KakaoBank Citi Card Launch... Starbucks Netflix YouTube Discounts

[Asia Economy Reporter Kim Min-young] Korea Citibank announced on the 27th that it has launched the ‘KakaoBank Citi Card’.

The card offers selected benefits targeting young customers who frequently use KakaoBank. The KakaoBank Citi Card provides a 50% billing discount when using global Starbucks and shared bicycles (Ttareungi, KakaoT Bike), and a 25% billing discount on music and video streaming services (Melon, Netflix, YouTube Premium), within a maximum monthly integrated discount limit of 20,000 KRW depending on the previous month’s spending.

Additionally, it offers a 5% billing discount on everyday essential sectors such as public transportation (bus, subway), telecommunications fees, delivery applications (Baedal Minjok, Yogiyo, Baedaltong), and convenience stores (GS25, CU, 7-Eleven).

Moreover, regardless of spending performance, it provides a bonus discount of up to 5,000 KRW based on the number of days used per month, and waives all overseas service fees on all overseas payments including online transactions.

A Citibank official said, “We have structured the benefits to cover everything from recent trends to everyday discounts so that people from their 20s and 30s to middle-aged and older generations can feel small happiness.”

The annual fee for this card is 7,000 KRW for domestic and international use (Visa) and 6,000 KRW for domestic use only. To commemorate the launch, customers who issue the card by the end of this year will receive stickers featuring Kakao Friends characters. Customers who sign up for Citi Card for the first time, agree to marketing use, and use the card at least once for a lump-sum or installment payment after issuance will receive a cashback of the first-year annual fee. Applications can be made through the KakaoBank mobile app.

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