As one of the leading global financial institutions, Sumitomo Mitsui Banking Corporation offers a wide variety of financial products and services. This includes their most popular credit card Sumitomo Mitsui Classic Credit Card.
Credit cards nowadays are very important as they provide security and flexibility in terms of finances. You can manage your expenses properly and with the Sumitomo Mitsui Classic Credit Card, you also gain even more with rewards and other perks.
If you want to learn more about the Sumitomo Mitsui Classic Credit Card, check out the article below to find out how to apply.
Sumitomo Mitsui Classic Credit Card Perks and Features
The Sumitomo Mitsui Classic Credit Card is one of the most commonly used credit cards in Japan.
Many Japanese often order and use this credit card for various transactions as it is widely accepted all over the country.
There are also a lot of perks and features that you can take advantage of when you have the Sumitomo Mitsui Classic Credit Card. Check them all out below.
No Annual Fee for the First Year
Many credit cards often require you to pay an annual fee for maintaining the card but with the Sumitomo Mitsui Classic Credit Card, you get to enjoy your first year having no annual fee so you can do more with your money.
This can also help you save more money by having to pay less charges when using the card. After that, the annual fee will revert to 1,375 yen which also includes tax.
Earn Points Seamlessly
With the Sumitomo Mitsui Classic Credit Card, you also get to earn reward points without any complicated mechanics to follow.
Credit cards are widely accepted all over the country, which means you have more ways to earn more points. You earn 2.5% more points when you use the card at convenience stores and even at McDonald's.
There is a list of establishments that you can check out if you want to earn more points. By simply using the card for any purchases, you already have more value with your reward points.
Redeeming Your Points
You can then redeem the points that you have collected from all the transactions and purchases and use them to redeem even more rewards.
The rewards differ from establishments as you can use your reward points to pay for your next purchase. You can also use it for discounts and promotions.
The flexibility of the rewards you get from redeeming your points makes it very interesting for people as it caters to different kinds of needs.
Travel Insurance Coverage
When you travel around Japan or abroad, you can finally rest easy now that you know you are covered by travel insurance.
All you need to do is book your next travel destination with the Sumitomo Mitsui Classic Credit Card and you are already covered.
Overseas travel accident insurance coverage is up to 20 million yen. You will never have to worry about medical expenses when traveling with the help of this amazing credit card.
Interest Rates and Other Charges
When it comes to interest rates, the Sumitomo Mitsui Classic Credit Card offers one of the most competitive rates.
You have an interest rate of 15% to 18% APR for transactions. You may have to pay an annual fee a year after opening the account.
Who is the Sumitomo Mitsui Classic Credit Card Best For?
With so many credit cards available in Japan, you might wonder if the Sumitomo Mitsui Classic Credit Card is the right card for you.
The Sumitomo Mitsui Classic Credit Card is intended for those who are looking for a credit card that offers very simple coverage.
Credit card beginners are also very welcome to apply for this card as it does not have a complicated application procedure.
Suppose you're looking for a credit card with competitive rates and one that you can use almost anywhere in Japan. In that case, you should already be applying for the Sumitomo Mitsui Classic Credit Card.
Contact Details
If you want to learn more about the Sumitomo Mitsui Classic Credit Card, you can visit their official website or you can contact their customer support department through the numbers 81-3-3282-8111.
You can inquire about your application status or simply ask for more details about the card. Their main office is located at 1-1-2, Marunouchi, Chiyoda-ku, Tokyo, Japan.
Things to Consider Before Applying for the Sumitomo Mitsui Classic Credit Card
There are a lot of things that you need to prepare before you order a Sumitomo Mitsui Classic Credit Card.
These criteria must be met first so you can be eligible to apply and order for this credit card.
Take note that you will be required to provide digital copies of documents in case you want to apply online.
Financial Creditworthiness
You must assess your financial creditworthiness first before you order a Sumitomo Mitsui Classic Credit Card.
You can check your credit report to see if your credit score allows you to apply for the card.
This can take some time to request for our credit report so be sure to do this first before you move to the next requirement.
Your Ability to Pay
Your ability to pay them back will be one of the top requirements for the card.
You must have a stable income and you need to provide them with details such as your nature of work, your employment status, annual income, and how many years you've rendered your service to the company.
The issuer will also require you to provide proof of your payment capacity by declaring all of your income sources.
How to Order the Sumitomo Mitsui Classic Credit Card
Once you are eligible and ready to order the Sumitomo Mitsui Classic Credit Card, all you need to do is go to their official website and click on Apply.
Fill out the online application form, upload the necessary documents, and review everything including the terms and conditions before you submit.
The screening process for applicants is not disclosed by the company but it will be very difficult for you to get the card if you have a bad credit rating.
How Long Does It Take to Order the Sumitomo Mitsui Classic Credit Card?
The application and screening time depends on how fast and prepared you are for the entire application.
It only usually takes a minimum of 5 minutes to complete the screening once you have all the required documents ready.
While it may take some time for new credit card applicants, you can always receive updates by calling their customer service hotline. After approval, you should receive your new credit card one week later.
Conclusion
With its wide range of benefits and newbie-friendly approach, it is no wonder why the Sumitomo Mitsui Classic Credit Card is very popular in Japan. Almost everyone has one and it is now time for you to get one for yourself.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
