Credit card, e-commerce, QR code payment … A serialization project “The Truth About Advantages! Monthly Cashless Outlook” that compactly conveys the rapidly changing trends in cashless payments. From the latest cashless related news, we will pick up and deliver the news that the money editorial staff and the writer in charge of money are interested in. In the article and at the end of the article, we also post information on campaigns that you can participate in when the article is published, so be sure to check it out as well.
This time, I will tell you from the topic of the point preferential service of “up to 5.5% equivalent” that Mitsubishi UFJ Card started targeting two major convenience stores.
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With the new service of Mitsubishi UFJ Card, will it change to the position of the strongest credit card at convenience stores?
In addition to the basic point redemption, some credit cards offer preferential reward points at certain stores. Of these, the three that have received the most attention these days are the “Sumitomo Mitsui Card (NL)”, “Sumitomo Mitsui Card Gold (NL)”, and “Sumitomo Mitsui Card (CL)”. Since these credit cards will be reduced by up to 5% at 3 convenience stores (Seven-Eleven, Lawson, FamilyMart), since their introduction in 2021, they have kept the name of “the strongest credit card at convenience stores” (Convenience 3). In addition to the company, McDonald’s is also eligible for a maximum 5% reduction).
This month, the “Mitsubishi UFJ Card” started a service that was probably conscious of these three cards. From July 2022, if you use the Mitsubishi UFJ Card at two convenience stores (Seven-Eleven and Lawson, including Natural Lawson and Lawson Store 100), “up to 5.5% equivalent” for every 1,000 yen spent (up to 5.5% during the campaign period). Points equivalent to 10%) are now returned.
We have set out a point return rate that is “equivalent” to the three Sumitomo Mitsui cards (the reason for writing “equivalent” instead of “exceeding” will be described later), but this month, first of all, how much is this worth? I would like to verify it.
“Mitsubishi UFJ Card” with basic specifications
First, let’s review the Mitsubishi UFJ Card. The Mitsubishi UFJ Card is a credit card issued by Mitsubishi UFJ NICOS, a subsidiary of Mitsubishi UFJ Financial Group. It used to be called “MUFG Card”, but in July 2021, it was renamed to Mitsubishi UFJ Card.
The annual membership fee for this card is 1,375 yen, and you can use it once a year for free for the next year. The points that can be accumulated are “global points”, and the basic point return rate is “equivalent to 0.5%” (1P for every 1,000 yen used. When converted to 1P = 5 yen), which is a standard specification for credit cards. increase. With the renewal in July last year, the recent trends such as “touch payment” and “single-sided numberless” were introduced, but no other outstanding features were seen.
In fact, if you look at the reviews of the card on “Kakaku.com Credit Card Comparison”, you can see that “the sense of security issued by the largest financial group in Japan” and “high security” are not factors such as “point redemption”. Opinions that are the decisive factor for possession stand out.
The Mitsubishi UFJ Card had a quieter impression than other companies’ cards with unique characteristics, such as the aforementioned Sumitomo Mitsui Card’s “Maximum 5% reduction at convenience stores and Macs”, but this time it was the largest among the two convenience stores. With the launch of the sharp service of “return equivalent to 5.5%”, the presence of “the strongest card at convenience stores” has increased dramatically.
What is the actual return rate of “up to 5.5% equivalent”?
This time, the breakdown of “5.5% equivalent return” started by Mitsubishi UFJ Card is the sum of normal points “0.5% equivalent” and special points “5% equivalent”. For every 1,000 yen spent, “1P” for regular points is added with “10P” for special points, and when converted to 5 yen per 1P, the return rate will be “5.5% equivalent”. ..
Even if the usage amount per usage is less than 1,000 yen, points will be awarded for this service if the total usage amount at the target stores within the billing month period is 1,000 yen or more. However, points between target stores will not be added up, and each of “total amount at Seven-Eleven” and “total amount at Lawson” will be judged.
The target cards are “Mitsubishi UFJ Card”, “Mitsubishi UFJ Card Gold Prestige”, and “Mitsubishi UFJ Card Platinum American Express Card”. Points will be awarded not only for regular credit card payments at Seven-Eleven and Lawson, but also for touch payments and QUICPay payments via Apple Pay. However, please note that some stores, such as stores in commercial complexes, may not be eligible.
The value of the “global points” you care about
The points you can earn by using the Mitsubishi UFJ Card are “global points”. The basic usage is “product exchange”, “cash back” to be applied to the usage fee of Mitsubishi UFJ card, “transfer to miles and other points”, etc., but what is worrisome here is global It’s worth the points.
As mentioned above, Mitsubishi UFJ Card’s “return up to 5.5% at two convenience stores” is the return rate when converted to “1P = 5 yen”. On the company’s official website, there is a note that “up to 5.5% equivalent” is “when you exchange for a product equivalent to 1 point = 5 yen (the exchange rate of 1 point varies depending on the product).” You can see that the actual reduction rate changes depending on the application.