A couple of weeks ago Ebates introduced the ability to earn AMEX Membership Rewards instead of cashback. Here’s how it works. 1 cent equals 1 membership reward point. Membership rewards are not only valuable for transfers to Airline and Hotel loyalty programs but also from a cashback perspective.
The Charles Schwab American Express Platinum currently allows you to transfer membership rewards points to your Schwab brokerage account at a rate of 1 membership reward point to 1.25 cents. Using this method, cash back from Ebates is immediately worth 25% more. The only downside to Ebates vs other portals, is the pay out is only once per quarter. For a 25% increase in value, waiting until the end of the quarter is well worth it for me.
In order to sign up, you must use the following link ebates.com/american-express or you can use my referral link. During the sign up process, you have verify that you have a Membership Rewards earning credit or charge card. Right now Ebates has a $25 or 1500 membership rewards point sign up bonus.
HT: Doctor of Credit