Update 12/20/20: Available again.
Update 11/30/20: Deal is back at the 90% level.
Update 11/26/20: Deal got better now with 100% back, highest ever. (It’s also a good time to signup now for Rakuten at $40 signup bonus.) Hat tip to reader Brick
Update 11/12/20: This is back again, as well as the $20 Chase Offer/Bank Amerideal. Hat tip to FM
Update 10/14/20: This is back. There is also a Chase offer / Bank Amerideals for $20 back, making it even better. Hat tip to Matthew
The Offer
- Shopping portal Rakuten/eBates is offering 90% cash back on LifeLock purchases
Our Verdict
Rakuten cashback can be converted into American Express Membership Rewards points. LifeLock Ultimate Plus Plan is the most expensive plan, this will cost $296.90 and you’d earn $267.21 or 26,721 MR rewards points. This works out to be 1.11¢ per point. This turns it into a profitable deal if you cash out via the Charles Schwab Platinum (1.25¢ per point). New Rakuten members can get another 3,000 points for signing up as well.
Personally this is an easy pass for me, too much room for something to go wrong and I don’t really want to have to deal with that for a very slight profit. Others (especially people that value MR points highly) will find this worth doing.
Hat tip to My Points Life via VFTW
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