Rakuten Review: Best Cash Back Platform

7 Oct, 2022

If you're looking for a way to save money on your online shopping, Rakuten is a great option. Rakuten is easy to use and offers cash back on everyday purchases from a wide variety of stores. However, Rakuten is limited to online shopping and has a minimum Cash Back threshold that may not be suitable for everyone.

Rakuten Overview

What is Rakuten?

Rakuten is Japanese eCommerce and online shopping company founded in 1997. Rakuten has expanded globally and now operates in 30 countries. In 2018, Rakuten was ranked #3 in the world in terms of total revenue.

Rakuten offers a wide variety of products and services, including groceries, electronics, fashion, home furnishings, and more. Rakuten also has its own marketplace, similar to Amazon or eBay. Sellers can list their products on Rakuten and buyers can purchase items directly from sellers or through Rakuten's marketplace.

Rakuten is known for its cashback rewards program. When you shop at a participating store through Rakuten, you earn a certain percentage of your purchase price back in the form of a Cash Back rebate. For example, if you spend $100 at a participating store, you may earn $10 back in Cash Back rebates. You can redeem your Cash Back rebates for gift cards or cash (PayPal or bank transfer).

How Does Rakuten Work?

When you sign up for a free Rakuten account, you'll be able to start earning Cash Back on your online purchases right away. Simply find a store that you'd like to shop at through the Rakuten website or app and click on the link to be redirected to the store's website. Once you're on the store's website, simply make your purchase as normal. Your Cash Back will be automatically credited to your account within 48 hours and can be redeemed once it reaches $5 (US dollars).

There are over 2,500 stores available through Rakuten, so you're sure to find one that fits your needs. And with new stores being added constantly, there's always something new to explore!

What are the Benefits of Using Rakuten?

There are many benefits of using Rakuten when shopping online:

You can earn cash back on everyday purchases: Earn money back on things you were going to buy anyway! It's simple: Shop through Rakuten at your favorite stores and earn Cash Back rebates on every eligible purchase;
There's no limit to how much Cash Back you can make: There is no limit to how much Cash Back you can make with Rakuten.
You can choose how you want to receive your Cash Back: Redeem your Cash Back for gift cards or cash (PayPal or bank transfer).
Get exclusive coupons and deals: Get access to exclusive coupons and deals from top brands.
Earn points while you shop: In addition to Cash Back rebates, many stores also offer points that can be redeemed for even more savings.
Refer friends & family and get bonus cash: Share your love of easy savings with friends and family! Every friend who signs up using your referral link and completes their first qualifying activity will get both $10 bonus cash.

Earnings depend on the store and the purchase. Some exclusions apply.
Rakuten has the sole discretion to determine whether a purchase is eligible for Cash Back.
Gift cards are subject to each store's terms and conditions.
Coupons and deals may be subject to change without notice.
Points are awarded by the store and can be redeemed for store-specific rewards.
A qualifying activity is defined as online purchase of $25 or more made within one calendar year of signing up for a Rakuten account.

Rakuten Pros:

1. Easy to Use

Rakuten is one of the easiest cash back sites to use. All you have to do is create an account and start your shopping. Rakuten will automatically track your purchases and apply any available cash back rewards.

2. Cash Back on Everyday Purchases

Rakuten offers cash back on a wide variety of everyday purchases. You can earn cash back on groceries, gas, travel, and even online subscriptions. Rakuten makes it easy to save money on the things you already buy.

3. A Wide Variety of Stores and Deals

Rakuten partners with over 2,500 stores, so you're sure to find deals on the things you need. Rakuten also offers a wide variety of coupons and promo codes, so you can save even more money on your purchases.

Rakuten Cons:

1. Limited to Online Shopping

Rakuten is a great way to save money on online purchases, but it is limited to online shopping. Rakuten does not offer any deals or discounts for in-store purchases. This can be a downside for people who prefer to shop in person or who do not have access to a computer or the internet.

2. Minimum Cash Back Threshold

Rakuten has a minimum cash-back threshold of $5. This means that you must earn at least $5 in cash back before you can redeem your rewards. For some people, this may take a while to reach if they are only making small purchases.

3. Country-Specific Stores and Deals

Rakuten is available in many different countries, but some stores and deals are specific to certain countries. This can be frustrating for people who live in countries where not many stores are available or who do not have access to the same deals as people in other countries.

Rakuten Bottom Line:

* Rakuten is a great way to save money on online purchases

Rakuten is a great way to save money on your online purchases. By signing up for Rakuten and using it to shop at your favorite online stores, you can earn cash back on your purchases. Plus, Rakuten offers a wide variety of deals and coupons to help you save even more money.

* Rakuten is easy to use and offers a wide variety of stores and deals

Rakuten is very easy to use. Simply sign up for an account and start shopping at your favorite online stores through the Rakuten website or app. You'll automatically earn cash back on your eligible purchases, and you'll also have access to exclusive deals and coupons from a wide variety of stores.

* Rakuten is limited to online shopping and has a minimum cashback threshold

One downside of Rakuten is that it's limited to online shopping only. Additionally, you'll need to reach a minimum cashback threshold before you can withdraw your earnings (which is typically $5). However, these are relatively small drawbacks considering all the money you can save by using Rakuten.

Conclusion

Rakuten is a great way to save money on online purchases. It is easy to use and offers a wide variety of stores and deals. While it is limited to online shopping, it is still a great way to get cash back on your everyday purchases.