[Ki Ha-young's Life Card] Set Up Automatic Living Expense Payments and Get Cashback Benefits

Automatic Payment Cashback Event by Card Company
Up to 70,000 KRW Cashback Based on Number of Applications
Reapplication Required When Changing Automatic Payment Card

[Asia Economy Reporter Ki Ha-young]Is there anyone these days without at least one credit card? In modern society, anyone can have a card if they want. Credit cards have brought unparalleled convenience to daily life. Now, wherever you go, you can easily see people paying with credit cards or smartphones. As demand has increased, cards with various benefits are being released almost daily. Accordingly, Asia Economy delivers various stories related to cards, which are inseparable from our consumer life, through the weekly 'Cards in Daily Life' corner, from introducing new cards to industry behind-the-scenes and guides for card beginners.

Regarding various monthly living expenses such as apartment management fees, city gas, and electricity bills, card companies are offering automatic payment events. If you apply for automatic payment with the designated card, you receive cashback benefits. By setting up automatic payments with a card, you don't have to worry about different withdrawal dates for each living expense, and you can also reduce concerns about possible late payments.

For apartment management fees and city gas charges, Shinhan, Samsung, KB Kookmin, and Hyundai Card offer cashback benefits ranging from 3,000 to 5,000 KRW when applying for automatic payment. Shinhan Card gives 3,000 KRW cashback each for newly registered automatic transfers of apartment management fees and city gas charges, up to a maximum of 6,000 KRW. Samsung Card also provides a 5,000 KRW discount benefit when setting up automatic payments for apartment management fees, city gas charges, the four major insurances, and electricity bills. KB Kookmin Card offers 5,000 KRW for apartment management fees and 3,000 KRW for city gas charges as automatic payment benefits, and Hyundai Card provides a 5,000 KRW billing discount for new regular payment applications for city gas charges until the 31st of this month.

KB Kookmin Card offers up to 10,000 KRW cashback benefits for automatic payments of the four major social insurances until the 31st of this month. Upon first-time automatic payment registration within the period, 7,000 KRW cashback is provided, and for each member, if the first payment is made by the end of the following month after registration, an additional 3,000 KRW cashback is given. Payment agency fees (0.8% for credit cards, 0.5% for check cards) are also discounted up to 40,000 KRW per month.

Lotte Card and Hana Card are running events offering cashback of up to 25,000 KRW and 70,000 KRW respectively, based on the number of applications for various living expenses. Lotte Card provides cashback benefits up to 25,000 KRW (for 5 or more applications) when newly registering automatic payments for communication, city gas, apartment management fees, electricity, and the four major social insurances, and if the lump sum or installment amount excluding the automatic payment amount is 100,000 KRW or more in the first month of automatic payment. Hana Card also returns cashback up to 70,000 KRW (for 6 applications) when applying for automatic payments for apartment management fees, city gas, electricity bills, telephone bills, the four major insurances, and rent.

With the start of the second semester, school banking automatic payment events are also underway. When tuition fees, meal fees, and after-school learning fees paid to elementary, middle, and high schools nationwide are automatically paid by card instead of bank transfer, Shinhan and KB Kookmin Cards offer 5,000 KRW cashback benefits. Hana Card provides a billing discount benefit of up to 3,000 KRW once a month, allowing users to receive up to 9,000 KRW in benefits by using it every month until the end of the year.

It is necessary to check detailed information about automatic payment benefits for each card company on their respective websites. Also, do not forget that if you replace or lose the credit card you used for automatic payment, you must reapply for automatic payment.

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