Rakuten Card and Rakuten Bank Card difference?

6 comments

1. Isn’t one a debit card and one a credit card? i.e. spending money you have vs money you don’t have.

2. Credit card: The name says it, post paid

   Debit card: Accepted most places where credit card is accepted but money is taken directly

   Bank card: Use to access ATM services to your bank account

   Some cards can have multiple features like Bank + Debit on the same card

3. Think this is a new feature by rakuten; combining the bank atm card and credit card into one and they’re marketing it as taking the best of both worlds. Wish they had this when I signed my rakuten card a few years back; now it’s too much of a hassle to change it.

4. Is the Bank card with credit function a Visa? Debit cards are usually backed by credit for insurance purposes. If you make a purchase and it is accepted, only to find out you have insufficient funds, the credit kicks in to make sure the vender is paid. It’s a debit/ATM card most likely.

5. I have it. And they will still give you a plain cash card on top of credit+cash card.

6. Just to add to the points everyone else is making that they are separately run companies (with the bank, which I think was formerly called ebank, actually a subsidiary of Rakuten Card co). It’s totally possible to have a Rakuten credit card without a Rakuten bank account, and vice versa.

   This new “Rakuten bank card with credit function” looks like a collaboration between the two: basically a credit card you can also use in an ATM to withdraw money. (It looks like this means that it won’t work as a debit card or have credit cashing function.)

   I can see the advantages for Rakuten as it ties people further into their ecosystem and means that credit card withdrawals come via their own bank. I don’t really get the advantages for consumers though, although I suppose it is one less card to carry round.