Lotte Card Launches 'Cash Note Lotte Card' for Sole Proprietors... "Earn Up to 2%"

Grant preferential limits reflecting franchise sales
Earn up to 2% 'Rokacoin' on card usage amount

[Asia Economy Reporter Ki Ha-young] Lotte Card announced on the 4th that it will launch the 'Cash Note Lotte Card,' offering benefits for individual business owners in partnership with Korea Credit Data.

The Cash Note Lotte Card provides unlimited accumulation of up to 2% in exclusive points called 'Roca Coins' every time it is used. Accumulated Roca Coins can be used to pay interest or payment amounts incurred when using short-term card loans (cash services) and long-term card loans (card loans). Even if there were no transactions last month, a basic accumulation of 1% of the usage amount is provided, and if the average monthly balance of short-term card loans (cash services) and long-term card loans (card loans) last month is 3 million KRW or more, a special accumulation of 2% is given.

Also, if the card usage performance last month is 300,000 KRW or more, users can use the 'Cash Note Premium' (monthly fee 5,390 KRW) for free. Cash Note is a merchant sales management and comprehensive business management service operated by Korea Credit Data, currently used by 700,000 business locations nationwide. The Cash Note Premium is a paid service that provides various information helpful for business operations, such as daily and monthly sales information of merchants, payment deposit information by card company, weekly customer visit reports, and comparative analysis data of stores within commercial districts.

This card grants preferential limits by reflecting not only personal credit scores but also the sales information of the merchant operated by the cardholder at the time of card issuance. It utilizes Korea Credit Data's Cash Note Credit Bridge to reflect actual operational data of merchants, such as sales growth trends, number of regular customers, and regular customer sales ratio. Through this, business owners with excellent sales performance can receive higher usage limits.

A Lotte Card official said, "This card is linked so that business operators using financial services for operating funds can receive various additional benefits when using the card," adding, "It is expected to help business operations by allowing users to enjoy financial and card benefits, as well as merchant management services, all with one card."

The annual fee is 20,000 KRW for both domestic and international use, and card issuance can be done by installing the Cash Note application (app), registering the business location, and then applying for the card.

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