Rakuten Rewards MasterCard Online Credit Card Application
It’s hard to find a solid rewards credit card when you have less-than-perfect credit. If you’re looking for a good rewards card with no annual fee and a decent reward rate, the Rakuten Rewards MasterCard can be a smart choice.
This credit card earns 3x rewards points at Rakuten.com plus 1x points everywhere else. Your points can be redeemed toward spending at Rakuten.com.
This Rakuten Rewards MasterCard online credit card application is easy to fill out and get approved. We will break down all the details about the Rakuten credit card below along with access to the online credit card application.
What is Rakuten?
If you aren’t familiar with Rakuten, it’s an ecommerce company based in Japan. Rakuten is one of the world’s largest ecommerce marketplaces. They offer everything from electronics and home decor to clothing, toys, movies, and luggage.
What Is the Rakuten Rewards MasterCard?
The Rakuten Rewards card is issued by First Bankcard, a division of First National Bank of Omaha. They also issue the Overstock MasterCard, NRA Visa, and Best Western MasterCard. This credit card is a branded credit card specifically for Rakuten.
It earns rewards on all spending you do, including a boosted reward rate on all Rakuten purchases. So it is kind of cool if you like shopping at Rakuten.com, but also want to earn rewards for all of you other spending you do elsewhere.
What Does The Rakuten Rewards MasterCard Offer?
This shopping credit card actually offers come pretty great benefits. You get the following benefits:
1. No annual fee
2. Sign up bonus of up to $100 or 10,000 RSP
3. 3% back at Rakuten (3 RSP per $1)
4. 1% back on everything else (1 RSP per $1)
5. Points can be redeemed as cash toward purchases at Rakuten.com
How Do I Earn Rewards?
Rakuten Super Points (RSP) members are automatically rewarded with 1% back on all spending everywhere. With the Rakuten Rewards MasterCard, your rewards rate is boosted to 3% back when you shop at Rakuten.
The card earns Rakuten Super Points that can be redeemed like cash at Rakuten.com. Along with 3x points at Rakuten, you will also earn 1 point per $1 on all other spending, including groceries, gasoline, and other shopping.
As an RSP member, you can also save more by using exclusive promo codes to earn a higher amount of cash back. Get 25 RSP every time you leave a review or feedback for a product or Merchant. Make sure you watch for offers to earn up to 5% cash back at Rakuten through the rewards program.
How Do I Redeem Points?
Redeeming Rakuten Super Points with your Rakuten Rewards MasterCard is easy. When you go to the checkout at Rakuten.com, you will have the opportunity to sign in to your RSP account. This is where you view your point balance.
You can apply anywhere from 50 to 25,000 points to your current purchase, up to the transaction total. Just remember that you must redeem at least 50 RSP points (equal to $0.50) in any transaction.
RSP points have a standard value of $0.01 per point. This means 1,000 RSP can be redeemed for $10 at Rakuten.com.
Make sure that you take note, that Rakuten Super Points do have an expiration date. Regular RSP points, including the 3x or 1x points you earn with your MasterCard expire after 24 months. When you use a promotional offer, the promotional RSP will expire after 12 months. Points can renew if you make at least one qualifying purchase every year.
Are There Other Perks with the Rakuten Rewards Card?
If the rewards program isn’t enough, the card also comes with some nice perks. It’s actually really great for a no annual fee credit card in this credit rating class:
Price Protection reimburses you for the price difference if you find a lower price on a new item you purchased within 60 days.
Extended Warranty protection covers you when you buy goods with your card. Your original manufacturer’s warranty will be doubled for up to a year automatically.
Travel & Accident Insurance offers coverage against accidental death or dismemberment. To qualify, buy a common carrier ticket such as a plane or train ticket with your credit card.
MasterRental/Collision Damage Waiver offers coverage for theft and damage to a rental vehicle when you use your MasterCard. This benefit allows you to waive coverage at a rental agency to save money.
Who Is This Credit Card For?
The Rakuten Reward MasterCard is a good choice if you have fair to good credit. You also should shop frequently at Rakuten.
While the rewards program isn’t the best compared to other rewards credit cards, it still offers a great reward rate on Rakuten shopping.
One of the biggest benefits of the Rakuten card is you don’t need great credit to get approved. This card can be a good choice if you are trying to establish or build your credit score.
The bottom line is the Rakuten Rewards MasterCard is a solid choice if you shop at Rakuten.com and want to improve your credit. The card offers a modest signup bonus. This is a rarity with shopping credit cards in this class. Plus no annual fee and a high reward rate on your Rakuten spending.
How Do I Apply For The Rakuten Credit Card Online?
If the Rakuten Rewards MasterCard sounds like a good fit for your spending and credit score, you can apply online with the Rakuten MasterCard Application.