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  Rakuten Rewards Mastercard

Rakuten Rewards Mastercard

in Personal Credit Cards from First National Bank of Omaha

Unaffiliated

Rakuten Rewards Mastercard

Unaffiliated

in Personal Credit Cards from First National Bank of Omaha

Net Recommendation Score -33% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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2 users don't recommend
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Highlights
Highlights
Community Rating

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Annual Fee $0
Purchase APR  (Variable APR) 17.24% - 24.24%
Balance Transfer APR  (Variable APR) 17.24% - 24.24%
Credit Score Range 640 - 850

Rakuten Rewards Mastercard Review

Rakuten Rewards Mastercard is a store rewards credit card issued by First National Bank of Omaha. 

This card is designed for people with fair credit. The minimum credit score to apply is 640. First National Bank of Omaha is one of the few credit card issuers that allows applicants to include a cosigner, which improves the approval chances of people with not-so-great credit. If you're wondering whether Rakuten Rewards Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

Pros & Cons of Rakuten Rewards Mastercard
The Good The Bad
  • No annual fee.
  • Multiple credit card perks.
  • Cardholders can earn rewards on their purchases.
  • Offers auto rental collision damage waiver.
  • Includes emergency support.
  • Extended warranty protection on purchases.
  • Free access to your credit score.
  • Price Protection.
  • Travel Accident Insurance.
  • Travel Assistance.
  • Earn rewards on every purchase.
  • Rakuten Rewards Mastercard reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Charges a foreign transaction fee of 3%.
  • Is there a Rakuten Rewards Mastercard cash back or rewards program?

    Rakuten Rewards Mastercard offers a rewards program to its customers.

    Rakuten Rewards Mastercard Rewards
    Rewards rate (all purchases) 1%
    Max rewards rate 3%
    Annual rewards limit N/A
    Signup Bonus ($) N/A
    Signup Bonus (Points/Miles) 10000

    Does Rakuten Rewards Mastercard have a signup bonus?

    Rakuten Rewards Mastercard doesn't offer a cash signup bonus. However, it does include a 10000 points signup bonus that can be redeemed for travel, gifts, or other perks.

    Does Rakuten Rewards Mastercard offer an annual loyalty bonus?

    Rakuten Rewards Mastercard doesn't offer a cash loyalty bonus.

    What are the Rakuten Rewards Mastercard benefits?

    Rakuten Rewards Mastercard provides the following benefits:

    • Free Credit Score
    • Auto Rental Collision Damage Waiver
    • Emergency Support
    • Extended Warranty Protection
    • Zero fraud liability
    • Price Protection
    • Travel Accident Insurance
    • Travel Assistance
    • ID Theft Protection
    • Reports to major credit bureaus

    What are the relevant APRs for Rakuten Rewards Mastercard?

    According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Rakuten Rewards Mastercard has higher than average purchase APRs.

    Rakuten Rewards Mastercard has a variable purchase APR that ranges from 17.24% up to 24.24%. The card has a variable balance transfer APR that ranges from 17.24% up to 24.24%. It also has a variable cash advance APR starting at 26.74% .

    Does Rakuten Rewards Mastercard have an introductory APR offer?

    No, Rakuten Rewards Mastercard does not come with an introductory APR offer for balance transfers. Rakuten Rewards Mastercard does not offer an introductory rate on new purchases.
    Rakuten Rewards Mastercard Balance Transfers
    Description
    Balance Transfer APR 17.24% - 24.24%
    Introductory Rate N/A
    Intro APR period (months) N/A
    Rakuten Rewards Mastercard Rates & Terms
    Description
    Balance Computation average daily balance (including new purchases)
    Purchase APR 17.24% - 24.24%
    Credit Limit N/A
    Penalty APR N/A
    Cash Advance APR Starting at 26.74%
    Introductory Rate N/A
    Intro APR period (months) N/A

    What are the Rakuten Rewards Mastercard fees?

    The following fees apply to Rakuten Rewards Mastercard:

    Rakuten Rewards Mastercard Fees
    Fees Amount
    Annual Fee $0
    Foreign Transaction Fee 3%
    Balance Transfer Fee 5%
    Minimum Balance Transfer Fee $10
    Returned Payment Fee $35
    Late Payment Fee $37

    Does Rakuten Rewards Mastercard have a foreign transaction fee?

    Rakuten Rewards Mastercard charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

    Does Rakuten Rewards Mastercard report your account activity to credit bureaus?

    Rakuten Rewards Mastercard reports your account activity to the following credit reporting agencies:

    • Equifax
    • Experian
    • Transunion

    Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

    How to apply for Rakuten Rewards Mastercard

    • Visit the Rakuten Rewards Mastercard website.
    • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
    • Check the information is accurate and submit your application.
    • If you're denied click here to find out why your application may have been rejected and what you can do about it.

    If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Annual Fee $0
    No Annual Fee  
    No Interest Grace Period for Late Payment 21
    Balance Transfer Fee % 5%
    Balance Transfer Fee Minimum $10
    Foreign Currency Transaction Fee 3%
    Late Fee Amount $37
    Minimum Interest Charge $1.75
    Returned Payment Fee $35
    Co-signing Allowed  
    Customer Type Personal
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Card Network
    • Mastercard
    Card Type
    • Rewards
    • Store Card
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Car Rental Insurance  
    Credit Card Benefits
    • Auto Rental Collision Damage Waiver
    • Emergency Support
    • Extended Warranty Protection
    • Fraud Liability
    • Free Credit Score
    • Identity Theft Protection
    • Price Protection
    • Travel Accident Insurance
    • Travel Assistance
    Emergency Support  
    Extended Warranty  
    Fraud Liability  
    Free FICO Score  
    Travel Insurance  
    Bonus Rewards 3x
    Rewards Categories
    • Every Purchase
    • Office Supplies
    • Software, Hardware, Cloud
    Signup Bonus (points) 10,000
    Cash Advance APR (Variable APR) Starting at 26.74%
    Purchase APR (Variable APR) 17.24% - 24.24%
    Balance Computation average daily balance (including new purchases)
    Balance Transfer APR (Variable APR) 17.24% - 24.24%

    Rakuten Rewards Mastercard Community Reviews

     

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