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Heads up, deal hunters! Right now, you can score some serious rewards by signing up for the Kraken crypto platform through Rakuten or Capital One Shopping. Rakuten is currently offering up to 12,500 points (or $125 cash back!) when you sign up for Kraken and make a qualifying trade. Some users are also seeing a whopping $220 offer through Capital One Shopping, so it's worth checking both! Keep in mind that Rakuten's offer amount fluctuates, so check the current rate before jumping in.
But wait, there's more! Kraken also has its own referral bonus program. By using a referral link when you sign up and trading crypto, you can earn even more bonus Bitcoin (up to $75). The amount you get depends on how much you trade. The sweet spot seems to be trading $500 worth of crypto to max out the standard referral bonus.
Why does this matter to you? Well, if you've been considering dipping your toes into cryptocurrency or are just looking for a quick way to rack up some Rakuten points or Capital One rewards, this is a pretty low-risk opportunity. Just be aware that Kraken is not FDIC/SPIC insured, and these offers usually require you to complete the crypto trade within 30 days of signing up. So, do your research and make sure you're comfortable with the terms before diving in!
Why This Matters for Your Strategy
News in the points-and-miles world moves fast, and promotional changes often have a short window. If this announcement affects a card or program you hold, log into your awardtrail dashboard to check your current benefit usage, bonus progress, and whether a transfer or redemption makes sense right now — before terms change.
As a general rule: transfer points only when you have a specific redemption in mind — transfers are almost always one-way and non-reversible. If you're unsure of the value, check our redemption guides before acting.
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October 8, 2026, 9:16 PM


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