Ebates is Allowing New Members to Earn American Express Points
We always encourage readers to make sure they’re getting points or cash back from online purchases. And Ebates is one of our favorite cashback shopping portals, offering a percentage of your purchase price back depending on where you’re shopping.
Well, it just got much sweeter. As first reported by Doctor of Credit, Ebates is partnering with American Express and allowing new members to earn Amex Membership Rewards points instead of cash back. So if you’ve got if you would normally earn, say, $20 cashback from purchases, you could get 2,000 Amex points instead.
Unfortunately, this only works for users who aren’t already Ebates members. It seems likely they’ll eventually expand this transferability to existing members, but there’s no guarantee.
But if you haven’t signed up for Ebates yet, now is the time. Head to the promo page and you’ll see an offer to get a bonus 1,500 Membership Rewards points after spending $25 through Ebates.
If you’re already an Ebates member, it’s a bummer to miss out on this promotion. But stay tuned – we’re guessing more news is on the way.
At the risk of sounding hyperbolic, this is huge.
American Express points are some of the most valuable in the world of miles and points. Considering Ebates often runs huge promos with 10% to 15% or more cash back, this could result in a windfall of American Express Membership Rewards points. Just yesterday, Ebates had a one-day special for Valentine’s Day, offering 14% cashback at over 200 retailers. They ran a similar promotion for Black Friday.
It also makes the Ebates credit card a very lucrative way to earn American Express points. The card earns an additional 3% cash back bonus when shopping through Ebates.com – and that’s in addition to whatever bonus the store was already offering. It also gets 3% on travel purchases like hotels, flights, car rentals and more. Being able to push all those earnings into your American Express account could be massive.
This partnership may seem odd at first blush, but it’s actually kind of brilliant. Despite its many positives, one of American Express’ downsides is that it doesn’t have its own shopping portal. So while Chase credit card holders can keep racking up Chase Ultimate Rewards points by routing their purchases through Chase’s shopping portal, there’s no such option with American Express.
This, it seems, is their solution. American Express is simply piggybacking off Ebates to give their cardholders another reason to keep returning to their American Express accounts.
We’re anxious to see whether this partnership expands to existing Ebates members. Regardless, this is an exciting addition to American Express, making it easier to keep earning those valuable Membership Rewards points.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.