BC Card Supports Customers Affected by Novel Coronavirus... "Payment Deferral Up to 6 Months"

Small and Micro Franchisees with Annual Sales Under 500 Million KRW
2-3 Months Interest-Free Installment Benefits

[Asia Economy Reporter Ki Ha-young] BC Card announced on the 6th that it has prepared financial support measures for customers and merchants affected by the novel coronavirus infection (Wuhan pneumonia).

If BC Card customers and small to micro merchants (annual sales of 500 million KRW or less) suffer damage due to the novel coronavirus, payment amounts (scheduled billing amounts for February and March) for lump-sum payments, installments, and cash services can be deferred for up to 6 months.

The deferral applies to BC Card customers and small to micro merchants (annual sales of 500 million KRW or less) who received cards issued by Woori Card, IBK Industrial Bank, SC First Bank, Hana BC Card, BNK Busan Bank, and BNK Gyeongnam Bank. Applications can be submitted through the BC Card call center from the 10th of this month until the 24th of next month.

To revitalize the weakened consumer market, support measures for BC Card merchants have also been prepared. From the 5th of this month until the end of next month, approximately 2.8 million small to micro merchants (annual sales of 500 million KRW or less) will provide interest-free installment benefits for up to 3 months to customers of 11 BC Card member companies using installment services, without a separate application process.

This content was produced with the assistance of AI translation services.