Financial

A Look at How Rakuten (Ebates) Works in 2025

by Kyle BurbankJun 3, 2025

Since taking an interest in personal finance one site I’ve come across again and again is Rakuten, formerly Ebates. If you’re still unfamiliar, Rakuten is a cashback site — and is the largest of its kind by far, boasting deals from over 2,500 retailers. Its popularity has endured even with the odd Rakuten re-branding and the platform remains one of my most-used money-saving tools.

Since joining Rakuten / Ebates some time ago, I’ve made quite a few purchases, earning cashback each time thanks to the site. This includes both orders made online as well as items I’ve picked up in stores. a

Additionally, there have been plenty of times I mistakenly went directly to a retailer’s website to purchase something, only to be reminded by my Rakuten extension that I should activate an offer — but we’ll talk much more about that in a moment.

With that little preview out of the way, here’s what you need to know about Rakuten and how it could save you money when shopping online and in-store.

Rakuten

Rakuten Review: The Gold Standard for Cashback Shopping Portals

Claim Your $30 Bonus

5

Number of stores featured

More than 3,000

Payout options

Check, PayPal, or Amex Membership Rewards

Minimum payout threshold

$5

Formerly known as Ebates, Rakuten continues to be the leader in online shopping cashback (in my opinion). Although the site doesn’t always have the absolute highest cashback rate 100% of the time, it tends to be up there, especially during double or triple cashback promotions. Plus, Amex customers have the option of earning Membership Rewards points instead of cashback. While quarterly payouts mean you may be waiting to see your rewards, the $5 threshold for payout does make it easy to claim your cash. For those reasons, Rakuten remains my go-to cashback portal despite its growing number of competitors.

Pros

• Cashback at thousands of online shopping sites
• $30 welcome offer
• Payouts via check or PayPal
• $5 payout threshold
• Option to earn Amex Membership Rewards points instead of cash

Cons

• Not the highest cashback rate 100% of the time
• Payouts only come quarterly
• Not stackable with many other cashback portal offers

Rakuten vs. Ebates

As I mentioned, the site formerly known as Ebates has now completed its transition to the name Rakuten. Incidentally the site has been owned by Rakuten since 2014 but it was only a few years ago that they announced the decision to rebrand. While some have suggested that the updated site is lacking compared to Ebates, I can honestly say I notice no difference.

At this point, if you were an Ebates user who hasn’t logged on since the Rakuten rebrand, there’s a chance your account may have been disabled (the terms state that account closure could happen after 36 consecutive months of inactivity). That said, if your account is still there, it will probably still feel familiar to the Ebates experience you used to know — just with an updated logo and color scheme.

How Rakuten Works

Rakuten Site and the Browser Extension

There are two main ways you can find cashback offers with Rakuten: searching their site for deals ahead of time or installing the Rakuten browser extension, which will make it easy to opt into offers as you shop around the web. Personally I actually like to use a combination of the two. 

For example, if I know several retailers will carry the item I’m looking to buy, I might check Rakuten ahead of time to see where I should start my search. As I mentioned there are also times when I get a pleasant surprise when landing on a site and have the Chrome extension alert me to a deal. In either case, you’ll want to ensure that you either click the link on the Rakuten page to visit the site in question or activate the offer using the extension before making your purchase.

Not only does the browser extension pop up when you reach an applicable site but it will also help you find Rakuten deals when using Google. If you search for a product or service and you have your Rakuten extension on, your search results will display little ‘R’ logos above the participating sites and even show you what the cashback offer is for each listing. 

This could be a huge timesaver if you’re choosing a retailer based on Rakuten value alone — however, in some cases, you may still want to ensure that the pricing of the actual item is comparable, lest you overspend on the purchase itself just to earn cashback.

Even when it’s not alerting you to a deal, the Rakuten extension can still come in handy. Clicking on the logo will pop up various at-a-glance info such as your current Rakuten balance, recently visited sites, featured offers, and more. It also gives you easy access to your Rakuten referral code, which we’ll talk about a little later.

