The Rakuten Credit Card is a popular choice for individuals worldwide, including foreign residents. Its straightforward application process and minimal restrictions make it accessible to many.
Rakuten, a major global company, provides a wide range of services, including internet, mobile data, and credit cards. Beyond its well-known food delivery and online shopping platform, Rakuten Ichiba, the Rakuten Credit Card stands out as a key offering.
It features no annual fees for select card types and a loyalty points program, making it widely used by both locals and foreigners. This guide covers the Rakuten Credit Card, its benefits, and the steps to apply.
The Rakuten Credit Card
The Rakuten Credit Card is a financial product offered by Rakuten, a global company known for its diverse services like internet, mobile data, and credit cards.
Alongside its food delivery and online shopping platform, Rakuten Ichiba, the Rakuten Credit Card is widely used by individuals worldwide, including foreign residents.
It stands out for its simple application process, no annual fees on select cards, and a rewards-based loyalty points program. Key points to consider when applying for the Rakuten Credit Card:
- Maintain sufficient funds in your bank account for unexpected expenses.
- Choose loan options with manageable installment plans.
- Payments for the previous month’s spending are automatically deducted from your bank account on the 27th of each month. Missing a payment will result in interest charges.
Using a Rakuten Card: What’s In It?
The Rakuten Credit Card comes with several advantages. It has no annual fee, making it a cost-effective choice. The application process is simple and accessible.
Every purchase earns you points, which can be redeemed for discounts or other rewards. The card is widely accepted, making it a practical option for cashless transactions.
Cardholders also benefit from exclusive promotions and offers, enhancing the overall value of using the card. These features make the Rakuten Credit Card a strong option for everyday use.
1. Earn Points Easily
The Rakuten Credit Card excels in earning rewards. In 2020, it ranked top in three categories: “Most Points Earned,” “Customer Satisfaction,” and “Points Customers Enjoy.”
For every 100 units spent, you earn 1 point. Many sellers on Rakuten Marketplace offer higher point returns. These points can be used on Rakuten Marketplace, Rakuten Books, and affiliated stores, with each point equal to one unit of currency. Points can also be used through the Rakuten Pay app.
Cardholders are ranked based on usage. Higher ranks unlock better benefits and rates, encouraging more spending and greater savings.
2. Pay Utility Bills and Earn Points
Use your Rakuten Credit Card to pay utility bills like electricity, water, and gas. This not only simplifies expense management but also ensures timely payments. You’ll earn points equivalent to the amount spent, adding value to everyday expenses.
3. Convenient for International Use
The Rakuten Credit Card allows you to withdraw local currency at ATMs abroad, making it a practical choice for international travel.
Types of Rakuten Credit Cards
Rakuten offers a variety of credit cards to suit different needs. Here are three popular options:
Rakuten Card – Basic Card:
- The standard card has no annual fee.
- Available as MasterCard, JCB, or Visa.
- Earns 1 point for every 100 units spent.
- The Visa version does not include special designs.
Rakuten Pink Card:
- Includes all features of the basic card.
- Designed for women, featuring a pink design.
- Offers special discounts on select services.
Rakuten Gold Card / Premium Card:
- Gold Card: Annual fee of 2,160 units.
- Premium Card: Annual fee of 10,800 units.
- Benefits include free airport lounge access and higher credit limits.
These options cater to different preferences, from everyday use to premium benefits.
How to Apply for the Rakuten Credit Card
Applying for the Rakuten Credit Card is a simple process that can be done entirely online. Here’s a detailed step-by-step guide to help you through it:
Visit the Official Website
Start by accessing the official Rakuten Credit Card website. This is where you’ll find the most up-to-date information about the card, including its features, benefits, and the application form.
Make sure you’re on the correct website to avoid fraudulent sites. The official site will guide you through the process and provide clear instructions for each step.
Complete the Online Application Form
Once on the website, locate the application form. Fill it out with your personal details, such as your full name, address, income information, and identification details.
Take your time to ensure all information is accurate and matches your official documents. Mistakes or inconsistencies can delay the process. After reviewing your entries, submit the form.
Submit Required Documents
After applying, you’ll need to upload documents to verify your identity and financial status.
These typically include proof of income (like pay slips or tax documents), a valid ID (such as a passport or driver’s license), and proof of address (like a utility bill).
Ensure all documents are clear, legible, and up-to-date. Proper documentation helps speed up the approval process.
Await Approval Notification
Once your application and documents are submitted, the verification process begins. This can take a few days, depending on the volume of applications and the accuracy of your submission.
You’ll receive an approval notification via email or phone. If approved, your Rakuten Credit Card will be prepared and sent to your provided address.
Identity Verification
After submitting your application, you’ll receive a confirmation email, usually in the local language.
Rakuten may also contact you via phone to verify your identity. During the call, they may ask for basic details like your name and date of birth to confirm your identity. In some cases, they may contact your workplace for additional verification.
Receive Your Card
If you linked your bank account during the application process, your Rakuten Credit Card will typically arrive by mail within one to two weeks.
If you didn’t link your account, you’ll receive a form to complete and return. Once the form is processed, your card will be sent to you. Upon receiving the card, follow the instructions to activate it and start using it immediately.
Contact Details
For assistance, contact Rakuten Bank at 0570-66-6910. You can also visit their headquarters at Rakuten Crimson House, 1-14-1 Tamagawa, Setagaya-Ku, Tokyo.
Their team helps with application procedures, account management, and resolving issues, ensuring a seamless experience with your Rakuten Credit Card.
Conclusion
The Rakuten Credit Card is a practical choice for individuals worldwide, including foreign residents, thanks to its straightforward application process and minimal restrictions.
This guide outlines the application steps and highlights the card’s benefits, including options tailored to different needs.
Disclaimer: This information is based on general guidelines and may vary. Always refer to official sources for the most accurate details.
