Rakuten Offering 90% Back LifeLock Subscriptions, Stack with $20 Chase Offer
Rakuten has increased its offer for new LifeLock subscription. You can currently get 90% cash back when you go through Rakuten to purchase a new LifeLock subscription, or 90x Membership Rewards points if you have a points account instead. There’s also a Chase Offer for $20 satement credit that can be stacked with the Rakuten cashback, which can make this a moneymaker or just a way to get cheap Membership Rewards points.
Offer
Earn 90% cash back or 90x Membership Rewards points when purchasing a LifeLock subscription through .Cash Back or bonus points will be automatically added to your Rakuten account right away.
LifeLock Offer
There are some things you should keep in mind:
- Cash back is not available on free trials and automatic renewals.
- Cash Back is not available when using coupons/promotional codes not found on Rakuten.
- Cancelling a subscription within 60 days of sign up will void Cash Back.
The Math
You can buy the cheapest subscription and use a $20 cash back offer from Chase. The cheapest option is $99.99. That would earn you $90 cash back or 9,000 Membership Rewards through Rakuten. If you pay with an eligible Chase card, you will save $20 if you have the LifeLock Chase Offer that is available through 11/27/21. You would be buying points at a price of 0.89 cents each. You can redeem through Schwab for 1.1 cents or get even more value than that through travel partners.
Then there’s a second option. You can go for the most expensive subscription of $491.88. You would earn $442.69 or 44,269 Membership Rewards points. If you use a card like Blue Business Plus, you also get 2X per dollar you spend for an additional 984 points. That’s a total of 45,253 points. With this option you are buying points at 1.09 cents each. That’s not a great rate if you are just planning to cash out through Schwab.
Rakuten $40 Signup Bonus
Guru’s Wrap-up
We see sometimes a 100% cash back offer from Rakuten for these LifeLock subscriptions. With 90% cash back it can still make sense, but I would probably just wait until the better offer comes around.
If you don’t have a Rakuten account, then this is a good time to sign up as well. You can get a $40 signup bonus.
HT: FM