Finding Additional Coupons and Codes

Besides the cashback offers, both the Rakuten site and browser extension also list current promotional codes a la Retail Me Not and other such sites. To view these from the extension, just click the ‘R’ when it has an orange background. Alternatively, once again you can search the Rakuten site for the specific retailer and view their coupon offers there.

The Rakuten App

As you’d likely expect, Rakuten also offers a mobile app. Using this application you can view and search current deals just like you would on your desktop computer and even shop from participating retailers through a built-in browser. Alternatively, in some cases, selecting an offer in the Rakuten app may launch another app on your phone. Personally, this happened to me with Expedia, likely because I had their application already installed.

Although I prefer to do most of my Rakuten-ing on my desktop computer (and via the browser extension), having the app is helpful for a few reasons. 

First it will allow you to get push notifications and be alerted to special offer deals. Additionally it can help you easily research deals when you’re on the go — or even compare prices while you’re “showrooming.” Lastly, while you can activate in-store offers via the desktop site as well, it makes much more sense to do so on mobile in my humble opinion.

Earning Your Rakuten Welcome Bonus

While Rakuten’s welcome bonuses can change over time thanks to special offers and such, their standard welcome bonus allows new users to earn $10 cashback. However, in order to earn this, you’ll first need to make a purchase of $25 or more using a Rakuten offer. What’s more, you’ll need to complete this purchase within 90 days of becoming a member. 

The good news is that, given Rakuten’s wide selection of retailers, it shouldn’t be too difficult to find somewhere to shop. Additionally, the requirement of spending $25 is pretty reasonable in my view. Of course, if you are concerned that you won’t find something to buy, you can always wait until you do have an order to place and sign up for Rakuten then to ensure that you can claim your $10 bonus.

Rakuten Referral Bonus

Not only can you earn $10 when you sign up for Rakuten but you can also nab bonuses by referring friends, family, and others to the service. As a Rakuten member, you’ll be provided with a special referral link you can email to friends, share on social media, or — for example — include it in an article. 

When those you refer sign up for the service and earn their welcome bonus (meaning they spend the required amount in their first 90 days), you’ll earn a $25 bonus. Again, while $25 is the standard amount, you may come across increased offers from time to time as well. 

For example, as of this writing in June 2025, the offer is $30 for both you and the person you refer! However, in this case, they’ll also need to spend at least $30 within their first 90 days in order for you both to earn the reward.

As I mentioned, your unique referral link can be found by clicking the Rakuten browser extension button and heading to the “Get $25” (or whatever the current offer is) tab. 

Similarly there’s also a “Refer & Earn” link in the main navigation bar of the Rakuten site. This section of the site will also let you keep tabs on who you’ve invited to join, who’s joined, and who’s made their qualifying purchase. As a result, you can monitor your referral progress and perhaps even nudge your friends along if need be.

How Often Does Rakuten Payout?

Rakuten refers to their cashback payouts as “Your Big Fat Check.” Contrary to what that name implies, you don’t actually have to opt for a check, but can instead have your balance sent to you via PayPal if you’d like. However, in order to cash out, you’ll need to have at least $5 in cashback to claim. Furthermore Rakuten only sends out “Big Fat Checks” on a quarterly basis.

Thankfully, if you don’t end up earning $5 in a quarter, your money won’t disappear — it’ll just roll over to the next quarter, giving you another shot at making enough to cash out.

I should also note that, despite Rakuten asserting that you must have at least $5 in order to receive a quarterly payment, I once got a PayPal payout for less than that amount. This has me wondering if the threshold really only applies to paper Big Fat Checks being mailed out. Regardless I wouldn’t count on getting a payout if you don’t have at least $5, but you may be surprised like I was.

American Express Membership Rewards Points

A few years ago, Rakuten rolled out a new feature that will be of particular interest to certain American Express cardholders. Now users have the option of earning Amex Membership Reward (MR) points instead of cashback. Rakuten currently awards you 1 MR point for every cent in cashback you would get — so, instead of $12.34 in cashback, you would get 1,234 points.

