No annual fee and 4% cash back on Rakuten purchases

Rakuten, one of the most popular cash shopping platforms, has announced the American EXPress® card, a cash credit card with no annual fees and an attractive reward rate:

• 10 % cash on Rakuten Ding (this includes 5 % that you receive as a member of the two Rakat)

• 4 % cash again on Rakuten purchases on up to $ 7,000 each evaluation year (this is in addition to any other money you may receive by shopping through the Rakuten platform)

• 2 % cash on grocery stores and other restaurants

• 1 % cash recovery on all other eligible purchases

The Rakuten AmeX card has been barely announced, so there are still some minute details to get to know and consider, such as how to recover your cash rewards. However, at a glance, it looks like a decent credit card for Rakuten (free to join).

Let’s dismantle some of the benefits that we know, as well as some potential privileges.

The Rakuten AmeX credit card does not contain annual fees, making it an affordable option for people who use Rakuten regularly.

Related to: The best credit cards without annual fees

The Rakuten Amex Card is offered:

• 10 % cash on Rakuten Ding (this includes 5 % that you receive as a member of the two Rakat)

• 4 % cash again on Rakuten purchases on up to $ 7,000 each evaluation year (this is in addition to any other money you may receive by shopping through the Rakuten platform)

• 2 % cash on grocery stores and other restaurants

• 1 % cash recovery on all other eligible purchases

For most people, the most important part of this reward rate will get an additional 4 % on the Rakuten purchases, up to spending in the 7,000 -dollar calendar year. If you are already using Rakuten, this represents an additional 4 % cash recovery ($ 280), you can earn every year on your qualified purchases. Better, all this is in addition to what you may already gain through the platform itself.

For example, if the retail seller offers 15 % cash through Rakuten, you can earn it by 15 % in addition to another 4 % of this credit card, compared to 19 % cash recovery.

Note that you can also earn a $ 25 welcoming bonus after spending $ 500 in the first 90 days. This is very low compared to similar cash credit cards.

The Rakuten Amex card will work on the American Express Card Card, which provides the owners of cards access to AmeX offers, AmeX devices, and some retail protection, such as purchase protection and expanded guarantee coverage. Although these benefits are not a pioneer, they can definitely be useful.

It is not quite certain how card holders can recover their monetary rewards, but we can speculate. Rakuten currently offers these cash recovery options to its members:

The Rakuten Amex Ambersip Rewards option has always been on a secret or attractive way to earn AmeX points without using the American Express credit cards (American Express that earns membership bonuses for this redemption option, but you do not need to use this card to make purchases Rakuten). If this is an option to recover for the gained cash reference with the Rakuten Amex card, this will make the card more attractive to many people.

If the Rakuten Amex Card is not logical to you, think about these cash card alternatives.

Rakuten was founded in 1999, a cash shopping platform online in the first place. You can use Rakuten to earn money from your online purchases and some shopping operations inside the store. You don’t need to change much about your shopping experience, just use the Rakuten platform to start online shopping journey or connect your credit cards for a trip inside the store, then earn money on qualified purchases.

Rakuten is free to join. The company earns money by bringing customers to different retailers, so it’s not as if you were paying more to use Rakuten; It is retailers who advance the bill. After using Rakuten personally for many years, I find it an easy and comfortable way to get a simple discount on many of my online purchases. In some cases, it is an excellent way to earn a lot of money or American Express rewards.

The editorial examination: No review or approval of the information in this article has not been reviewed or approved. All opinions only belong to Yahoo’s funding, not the opinions of any other entity. Financial products details, including cards and fees prices, are accurate from the date of publication. All products or services are provided without guarantee. Check the bank’s website to obtain the latest information. This site does not include all offers currently available. The degree of credit alone does not guarantee or guarantee the approval of any financial product.