For gold card tho, its is pretty much unchange.
For SMBC gold card yearly fee, you need to spend above 100万円 anyway to get yearly fee waive. so effectively it remain the same as before. Yeah but for plat, it is understandable why they slash the point rewards as it was just plain 5% before without the spending requirement.
For the gold card you only need to have an annual spend of 1m yen once, then it's free forever. Previously you could have just done 1m once to get it free forever then used it as a SBI tsumitate mule, now you actually have to spend money on that card.
Yea this kind sucks. I am actually working towards an invitation for gold because I wanted the easy 1% but I don't think I want to make it my main card but, it still is 0.75% if I spend 100k which is better than the regular card which also needs 100k to hit the minimum 0.5%.
Do you have to be invited to gold (doing training as the Japanese sites seem to put it) or can you just apply for it?
Wife and I want to change or family cards (currently MI card) to smbc gold and both have seperate basic smbc cards for our own use but neither breaks a million with it while our MI family cards does break a million.
Perhaps you can apply without the training but then you'll have to pay the first year's fee?
Cool, both the platinum preferred and gold card says they have airport lounge privileges but I can't find specifics if it's the same privileges or not. We'd really like to chill somewhere in airports if possible so that's another reason we want gold.
Biggest drawback seems to be that to my understanding you can't earn VPoints when you invest in Tsumitate Nisa with a family card. So if the Gold card is in my wife's name, I'd still have to invest with my basic card at 0,5% which is too bad.
Worth noting that there's always signup bonuses that give you enough points to cancel out the annual fee. Right now they're giving 10% points on spending for the first three months after signing up, up to 8500 points for Gold NL. So if you spend 550k in the first three months after signing up, that'll cancel out the annual fee and also put you more than halfway to the 1m yen needed to waive annual fees forever. Signing up for a card if you're planning on big purchases and have no other cards to "train" is a good play if you want to minmax points.
Both Olive Gold and Gold NL. There's a [SMBC Gold card](https://www.smbc-card.com/nyukai/card/goldcard.jsp) with an annual fee of 11000 yen but that's not what you want. Only either [the NL (numberless) one](https://www.smbc-card.com/nyukai/card/gold-numberless.jsp) or Olive Gold has a fee of 5500 yen that is waived permanently after spending 1m in any year.
Yeah. Massive change! I don’t see all that many people being able to spend 500man a year on their credit card plus another 120man on credit card investments. The platinum preferred card still has lots of perks with selected online shops, but probably not worth it for most people.
Some management companies allow you to set it up. Mine doesn't. If you have a contract with a big corporate management company, see if they let you do this.
Don't SBI and Rakuten basically align with one another, since there's no incentive for any of them to be better than the other except for the duration of short-lived campaigns?
I redid my math and found that the platinum card was still a net positive. But I am not sure if it is a net positive over just having a gold card and not paying the 33,000 of annual fees. My math gave even margins for either.
The part here:
2024年11月買付分（9/11～10/10まで設定分）以降の「三井住友カード つみたて投資」サービス内容（予定）
Here are the old(new) bonuses:
Plat: 60,000 (36,000 If you spend 5mil yen yearly)
Gold: 12,000 (12,000 If you spend 1 mil yen yearly)
Regular: 6,000 (6,000If you spend 100k yen yearly)
Previously, there was no spending requirement.
Old values are based on a 100k investment, which was not actually possible until now so, actual point values were half, except for May-Oct this year, which they are referring to as a "Campaign".
Thanks for including the old values.
I've been in Japan so long - is this kind of stuff normal for credit card companies in other coutnries? I feel like Japanese companies never care about their customers. Credit card companies in particular fight against customer complaints when buyer protection is needed from a bad shopping experience, and they change T&C to worsen deals even for existing customers. It feels like just a massive bait and switch.
Is this SBI or SMBC? Seems to be SMBC cards that are affected.
I literally just applied for the Platinum Preferred card. It got stuck at the bank account linking stage because of middle name issues, so I need to fill in paperwork to complete, but this degradation might be enough of a change to stop me.
It's an SBI-SMBC partnership. SMBC online banking lets you link in SBI securities accounts and in exchange there are bonuses for using SMBC cards to fund SBI trading accounts.
Does that include Prestia or only SMBC?
Also, right now which is the best combo Securities Account - Credit Card to max points value through the Tsumitate Nisa payments?
For gold card tho, its is pretty much unchange. For SMBC gold card yearly fee, you need to spend above 100万円 anyway to get yearly fee waive. so effectively it remain the same as before. Yeah but for plat, it is understandable why they slash the point rewards as it was just plain 5% before without the spending requirement.
For the gold card you only need to have an annual spend of 1m yen once, then it's free forever. Previously you could have just done 1m once to get it free forever then used it as a SBI tsumitate mule, now you actually have to spend money on that card.