Previously this option was only available to new users but thankfully Rakuten has since expanded the feature. To opt-in, you’ll want to navigate to your My Account page then select “Account Settings.” Then, under “How would you like to get paid?,” you should see an American Express option above PayPal and Big Fat Check. From there you’ll need to log into your Amex account so that it knows where to send you points.

Something to note is that, if you’ve already accrued cashback, it will now be converted to MRs. This wasn’t previously the case, but it seems Rakuten has updated their proceedures on this

Secondly, as Rakuten will remind you again and again when you visit their site, it may still display your earnings in dollars and cents as well as show deals in terms of cashback — but rest assured you are indeed earning Membership Reward points. Actually, at long last, it seems as though the site has finally updated this and will now not only display accrued earnings in MR but will also show offers in terms of “5x” instead of “5%.” It’s amazing that it took this long to update this but, hey, it’s here now.

Finally points will only be paid out on a quarterly basis according to Rakuten’s Big Fat Check schedule, so you’ll still need to be a bit patient. 

Overall I’m really glad this option exists and have personally converted my account. Considering that some travelers who use their MR points to transfer to airlines or other partners report getting 2¢ per point or more in value, this option could prove even more lucrative for Amex customers.

Gift Cards on Rakuten?

For a time, Rakuten was offering cashback on gift cards sold directly on their site. I was actually a fan of this as they had some decent offers. Alas, it seems that this is no longer an option. Instead, when searching for gift cards, I’m directed to third party sites or to the retailer’s page.

Incidentally, if you are looking to purchase gift cards and you’re into crypto, then Fold is a possible contender.

What Else You Should Know About Rakuten

Different Sites May Have Different Restrictions and Exceptions

As you’re browsing the Rakuten site, you may notice that some retailers list a flat cashback amount while others say “Up to X%.” Why the difference? Well, some participating sites may apply different cashback amounts depending on the category while others might exclude certain items altogether. 

For example, you might see that Apple.com offers up to 2% cashback — although, upon closer inspection, you’ll notice that this offer excludes a massive list of products you’d likely be buying from Apple. As a result, I have a hilarious line in my Rakuten balance history that shows me making a $1,618 purchase and earning a whopping $0.38 back (the laptop I purchased was excluded from the deal but the $19 dongle I bought with it did qualify). 

While that may be frustrating, it is actually nice that Rakuten is able to apply cashback to some items in a transaction even if the bulk of your order doesn’t qualify.

Limited Time Increased Offers

Something else to be on the lookout for is limited time offers where the typical percentage that a given retailer offers is greatly increased. This practice was especially prevalent around the holiday shopping season but I still see numerous “double cash back” promotions and the like. To take advantage of these flash sales, I’d recommend opting into emails from Rakuten, as well as enabling push notifications via the mobile app.

Credit Card Rewards

Something else you should know about Rakuten is that any cashback you earn using the service comes in addition to anything you might earn from your credit card rewards. As a result, in addition to the 3% back I earned from using Rakuten to purchase my business cards, I also earned 2% from my credit card. This might seem obvious to some but it’s still worth mentioning for those who might not realize how these two potential benefits work together.

Tax and Shipping

If you go into your Rakuten balance and view your transaction history, you may be wondering why the total amount doesn’t quite match what you actually paid. That’s because Rakuten cashback offers typically do not apply to any taxes collected or shipping costs. So, if you’re trying to compare your receipt to Rakuten, make sure you’re looking at the subtotal before these additional charges are applied.

Rakuten In-Store Offers

While the vast majority of Rakuten deals are for online retailers, they do also have some in-store offers that can be found on their mobile app. Like with Dosh (RIP) and others, you can take advantage of these offers by linking a credit card and using it at a participating location. However, unlike Dosh, it seems you’ll need to activate each offer before attempting to redeem it. 

