The Rakuten American Express Card welcome offer is $200 cash back after you spend $2,000 in the first 90 days, up from the usual $100. The card has no annual fee, and the higher offer ends November 13, 2026.
Deal Details
The welcome offer is $200 after $2,000 in purchases in the first 90 days, and it runs only through November 13, 2026. The standard offer is $100.
Here's what the card earns once you have it:
- 4% cash back on eligible Rakuten purchases, online or in store, on up to $10,000 a calendar year, then 1%.
- An extra 5% cash back at Rakuten restaurant partners, on top of the standard 5% Rakuten portal rewards.
- 2% cash back at grocery stores and restaurants.
- 1% cash back on all other eligible purchases.
The card is issued by First Electronic Bank on the American Express network, and Upgraded Points reports it carries purchase protection and extended warranty coverage. If your Rakuten account is linked to American Express Membership Rewards or Bilt Rewards, you can earn points instead of cash back.
How to Take Advantage
- Apply by the end of November 13, 2026, while the $200 offer is live.
- Put $2,000 in purchases on the card within the first 90 days.
- If your Rakuten account is linked to American Express Membership Rewards or Bilt Rewards, you can choose to earn points instead of cash back.
Why This Deal Matters
Upgraded Points notes the $2,000 spend requirement is higher than this card has asked for before. The 4% rate is capped at $10,000 a year, so the card rewards people who already route their shopping through Rakuten.
Who Should Apply
This offer suits you if you shop through Rakuten often and can put $2,000 on a new card in 90 days without stretching your budget. If you rarely use Rakuten, the card earns 2% at grocery stores and restaurants and 1% elsewhere, so another card may fit you better.
