NISA Credit Card Accumulation vs. Orkan – A Comparison of Point Redemption Rates Reveals the Most Cost-Effective Online Securities Firm

Actually, Rakuten Securities is more advantageous than SBI Securities?

In the table, Rakuten Securities is shown with a blank for accumulated points, but this is because it does not offer accumulated points for the “eMAXIS Slim Global Stocks” fund. However, accumulated points are granted for another All Country type investment trust, the “Rakuten All Country Equity Index Fund.”

Both the “eMAXIS Slim Global Stocks” and the “Rakuten All Country Equity Index Fund” track the “MSCI All Country World Index (yen-denominated basis)” as their benchmark, and they are essentially the same product with different names. Rakuten Securities grants an annual rate of 0.017% as accumulated points for the Rakuten All Country Equity Index Fund.

With accumulated points at 0.017%, SBI Securities might seem more advantageous, but that’s not the case. The trust fee, which is the holding cost for the “Rakuten All Country Equity Index Fund,” is 0.0561% (inclusive of tax), lower than the 0.05775% for the eMAXIS Slim Global Stocks. Therefore, considering the real holding cost with accumulated points, Rakuten Securities stands at 0.0561% – 0.017% = 0.0391%, while SBI Securities stands at 0.05775% – 0.0175% = 0.04025%, giving Rakuten Securities the edge.

Well, this kind of micro-level difference might not be worth making a fuss about, but those who are using Rakuten Securities for credit card accumulation of the “eMAXIS Slim Global Stocks” should reconsider. Switching the accumulation target to the “Rakuten All Country Equity Index Fund” would allow them to receive accumulated points. Even if someone has been accumulating the “eMAXIS Slim Global Stocks” for years, changing to the other fund wouldn’t pose a problem since they have the same underlying assets, maintaining continuity in accumulation investments.

SBI Securities is currently under consideration regarding the timing of raising the credit card accumulation limit and the point granting rate after the limit increase. There might be changes in service content soon (currently, the redemption rate can go up to 5% depending on the card type, but the rate applied to accumulation amounts exceeding 50,000 yen might decrease). Additionally, since the eMAXIS Slim series aims for “the industry’s lowest operating costs,” it’s worth noting that there might be reductions in trust fees.