I just opened a SBI investment account and would like to deposit money every month (100,000 yen) using a credit card to collect points.
From what I understand from previous threads, the SMBC Platinum Preferred was great because it offered 5% back but this will only last until October, and then the % back will be based on the card annual spend (not including investment deposits)?
Given the annual fee is 33,000 yen it’s probably not worth it unless I plan to spend a lot on the card (I don’t) to meet the annual spend threshold for max % back, so I’m wondering what card(s) people plan to switch to?
Here’s a webpage I found that explains the possible cards that could be used for SBI deposits and their fees/cashback etc: [https://gentosha-go.com/articles/-/56888](https://gentosha-go.com/articles/-/56888)
Given I plan to only use the card for SBI deposits and not other expenses, it seems like the best option would be to just get a no annual fee APLUS card for a measly 0.5% back… Or to try to get the SMBC Olive Gold card annual fee waived (1 million yen spend then free forever) for 1% back?
by idm04
