
Rakuten Card to Increase Foreign Transaction Fee to 3.63% from March 1 Usage
Mitsubishi UFJ NICOS and its franchise partner companies will revise the administrative fee (overseas transaction fee) mainly charged for shopping in foreign currencies overseas to 4.09% before tax.
The overseas transaction fee is added on top of the billed amount when converting shopping payments made in foreign currencies into Japanese yen. It applies not only to in-person use overseas, but also to foreign currency–denominated online shopping.
When the international brand is Visa or Mastercard, the fee will be 4.5% including tax, 4.34% including tax for JCB, and 4.3% including tax for American Express. For some cards, the overseas transaction fee will differ.
The timing of the fee revision will be from usage on and after November 16 for Mitsubishi UFJ Cards and cards issued by franchise partner companies, and from usage on and after November 6 for NICOS Cards.
Among JAL Cards, the three brands Visa, Mastercard, and American Express are issued through a partnership with Mitsubishi UFJ NICOS.