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Consumption tax point reduction card companies to real discount | NHK News

2019-08-26T09:32:18.979Z

Major credit card companies will use the cashless payment point redemption system implemented by raising the consumption tax rate in October.



Consumption tax point reduction card companies to real discount August 26 18:23

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With the cashless payment point redemption system implemented by raising the consumption tax rate in October, major credit card companies have directly deducted the amount to be redeemed from the card usage fee. As with the convenience store industry, this is a substantial discount.

However, in the “point return system” implemented in conjunction with the increase in the consumption tax rate in October, up to 5% of the purchase amount will be returned to points that can be used at a later date when shopping with cashless payment at small and medium-sized retail stores. The

In this regard, major credit card companies decided to take the form of discounts by deducting the amount to be refunded when charging the card usage fee.

The deduction period is billed in the month used by “JCB”, and “Mitsubishi UFJ Nicos”, “Sumitomo Mitsui Card”, “Credit Saison”, and “UCC Card” are billed in the month after the month of use.

According to each company, many credit cards already have their own point system, so discounts are easier for consumers to understand.

However, some branded cards issued by Mitsubishi UFJ NICOS will take measures such as adding a reward to the existing point system.

Four major convenience stores are also considering deducting points from the purchase amount on the spot at the time of payment, and the response to substantial discounts is expanding.

Source: nhk

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