Hyundai Card Renews My Business Card... "Customized Discounts for Individual Entrepreneurs"
A Total of 15 Types, Enhanced Specialized Benefits by Business Industry
[Asia Economy Reporter Ki Ha-young] Hyundai Card announced on the 25th the launch of the renewed 'Hyundai Card My Business,' focusing on customized benefits by industry for individual business owners.
First introduced in 2009, this card gained great popularity with various business support services such as AI-based tax filing and VAT filing support for individual business owners. With this renewal, Hyundai Card optimized accumulation and discount benefits by business type and upgraded business support services based on data science.
The product lineup consists of 15 types, including five products: Hyundai Card My Business M, My Business M3, My Business X, My Business X3, and My Business Zero (hereafter M, M3, X, X3, ZERO). These are offered in three business categories: 'Food & Drink' for food service operators, 'Retail & Service' for distribution and service industry operators, and 'Online Seller' for online mall operators. The card features specialized accumulation, benefits, and services tailored to each business type, enhancing satisfaction for individual business customers.
Through this renewal, Hyundai Card designates frequently used merchants by business type as 'business expense areas' and provides special accumulation and discount benefits. M, M3, X, and X3 offer up to 5% M Point accumulation and discounts, while ZERO provides a 1.5% discount without performance conditions or limits. Food & Drink for food service operators offers special accumulation and discounts at large marts, supermarkets, and meal ingredient specialty malls; Retail & Service for distribution and service operators provides benefits on telecommunications fees and non-life insurance; Online Seller offers special accumulation and discounts on online shopping and overseas merchants. Special accumulation and discount benefits are provided for the four major social insurances and electricity and gas bills regardless of the product used for payment.
For platinum cardholders M3 and X3, services that discount advertising and business operation costs are also provided. Food & Drink offers 5% off Baedal Minjok advertising fees and 10% off Sesco services; Retail & Service offers 5% off Naver advertising fees and 10% off ADT Caps and S1 usage fees. Online Seller provides 5% off Naver advertising fees and 10% discounts on shopping mall management solutions such as eCellers and EasyWinner.
Accumulation and discount benefits available at all merchants beyond business expenses are also significant. M accumulates up to 4.5%, M3 up to 6% in M Points. X and X3 offer discounts up to 1.2% depending on monthly usage amounts. ZERO provides a 0.7% discount at all merchants without performance or limit restrictions.
Hyundai Card upgraded business support services by leveraging differentiated digital capabilities. New Hyundai Card My Business customers receive sales and deposit management reports and store customer analysis data refined directly by Hyundai Card, which can also be used for marketing. Additionally, various services specialized for individual business owners are available through the Hyundai Card app.
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The annual fees are 50,000 KRW for M and X, 110,000 KRW for M3 and X3, and 30,000 KRW for ZERO. A service to engrave the company name on the card plate is provided, and M, M3, X, and X3 customers can choose the card plate design and receive a metal plate issuance.
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