Samsung Card Launches 'Samsung iD Pocket Card' Exclusively for Teenagers

Parents Set Card Usage Limits for Minor Children (Ages 12-18)
Up to 2% Discount on Public Transport, Up to 8% on Convenience Stores, Delivery Apps, Deli, and Coffee Shops

[Asia Economy Reporter Ki Ha-young] Samsung Card announced on the 6th that it has launched the 'Samsung iD POCKET Card,' a card product exclusively for teenagers.

Earlier, Samsung Card was designated as an innovative financial service by the Financial Services Commission in January for its 'Teenage Family Card' service. The Teenage Family Card is a product designed to reduce risks and inconveniences that may occur when teenagers temporarily hold their parents' credit cards or when parents transfer large amounts to their children's check cards. It also has the advantage of allowing parents to conveniently manage their children's spending in real time while helping to foster healthy spending habits in their children and enjoying credit card benefits.

The Samsung iD POCKET Card offers discount benefits when teenagers use public transportation such as buses and subways, which they frequently use. First, it provides a basic 1% discount benefit without any previous month's usage amount or discount limit. Additionally, if the previous month's usage amount is 100,000 KRW or more, a 2% discount on public transportation is provided up to a maximum of 5,000 KRW per month.

Along with this, discount benefits are also provided in areas frequently used by teenagers. When used at convenience stores, delivery apps, delis, and coffee shops, a basic 1% discount benefit is provided without any previous month's usage amount or discount limit. Also, if the previous month's usage amount is 100,000 KRW, an 8% payment day discount is provided up to a maximum of 5,000 KRW per month.

This card helps ensure safe card use by restricting available industries and monthly usage limits for children. It can only be used in transportation, stationery, bookstores, convenience stores, academies, hospitals/pharmacies, and food and beverage industries, with a monthly usage limit of 100,000 KRW. However, upon parental request, the limit can be increased up to 500,000 KRW per month.

The card design allows selection from three designs tailored to teenagers' tastes, and users can customize their own card using the included stickers. The annual fee is 1,000 KRW.

A Samsung Card official said, "We launched a product tailored to teenagers' tastes to help foster healthy spending habits in teenage children," adding, "We plan to continuously introduce various services that meet customers' preferences in the future."

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