Rakuten cash back website review (2022). Plus, limited time $30 sign up bonus!

Over the past year, there’s been an increase in the amount of shopping done in Canada. In fact, online shopping has almost doubled to record new highs during the pandemic!

With so much shopping taking place on the Internet, wouldn’t it be great to be rewarded for your online purchases?

Well turns out, the Rakuten website rewards you with cash back!! Whenever you use the Rakuten site to shop online with 750+ retail partners, you’ll receive a percentage of cash back from your purchase.

Some featured retailers include Walmart, Canadian Tire, Sephora, Shoppers Drug Mart and Indigo.ca. For example, I’ve previously written about how Rakuten.ca was offering 4% cash back on online purchases at Indigo.ca in 2020.

Rakuten offers between 1% and 10% cash back

Offers vary all the time but generally Rakuten will offer somewhere between 1% and 10% cash back on purchases with select retailers. Some previous limited offers I’ve seen with Rakuten include 10% cash back with SAIL and 8% cash back with Shoppers Drug Mart!

Also, Rakuten will offer higher cash back (Flash sales) on special occasions throughout the year. Previously, Rakuten has offered 14% cash back on Valentine’s Day, 13% on St-Patrick’s day and 12% on April 1st.

14% Cash Back with Rakuten on Valentine’s Day

So far, I’ve earned up to $130 in cash back with Rakuten just by shopping with partner retailers!

Sign up for Rakuten for FREE and earn a $30 bonus!

It’s quick and FREE to join Rakuten! All you need is your email address and password or you can use your Facebook account. Next, you’ll need to provide your basic personal info (address, postal code & phone) to verify your account. You’re now ready to earn cash back on your online purchases!

Currently, there’s a higher than usual sign up bonus for joining Rakuten. Join Rakuten with my referral link before June 30, 2022 and you can earn a $30 bonus (instead of $5)!!  Thanks for your support 🙂

To qualify for the $30 bonus, you just need to make $30 or more in online purchases (that earn cash back) via the Rakuten website within 90 days of signing up.

Also, you can join via the Rakuten app available on both the Apple App Store and Google Play Store.

How to earn cash back with Rakuten

Earning cash back with Rakuten is quite easy.

  1. Log into the Rakuten cash back website before doing your online shopping
  2. Search and click the retailer you wish to shop with. This will open a new Internet browser tab.
  3. Proceed with your online purchase as normal.
  4. Usually within 48 hours, you’ll see the cash back in your Rakuten account! Note that with some stores it may take up to 30 days to confirm your cash back.

Redeem your Rakuten cash back

Rakuten offers several ways to automatically receive your cash back payment including:

  • PayPal: Deposit your cash back to your verified PayPal account. Don’t have an account yet? Sign up for a new Paypal account and you can get a $10 bonus after spending $5!
  • Cheque in the mail: Rakuten will send a cheque to your mailing address. Make sure to confirm your address before your first payment.
  • Amazon gift certificates: Also, you can redeem your cash cack in the form of an electronic Amazon.ca gift certificates. Rakuten will email instructions on how to redeem your code for credits on Amazon.ca

Also, you can always switch your payment method by signing in to your Rakuten account and going to cash back method to change your settings.

When do you receive your Rakuten cash back?

Rakuten will automatically send out your cash back via your preferred payment method every 3 months. So, Rakuten will send your payment (for purchases posted during the previous quarter) based on the following schedule:

Rakuten payment dates

For example, if you make an online purchase via Rakuten on May 30th, you would then receive your cash back on August 15th.

Note that if you’ve earned less than $5.01 cash back, Rakuten will carry over your cash back rewards to the following payment period. Bonus Rewards do not count toward the $5.01 minimum payment threshold.


Overall, Rakuten is a great website that lets you earn cash back with your online purchases. There are many offers with participating Canadian retailers including Shoppers Drug Mart, Indigo.ca and Walmart.

Plus, it’s fast and easy to sign up for Rakuten to earn cash back on your online purchases. Also, join Rakuten before June 30, 2022 and you could earn a $30 sign up bonus!!! To qualify, you just need to make $30 or more in online purchases via Rakuten within 90 days of signing up.

Once you’ve reached a min of $5.01 cash back, Rakuten will automatically send your payment based on their quarterly schedule. Rakuten offers 3 methods to receive your cash back rewards including PayPal, cheque or Amazon.ca gift certificates.

Finally, if you want to earn a bonus $30 when signing up for Rakuten, don’t forget to use my Rakuten referral link!

Also, check out my Ampli app review to learn about more ways to earn cash back with your purchases!

Have you earned cash back with Rakuten yet? Let me know in the comments below!

Affiliate disclaimer: This review is based on my own personal experience with Rakuten and is not sponsored by them. My blog contains referral or affiliate links. I receive a small commission at no additional cost to you. Thank you for your continued support.

Rakuten is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, please visit the Rakuten website. 

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