The benefits of reputation

So I have been doing career mode for couple of weeks now, but I havent grasped the benefit of reputation. What does it give me actually? More missions or what?
And after a mission it sometimes pay out reputation bonus. What is that?

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I’m also wondering about the effect Reputation has
(in Career Mode :grin:).

Increases career mission rewards and reduces career insurance costs. At an S rating, I believe it increases your payouts by +20%. I forget the exact decrease for insurance, but I’m pretty sure it is at least -10%.

I believe it also increases XP gain. It may also increase passive income.

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I have had S, A and be and are at A now. Honestly, I havent noticed any difference.

Moved to User Support Hub as the OP is requesting assistance.