Rakuten is providing a pleasant $300/30,000 bonus in the event you clickthrough and get accredited for a Chase Sapphire Most popular card or Chase INK Limitless card. There’s additionally a $150 bonus for the Chase Freedom Limitless card.
The 100k CSP provide is already glorious, and the $300/30,000 is a cherry on high. Personally I’m not eligible for the CSP bonus, however the added $300 addition pushed me over the sting in favor of making use of now for the CIU card. I used to be lucky to get an immediate approval.
Our authentic publish hyperlink | Rakuten CSP hyperlink | Rakuten CIU hyperlink | Rakuten CFU hyperlink
How lengthy will the Rakuten $300/$150 bonuses final?
Nobody is aware of. Portal offers/charges change usually and I’d not be shocked if this will get pulled quickly. (Observe from Will: I think that is a part of Rakuten deal week. This ends on 5/12, however as Chuck factors out it could properly finish earlier than then).
If my spouse clicks by way of my Rakuten account and indicators up for the Chase Sapphire Most popular card, will I get the $300 bonus?
Sure, I’m pretty sure that may work, and there are not any phrases excluding that. Now we have one report confirming this as properly.
There’s all the time an opportunity that in the event you want handbook intervention, an agent can determine the names must match. However the automated system ought to in all probability work high quality. And even the handbook course of will possible not be a difficulty, within the occasion that that you must file a handbook declare for lacking cashback.
Others have identified that you simply’d do higher by referring your spouse to open her personal Rakuten account. That means, you’ll get $40 for referring her, she’ll get $40 for signing up, and she will be able to then do the cardboard utility on her personal Rakuten account. (Observe: some want not having two Rakuten accounts throughout the similar family as it may possibly often elevate flags, see this Reddit thread.)
Can I get multiple Rakuten $300/$150 bonus?
I’d assume you can get no less than one $300 Sapphire Most popular bonus from Rakuten, one $300 INK Limitless bonus from Rakuten, and one $150 Freedom bonus from Rakuten since these are separate gives on the Rakuten portal.
The phrases do state, “Just one money again bonus per Rakuten member account.” I’d interpret that to imply you may’t get two of every, e.g. in the event you received accredited for 2 separate INK card with two separate click-throughs, you may nonetheless solely get one $300 bonus.
After all you’ll solely get the Rakuten bonus if accredited for the Chase card. That’s the harder half.
Do I must undergo the extension or can I click on by way of the web site?
You don’t want to make use of the extension. That point out of the extension is there on each Rakuten cashback web page and isn’t a requirement. You do, in fact, must click on by way of the Rakuten hyperlink on the “Store With out Including” button.
How can I make certain the click-through will monitor correctly?
I not often sweat whether or not a portal will monitor or not, however for this massive $300 bonus I did open a contemporary browser window (I used Safari), logged into Rakuten, after which clicked by way of to the INK card utility. From the cardboard bonus touchdown web page, I took the choice to log into into my Chase account, verified, after which accomplished the applying.
How lengthy will the $300 bonus take to trace?
Myself and others had the cashback present up in our Rakuten accounts as Pending in lower than 24 hours after approval. It’s anybody’s guess what number of weeks it is going to be till the cashback is confirmed; the official phrase is “3-14 weeks”.
What occurs if the $300 doesn’t monitor routinely?
I’d suggest taking a lot of screenshots alongside the best way, particularly of touchdown pages and the cardboard approval. If one thing doesn’t monitor routinely, you’ll have any documentation Rakuten requests of you.
What are the phrases on the Rakuten provide? Do I would like to fulfill the spend?
“Exclusions: Money Again offered by Rakuten, not Chase. Money Again solely accessible for brand spanking new, accredited Chase Sapphire Most popular® Card who hold the account open for at least 3 months after approval. Just one money again bonus per Rakuten member account. Making use of for a brand new bank card could impression your credit score rating.”
There is no such thing as a spend requirement for the Rakuten bonus, simply the cardboard approval and conserving the cardboard open for 3 months.
Will I get a 1099 from Rakuten or from Chase for the bonuses?
Chase doesn’t ship out a 1099 for signup bonus earnings since that’s thought-about a rebate on the spend. The Rakuten $300 bonus is trickier since there isn’t a spend requirement.
If somebody will get $600 or larger in bonuses Rakuten may ship out a type 1099-MISC, e.g. if somebody does two $300 Chase bonuses with Rakuten or in the event that they do the $300 Chase bonus and the $375 SoFi bonus.
Most Rakuten bonuses are cashback on the acquisition and are in all probability thought-about rebates and never taxable.
If somebody has lower than $600 in Rakuten bonuses throughout calendar 12 months 2025 (we’re not counting right here portal cashback on purchases), they’d not must ship you a 1099-MISC. That mentioned, Rakuten can determine to ship one in the event that they select. They would wish your tax ID, so I’m not totally certain how that might work.
One other consideration is that in the event you go for Paypal cost, you may get a 1099-Okay from Paypal. That’s longer dialog – learn extra about that in our publish right here. (Again in 2022 we had an information level indicating that Paypal didn’t rely Rakuten funds towards the 1099-Okay reporting threshold. YMMV.)
Those that obtain their Rakuten cashback through verify won’t have this Paypal angle to consider.
General I’m optimistic that those that earn lower than $600 won’t get any 1099s. There’s even an opportunity that this bonus will get lumped with most different Rakuten exercise that are rebates and never 1099-able, and these bonuses won’t find yourself getting a 1099-MISC from Rakuten or a 1099-Okay from Paypal.
As all the time: getting a 1099-MISC or a 1099-Okay doesn’t have an effect on whether or not you do or don’t must pay taxes on the bonus.
What occurs if my card utility goes pending?
For pending purposes, the best way it will work is that after the account will get accredited (through the usual approval course of or through reconsideration) it ought to then present up as Pending in your Rakuten account.
Can I get the Rakuten bonus AND the referral bonus?
Nope.
The Rakuten bonus is $300 whereas the referral bonus is 10,000 factors, and so most individuals will want the Rakuten bonus. With sure gives folks have been capable of finding methods working the hyperlinks and getting each a portal and a referral hyperlink to stack. Within the case of this bonus Reddit stories point out this isn’t potential.
