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Today only: Earn up to 10 Membership Rewards points per dollar (or up to 10% cash back) at hundreds of stores

Dec. 12, 2022
4 min read
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Editor’s note: This post has been updated with the latest information.


Finishing up your holiday shopping? Make sure you click through Rakuten first.

Today only, Rakuten is awarding up to 10 American Express Membership Rewards points per dollar (or 10% cash back) at select merchants during its Green Monday event.

As a refresher, Rakuten is an online shopping portal that allows you to earn either cash back or Amex Membership Rewards points at more than 3,500 popular retailers like Walmart, Best Buy, Home Depot, Saks, ShopDisney and thousands more.

To use the portal, begin your online shopping trip on the Rakuten website, and search for the store at which you plan to shop. You’ll be redirected to the actual merchant website. After you make your purchase, Rakuten will dump bonus rewards into your online account.

Better yet, you can also earn a $30 bonus when you spend $30 through Rakuten if you’re a new Rakuten shopper.

Here’s what you need to know about this deal.

Increased cash back with Rakuten's Green Monday deals

RAKUTEN.COM

The ability to earn up to 10% (or more) cash back is certainly newsworthy, but earning up to 10 Amex Membership Rewards points per dollar can be even better for those who like to travel using their Amex Membership Rewards points.

TPG values Amex points at 2 cents each, on average, when used toward travel. That means you’ll get an effective return of up to 20% toward travel when making purchases during this promotion. So if you’re getting your credit cards ready for holiday purchases, this is the deal for you.

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Related: How to use Rakuten to earn bonus cash back or Amex points on your purchases

Examples of stores that are participating in this promotion of 10% cash back/10 points or more per dollar include. Note that a handful of these merchants are offering up to 15% back.

  • Adidas.
  • Banana Republic.
  • Bass Pro Shops.
  • Bloomingdale's.
  • Bose.
  • L.L.Bean.
  • Macy's.
  • Saks Fifth Avenue.
  • ShopDisney.
  • Sixt.
  • Walmart.

If you have any big holiday purchases on the horizon, these bonus rewards could single-handedly fund your next vacation. After all, with Amex points you can do things like:

Make sure to pay with a credit card that earns bonus points on everyday purchases. Some good options include the Capital One Venture Rewards Credit Card that earns 2 Capital One miles per dollar on all purchases and the Citi® Double Cash Card that earns 2% cash back on all purchases, 1% when you make a purchase and 1% when you pay.

Related: How to redeem American Express Membership Rewards for maximum value

Stack your Saks Fifth Avenue credit

On top of all that bonus cash back or extra points, remember that The Platinum Card® from American Express offers a ton of different perks including a statement credit of up to $100 per year at Saks Fifth Avenue.

The credit is divided into two $50 statement credits, one valid from January through June and the other from July through December. Enrollment is required.

If you haven’t used your $50 credit through the end of December 2022, this presents a wonderful opportunity to do so. This allows you to “double or triple-dip” because you can use your $50 statement credit and also earn bonus rewards for the purchase. Just make sure to place your order quickly as you might not be charged until the order ships.

Related: Best credit cards for online shopping

Bottom line

Today only, Rakuten is allowing members to earn up to 10% cash back — or even better, up to 10 Amex Membership Rewards points per dollar spent.

Between this excellent earning rate and the $30 refer-a-friend bonus, you could conceivably earn enough points for free flights to your next vacation spot with surprisingly little effort.

Additional reporting by Andrew Kunesh, Ehsan Haque, Summer Hull and Kyle Olsen.

Featured image by OSCAR WONG/GETTY IMAGES
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

Best for the well-traveled foodie
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review
Apply for American Express® Gold Card
at American Express's secure site

Rewards

3 - 4X points
4XEarn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S.
4XEarn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3XEarn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

Intro offer

60,000 bonus points
Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

Annual Fee

$250

Recommended Credit

670-850
Excellent/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

There's a lot to love about the Amex Gold card. It's been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) and U.S. supermarkets. If you're hitting the skies soon, you'll also earn bonus points on travel. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there's no reason that the foodie shouldn't add this card to their wallet. Enrollment required.

Pros

  • 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x)
  • 3x on flights booked directly with the airline or with Amex Travel
  • Welcome bonus of 60,000 points after spending $4,000 in the first six months

Cons

  • Weak on travel outside of flights and everyday spending bonus categories
  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber/food credits
  • Few travel perks and protections
  • Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
  • See Rates & Fees
Apply for American Express® Gold Card
at American Express's secure site
Terms & restrictions apply. See rates & fees
Best for the well-traveled foodie
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

4XEarn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S.
4XEarn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3XEarn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Intro Offer
    Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

    60,000 bonus points
  • Annual Fee

    $250
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent/Good

Why We Chose It

There's a lot to love about the Amex Gold card. It's been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) and U.S. supermarkets. If you're hitting the skies soon, you'll also earn bonus points on travel. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there's no reason that the foodie shouldn't add this card to their wallet. Enrollment required.

Pros

  • 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x)
  • 3x on flights booked directly with the airline or with Amex Travel
  • Welcome bonus of 60,000 points after spending $4,000 in the first six months

Cons

  • Weak on travel outside of flights and everyday spending bonus categories
  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber/food credits
  • Few travel perks and protections
  • Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
  • See Rates & Fees