Launch of "Bungaejangter Samsung Card" Offering Up to 3% Rewards on Spending
1% Point Accrual at Domestic and Overseas Merchants
On October 14, Samsung Card announced the launch of the "Bungaejangter Samsung Card" in collaboration with Korea's leading secondhand trading platform, Bungaejangter.
Bungaejangter Samsung Card, launched by Samsung Card in collaboration with Korea's leading secondhand trading platform Bungaejangter. Samsung Card
View original imageThe card's key feature is that its benefits are provided as Bungae Points, which can be used for secondhand transactions on Bungaejangter. Each Bungae Point is worth 1 won. When purchasing products on Bungaejangter, customers can use Bungae Points to pay for part or all of the product price.
The card allows users to earn up to 3% of their spending on Bungaejangter as Bungae Points.
Cardholders earn a basic 1% of the amount spent at domestic and overseas merchants as Bungae Points. When making payments on Bungaejangter, an additional 2% is awarded. This additional 2% benefit is provided up to a maximum of 40,000 points per month, depending on the previous month's spending.
To commemorate the launch of the co-branded card, the two companies are running promotions such as additional Bungae Point accrual and interest-free installment plans.
During the promotional period, customers can earn up to 5% in Bungae Points when paying for products on Bungaejangter, with the additional 2% bringing the total possible accrual to 5%. The point accrual benefit is provided up to a maximum of 70,000 points per month, depending on the previous month's spending.
If a customer pays 500,000 won or more for a "Bungae Care" product-a service where a professional inspection team checks authenticity and functionality-they will receive a 12-month interest-free installment benefit.
The annual fee is 20,000 won for both domestic use and international use (Visa).
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A Samsung Card representative stated, "For the first time in the card industry, we have launched a co-branded credit card with a major secondhand trading platform," adding, "The two companies will continue to collaborate in various ways going forward."
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