Rakuten $375 Bonus when signing up for Bank of America Premium Rewards Card (Plus 60,000 Points = $1,025)

Update 10/8/26: Reduced now to $375. Still a solid deal. 

The Offer 

Direct Link to offer

• Rakuten is offering $425 when you click through the portal and signup for the Bank of America Premium Rewards card.
• The regular signup bonus from BofA still applies: Get 60,000 points after spending $4,000 within 3 months. See our full review of this offer in this post. 

If you have your Rakuten set to membership rewards points, you won’t see these card bonus offers. Also note, some people report seeing $400 (not $425). 

Our Verdict

Wow, this becomes a compelling bonus when combining the two bonuses. Despite the $95 annual fee, you’ll still get $425 + 60,000 points which is worth a minimum of $600 cash. And you can use the $100 airline credit and other benefits to offset the annual fee. 

We’ll put future updates to this offer in our main Rakuten/BofA post as well; this is a very strong offer and worth highlighting separately, hence the dedicated post. 

If you are new to Rakuten, check out our post with details on a signup bonus before joining.

Hat tip to readers rana and SG