Glossary of terms commonly used in the Wallet


8 Information

cardmember agreement

The cardmember agreement is the terms and conditions that define the behavior to be followed when using a credit card. The cardmember agreement is found in the contract you review when you apply for a credit card. The cardmember agreement is in place to detect theft and unauthorized use.”

cash advance

Cash advance is the process of borrowing cash using a credit card’s cash advance facility. The card can be used by inserting it into ATMs of banks and other affiliated financial institutions, cash dispensers of affiliated companies, and ATMs and multimedia terminals at convenience stores.

exchange fee

The exchange fee is the fee charged for converting your currency into a foreign currency. The exchange fee is paid to the financial institution that requested the exchange. The need to pay this fee arises when traveling abroad or when purchasing goods denominated in a foreign currency.

installment payment

The method of paying the full amount required for a purchase at one time is called lump-sum payment, whereas the method of paying in installments is called installment payment. Since all payments made in installments fall under the installment payment category, the number of installments, such as two or ten, is irrelevant.

merchant fee

Merchant fees are fees paid to credit card companies by merchants who sign a contract with a credit card company to install credit card payment systems.

overseas remittance

Overseas remittance refers to the act of transferring money to an overseas bank account. Money can be sent to organizations such as schools and companies, as well as to individuals such as family members and acquaintances. To send money from Japan to someone already abroad, the recipient must have an account abroad.

overseas travel accident insurance

Overseas travel accident insurance is an insurance policy that provides support for problems that occur during overseas travel. The coverage includes “accident and illness expenses” to pay for hospital visits due to injury or illness, and “damage to personal belongings” in the event that your belongings are stolen or damaged.

student card

A student card is a credit card exclusively for students. Unlike most credit cards, student cards are only issued to students 18 years of age or older who are enrolled in junior colleges, four-year colleges, graduate schools, or vocational schools, etc. Students under 20 years of age must have parental consent.

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