Samsung Card and SC Jeil Bank Launch Two New Co-Branded Products

SC First Bank Digital Samsung Card, Discounts on Online Shopping and Subscriptions
SC First Bank Drive Samsung Card, Discounts on Fuel, Delivery Apps, and Convenience Stores

[Asia Economy Reporter Ki Ha-young] Samsung Card announced on the 20th that it has launched two types of cards in collaboration with SC First Bank: the 'SC First Bank Digital Samsung Card' and the 'SC First Bank Drive Samsung Card.'

The newly released cards offer customized benefits based on recent consumption trends and consumer lifestyle patterns. In line with the trend of valuing cost-effectiveness, the annual fee burden has been reduced, and customers who frequently use the card at specific merchants receive more benefits.

First, the 'SC First Bank Digital Samsung Card' provides tailored benefits for customers who mainly use online shopping or subscription services, in line with the untact consumption trend. When used in ▲online shopping ▲coffee ▲convenience stores ▲telecommunications sectors, customers can receive a 7% payment day discount benefit up to KRW 12,000 per sector and a combined monthly maximum of KRW 30,000, depending on the previous month's usage amount. Additionally, for OTT and streaming services such as Netflix, Wavve, TVING, Watcha, Melon, FLO, and for Coupang Rocket Wow membership subscription payments, a 25% discount is provided up to a combined monthly maximum of KRW 5,000 based on the previous month's usage amount. Furthermore, for overseas payments including direct imports, a 1% payment day discount is offered without limits on the previous month's usage amount or discount cap.

The 'SC First Bank Drive Samsung Card' offers fuel discounts and reflects the untact consumption trend by providing benefits on delivery applications (apps), online shopping malls, and more. At all gas stations, depending on the previous month's usage amount and the number of automatic payments for utility bills, a discount of up to KRW 120 per liter is provided, up to a monthly maximum of KRW 20,000. The utility bill automatic payment eligible sectors include ▲apartment management fees ▲telecommunication fees ▲rental fees, etc. When using delivery apps and convenience stores, a 10% payment day discount is provided up to a monthly maximum of KRW 5,000 based on the previous month's usage amount. Online shopping and overseas payments including direct imports receive a 1% payment day discount without limits on the previous month's usage amount or discount cap.

Customers holding SC First Bank affiliated Samsung cards are offered various promotional benefits from SC First Bank. For example, if customers apply for the card and subscribe to the 'Wealth Building Savings Set' at SC First Bank, they can receive a savings cashback of up to 3.4% annually. Additionally, a preferential interest rate of 0.2% points is applied when applying for a new personal credit loan, and a 70% preferential exchange rate is provided for foreign currency exchange.

Both cards have an annual fee of KRW 9,900 for domestic-only and international (Mastercard) versions, and can be applied for at SC First Bank branches and digital channels (internet banking and mobile banking).