For the longest time, this was one aspect of Rakuten I hadn’t explored. However that changed a while back when I noticed that both Dosh and Rakuten were offering in-store cash back at Sephora. This gave me the perfect excuse to try out the service and it worked like a charm! In fact, as I had hoped, I was able to take advantage of the Dosh and Rakuten offers at the same time, double dipping on cashback.

Another interesting aspect of in-store purchases in comparison to online ones is that it seems that your grand total is eligible for cashback when you shop in-store. That is to say that, instead of the tax being excluded before determining your kickback like with online offers, my experience would suggest you earn on the full amount. Granted, I’m basing this on only one experience but, if true across the board, it could be a significant factor in determining whether you want to order online or head to a physical store.

I’m also glad to see that Rakuten now also offer in-store deals for some local restaurants. This includes one of my favorite breweries in town. Having checked out several cashback platforms, I can tell you that many of these deals are the ones that also appear on the likes of T-Mobile Dining Rewards, Bilt Neighborhood Dining, and others. Alas, when I went to connect my Bilt card to Rakuten to attempt double dipping there too, I got a notification that I was no longer eligible to earn rewards on Bilt Dining using said card. Thus, you’ll probably want to compare options and decide what makes the most sense for you.

Stacking Deals – And the Last Click Rule

While I was able to successfully use a Rakuten in-store offer and Dosh at the same time and regularly earn credit card rewards alongside Rakuten, there are some cases where you can’t double dip — as evidenced by my Bilt Dining debacle. Another example is, if you use other browser-based cashback tools like PayPal Honey, you will likely need to choose between them. The reason for this is somewhat complicated but boils down to the fact that, due to the way each tool works, one will override the other.

I actually ran into this issue by accident when trying to make a purchase on GoPro. Although I activated an offer on Rakuten, Honey Gold popped up while I was checking out. Unbeknownst to me, that meant that Honey took over and my Rakuten shopping trip was invalided. Making this more frustrating, Rakuten was offering 3% on GoPro at the time compared to the 1% PayPal Honey had. Therefore I’d recommend paying close attention to this and perhaps even temporarily disabling the tool you don’t plan on using for a given purchase to ensure this doesn’t happen to you.

Funny enough, I wrote the above paragraph when this review was first posted — and, more recently, it’s come to light that Honey has done shady things like this. While I haven’t experienced the same from Rakuten, the truth is that, if you do activate Rakuten before checking out, they are the ones that will get credit for the sale. Therefore, if you’re using an affiliate link to support a creator or site, you’ll need to decline Rakuten’s offer and proceed with your purchase.

Final Thoughts on Rakuten-Ebates

After using Rakuten (and Ebates before it) for years upon years now, I can see why the service has become so popular. In turn, this popularity has also allowed it to improve its product by adding retailers, upping its offers, and still dishing out bonuses to new users and those that refer them — not to mention expanding with new features such as its American Express integration. With a convenient browser extension that not only leads you to deals but reminds you about them, it’s also easy to take advantage of Rakuten offers without having to make much of an effort. 

If there’s any real downside to Rakuten it’s simply that you will have to wait for your money, unlike other cashback apps that allow you to cash out as soon as you reach a certain threshold. 

Then again, such restrictions are understandable since any returns made on items that resulted in cashback would negatively impact Rakuten if they had already paid out on those earnings. Additionally, looking on the bright side, this arrangement does give users something to look forward to.

Ultimately, it’s hard for me to come up with a reason why you shouldn’t at least sign-up for Rakuten. Even as someone who doesn’t shop online with super frequency, I was still able to easily earn my $10 welcome bonus (which is currently up to $30 with referral, so even better!). Of course, even if you don’t rack up much, it’s also nice to know you can leave it sitting there waiting until you do earn enough to get your “Big Fat Check” — or perhaps purchase a gift card on Rakuten to help push you over the $5 cashout threshold. 

For all of those reasons, I recommend checking out what Rakuten has to offer and seeing if this cash back-earning service is right for you.

Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. (Note: advertising relationships do not have any influence on editorial content. Advertising compensation allows Fioney to provide quality content for free. All editorial opinions are those of the individual author and/or Fioney.)

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

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