Rakuten Credit Card – Learn How To Apply

The Rakuten Credit Card offers a range of benefits, including cashback rewards and special offers.

This guide will walk you through the application process step by step, helping you make the most of your purchases.

Whether you’re a frequent online shopper or just looking to maximize your rewards, the Rakuten Credit Card could be the perfect fit.

Features of Rakuten Credit Card

The Rakuten Credit Card offers a range of features designed to enhance your shopping experience and maximize your rewards.

Here are some key features of the Rakuten Credit Card:

• Cashback Rewards: Earn cashback on purchases made through Rakuten and everywhere else Visa is accepted.
• Welcome Bonus: Enjoy a bonus cashback offer when you first purchase with the card.
• No Annual Fee: Benefit from the fact that there is no annual fee for the Rakuten Credit Card.
• Additional Cashback: Get extra cashback when you shop at select Rakuten partner stores.
• Online Account Management: Easily manage your card account online, including viewing transactions and making payments.
• Visa Benefits: Access Visa’s range of benefits, including fraud protection, travel assistance, and more.

Interest Rates and Fees

Understanding the interest rates and fees associated with the Rakuten Credit Card is crucial for responsible card management.

Here’s a breakdown of the rates and fees:

• Annual Percentage Rate (APR): The APR for purchases and balance transfers ranges from 15.24% to 23.24%, based on creditworthiness.
• Cash Advance APR: The APR for cash advances is 25.24%.
• Annual Fee: There is no yearly fee for the Rakuten Credit Card.
• Foreign Transaction Fee: There is no foreign transaction fee for purchases outside the United States.
• Late Payment Fee: Up to $39 for late payments.
• Returned Payment Fee: Up to $39 for returned payments.
• Overlimit Fee: None, as the card does not allow spending over the credit limit.
• Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
• Cash Advance Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater.

Step-by-Step Guide to Applying for the Rakuten Credit Card

Applying for the Rakuten Credit Card is easy. Follow these simple steps to start enjoying the benefits of this card:

1. Visit the Rakuten Website or App: Go to the Rakuten website or open the Rakuten app on your mobile device.
2. Navigate to the Credit Card Section: Look for the credit card section on the website or app.
3. Click on the “Apply Now” Button: Once in the credit card section, click the “Apply Now” button to start your application.
4. Fill Out the Application Form: Provide your personal information, including your name, address, and contact details.
5. Provide Financial Information: Enter your income and employment details.
6. Review and Submit Your Application: Double-check the information you provided and submit your application.
7. Wait for Approval: Once you’ve submitted your application, wait for Rakuten to review and approve it.
8. Receive Your Card: If your application is approved, you’ll receive your Rakuten Credit Card in the mail.
9. Activate Your Card: Follow the instructions provided to activate your card.
10. Start Using Your Card: Once activated, you can earn cashback rewards on your purchases.

Eligibility Criteria

Before applying for the Rakuten Credit Card, ensure you meet the following eligibility criteria:

• Age Requirement: You must be at least 18 years old.
• Income Requirement: You must have a minimum annual income.
• Credit Score Requirement: You must have a good credit score.
• Credit History: A positive credit history may be required.
• Other Financial Obligations: Your ability to meet other financial obligations may be considered.
• Employment Status: You may be required to provide proof of employment.
• Identification: You must have a valid government-issued ID.
• Existing Rakuten Membership: Having a Rakuten account may be required.

Also Read: Japan Post Visa Credit Card Secrets: Benefits Explored, Application Simplified

Required Documents

To apply for the Rakuten Credit Card, you’ll need to prepare the following documents:

• Identification Documents: Provide a valid government-issued ID, such as a driver’s license or passport.
• Proof of Income: Submit documents that verify your annual income, such as pay stubs or tax returns.
• Proof of Address: Provide a utility bill or bank statement with your current address.
• Social Security Number: You may be required to provide your Social Security number for verification purposes.
• Employment Verification: Some applicants may need proof of employment, such as a letter from their employer.
• Additional Financial Information: Additional documents may be required based on your financial situation to support your application.

Filling out the Application Form

Accurate and completeness are crucial for a smooth process when completing the Rakuten Credit Card application.

Here’s what you need to know:

• Personal Information: Enter your full name, date of birth, residential address, and contact information.
• Financial Information: Provide details about your annual income, employment status, and other financial obligations.
• Identification: Input your Social Security number and other identification details as requested.
• Review and Submit: Double-check all information before submitting the form to avoid any delays in processing your application.

Reviewing and Submitting the Application

Before submitting your Rakuten Credit Card application, take the time to review it carefully. Here’s what you need to do:

• Double-Check Information: Review all entered information for accuracy, including personal and financial information.
• Verify Supporting Documents: Ensure that all required documents, such as proof of income, are attached and legible.
• Submit Application: Once you’ve reviewed and verified everything, submit your application online or by mail.
• Confirmation: After submitting, you may receive a confirmation email or letter acknowledging receipt of your application.

Approval Process

After submitting your Rakuten Credit Card application, it will undergo a review process to determine approval. Here’s what to expect:

• Timeline: Depending on the volume of applications, the approval process typically takes a few business days to a few weeks.
• Possible Outcomes: You may receive approval, be asked for additional information, or receive a denial.
• Notification: You will be notified of the decision via email or mail. If approved, you’ll receive your card in the mail shortly afterward.
• Additional Information Request: Sometimes, the issuer may request more information to process your application.
• Credit Limit: If approved, your credit limit will be determined based on your creditworthiness and other factors.

After Approval

After your Rakuten Credit Card application is approved, a few key steps exist to start using your card effectively. Here’s what you need to do:

• Receive Your Card: Your Rakuten Credit Card will be mailed to you.
• Activate Your Card: Follow the instructions provided to activate your card.
• Manage Your Account Online: Set up an online account to manage your card, view transactions, and make payments.
• Start Using Your Card: Once activated, you can use your Rakuten Credit Card to earn cashback rewards on your purchases.

Contact Details

For help with your Rakuten Credit Card application or questions, contact Rakuten’s customer service.

Here’s how you can contact them:

• Tel number: +1 415-908-2200
• Email address: [email protected]
• Office location: Rakuten Crimson House West 800 Concar Drive., San Mateo, California, 94402, U.S.A.

Summing It Up

In conclusion, the Rakuten Credit Card offers a range of benefits, including cashback rewards, no annual fee, and a straightforward application process.

Following the step-by-step guide, you can easily apply for the card and enjoy its perks.

Don’t miss out on the opportunity to earn rewards on your purchases – apply for the Rakuten Credit Card today!

Disclaimer

The information provided in this guide is for informational purposes only and should not be considered financial advice.

The terms and conditions of the Rakuten Credit Card are subject to change, so it’s advisable to review the latest information from Rakuten before applying.