
Rakuten Rewards Mastercard
in Personal Credit Cards from First National Bank of Omaha
Would you recommend Rakuten Rewards Mastercard to your friends?
Community Rating |
Rating not yet determined |
Purchase APR (Variable APR) | 17.24% - 24.24% |
Balance Transfer APR (Variable APR) | 17.24% - 24.24% |
Credit Score Range | 640 - 850 |
Annual Fee | $0 |
Rakuten Rewards Mastercard Review
Rakuten Rewards Mastercard is a store rewards credit card issued by First National Bank of Omaha. 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.
- Generous reward rate. You will get a cashback rewards rate of up to 3%.
- Signup bonus. Offers a signup bonus of 10000 points that can be redeemed for travel, gifts, or other perks.
- High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.24% up to 24.24%.
- No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
- 5% Balance transfer fee. Rakuten Rewards Mastercard charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
- Accepts cosigners. First National Bank of Omaha is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
- Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, price protection, travel accident insurance, travel assistance, and fraud protection.
- Fair or better credit required. You stand a chance of qualifying if your credit score is not below 640.
The Good | The Bad |
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Is there a Rakuten Rewards Mastercard cash back or rewards program?
Rakuten Rewards Mastercard offers a rewards program to its customers.
Minimum rewards rate | 1x |
Max rewards rate | 3x |
Annual rewards limit | 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
- 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 on balance transfers?
No, Rakuten Rewards Mastercard does not come with an introductory APR offer for balance transfers.Does Rakuten Rewards Mastercard have an introductory APR offer on new purchases?
Rakuten Rewards Mastercard does not offer an introductory rate on new purchases.Description |
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What are the fees for Rakuten Rewards Mastercard?
The following fees apply to Rakuten Rewards Mastercard:
Fees | Amount |
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Annual Fee | $0 |
Foreign Transaction Fee | 3% |
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?
Yes, 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 may help improve your credit.
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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
16th & Dodge St
Omaha, NE 68197 - Visit Site
Other Services by First National Bank of Omaha

Availability
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Feature Breakdown
Every Purchase (Points) | 1x |
Rakuten Rewards Mastercard Community Reviews
Would you recommend Rakuten Rewards Mastercard to your friends?
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