[Gi Ha-young's Life Card] Thinner Wallet at Year-End... How About Card Company Discount Events?

Year-End Events Decline Due to COVID-19
Focus on Online and Overseas Direct Purchases

[Asia Economy Reporter Ki Ha-young]Is there anyone these days without at least one or two credit cards? 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 diverse 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.

Due to the impact of the novel coronavirus infection (COVID-19), year-end events by card companies have been scaled down. In previous years, there would have been a much wider variety of events, but this year the focus is on online shopping and overseas direct purchases.

The Trend is Online Shopping... Up to 20% Instant Discount

First, online shopping events catch the eye. KB Kookmin Card offers discount benefits at major online shopping malls Musinsa and ZIGZAG. At Musinsa Store, if you spend over 100,000 KRW by the 23rd, you get an instant discount of 6,000 KRW, and at ZIGZAG, if you spend over 70,000 KRW on Z payment products by the 31st, you get an instant discount of 5,000 KRW.

Hyundai Card also provides Christmas gift shopping benefits. They offer up to 25% instant discount on Coupang special event products, 5% billing discount on Naver Pay, up to 7% instant discount on Hyundai H Mall mobile, 5% instant discount at GS Shop, and 5% instant discount at CJ Mall. Hana Card offers up to 20% instant discount on Coupang LG Brand Day, 12% coupon discount for Smile Club members spending over 15,000 KRW at Auction Year-end Shopping Party, and also runs promotions using live commerce with WEMAKEPRICE. On December 24th at 7 PM, during WEMAKEPRICE's 'Selling Until the End Live Commerce' broadcast, if you purchase smoked pork large intestines with Hana Card on the broadcast day, you will be entered into a draw to earn Hana Money without separate application.

Overseas Direct Purchase at Amazon, iHerb... Up to $50 Discount

Not only online shopping but overseas direct purchase events continue from November. Shinhan Card offers a $10 instant discount for the first 4,000 cases paying for delivery forwarding fees at Malltail until the end of this month. Woori Card also provides up to 10,000 KRW cashback by application for overseas game and exam payments such as PlayStation and TOEFL until the end of this month. They also offer up to 12% discount on luxury overseas direct purchases at Catch Fashion and Farfetch, and up to $50 discount based on usage amount at Amazon and iHerb.

NH Nonghyup and Samsung Card Give Shinsegae Gift Certificates via Draw

In addition, NH Nonghyup Card runs the 'Year-end with Nonghyup Card' event throughout December. If you spend a total of 400,000 KRW or more in lump sum or installments with NH Nonghyup credit or check cards, you will be entered into a draw to receive Shinsegae gift certificates or cashback. The Shinsegae gift certificates are awarded as follows: 1st prize 5 million KRW (1 person), 2nd prize 2 million KRW (4 people), 3rd prize 1 million KRW (7 people). Cashback prizes are 30,000 KRW (100 people), 20,000 KRW (200 people), and 10,000 KRW (300 people). The draw will be held at the end of January 2021, and you must apply for the event via the NH Nonghyup Card website or card smart app.

Samsung Card launched the Home Life All-in-One event for consumers continuing stay-at-home life due to COVID-19. If you apply for the event and meet the conditions by the 31st, you will be entered into a draw to receive Starbucks Cafe Latte (Tall size) and Shinsegae E-Mart gift certificates worth 10,000 KRW or 50,000 KRW mobile gift certificates. Starbucks coupons can be won by spending a total of 200,000 KRW or more in lump sum or installments in online shopping or delivery app categories. Shinsegae E-Mart gift certificates can be received by meeting the above spending conditions plus paying for one or more paid memberships such as 11st All Prime or Coupang Rocket Wow within December.

If you have shopping plans for Christmas and year-end, referring to card company events can help protect your thinning wallet. However, if you open your wallet just because of events, your wallet will inevitably become thinner.

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