Rakuten NISA: Credit or Debit
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Re: Rakuten NISA: Credit or Debit
Just to confirm: you can use cash from your bank account or broker account to buy investments, you certainly don't need to use a credit card.
English teacher and writer. RetireJapan founder. Avid reader.
eMaxis Slim Shady
eMaxis Slim Shady
Re: Rakuten NISA: Credit or Debit
Sounds like he's set on Rakuten and no amount of quoting internet people is going to change his mind.Jemineye wrote: ↑Mon Mar 14, 2022 10:20 amThanks for the link. I passed it on to him but he still seems attracted to Rakuten. Says it looks easierbeanhead wrote: ↑Sun Mar 13, 2022 5:48 amHere is the Monex one. 1.1% back in points that can be used on Monex to reduce some fees, or changed into T-points or other electronic money.
https://info.monex.co.jp/service/monex-card/index.html
Getting the SBI credit card is probably the simplest option, I think. I believe they do something similar to Monex.
Re: Rakuten NISA: Credit or Debit
I mean, I guess it is but as has been mentioned here, you don't need a card, credit or debit, to use Rakuten Securities (or SBI or Monex). You just need a bank account to transfer money from.
Re: Rakuten NISA: Credit or Debit
I think he’s just being lazy to look into Monex tbh but it’s not my decision to make.adamu wrote: ↑Mon Mar 14, 2022 11:15 amSounds like he's set on Rakuten and no amount of quoting internet people is going to change his mind.Jemineye wrote: ↑Mon Mar 14, 2022 10:20 amThanks for the link. I passed it on to him but he still seems attracted to Rakuten. Says it looks easierbeanhead wrote: ↑Sun Mar 13, 2022 5:48 am
Here is the Monex one. 1.1% back in points that can be used on Monex to reduce some fees, or changed into T-points or other electronic money.
https://info.monex.co.jp/service/monex-card/index.html
Getting the SBI credit card is probably the simplest option, I think. I believe they do something similar to Monex.
Just out of interest, do any of these have English?
Re: Rakuten NISA: Credit or Debit
Thanks for confirmingzeroshiki wrote: ↑Mon Mar 14, 2022 1:43 pmI mean, I guess it is but as has been mentioned here, you don't need a card, credit or debit, to use Rakuten Securities (or SBI or Monex). You just need a bank account to transfer money from.
Re: Rakuten NISA: Credit or Debit
The Monex card is issued only to existing Monex Sec members. It is also issued by a smaller card company, and auto-rejects those with middle names.
There is a way to request a paper form, but most foreigners seem to have quite a lot of issues getting it vs Rakuten or SMBC cards.
Re: Rakuten NISA: Credit or Debit
He's Japanese so he'd be fine but he's not a Monex Sec member anyway so maybe he is better off with Rakuten.Haystack wrote: ↑Mon Mar 14, 2022 2:56 pm
The Monex card is issued only to existing Monex Sec members. It is also issued by a smaller card company, and auto-rejects those with middle names.
There is a way to request a paper form, but most foreigners seem to have quite a lot of issues getting it vs Rakuten or SMBC cards.
Me too, I guess.
Re: Rakuten NISA: Credit or Debit
I have Monex and Rakuten. Prefer Rakuten myself too. But they are devaluing their points when their card is used to invest, so the benefits of the whole Rakuten ecosystem will be reduced a bit (from November, I think?)
Aiming to retire at 60 and live for a while longer. 95% index funds (eMaxis Slim etc), 5% Japanese dividend stocks.
Re: Rakuten NISA: Credit or Debit
You’ve all been very helpful. Thank you