Last Updated: 07/28/2025
Rakuten Rewards Mastercard
Unaffiliated
Last Updated: 07/28/2025
Not enough votes for recommendation
Rating not yet determined4 total votes
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Highlights
Purchase APR (Variable APR)
17.24% - 24.24%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
17.24% - 24.24%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
640 - 850
Annual Fee
$0
Rakuten Rewards Mastercard Review
This is a store rewards card issued by First National Bank of Omaha. If you're wondering whether Rakuten Rewards Mastercard is the right card for you, read on.
Key Takeaways
- Generous reward rate. You can get a rewards rate of up to 3x.
- Welcome offer. Offers a signup bonus of 10000 points that can be redeemed for travel, gifts, or other perks.
- APR: This is not a great card for people who carry a balance. It has a variable regular 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.
- A 5% balance transfer fee. Rakuten Rewards Mastercard charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $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 up to 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 Auto Rental Collision Damage Waiver, 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 will have good approval odds if you have a fair credit score or better.
Pros & Cons of Rakuten Rewards Mastercard
| The Good | The Bad |
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Rakuten Rewards Mastercard FAQ
Does Rakuten Rewards Mastercard have a cash back or rewards program?
Rakuten Rewards Mastercard is a rewards card.
| Description |
Does Rakuten Rewards Mastercard have a signup bonus?
This card 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?
This card 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 regular APR for accounts that carry a balance (as of November 2024) is 22.80%. This card has lower than average regular 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 intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers.Does Rakuten Rewards Mastercard have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Rakuten Rewards Mastercard?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Annual Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | $37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.
There is a late fee of up to $37 . Does Rakuten Rewards Mastercard have a foreign transaction fee?
Rakuten Rewards Mastercard charges a foreign transaction fee of up to 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 foreign transaction fees.What is the customer service phone number for Rakuten Rewards Mastercard?
The customer service number for Rakuten Rewards Mastercard is (415) 908-2200.
What is the support contact email for Rakuten Rewards Mastercard?
The support contact email for Rakuten Rewards Mastercard is firstnational@fnbo.com.
How do people rate the customer service and user experience of Rakuten Rewards Mastercard?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Rakuten Rewards Mastercard report your account activity to credit bureaus?
Yes, Rakuten Rewards Mastercard reports to the following credit bureaus:
- 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 build your credit.
Does First National Bank of Omaha perform a hard credit pull?
Yes, Rakuten Rewards Mastercard performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Rakuten Rewards Mastercard
- Visit the website of Rakuten Rewards Mastercard.
- 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.
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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed
Other Services by First National Bank of Omaha
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Other Credit Cards from First National Bank of Omaha
Rating not yet determined
Purchase APR
16.24% - 27.24%
Disclaimer popup with additional information
Balance Transfer APR
16.24% - 27.24%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$0
Rating not yet determined
Purchase APR
20.24% - 27.24%
Disclaimer popup with additional information
Balance Transfer APR
20.24% - 27.24%
Disclaimer popup with additional information
Credit Score Range
600 - 850
300
850
Annual Fee
$89
Rating not yet determined
Purchase APR
Up to 22.99%
Balance Transfer APR
22.99%
Disclaimer popup with additional information
Credit Score Range
650 - 850
300
850
Annual Fee
$0
Rating not yet determined
Purchase APR
20.24%
Disclaimer popup with additional information
Balance Transfer APR
20.24%
Disclaimer popup with additional information
Credit Score Range
Starting at 620
Annual Fee
$0
Rating not yet determined
Purchase APR
22.49%
Disclaimer popup with additional information
Balance Transfer APR
22.49%
Disclaimer popup with additional information
Credit Score Range
Starting at 620
Annual Fee
$0
Rating not yet determined
Purchase APR
20.24%
Disclaimer popup with additional information
Balance Transfer APR
20.24%
Disclaimer popup with additional information
Credit Score Range
N/A
Annual Fee
$0
Rating not yet determined
Purchase APR
17.24% - 28.24%
Disclaimer popup with additional information
Balance Transfer APR
17.24% - 28.24%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$0
Rating not yet determined
Purchase APR
17.24% - 28.24%
Disclaimer popup with additional information
Balance Transfer APR
17.24% - 28.24%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$0
Rating not yet determined
Purchase APR
22.24%
Disclaimer popup with additional information
Balance Transfer APR
22.24%
Disclaimer popup with additional information
Credit Score Range
Starting at 620
Annual Fee
$0
Rating not yet determined
Purchase APR
21.99% - 27.99%
Disclaimer popup with additional information
Balance Transfer APR
21.99% - 27.99%
Disclaimer popup with additional information
Credit Score Range
Starting at 700
Annual Fee
$0
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Learn MoreSuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
-50
-1000+100
No one recommends
Everyone recommends
Rakuten Rewards Mastercard Community Reviews
Would you recommend Rakuten Rewards Mastercard to your friends?
CH
Camile H.
Nov 12, 2021
May or may not recommend
This card offer high rewards potential when paired with other services such as AMEX Express Membership Rewards & online shopping portals. It also doesn't have a limit when earning rewards. HOWEVER, it more hassle than anything else. It must be paired with an AMEX credit card for maximum benefits, there is little to none welcoming bonus, it offers no travel perks and the biggest downside is that it pays the ...Show More
U
Anonymous
Aug 13, 2019
May or may not recommend
This is a great card for you if you can answer Yes to these three questions: 1) Do you have time to watch them like a hawk and pester them about missing cash back? 2) Are you okay with waiting months to get that cash back,? 3) Do you feel like it's okay for them to promise cash back and then not give it?
BG
Barb G.
Feb 9, 2019
May or may not recommend
I've had a card with Rakuten and make payments every month on time. Out of the blue, they closed my account and when I called to inquire, I was told that their credit department "doesn't take calls and you'll get a letter." Since I was in the process of moving and needed to get a copy of my credit report, I explained I couldn't wait. They didn't care. They closed ...Show More
U
Anonymous
Mar 19, 2016
May or may not recommend
Its a good card i used it more.hope now i will get gold card
Showing 4 of 4 reviews
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