Applying for an Orico Card THE POINT is simple and tailored to meet financial needs in Japan. Over the decades, Orico has built a strong reputation, and the Orico Card is one of its most popular offerings.
Focusing on the key features and benefits of the Orico Card helps applicants make informed decisions. This card is designed to provide value through its rewards system, convenience, and compatibility for everyday use in Japan.
Here’s a concise guide outlining the steps, eligibility criteria, and required documents to apply for an Orico Card, ensuring a smooth and efficient application process.
Orico Card THE POINT Overview
Orico Card THE POINT is a standout product offered by Orico, a company founded in 1954 under the leadership of President Tetsuo Iimori.
This card has gained significant popularity in Japan for its competitive benefits and flexibility in meeting various financial needs. The card aligns with Orico's strong portfolio, which includes installment credit, cash loans, and credit cards.
As of September 30, 2023, Orico's paid-in capital of ¥150 billion highlights the company's solid financial foundation, ensuring reliable services for cardholders in Japan.
Core Business and Financial Stability
Orico’s operations include installment credit, credit card services, cash loans, and settlement services. These contribute to its robust foundation, giving applicants confidence in the company’s reliability.
Orico's presence in Japan's financial sector, highlighted by its listing on the Prime Market of the Tokyo Stock Exchange under stock code 8585, adds to its credibility.
Key Details for Applicants in Japan
Applicants should know that Orico's fiscal year ends on March 31, with financial reports made available annually.
These reports reflect the company’s stability, which assures potential Orico Card THE POINT holders of secure and reliable financial services.
Best Orico Credit Cards in Japan Today
Orico provides a range of credit cards catering to various needs and preferences in Japan.
These cards offer rewards, premium features, and options for individuals and businesses. Here’s a detailed overview of their most popular options:
Orico Card THE POINT:
- No annual fees and generous reward points.
- Earn 1 Orico Point for every ¥100 spent. The reward rate doubles for the first six months after registration, maximizing the benefits for new cardholders.
- Exclusive deals and offers are available at Orico Mall, making this card ideal for frequent shoppers in Japan.
Premium Gold:
- Combines luxury features with affordability.
- Includes contactless payment options and access to Orico Club Off services.
- Offers competitive pricing while delivering high-value services for those who appreciate a premium lifestyle.
EX Gold for Biz:
- Low annual fee of ¥2,000 (excluding tax).
- Preferential reward points program.
- Business Assist Services and Orico Mastercard T&E Savings.
Orico Card THE POINT Benefits
The Orico Card THE POINT offers various perks that cater to users in Japan. Below is a concise breakdown of its key features:
- No Annual Fee with High Rewards: The Orico Card THE POINT comes with no annual fee and offers a high return rate, making it ideal for those looking to maximize rewards.
- Attractive Point Return Rates: New members can benefit from a 2% point return rate for the first six months. After the promotional period, the standard rate is 1.0%. During the promotional phase, users can accumulate up to 5,000 Orico points.
- Flexible Payment Options: The Orico Card THE POINT Apte allows users to adjust monthly payment amounts freely, ensuring flexible financial management.
- Brand and Protection Options: You can choose between the Mastercard and JCB brands. Both include loss and theft protection, travel support, and touch payment options, such as Mastercard Contactless and JCB.
- Additional Cards: For added convenience, users can apply for supplementary options such as ETC cards, family cards, and QUICPay card types.
- Point Accumulation: Earn 1 Orico point per 100 yen spent. Double points when shopping through Orico Mall. Points can be redeemed for online gift certificates or transferred to other point systems starting at 500 Orico points.
- Kurashi Smile Program: This program awards 1 mile for every 1,000 yen spent, which converts to 5 Orico points. Users can redeem points starting from 200 smiles for various products.
- Contactless Payment: Cards have iD, QUICPay, and other touch payment options. Make secure and fast transactions at convenience stores, supermarkets, and more by holding the card over a terminal.
- Apple Pay Compatibility: Use the Orico Card THE POINT with Apple Pay for secure, hassle-free payments. For added security, transactions are protected by a unique number assigned to your credit card.
Application Steps for Orico Card
Applying for an Orico Card in Japan is simple and efficient. Follow these steps to complete your application:
Step 1: Select Your Orico Card
Choose the Orico Card that matches your preferences. Consider details like reward programs, annual fees, and special benefits.
- Tip: Visit the Orico website to compare options and find one that suits your lifestyle.
Step 2: Complete the Online Application
Complete the application form on the Orico website. To avoid delays, ensure that all personal and financial information is accurate.
Eligibility Requirements
To qualify for an Orico Card, you must meet the following criteria:
- Age: Applicants must be at least 18 years old (or 20 in certain cases).
- Residency: A valid residential address in Japan is required.
- Income: A stable source of income is essential to demonstrate financial reliability.
- Credit History: A clean credit history improves approval chances.
- Employment: Full-time or consistent income is preferred.
- Documentation: Ensure all required documents are accurate and complete.
Tip: Double-check all details in your application to minimize errors.
Step 3: Submit Required Documents
Provide the necessary documents to verify your identity and financial status. These typically include:
- Identification Proof: A government-issued ID, such as a passport or driver’s license.
- Income Proof: Recent pay slips or tax returns.
- Residence Proof: Utility bills or a rental agreement.
- Bank Statement: Recent financial transactions and savings records.
- Employment Verification: Employer confirmation letter or income statement.
- Self-Employed Applicants: Additional documentation like business registration or financial statements may be required.
Tip: Ensure scanned copies are clear to avoid delays during verification.
Step 4: Await Approval
Orico reviews your application to assess eligibility and creditworthiness. This process may take a few days.
Step 5: Receive Your Card
Once approved, the Orico Card will be sent to your registered address in Japan.
Step 6: Activate Your Card
Activate the card through Orico's website or via phone as instructed.
Interest Rates and Fees
Here’s a concise breakdown of the fees you may encounter when using the Orico Card in Japan:
- Annual Fee: Typically ranges between 5,000 to 10,000 yen, depending on the card type.
- Interest Rates: Variable rates apply for purchases, cash advances, and balance transfers, generally between 10% and 20%.
- Other Charges: Late payment fees, foreign transaction fees, and over-limit fees may range from 1,000 to 3,000 yen.
- Penalty Fees: Charges for returned payments or exceeding the credit limit usually range from 2,000 to 5,000 yen.
- Fee Waivers: Some fees might be waived during the first year or when certain spending thresholds are met.
Contact Information for Orico Card
For assistance regarding the Orico Card, you can contact their customer service team through the following channels:
- Address: 2-1, Kojimachi 5-chome, Chiyoda-ku, Tokyo 102-8503, Japan
- Telephone: +81-3-5877-1111
Bottom Line
Applying for an Orico Card is straightforward when the necessary information and documents are prepared.
Orico's customer service team provides reliable assistance and support for any issues or questions.
Disclaimer: The information here is for general guidance. For accurate and updated details on Orico Card applications and services, visit the official Orico website or contact their customer service team in Japan.