Rakuten Amex Card Increases 4% Cash Back Cap to $10,000

Rakuten Amex Card Increases 4% Cash Back Cap to $10,000

The Rakuten American Express® Card is getting a nice improvement starting July 15, 2026. The annual spending cap for earning an additional 4% Cash Back on eligible Rakuten purchases will increase from $7,000 to $10,000.

Purchases that earned 4% Cash Back before July 15 will count toward the new $10,000 cap. However, purchases made before July 15 that exceeded the old $7,000 cap and only earned 1% will not be adjusted retroactively. The higher cap only applies to eligible purchases made on or after July 15.

The higher spending cap is already live for new applicants. You can see it in the terms here.

A $100 referral bonus for the card will be launching soon as well, but it’s now clear if it will stack with the signup bonus.

Guru’s Wrap-up

This is a welcome enhancement for Rakuten Amex cardholders, especially those who do a lot of shopping through Rakuten. 

In other Rakuten news, there’s a triple cash back promotion launching tomorrow and there’s a $50 signup bonus for new users.

HT: DoC