Rakuten Cash Back Visa Credit Card Review – Features, Benefits, and More About Rakuten Card
Nowadays, people use credit cards more daily because they help them in many ways. They also offer various discounts, membership offers, and more.
So, banks and financial institutions have introduced various credit cards, each with its purpose and significance. For instance, Prosper cards have their importance, interest charges, access amount charges, etc. Similarly, all cards have different usages.
In this article, let’s discuss one such Card, the “Rakuten Credit Card,” and its significance.
Everything You Need To Know About Rakuten Cash Back Visa Credit Card:
The Rakuten Visa card is another type of Credit Card that charges a $0 annual fee option to users who want to earn Amex membership rewards points. The Rakuten Group, Inc. provides this credit card, an e-commerce giant providing internet-based services in Japan. It offers so many extra benefits that try to satisfy the requirements of their use.
Many people are unaware of the name Rakuten, but they might hear its former name, Ebates. It was one of the first cashback sites, and Rakuten is still one of the largest cashback sites. However, it does not offer bonuses for all online purchases. For instance, Amazon and Walmart offer this type of bonus system.
Now, let’s see some of the highlights regarding the Rakuten Cash Back Visa Credit Card.
Highlights of Rakuten Credit Card:
- Users who use the Rakuten Cash Back Visa Credit Card receive a bonus of $10 after their first purchase.
- Customers also get an extra 3% cash back opportunity if they purchase anything through Rakuten.com, in-store cashback, Rakuten hotels, and travel.
- It drifts your cash back over 2,500 stores.
- The user also receives unlimited cashbacashbacks on all Rakuten Cash Back Visa Credit Card purchases.
- The candidate can use these benefits who have linked their Rakuten Cash Back Visa Credit Card with Apple Pay, Google Pay, and Samsung Pay.
- The Card also offers a zero fraud liability policy and other visa benefits, such as price and return protection.
Advantages and Disadvantages of Rakuten Card Back Visa Credit Card:
Advantages of Rakuten Credit Card:
- You will get the chance to earn Amex card points.
- The user also gets vast bonuses and rewards using online shopping portals and in-store.
- There are unlimited opportunities to earn rewards.
- This Card works at any place, and a Visa is accepted.
Drawbacks of Rakuten Credit Card:
- The user must need an Amex membership card to earn more rewards and benefits.
- It does not include any types of travel benefits.
- The users get cash back quarterly and not based on their earnings.
- The cards are not exclusively offered to Rakuten Cash Back Visa cardholders.
- The cashback is redeemed with the help of cheques or PayPal deposits.
So, these are the pros and cons of the Rakuten Credit Card, which we must all consider before deciding to buy the Card.
Benefits of Rakuten Cash Back Visa Credit Card:
Rakuten cards offer various benefits to their customers, such as;
- ID Navigator, these are the best benefits offered to Rakuten customers, such as the security of their card services, which are complimentary services they provide.
- The Card has a 24-hour service team that can solve all the queries regarding their customer and their accounts.
- The Rakuten cash-cashback credit card protects against stolen or lost cards. If the user needs emergency cash back, they can replace the Card or arrange for another emergency card.
- It imparts you zero liability for your unauthorized transaction.
These are the benefits that the Rakuten credit card offers to its users.
Now, let’s move forward toward its rates and fees specification:
Rates and Fees Specification of Rakuten Cash Back Visa Credit Card:
- The APR purchases: 19.99% to 24.99%, depending on variables.
- The Annual Fee is $0.
- The Card does not include any transferring charges.
- It charges $3 on any foreign transaction.
- The Rakuten Card takes the advance fees, either $10 or 4% on the transaction, whichever is greater.
So these are the fees and rates structure of Rakuten Cash Back Visa Credit Card.
How Does the Rakuten Card Work:
If you are new to using the Rakuten Card, here is some essential information about its working process.
First, Rakuten, formerly known as Ebates, is used as an affiliate mode, paying companies’ transactions directly to shoppers. If you follow the links on Rakuten.com for any purchases, that store directly pays a referral fee for the Rakuten card. Then, Rakuten offers you some fees through Cashbacashbacken, which has partnered with over 2500 stores, including Amazon, Walmart, Walgreens, Macy’s, and Target. Macy provides hotels, airlines, and travel booking websites like Orbitz and Travelocity.
The user can quickly sign up with the Rakuten Cash Bank Visa Credit Card, and it does not include any of the charges of the signing-up process.
Note: It is essential to read the store’s terms and conditions. Many stores and merchants offer Rakuten Card offers.
Types of Rewards Offered by the Rakuten Cash Back Visa Credit Card:
The Rakuten Credit Card offers three kinds of rewards, including;
- Earning Rewards
- Redeeming Rewards
- Rewards Potential
Why Rakuten Cash Back Visa Credit Card is so Popular:
The Rakuten card is in high demand among young adults and international residents in Japan. There are various reasons behind the popularity of Rakuten cards, which are as follows;
- The very first reason is its application procedure, which is very simple, and most users find no issues while connecting with its procedure.
- This Card is very convenient to use, and the users will get it after completing the application procedure.
- Another reason is that the cardholder can earn points or rewards based on their shopping, and it does not charge any annual fees.
- The cardholder only needs to purchase through the Rakuten Credit card to earn 1% of their total purchase points.
These are the reasons for the popularity of this Card.
Ways to Use the Rakuten Credit Card:
The user must consider the following things to use Rakuten Credit Cards:
- Make sure to check Rakuten.com for new cashback.
- Ensure you have already linked with your Rakuten Cash Back Visa card to earn in-store app cashback and discounts.
- Install the Capital One Shopping application to track your store prices and learn about other benefits of the Rakuten Credit Card.
- Sometimes, the Rakuten stores charge higher prices, so having other options is better.
Worthiness of Rakuten Credit Card:
Rakuten Credit Card is helpful for its cardholders, as it offers some excellent deals, especially if the user also has Amex card membership rewards points. If you use the Card for a very long period, you will also get the benefits of enormous cashback. So, the Rakuten Cash Back Visa Credit Card is worth it.
Reviews of Rakuten Cash Back Visa Credit Cards:
As per the November 2022 report, it has been shown that the number of Rakuten Card users has increased to 21 Million, and this is all thanks to the credit card security provider by a major Japanese corporation and its straightforward application procedure.
Now, here we have some of the reviews from Rakuten card users;
- “The application process is far simpler and better than any other credit card.”
- “As the cards offer reasonable benefits, users earn many points online shopping.”
- “Many people also get 5000 points after being a part of this card, so it is very authentic and beneficial for their users.”
- “Many say that by linking their Rakuten card with Rakuten Ichiba (an online shopping mall), they even get many other benefits.”
Final Words:
Rakuten is a highly demanded-credit card developed by a Japanese corporation. Users like to use Rakuten cards as they provide many rewards and cashback. Not only the rewards but also the benefits related to the safety of their cards are imparted.
People have shared their positive reviews about the Rakuten cards, especially about their one-step, easy process, which reduces cardholder issues. So, as per my suggestion, the Rakuten Cash Back Visa Credit Card is the best option for you if you want to earn more cashback and rewards.