Good morning. It’s まさきん.
While reviewing my household finances, I opened the Rakuten Wallet app for the first time in a while. That is when I spotted a new points program.
What kind of campaign is this?
Using the campaign types I sorted out earlier, this one is closest to a new sign-up bonus. The conditions go beyond just opening an account, though. You also need to make a crypto trade.
The official name is “Get 500 Points for Opening a New Account and Trading.” It is an ongoing program run by Rakuten Wallet, Inc.
Rakuten Wallet is a subsidiary of Rakuten Securities Holdings, Inc. As I understand it, the service handles spot trading of crypto assets.
Conditions for getting the 500 points
There are three conditions, and you can complete them in any order.
First, enter the program from the program page. Next, apply for a new Rakuten Wallet spot trading account. Finally, make a spot trade in crypto.
There is apparently no minimum trade amount. Even just exchanging points for crypto seems to count. Rakuten Points are worth about 1 yen per point, and you can exchange them for crypto starting from 100 points.
Bitcoin is not the only eligible asset. Spot trades of any crypto asset that Rakuten Wallet handles appear to qualify.
The program is for Rakuten members who do not have a Rakuten Wallet account yet. If you already have an account, you are not eligible.
Rakuten Mobile is also one of the eligible services. You can sign up through my referral, and if you switch carriers, you get up to 14,000 points. If you have been meaning to cut your phone bill, take a look at this too.
Clicking this opens the Rakuten login page. Once you log in, you’ll see the campaign details.
What I found a bit confusing
Even though it is an ongoing program, it has set periods. In practice, it seems to run in units called “rounds” that roll over every month.
The deadline for meeting the conditions depends on the month you enter. It is safest to check the official site for the period that applies to you.
The points do not arrive right away, either. The rough timeline seems to be late in the month after next, counting from your entry month. You may need to be a little patient.
According to the program, it is not tied to the separate campaign Rakuten Bank is running. If you are interested in both, it is probably best to check the conditions for each one separately.
Things to check before applying
There are two ways to open an account: using your My Number Card, or linking it with a Rakuten Bank account. If you already have a Rakuten Bank account, the process may go more smoothly.
You need to download the dedicated app to make spot trades. Be careful not to stop at just opening the account.
The bonus is limited to once per person. Even if you enter multiple times, it seems you only receive it once.
Summary
The three conditions were entering, opening an account and making a trade. You can do them in any order, and there is no minimum trade amount. The hurdle looks fairly low.
That said, crypto is an asset whose price moves. It can go up, and it can go down. I do not think there is any need to push yourself to trade more just for points.
The conditions and rewards may change in the future. If you are thinking about applying, be sure to check the latest information on the official site. Any investment-related content here is a general explanation of how things work, not investment advice.
This time it was a program just for Rakuten Wallet. On top of that, you can also sign up for Rakuten Mobile through my referral. Switching carriers gets you up to 14,000 points, so if you have not done it yet, take a look at this too.
Clicking this opens the Rakuten login page. Once you log in, you’ll see the campaign details.
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