Japan’s Aplus Credit Card Now Lets You Swap Points for Crypto
Japan’s financial scene just took an interesting turn. Aplus, a credit card tied to Shinsei Bank, has rolled out a feature that lets users convert their reward points into cryptocurrencies—specifically XRP, Bitcoin, or Ethereum. It’s the first time a major credit card program in Japan has offered something like this, and it might just nudge crypto a little closer to everyday use.
The partnership with SBI VC Trade, part of SBI Holdings, went live on July 8, 2025. For every 200 yen spent, cardholders earn 1 point. Once they hit 2,100 points—roughly $13 to $15—they can cash them in for crypto. No upfront money needed. Just points.
Why This Matters
It’s not just about the novelty. SBI has been pushing XRP for years, using it for quick, low-cost transactions. Now, with Aplus onboard, there’s a direct link between routine spending and digital assets. That’s a big deal for people who’ve been curious about crypto but hesitant to dive in with real cash.
And it’s not entirely out of the blue. Other companies, like Mastercard and Amex, have dabbled in crypto rewards through third parties. But Japan’s move stands out because it’s backed by the Financial Services Agency (FSA), which means there’s at least some oversight. That could make people feel a bit safer trying it out.
The Fine Print
Of course, there are catches. The conversion rate isn’t exactly life-changing—you’re not getting rich off credit card points. And once you’ve got the crypto, it’s on you to manage it. If the value goes up, taxes might come into play.
There’s also some uncertainty around how often you can convert points. The rules aren’t totally clear yet, so whether this stays appealing long-term depends on how Aplus and SBI tweak things down the line.
Still, it’s a step. A small one, maybe, but it’s another sign that crypto isn’t just for traders anymore. If nothing else, it gives people a way to test the waters without risking much. And in a country like Japan, where regulators keep a close eye on things, that might be exactly what some folks need to take the plunge.
Whether other banks follow suit? Hard to say. But for now, at least, Aplus cardholders have a new way to play with crypto—no wallet or upfront cash required.
