V Points (SMBC/Visa) program guide
The merged T Point / SMBC V Point network, and how it links cards, banking, and investment.
V Points integrate the former T Point and SMBC V Point systems; they redeem near ¥1 at many partner stores, exchange one-to-one with PayPay Points (limits apply), and connect to SMBC/Olive cards and SBI Securities.
Key points
- Operator: CCC/SMBC-led V Point network (former T Point integrated).
- Earn by presenting the mobile V Point card and by using SMBC-linked cards.
- One-to-one PayPay exchange, minimum 100, once per day, up to 30,000/month.
- Also supports WAON exchanges under current terms.
- Usually one year from the latest qualifying balance change; converted balances can differ.
Earning across the V Point network
V Points are the merged system of the former T Point and SMBC’s V Point, operated in the CCC/SMBC-led network. You earn by presenting the mobile V Point card or a physical point card at partners (convenience stores, FamilyMart, and many retailers), by using SMBC-linked Visa cards, and through account and investment activity. Merchant presentation and card-payment rates vary, and practical cash-like use is often near ¥1 through eligible redemptions.
Exchange, uses, and expiry
V Points redeem at ≈¥1 at a very large partner network and can pay SMBC card charges, fund investment at SBI Securities, or load V Point Pay for contactless Visa use. Since March 2026 they exchange one-to-one with PayPay Points, minimum 100, once per day and up to 30,000 per month — but a converted V balance carries a fixed one-year validity, so exchange should solve an actual redemption problem, not just move points between apps. Ordinary points usually extend for one year from the latest qualifying balance change.
Who this is for
- SMBC/Olive and SBI Securities users
What this is not
- People outside the SMBC/Visa ecosystem
- Converted (from PayPay) V Points expire in one year — do not exchange speculatively.
Frequently asked questions
Can PayPay Points become V Points?
Yes, one-to-one from 100 points, once per day and up to 30,000 per month. However, the converted V balance has a fixed one-year validity, so exchange to solve an actual redemption need rather than merely moving points between apps.
Can V Points transfer to WAON POINT?
Yes, under current linkage and exchange rules, subject to account linkage. V Points also exchange one-to-one with PayPay Points. Check the current terms before exchanging, and prefer redeeming where the balance stays useful to you.