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Semi-off-topic, but does anyone know about the "churning" culture in Japan vs the US? What are the numbers? Here in the US you can generally expect sign up bonu

Semi-off-topic, but does anyone know about the "churning" culture in Japan vs the US? What are the numbers? Here in the US you can generally expect sign up bonuses of a few hundred dollars, and a return of around 2% on your transactions, with category bonuses up to 5%. What do people get in Japan? I've just Googled it, and apparently some cards get 1 mile per 100 JPY (approximately 1%) - do some get more than that? What about sign up bonuses? To give the European perspective, there's much less "churning", available, partly because of laws that limit transaction fees. Sign up bonuses are usually around $50-$150, and many cards have no benefits _and_ an annual fee. Cashback, if you do get it, is usually 1% or less, with exceptions going up to 1.5% or so.

fomine3 6y ago
In Japan: For no annual fee card, Signup bonus without paying is around 1000-9000 JPY depending on running campaign. Some cards also offers bonus with paying, rate is vary but around 4-20% and max bonus is around 2000-10000 JPY. I'm not very familiar but for annual fee card, signup bonus without paying is around 5000-30000 JPY and bonus with paying is similar rate and max is around 10000-100000 JPY. To get max bonus, you should use cashback sites. For transaction bonus, 0.5% return is basic (card from bank, gold card, random shop's card), 1.0% is standard for return-oriented card (like Rakuten, d-card), 1.2%-1.5% is top return-oriented card (like Recruit). Most return-oriented card is no annual fee. * Now 3% is super prominent top return rate by LINE Pay card (that's no annual fee) but it's run by campaign until 2021/05. Cards for airline is different story, maybe 1mile/100 JPY is good return on annual fee card (I'm not familiar but IMO airline card isn't majority due to less people travel to overseas). Transaction fee for merchant is rumored below 2% for big player (like 7-11), around 3% is standard for real shops. Old contract may charges much more fee. Big difference with US is that Most cards is monthly-clear style so less revenue from revolving credit fee. Card issuers trying hard customers to using revolving payment.

fomine3 6y ago

In Japan: For no annual fee card, Signup bonus without paying is around 1000-9000 JPY depending on running campaign. Some cards also offers bonus with paying, rate is vary but around 4-20% and max bonus is around 2000-10000 JPY. I'm not very familiar but for annual fee card, signup bonus without paying is around 5000-30000 JPY and bonus with paying is similar rate and max is around 10000-100000 JPY. To get max bonus, you should use cashback sites. For transaction bonus, 0.5% return is basic (card from bank, gold card, random shop's card), 1.0% is standard for return-oriented card (like Rakuten, d-card), 1.2%-1.5% is top return-oriented card (like Recruit). Most return-oriented card is no annual fee. * Now 3% is super prominent top return rate by LINE Pay card (that's no annual fee) but it's run by campaign until 2021/05. Cards for airline is different story, maybe 1mile/100 JPY is good return on annual fee card (I'm not familiar but IMO airline card isn't majority due to less people travel to overseas). Transaction fee for merchant is rumored below 2% for big player (like 7-11), around 3% is standard for real shops. Old contract may charges much more fee. Big difference with US is that Most cards is monthly-clear style so less revenue from revolving credit fee. Card issuers trying hard customers to using revolving payment.