Yea this kind sucks. I am actually working towards an invitation for gold because I wanted the easy 1% but I don't think I want to make it my main card but, it still is 0.75% if I spend 100k which is better than the regular card which also needs 100k to hit the minimum 0.5%.
Do you have to be invited to gold (doing training as the Japanese sites seem to put it) or can you just apply for it? Wife and I want to change or family cards (currently MI card) to smbc gold and both have seperate basic smbc cards for our own use but neither breaks a million with it while our MI family cards does break a million. Perhaps you can apply without the training but then you'll have to pay the first year's fee?
You can apply for it. But you would pay the annual fee at least once, yes.
Cool, both the platinum preferred and gold card says they have airport lounge privileges but I can't find specifics if it's the same privileges or not. We'd really like to chill somewhere in airports if possible so that's another reason we want gold. Biggest drawback seems to be that to my understanding you can't earn VPoints when you invest in Tsumitate Nisa with a family card. So if the Gold card is in my wife's name, I'd still have to invest with my basic card at 0,5% which is too bad.
Both cards only give access to the cheap, overcrowded domestic airport "lounges", not Priority Pass.
Worth noting that there's always signup bonuses that give you enough points to cancel out the annual fee. Right now they're giving 10% points on spending for the first three months after signing up, up to 8500 points for Gold NL. So if you spend 550k in the first three months after signing up, that'll cancel out the annual fee and also put you more than halfway to the 1m yen needed to waive annual fees forever. Signing up for a card if you're planning on big purchases and have no other cards to "train" is a good play if you want to minmax points.
Is it too late to get the gold card and do 1m yen to have it free forever..? What about people who already met those requirements?
It's still available according to the official signup website.
Is this the same for the Olive Gold or only the standalone Gold card?
Both Olive Gold and Gold NL. There's a [SMBC Gold card](https://www.smbc-card.com/nyukai/card/goldcard.jsp) with an annual fee of 11000 yen but that's not what you want. Only either [the NL (numberless) one](https://www.smbc-card.com/nyukai/card/gold-numberless.jsp) or Olive Gold has a fee of 5500 yen that is waived permanently after spending 1m in any year.
Ah, I thought that was an ongoing requirement each year. In that case I'm on track to waive the fee permanently on my Olive Gold, it seems.
Yeah. Massive change! I don’t see all that many people being able to spend 500man a year on their credit card plus another 120man on credit card investments. The platinum preferred card still has lots of perks with selected online shops, but probably not worth it for most people.
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Yeah. Not terrible, but not great.
how do you put your rent on your card?
Some management companies allow you to set it up. Mine doesn't. If you have a contract with a big corporate management company, see if they let you do this.
Don't SBI and Rakuten basically align with one another, since there's no incentive for any of them to be better than the other except for the duration of short-lived campaigns?
I redid my math and found that the platinum card was still a net positive. But I am not sure if it is a net positive over just having a gold card and not paying the 33,000 of annual fees. My math gave even margins for either.
Where is the piece of info about the worsening point back? In the linked page?
The part here: 2024年11月買付分（9/11～10/10まで設定分）以降の「三井住友カード つみたて投資」サービス内容（予定） Here are the old(new) bonuses: Plat: 60,000 (36,000 If you spend 5mil yen yearly) Gold: 12,000 (12,000 If you spend 1 mil yen yearly) Regular: 6,000 (6,000If you spend 100k yen yearly) Previously, there was no spending requirement. Old values are based on a 100k investment, which was not actually possible until now so, actual point values were half, except for May-Oct this year, which they are referring to as a "Campaign".
Thanks for including the old values. I've been in Japan so long - is this kind of stuff normal for credit card companies in other coutnries? I feel like Japanese companies never care about their customers. Credit card companies in particular fight against customer complaints when buyer protection is needed from a bad shopping experience, and they change T&C to worsen deals even for existing customers. It feels like just a massive bait and switch.
Many companies put out great deals to entice customers. If it isn't sustainable I assume they would change it.
Is this SBI or SMBC? Seems to be SMBC cards that are affected. I literally just applied for the Platinum Preferred card. It got stuck at the bank account linking stage because of middle name issues, so I need to fill in paperwork to complete, but this degradation might be enough of a change to stop me.
It's an SBI-SMBC partnership. SMBC online banking lets you link in SBI securities accounts and in exchange there are bonuses for using SMBC cards to fund SBI trading accounts.
Roger thanks
Does that include Prestia or only SMBC? Also, right now which is the best combo Securities Account - Credit Card to max points value through the Tsumitate Nisa payments?
Just regular SMBC, I think. As for max points on Tsumitate Nisa, no clue, I'm a US citizen so I don't use Japanese investing products in general.