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Rakuten vs Greenlight

Rakuten is a good cash-back tool for online shoppers. How does it compare to Greenlight? Read our comparison chart below.

Rakuten saves you money through its cash-back rewards and coupons. It is a free cash-back website with iOS and Android mobile apps, and is also available as a browser extension. Confirmed cash back, bonuses, and other rewards are paid out once every quarter by check or PayPal.

While Greenlight is a comprehensive banking app for kids of all ages. It includes a debit card, savings with APY, allowance for chores, financial literacy games, and even investing for kids. Plans range from $5.99 - $14.98 per month for up to 5 kids.

Compare Rakuten with Greenlight, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Greenlight
 Learn MoreVisit Site
 

Rakuten

Greenlight

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

 

Benefits and Features

Minimum Age 
No minimum age requirement
Savings 2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family
Checking Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases
Kids Debit Card 
Check
Mobile App 
iOS & Android
 

CreditDonkey® Reviews

 Greenlight
Average SavingsStarStarStarStarHalf Star
Coupon CodesStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
Privacy PolicyStarStarStarHalf StarEmpty Star
RewardsStarStarStarStarStar
SavingsStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty Star
PriceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Customer ServiceStarStarEmpty StarEmpty StarEmpty Star
EducationStarStarStarStarStar
Pros & ConsPros:
  • Free to use
  • Get paid in cash, not gift cards
  • Many ways to earn
Cons:
  • Pays out quarterly
  • Limited coupons
  • Collects personal data
Pros:
  • Great parental controls
  • Teaches money management for kids
  • Excellent education and savings tools
Cons:
  • Can't deposit physical cash
  • Difficult to close account
Bottom LineGood cash-back tool for online shoppers... Read full reviewSolid financial literacy app and debit card for kids... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Greenlight

All Ages - Banking and Invest in One App

  • Flexible controls, spending notifications, in-app chore list
  • Age: No minimum age
  • Fees: Starts at $5.99/month, per family (up to 5 kids). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.
Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.
Greenlight Debit Card for Kids

Greenlight Debit Card for Kids

  • Debit cards for up to 5 kids per family
  • No hidden fees - no ATM fees, overdraft fees, foreign transaction fees, or trading fees
  • Earn cashback and up to 5% savings rewards
  • Customize chores and allowance
  • Set spending limits and block unsafe merchants
  • Starts from $5.99/mo

Which is Better: Rakuten or Greenlight?

Still need help deciding which save money is better? Read the in-depth reviews below. You may also be interested in comparing Rakuten or TopCashback.


Articles on Rakuten

Rakuten Review

Rakuten offers cash back and coupons for your everyday purchases. But is it actually legit? Learn more about the benefits and downsides of Rakuten.

Articles on Greenlight

Greenlight

Looking to teach your kids or tweens how banks and debit cards really work? Greenlight may be for you. Learn the pros, cons, fees, and more in this review.

Greenlight Alternatives

Check out the top alternatives to Greenlight Debit Card for Kids to help you save money and enjoy similar features as Greenlight.

How to Delete Your Greenlight Account

Don't want a Greenlight account anymore? Here's how to delete your Greenlight account and get your money back.

How to Transfer Money from Greenlight Card

Want to transfer money from your Greenlight card? Find out how to withdraw your funds and send them back to your bank, step by step.

How to Add Money to Greenlight Card

There are lots of ways to fund your Greenlight account. Find out how to add, transfer, and gift money to your child.

How Much Does Greenlight Cost

Is a Greenlight debit card for kids worth the cost? Learn more about Greenlight's plans, fees, and common complaints.

Is Greenlight Safe

Greenlight offers a financial app and debit card with no hidden fees. But is it safe for kids? Learn more about Greenlight's security features below.

Which Do You Think is Best?


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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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