Rakuten (Ebates) $40 Welcome Bonus and Referral Code 2022

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by Enoch Omololu

Updated

Advertiser Disclosure

Rakuten (formerly Ebates) is a popular shopping cashback site in Canada and the United States.

In addition to earning cash back when you shop at your favourite stores, Rakuten will pay you up to a $40 bonus when you sign up and $40 for every referral who signs up using your refer-a-friend link.

With more than 2,500 stores listed on Rakuten, getting cash back when you shop online has never been easier and I show you how to maximize your earnings below. You can also read my detailed Rakuten review.

Register for:

rakuten

How Does Rakuten Work?

The Rakuten website or app is easy to use. To earn cash back, simply:

  • Visit Rakuten (Canada or the United States) and sign up. It takes less than 3 minutes and it is free to join.
  • Whenever you need to make a purchase online, start at Rakuten to find your favourite store and click to proceed to their website.
  • Shop as usual and Rakuten will automatically credit your account with cash back.
  • For even more money in your pocket, share your referral link or code with your friends and get up to a $40 cash bonus per friend who signs up for Rakuten.
  • Cash out your earnings via check in the mail or by PayPal.

People often forget to shop using Rakuten and hence do not maximize their potential cash back earnings. This is why Rakuten introduced their browser extension which you can install on Google Chrome.

Rakuten $40 Sign-Up Bonus

Rakuten pays a $5 to $40 bonus when you sign up for a new account using a referral link or code. How much you get depends on where you are located and do your shopping.

For Canadians, sign up here and receive a $30 bonus. For residents of the U.S., sign up here to receive your $40 bonus. Make sure to sign up with the appropriate link and country where you will do your shopping.

Note: The sign-up process is credited to your account after you make your first purchase of at least $40 online using the Rakuten app or website within your first 30 days. It is free money and a bonus on top of the free discount or cash back you earn on your purchase!

JOIN RAKUTEN

Rakuten Referral Program Code and Bonus

Rakuten has a very generous referral program that pays up to $40 per friend that joins Rakuten using your special link or Rakuten referral code. This is an unlimited way to earn cash bonuses even when you are not shopping online.

In addition, your friend also receives a sign-up bonus too. WIN-WIN!

For both of you to qualify for the refer-a-friend bonus, the referral (new member) must make a qualifying purchase via their new Rakuten account of up to $40.

rakuten 40 dollars bonus

What Stores are on Rakuten?

There are so many stores that are partnered with Rakuten, that it is almost certain you can earn cash back whenever you need to make a purchase online. Canadians get access to over 750 stores, while in the United States, the number is over 3,000.

Popular stores include Amazon, eBay, Macy’s, Walmart, Hudson’s Bay, Groupon, Canadian Tire, Home Depot, Sephora, Old Navy, Kohl’s. and thousands more.

There are also offers to earn cash back when you shop in-store, plus several coupons and discounts available. 

Is Rakuten Legit?

Rakuten is a legitimate business that has been around since 1999. They have helped over 10 million members earn over $1 billion in cash back rewards. The company has an A+ rating from the Better Business Bureau and they belong to the Rakuten family of companies.

Rakuten currently operates in the U.S., Canada, Korea, and Japan. They are paid commissions by retailers when you shop using the Rakuten app or website. These commissions are what the company shares with its members as cash back.

If you have any questions about your account, simply contact Rakuten customer service via live chat or send them an email.

Rakuten vs Swagbucks vs. Ibotta

Rakuten is just one of the cash back apps I use when shopping. I often combine different rewards apps to maximize my earnings. Other free apps that pay you back on your shopping include:

KOHO ($20 Cash Bonus): The free KOHO app and prepaid card pay you a 0.50% cash back on all your debit/cash purchases. You can also earn a 1.20% interest on your balance! Sign up here to get a $20 sign-up bonus (use referral code CASHBACK). You can also read my KOHO review.

Ampli App ($5 Bonus): Ampli is the cash back app offered by the Royal Bank of Canada. It pays cash back at several participating stores and is free to use. You can get a $5 bonus after joining and linking your first bank card. (use promo code AMPLI5).

Swagbucks ($5 Bonus): This ‘get paid to’ site rewards you for shopping online, taking surveys, playing games, browsing the internet, watching videos, and more. They have paid members more than $731 million so far. Sign up for Swagbucks to get a $5 bonus.

Drop App ($5 bonus): Get the free Drop App and earn cash back when you shop at hundreds of popular stores. You also get a $5 bonus after signing up and linking your first card.

Caddle ($1 Bonus): This is a free cash back app in Canada that pays you to shop, complete surveys, and watch video ads. Sign up here to get started.

Ibotta: This is another popular cash back app that is worth joining. It is only available in the U.S (Android or iPhones). Check out my Ibotta review on Dollar Financials.

Rakuten Referral Code FAQs

What is Rakuten referral code?

When you sign up for a new account, you can get up to a $40 bonus if you sign up using a valid Rakuten referral link. This link automatically applies the Rakuten referral code to your new account and you get the bonus credit after making your first eligible purchase worth $40 or more.

What is Rakuten $40 bonus?

New Rakuten users in Canada and the US can earn a $40 Rakuten bonus when they sign up using the Rakuten links in this article and place their first purchase of $40 or more.

How do I get $40 back from Rakuten?

Rakuten runs various promotional offers throughout the year including opportunities to get a sign-up bonus ranging from $5 to $40. Alternatively, you can get up to $40 from Rakuten by taking advantage of cash back offers when you buy big-ticket items.

What is Rakuten $30 bonus?

When this offer is available, new Rakuten members earn a $30 Rakuten bonus when they sign up using the Rakuten links in this article and place their first purchase of $30 or more.

How do I find my Rakuten referral code?

Log into your account and click on “Refer & Earn” in the menu. You can copy your Rakuten referral link and code here and share it with friends.

Related Posts:

Are there any other cash back apps you use to save money? Leave them in the comments.

Rakuten $40 Welcome Bonus and $40 Referral Bonus 2022
4.8

Summary

Rakuten is one of the most popular cash back sites in Canada and the United States. Get up to a $40 welcome bonus when you sign up here!

Pros

  • Earn cash back on your regular purchases
  • Easy to redeem rewards
  • Easy to use
  • Available in Canada and the U.S.
  • Up to $40 sign-up bonus

Cons

  • Does not have partnerships with some stores
  • Payments are every 3 months

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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