Rakuten Rewards Mastercard Review

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

Fair credit. This card is designed for people with fair credit. The minimum credit score to apply is 640.

Accepts cosigners. 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.

Is there a Rakuten Rewards Mastercard cash back or rewards program?

Rakuten Rewards Mastercard offers a rewards program to its customers.

This card features rewards for purchases in the following categories:

• Every Purchase
• Office Supplies
• Software, Hardware, Cloud

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

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
• 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?

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% .

What are the Rakuten Rewards Mastercard fees?

No Annual Fee. Rakuten Rewards Mastercard does not charge an annual fee.

3% Foreign transaction fees. 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.

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 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 and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Rakuten Rewards Mastercard

• Visit the First National Bank of Omaha website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• 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.