Woori Bank-Lotte Card Partnership's First Project... Launch of 7 Credit Cards and 7% Annual Savings Account
Up to 7.0% Annual Interest 'Woori Magic Savings by Lotte Card' Sells 100,000 Accounts
[Asia Economy Reporter Ki Ha-young] Woori Bank and Lotte Card, which recently signed a strategic business agreement, launched seven types of credit cards and a savings product offering up to 7% annual interest as their first co-branded products on the 28th.
Based on Lotte Card's popular products, they introduced six co-branded personal credit cards and one business card. The co-branded personal credit cards are equipped with cash withdrawal and deposit functions. The newly released co-branded credit cards include Woori Bank Roca Classic, Roca Platinum Discount Type, Roca for Shopping, Lollacard, I'm Wonderful Plus, Point Plus Grande, and Lotte Auto Bill corporate card, totaling seven types. (However, the Woori Bank Roca for Shopping card excludes the cash withdrawal and deposit function.)
Additionally, the high-interest savings product "Woori Magic Savings by Lotte Card," offering up to 7.0% annual interest, will be sold to 100,000 accounts. The subscription period is one year, with a maximum monthly deposit limit of 500,000 KRW. The base interest rate is 1.5% per annum. An additional preferential interest rate of 0.5 percentage points per annum is provided upon subscription to Woori Open Banking and agreement to product and service marketing. Furthermore, a special preferential interest rate of up to 5.0 percentage points per annum is offered when issuing and meeting usage conditions of the Woori Bank co-branded personal credit Lotte Card.
The co-branded cards and savings products can be applied for and subscribed to at Woori Bank branches, internet banking, and the mobile banking application (app) One Banking.
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A Lotte Card official stated, "Starting with this launch, we plan to introduce additional co-branded financial products that combine the strengths of both companies," adding, "We will strive to provide the best service to customers through multifaceted cooperation in product offerings, sales infrastructure, digital channels, and customer support."
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