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This popular promotion is back again: Get 95% cash back on LifeLock subscriptions via Rakuten (formerly known as Ebates). It's pretty appealing anytime you can get 95% cash back on a purchase. But this promotion gets even better because Rakuten members can choose to receive rewards as American Express Membership Rewards instead of cashback.
That means you can earn 95X Membership Rewards points through this promotion — which makes this a spectacular deal. Here are the details of this offer, which is even better for new Rakuten members.
What is Rakuten?
Rakuten — which some may know better as its former name, Ebates — is an online shopping portal that offers cash back on certain promotions when you click through its website before making purchases. If you're not familiar, we have an introduction to shopping portals here. They're a great way to earn extra cashback or points on things you're already buying anyway.
Your choice: Cashback or Membership Rewards points
What really makes Rakuten awesome is that you can choose whether you want to receive your earnings as cash back or as American Express Membership Rewards. If you use these points wisely, they can be worth much more than the 1¢ cashback you'd otherwise earn through Rakuten. For reference, AwardWallet users typically redeem their Amex points at 2.14¢ apiece.
Even if you want cash back, your Membership Rewards earnings can become even more valuable than one cent each. That's because those who hold the American Express Platinum Card® by Charles Schwab can cash out their Membership Rewards points at 1.1¢ per point. Eligible cardmembers can opt to earn Amex points, then transfer those Amex points to Schwab to convert into 1.1¢ in cashback.
Rakuten new member bonus
If you've never signed up for Rakuten before, you're in luck. Rakuten is offering a new member bonus for those that have never had an account before. Right now, the public bonus is $10 cashback — or 1,000 Membership Rewards points if you opt to earn points instead.
However, you'll get a much better $30 welcome bonus (or 3,000 points) if you sign up through a referral link. To earn your $30 cashback bonus, all you need to do is:
- Create a new Rakuten account via an existing member's referral (If you need a referral, here's a referral link).
- Spend at least $30 on Rakuten Shopping Trips within 90 days of opening your account.
Once completed, the $30 bonus will appear under the “Earnings Balance” section of your Rakuten account within a couple of days.
Rakuten Promotion for 95% Back on LifeLock
Today only, Rakuten members can take advantage of a popular promotion that's back again: Get 95% back on new LifeLock subscriptions when you first click through the Rakuten portal. Click here to take advantage of this deal.
- Offer can be stacked with new member offers from Rakuten.
- Earnings will be forfeited if your LifeLock membership is canceled within 60 days.
- Not applicable to free trials or automatic renewals of existing accounts.
- Portal earnings are not available when using promotional codes or coupons not found on Rakuten.
- At present, there is no end date listed on the promotion.
How much does LifeLock cost?
LifeLock offers three different paid plans ranging from $9.99 to $23.99 per month for the first year. However, since you're able to get 95% cashback or 95X Amex points through Rakuten, you want to pay as much as possible upfront. So, you'll want to opt for the annual plans — which cost:
- Standard: $89.99
- Advantage: $179.88
- Ultimate Plus: $239.88
With 95% cash back from Rakuten, you earn:
- Standard: $85.49 cash back or 8,549 Membership Rewards points
- Advantage: $170.89 cash back or 17,089 Membership Rewards points
- Ultimate Plus: $227.89 cash back or 22,789 Membership Rewards points
If you opt to earn cash back, your out-of-pocket cost for a yearly membership is just:
- Standard: $4.50
- Advantage: $8.99
- Ultimate Plus: $11.99
However, the much more appealing option for points and miles collectors is the ability to buy Membership Rewards points for just 1.05 cents each — and getting identity and credit monitoring service to boot!
This offer is about as good as it gets. Those interested in getting LifeLock protection are unlikely to find a better deal than signing up with a 95% rebate through Rakuten. Those interested in simply earning Membership Rewards points are effectively buying points for 1.05¢ each — and getting the service for free to boot!
Even better, new Rakuten members can sign up during this promotion and stack their earnings with the new member bonus.
Are you planning on signing up for LifeLock during this promotion?
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