Cheonji Ilbo | [Today’s Financial Products] Woori Card Launches ‘Card-ui-Jeongseok’ Corporate Cards … Hana Card Unveils ‘VIVA+ Check Card’
Woori Card launched three cards in the 'Card-ui-Jeongseok' corporate series on July 2, 2018. The card plate design incorporates Korean painter Kim Hyun Jung's artwork, rendered in silver, gold, and pink-gold for each product (the same article also covers Hana Card's launch of the 'VIVA+ check card').
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[Cheonji Ilbo = Reporter Park Su-ran] Woori Card (President Jung Won-jae) launched three corporate cards in the 'Card-ui-Jeongseok' series on the 2nd: 'Card-ui-Jeongseok Corporate,' 'Card-ui-Jeongseok Corporate Point,' and 'Card-ui-Jeongseok Biz.'
'Card-ui-Jeongseok Corporate' is a versatile flagship corporate card offering premium services tailored to business operations. It provides valet parking at premium domestic hotels and Incheon International Airport, free airport lounge access (twice a year), discounts on hotel rooms and dining, travel discounts, and golf reservation services.
'Card-ui-Jeongseok Corporate Point' offers point-accrual benefits optimized for the spending patterns of small and mid-sized corporate business owners. With no monthly cap, it accrues 0.2% in points on spending at all domestic merchants, and in particular gives a special 1% point accrual for new car purchases (domestic and imported), the four major gas stations (SK Enclean, GS Caltex, S-OIL, Hyundai Oilbank), and overseas merchant spending.
'Card-ui-Jeongseok Biz' offers benefits and tax-support services specialized for the expense categories of individual business owners. It provides a base discount of 0.2% at all domestic merchants with no maximum cap, offering unlimited benefits. It also designates online shopping, warehouse-club discount stores, gas stations, non-life insurance, mobile telecom, security companies, sanitation companies, and overseas merchants as special categories, offering discounts of up to 7% based on the prior month's spending.
Customers can also use the tax-support 'Win-Tax' service to handle a range of tax administration tasks in one place, including integrated sales/purchase management, e-tax invoice issuance, and VAT refund support.
These three corporate cards also pursue a more upscale design reflecting 'the beauty of Korea.' The card plate design incorporates artwork by Korean painter Kim Hyun Jung, with each product rendered in silver, gold, or pink-gold.
Hana Card (CEO Jeong Su-jin) has launched the VIVA+ check card, specialized in fee benefits for customers traveling abroad.
As the trend toward independent overseas travel spreads, card use at overseas merchants is rising alongside use of local currency, but card payments carry a usage fee and an international brand fee, placing an inevitable financial burden on customers. To ease this burden and make it easy to use a card conveniently even abroad, Hana Card developed the VIVA+ check card, which waives these fees.
Regardless of spending amount or number of transactions last month, the VIVA+ check card waives the $0.5 per-transaction overseas usage fee and the 1% international brand fee on payments at overseas merchants. Customers using a KEB Hana Bank settlement account also have the $3 per-transaction overseas withdrawal fee waived when withdrawing cash from overseas ATMs, so with the VIVA+ check card alone, customers can substantially ease the financial burden and conveniently use their card to pay or withdraw cash at overseas merchants.
On weekdays from 11 a.m. to 2 p.m., a 7% cashback applies to payments of 5,000 won or more at domestic general restaurants (Korean, Chinese, Western, Japanese, etc.), coffee shops, and convenience stores. Cashback caps at 5,000 won for prior-month spending of 300,000 won or more, and 10,000 won for 600,000 won or more.
The VIVA+ check card also comes with Visa's 'Young Premium' service, offering a range of benefits tailored to the rational spending patterns and lifestyles of Korea's trend-sensitive millennials in their 20s and 30s who prioritize quality of life. Visa Young Premium benefits include discounts for travel, dining, O2O lifestyle services, and shopping.