This time, we will introduce the Rakuten Gold Card. This credit card makes it easier to accumulate points than the Rakuten Card.
Furthermore, with an annual fee of 2,200 yen and good cost performance, it has become easier to own a Gold Card.
Students cannot apply for it, but there is a high chance of acquisition for general company employees over 20 years old. In this article, you can learn the following information:
- Features of the Rakuten Gold Card
- Pros and cons of the Rakuten Gold Card
- Fees and cashback rate of the Rakuten Gold Card
- Application criteria for the Rakuten Gold Card
- How to apply for the Rakuten Gold Card
- Examination of the Rakuten Gold Card
- Address and contact information for the Rakuten Gold Card
Features of Rakuten Gold Card
The Rakuten Gold Card is operated by Rakuten Card Co., Ltd., a subsidiary of Rakuten Group Inc. As seen in commercials, Rakuten Card's growth rate is overwhelming. As of 2020, it has surpassed 2 million members and is gaining momentum.
The company's name was changed to its current name in 2018. It was originally established in 2001 as Aozora Bank, Inc.
Benefits and Drawbacks of the Rakuten Gold Card
One major benefit of the Rakuten Gold Card is its ease of ownership despite being a gold card.
This is because the annual fee for the Rakuten Gold Card is set at 2,200 yen, quite lower compared to other typical gold cards.
In reality, many gold cards can cost tens of thousands of yen annually just by owning them. However, with the Rakuten Gold Card, it is relatively easy to own without much hassle.
Furthermore, the Rakuten Gold Card offers an "Birthday Month Service". This unique system is not available for the standard Rakuten card, making accumulating points during your birthday month easier.
Therefore, it is possible to recover the annual fee during your birth month. A drawback is that despite being a gold card, some of the coverage is similar to that of a standard card.
In other words, if you are not looking to accumulate points, there are not many advantages apart from that.
Rakuten Gold Card Fees and Cash Back Rate
The fees and cash-back rate for the Rakuten Gold Card are as follows. The cash-back rate is typical during normal times.
- Application Fee: ¥0
- Annual Fee: ¥2,200
- Cash Back Rate: 1.00% - 3.00%
- Interest Rate for Installment Payments: 12.25% - 15.00%
- Cash Advance Interest Rate: 18%
- Late Payment Fee: 14.6%
- Closing Date: End of month
- Payment Due Date: 27th day of the month
Rakuten Gold Card Application Criteria
The application criteria for the Rakuten Gold Card is "individuals aged 20 and above with a stable income."
Therefore, students are not eligible to apply. There are no specific details provided regarding occupation or annual income.
However, since a stable income is required, full-time employees are more likely to meet the criteria.
Furthermore, you must be a Rakuten member. If you already have a Rakuten card, you are likely already a member when applying, so there should be no concerns.
Applying for the Rakuten Gold Card
You can apply for the Rakuten Gold Card through the official website. You can switch to the gold card if you already have a Rakuten Card. Make sure to have your Rakuten ID ready for the application process.
1. Go to the official site
2. Click on Rakuten Gold Card and go to the application page
3. Agree to the terms
4. Fill in the necessary information
5. Evaluation process
6. Receive your card
Rakuten Gold Card Screening
The screening process for the Rakuten Gold Card is relatively lenient compared to the gold cards of other companies.
However, it is stricter than that for the standard Rakuten card. The application requirements mention that applicants need to be over 20 years old and have a stable income, indicating the strictness of the process.
Therefore, the applicant's repayment capacity is assessed during the screening process. If it is determined that there is no repayment capacity, which implies the risk of default, the applicant will be denied approval.
Also, individuals aged 30 and over without any credit or loan utilization experience, known as 'Super Whites,' may face unfavorable conditions during the screening process.
This is because it is difficult to distinguish them from 'Whites' who have experienced financial accidents.
Rakuten Gold Card Address and Contact Information
Rakuten Card Co., Ltd. operates the Rakuten Gold Card. Its address is Crimson House Aoyama, 2-6-21 Minami Aoyama, Minato-ku, Tokyo.
For inquiries, toll-free (0120-30-6910) and paid (092-474-9255) numbers are available. They do not provide support for inquiries via email.
Summary
Today, we introduced the Rakuten Gold Card. This Card is recommended for those who want a cost-effective gold card.
It has the merit of a low annual fee, so it is not too burdensome. However, in terms of compensation and services, it does not compare to other companies' gold cards.
Attention - There are risks associated with applying for credit cards or loans. Please review the terms and conditions before applying.
