracking correctly, else you’ll just get 1% = 1x MR.
  • There is a few month delay from purchase until you’ll get your points.

Also, a reminder again that the Ebates points conversion program is currently only available to new Ebates members.



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Evan
Evan

So does this mean that you always get 3%, even if you don’t get any cb directly from the portal?

Andrew
Andrew

you need to get cash back from the portal to get the 3x.

G
G

Too good to be true. I agree that “You are dependent on the purchase tracking correctly, else you’ll just get 1% = 1x MR.”

Frank

But still seems worth it, no? Assume alternative is BBP for 2x MR. If it tracks only half the time then you’ll earn 2x MR (1*.5 + 3*.5) so as long as you expect it to track >50% of the time then it should be worth doing.

Parts Unknown
Parts Unknown

And time to sign up for the ebates visa…. LOL/24 don’t fail me now

Eric M.
Eric M.

I’d like to see the data point on this because I’m thinking the same thing.

Parts Unknown
Parts Unknown

Doesn’t look good :-\
“Thank you for applying for the Ebates Cash Back Visa® Credit Card. You will receive a response by mail within 7-10 days. Please call 1-855-697-4740 with any questions.”

They pulled TU btw

Larry
Larry

I got a 7-10 day message too. All I did was call in, confirmed my name and SSN to a rep, and got approved.

Lantean
Lantean

Who issues this card? Chase?
Thanks.

Parts Unknown
Parts Unknown

Synchrony

Andrew
Andrew

lot of lol/24 people on reddit getting approved

Jim
Jim

The 3x back is stacked on TOP of the clickthrough rates according to their credit card page (https://www.ebates.com/credit-card.htm). So if the cashback rate is 3% for example, it’s 3 + 3 = 6% back. Really incredible if it pans out.

Danny
Danny

I’ve used ebates for gift card mall and gotten 1%

joE
joE

of if you don’t like gambling you can go with the BoA cashback and get a minimum of 3% at a minimum, up to 5.25% back based on your relationship with no restriction of having to use a portals, this online includes ebay, paypal, and many more online retailers not on Ebates.

Eric M.
Eric M.

A major appeal is that MR are worth more than 3% for many and therefore the eBates card is preferable for those without a BoA Preferred Rewards relationship. I prefer cashback right now so I’d be looking to transfer MR points to my Schwab account for an effective 3.75% back, while I’d only get 3% at BoA.

Chucks
Chucks

I can usually swing 1.4-1.6 cpp for MR when transferred to JetBlue (actually probably 1.55-1.76cpp, as my JetBlue card kicks back 10% of redeemed points) so the card can be attractive even if you do have a BOA relationship.

Information Booth
Information Booth

I already have the current version of the card. If there’s any change to the current terms or I’m allowed to product change to the new version… I’ll report back. John 3:16

DaveC
DaveC

So all the cash I already have in my Ebates portal account can be redeemed for MR once I get this card?

Alex
Alex

Just checked my email and received a preapproval for ebates credit card with $100 sign up bonus after first purchase. Wondering if the preapproval is tied to my current account though, and can’t be used with a new MR account. Might be worth it for others to search their emails for preapprovals to this card, mine was received 2/6/19 if that helps.

Gadget

That’s funny. They keep sending me snail mail & e-mail offers for $30 after first purchase. I was going to list it via #shittychurning on Reddit, but nothing beats a free 2 liter at Walmart or a paint bucket at HD as a supremely crappy signup bonus.

Date: Feb 6th
Subj: “Congratulations, Gadget! You’re Pre-Approved + Get a $30 Bonus”

Terms: 1The $30 First Purchase Bonus will be added to your Ebates Cash Back Account. No minimum purchase amount required to earn your $30 First Purchase Bonus on first purchase with the Ebates Cash Back Visa Signature Card. Purchase subject to credit approval.

I have no clue if the bonus will convert to MR. Be the DP you want to see. 🙂 Good luck!

Alex
Alex

Checking my mail (search “congratulations ebates”) , I’ve gotten lower offers also: lots of $10 offers, $30, $50 offer.. This most recent $100 is the largest and first I’ve seen of its kind.

