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Card Economics
Annual Fee
$0
Ongoing Annual Value
$70
First-Year Value Estimate
$79
Net Value
+$70
Card type: PersonalForeign transaction fee: NoneCurrency: American Express Membership Rewards
Rakuten American Express

Rakuten American Express

First Electronic Bank
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Sign-up Bonus

$100 bonus cashback after $1K spend in the first 90 days
Am I eligible?

Earning Structure

5X (extra)Rakuten Dining purchases (5X extra on top of Rakuten Dining 5%, totaling 10X)7.5%
4X (extra)Purchases made through Rakuten (limit $10K in card spend per calendar year; then 1X)6%
2XDining3%
2XGrocery3%
1XAll other purchases1.5%

Highlighted categories return more than 2%, the rate a flat 2% cash-back card pays on everything.

Is this the best card for Rakuten Dining purchases (5X extra on top of Rakuten Dining 5%, totaling 10X)?Is this the best card for Purchases made through Rakuten (limit $10K in card spend per calendar year; then 1X)?Is this the best card for Dining?

Benefits

Protections (2)
  • Purchase Protection — up to $1,000 — Covers eligible purchases against damage or theft for 90 days
  • Extended Warranty — up to $10,000 — Extends manufacturer warranty by up to 1 year, coverage up to $10,000 per item

Other Perks

  • Ability to convert earned cash back to Membership Rewards if you hold another MR-earning Amex
  • Access to Amex Offers for shopping, dining, and travel
  • Access to Amex Experiences for music, entertainment, theater, and more