Here's what FT say about rakeback/ points:
Receiving rakeback is the most profitable bonus offer available to a poker player.
For accounts that are not linked to a rakeback affiliate, the player will not be aware of any deductions, as they are covered by Full Tilt Poker.
However, if a player is linked to an affiliate, the affiliate will receive a commission for the net revenue this player contributes.
As a part of the calculation of the net revenue, deductions are made for any costs incurred for the player that would normally be covered by Full Tilt Poker.
Net revenue is calculated as follows:
Rake + Juice ? Bonus ? Player Added ? Used Points ? Players fees = Net Revenue
Rake - money earned while playing in ring games
Juice - fees a player pays when joining a tournament
Bonus ? bonuses a player earns such as a deposit bonus
Player Added ? money we have to add to tournaments (guarantees and
freerolls). For example, if there is a $10,000 guarantee tournament and we only get enough buy ins for $9,000, we split the remaining $1,000 by the players in the tournament. This amount gets added to the player added column.
Used Points ? Full Tilt Points players use on the site or in the store
Player Fees ? Transaction fees when players deposit money onto, or withdraw money from the site. Please note that the amount deducted for this post is between the Full Tilt Poker and the affiliate.
If you were unaware of these deductions we would like to remind you that rakeback is offered solely through affiliation.
Your affiliate is responsible for any information you may, or may not have received regarding the terms of your rakeback deal.
Guess that means academy points would count against rakeback as well, so deosnt make any difference?