LDoc
LDoc

DP
I got a pre-approved $100 bonus after one purchase email solicitation on 2/6. I seem to get one of these emails every month. I do buy quite a bit through eBates in dollar volume and not frequency, but not sure if the sign-up bonus amount is tied to purchase volume. I typically use my Amex BBP card for these purchases but may need to rethink.

Alex
Alex

It seems these preapproval offers (there’s an acceptance id) are tied to current ebates account. So unfortunately, at least for now, it seems we can’t get teh $100 bonus along with the MR account. I also have decent ebates dollar volume, but not frequency (mostly use tcb).

LDoc
LDoc

Hopefully, they will roll out the MR scheme to existing eBates account holders.

Staradmiral
Staradmiral

It’s still better for me just to buy gift cards from the grocery store with my amex gold to spend online, amazon, etc.

msb1xr
msb1xr

Wonder if this will keep an MR account open with no MR card now?

Glenn
Glenn

Presumably not. You’d have to store up your eBates without redeeming then link when you got a new card.

Mayo
Mayo

Do a quick math, seems like when other patrol offer >1% compared to the what Ebates offer, it should be more profitable using ATT 2X, assuming value citi points same as MR.
(Math: X-how much you spend, y-cashback rate, z-difference between Ebates and other portal. xy+x*0.03> x(y+z)+x*0.02)

Alan
Alan

Is this card earning 3% cashback to the CARD account or EBATES account? Seems to me it’s the latter…then I don’t see how we can get 3x MR from this card. Only the cashback provided by Ebates will be MR points. Did I get something wrong?

Boji
Boji

The Terms:
Additional Membership Rewards® points at Ebates available to U.S. American Express Card Members with a Card enrolled in the Membership Rewards® program (“Eligible Card Account”) only. Card Members must become a new Ebates member and link their Membership Rewards® program account at Ebates.com/american-express. Card Members must use an Eligible Card Account at checkout to earn Membership Rewards points in their Ebates account. Corporate Cards or accounts are not eligible to participate.

Doesn’t this exclude payment methods other than Amex cards already? Also, I think this is what Amex get in partnering with Ebates.

Bruce
Bruce

I get all the excitement, but when you track things out, at the end of the year, an average person would maybe bank a few hundred extra dollars. Is all the back and forth, mental calculations, and whatever headaches with cash back failing to track really worth all the headache?

Brandon
Brandon

The law of diminishing returns becomes abundantly clearer in the points and miles game. There is always a way to get a few more points, if you are willing to put in more effort. It depends how much work you are willing to do to get a few extra points/cash back.

To answer your question, personally I would take on the little more effort to eek out a few extra points with Ebates.

Kevin
Kevin

I find it to be a fun and stimulating little game (not specific to eBates). As long as you don’t punish yourself for missing out on every point that’s out there, it’s a rewarding hobby.

I guess if the whole thing gives someone literal or metaphorical headaches, they’re in a different boat.

86
86

Well, what’s your time worth?

LDoc
LDoc

I think it really depends on a couple variables. My experience is that eBates is the best cashback site regarding honoring cashback when there is a tracking issue or if you use a non-eBates offer code at check-out. However, I think this has a lot to do with how good of a relationship eBates has with the retail partner. I think some retail partners pay eBates regardless of any tracking or offer code issues, and some scrutinize each purchase.

sloebrake
sloebrake

It also sets the mind up to find opportunities in other places.

Most people don’t do any math in life, the number of tip calculator apps should make my point. Learning how to be organized tracking cash back and do the mental % calculations also bleeds over into other realms, which takes headache out of other places of life.

Kevin
Kevin

The same argument can be applied to cash back/reward cards in general. At the end of the day it is just not going to add up to a significant life changing amount. Nobody is retiring off of these rewards. Only you can decide how much effort is worth it for each program. I prefer a simpler approach of fewer card/programs to deal with at the cost of maybe $50 a year for my spend, which to me is paltry.

Brian
Brian

Man a few years ago this would have just been amazing for me. I’ve had a total of $25,000 lifetime cash back and it would have been 2,500,000 points.

Jags
Jags

And you’ve answered the question why this only is for new eBates members.

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