Is there a point to collecting Achievements?

After playing for a few hours, I have collected a handful of Achievements (out of 749) in Xenoblade Chronicles X.

I was wondering if there were any in-game rewards for collecting some or all of them. Something like getting to meet Yoshi after collecting all Power Stars in Super Mario 64, or receiving the Fierce Deity Mask for collecting every other Mask in The Legend of Zelda: Majora's Mask.

Are there such rewards, or are Achievements only for personal recognition, like in most Xbox or PlayStation games?

Solution 1:

Completing an achievement awards Credits and/or experience. There don't seem to be any other in-game effects. Of course there is the personal aspect of simply having completed them as well.

From the wiki page:

Achievements are earned by meeting certain requirements. Upon completion, the player is awarded with a certain amount of Credits and/or Experience Points. There are a total of 749 achievements.