One of the most popular options available in the Japanese market is the Rakuten Credit Card.
This card is known for offering attractive benefits, including cashback and exclusive offers for Rakuten shoppers.
If you’re looking to apply for it, here's a step-by-step guide to help you through the process.
1. Understand the Benefits of the Rakuten Credit Card
Before diving into the application process, it’s important to understand why the Rakuten Credit Card is a great option.
This credit card offers various perks, such as:
- Cashback rewards: The card earns you cashback on purchases made with it, especially when you shop through the online platform.
- Bonus Points: When you sign up, you may be eligible for bonus points which can be redeemed for future purchases.
- No Annual Fee: The card doesn’t charge an annual fee, making it a cost-effective option for many consumers.
With these benefits in mind, you can decide whether this card fits your spending habits and financial needs.
2. Obtain Your Affiliate ID
Before applying, it’s important to note that you will need an Affiliate ID.
This ID is required to complete the application, as it ties the credit card to your specific account.
If you don’t have an Affiliate ID yet, you can get one by registering on the Rakuten website.
Simply sign up for an account and you will be given an ID that is tied to your application.
3. Complete the Application Form
Once you’ve gathered all the required information, you can begin the application process.
The application form is available on the official website or through their mobile app. Here’s what you’ll need to provide:
- Personal Information: Your full name, phone number, and postal code.
- Financial Details: Your annual income and bank account information.
- Employment or Student Status: If applicable, you will need to provide details regarding your employment or student status. This helps to assess your creditworthiness.
- Rakuten Mobile Services: If you are a Rakuten mobile user, you will need to provide your mobile account details, including your mail and passwords.
Take your time to ensure all the information is accurate. Any inaccuracies could delay your approval process or lead to a rejection.
Once you’ve reviewed the terms and filled out the necessary details, you can submit your application.
4. Agree to Terms and Conditions
After you’ve filled out the application, you will be prompted to agree to Rakuten’s terms and conditions.
This is an important step, as it outlines the rules and guidelines for using the credit card, as well as your responsibilities as a cardholder.
It’s crucial to read the terms thoroughly to ensure you understand the fees, interest rates, and other important details.
Once you’ve read and understood the terms, you can agree to them and proceed with the application.
5. Submit Your Application
Once you’ve completed the application form and agreed to the terms and conditions, you can submit your application.
After submitting, Rakuten will review your application to determine your eligibility for the credit card.
This process typically takes a few business days, though it may vary depending on the volume of applications.
6. Wait for Approval
After submitting your application, you will need to wait for them to review and approve your application.
You can track the status of your application with a special code provided by the website.
If your application is approved, you will receive your Rakuten Credit Card by mail.
If your application is not approved, they will explain the reason behind their decision. This could be due to insufficient credit history or income level.
7. Complete the Bank Account Debit Form
Once your Rakuten Credit Card is approved and you’ve received it in the mail, you will need to complete a bank account debit form.
This form allows you to automatically debit payments from your linked bank account for your monthly credit card bill.
It’s crucial to fill out this form accurately to ensure timely payments. Failure to make timely payments may result in late fees and interest charges.
Once the debit form is completed, you’re all set to start using your new credit card.
8. Start Using Your Rakuten Credit Card
Use the card for everyday purchases and take advantage of cashback offers on the online platform.
Remember, you can also earn bonus points when you first sign up and meet specific spending thresholds.
By using your card responsibly, you can build your credit score while earning rewards for your purchases.
Keep track of your spending and pay your bills on time to avoid interest charges.
Rakuten Mobile
Rakuten has also ventured into the telecommunications industry with Rakuten Mobile, a mobile phone service provider.
Launched in 2020, Rakuten Mobile has shaken up the Japanese mobile market by offering affordable plans and a different business model.
Its mobile service emphasizes digital-first customer experiences, including the use of its mobile app to manage accounts and services.
Bank Contact Information
If you have any questions or need assistance during the application process, you can contact Rakuten’s customer service team at the following:
- Phone: 1-800-123-4567
- Email: [email protected]
- Website: www.rakuten.com
The customer service team is available to help you with any issues related to the application, card usage, or billing inquiries.
Interest Rates
The card comes with an 18% annual percentage rate (APR) on purchases.
This is a relatively standard rate, though it’s important to note that interest rates can vary based on your creditworthiness.
To avoid paying interest, make sure to pay off your balance in full each month.
Conclusion
The Rakuten Credit Card is a great choice for those who frequently shop on Rakuten and want to earn cashback and rewards.
This credit card offers a simple way to manage your finances and earn perks.
However, make sure to read the terms and conditions carefully and be aware of the 18% APR.
Disclaimer: This article is for informational purposes only. Please ensure that you carefully read the terms and conditions before applying for the Rakuten Credit Card. The information provided is based on current details available, and terms may be subject to change. Always consult with Rakuten directly for the most up-to-date information.
