Last Updated on March 5, 2024 by CreditFred
UPDATE 2/24/2021: Deal is dead! Follow and enable notifications on Instagram, Facebook, or Twitter so you don’t miss out on future deals!
UPDATE 2/22/2021: Rewards posted in my account!
![](https://creditfred.com/content/images/2021/02/betterment_rakuten_posting.jpg)
For a limited time, Betterment is offering $127.50 cashback or 12,750 Amex MR points by signing up and depositing $1 into your account via Rakuten. If you do not yet have an account, you can sign up using link below to earn an additional $20 or 2,000 Amex MR points! For more information and steps to do this, continue reading…
What is Betterment?
Betterment is a tech-driven financial app helping you work towards achieving your goals and building financial wealth! It has 4 main features:
Spend: No-fee Checking account with FDIC insurance, debit card, and ATM + foreign transaction fee reimbursements.
Save: FDIC-insured Savings account. Current 0.4% APY is NOT competitive, check out previous post on best high-yield savings accounts.
Invest: Good for low-balance investors who want a more hands-off approach. However, does come with a small fee for assets under their management.
Retire: Ability to open Traditional, Roth, SEP IRAs and 401(k) plans.
![](https://creditfred.com/content/images/2021/02/betterment.jpg)
Note: Since I already have preferred providers for many of Betterment’s offerings, I do not use it as my main investment vehicle. The main goal is to get the generous Rakuten-linked signup offer.
Steps to Follow:
1. Go to Rakuten.com if you have an existing account, or sign up here using my referral link and get an additional $20 after your first purchase!
![](https://creditfred.com/content/images/2021/02/rakuten-site.jpg)
2. Search for “Betterment”
![](https://creditfred.com/content/images/2021/02/rakuten-search-bar.jpg)
3. Click on “Shop Now” button. Temporarily turn off any Adblock software to ensure your signup tracks correctly.
![](https://creditfred.com/content/images/2021/02/rakuten-betterment.jpg)
4. Sign up and deposit at least $1 into the Betterment Checking account
![](https://creditfred.com/content/images/2021/02/betterment-home.jpg)
![](https://creditfred.com/content/images/2021/02/betterment-checking.jpg)
After deposit has cleared, you should see the cashback or points awarded in your Rakuten account. If you have a linked Amex MR earning card, you will be earning Amex points (I value at 2cpp, so this bonus is roughly worth $300+). Otherwise, you will earn cashback which is paid out every quarter. For more information, see previous post on Rakuten:
![](https://creditfred.com/content/images/2021/01/rakuten-site.jpg)