"Earn Pay Points When Using Kakao Services"… Launch of 'KakaoPay Credit Card'

[Asia Economy Reporter Kiho Sung] Kakao Pay and Samsung Card announced on the 31st that they will launch the ‘Kakao Pay Credit Card (PLCC, Private Label Credit Card)’, specialized in accumulating ‘Kakao Pay Points’ that can be used like cash for online payments.

Kakao Pay will run various promotions until the end of the year along with the launch of the Kakao Pay Credit Card. First, users of the Kakao Pay Credit Card can accumulate up to 2.5% of their payment amount as Kakao Pay Points. The accumulation benefit has no amount limit and can be enjoyed regardless of the previous month’s spending performance. Users can receive Kakao Pay Points at a high accumulation rate of over 2% at all Kakao Pay payment merchants, both online and offline, totaling about 600,000 stores. Additionally, even when paying at stores that are not Kakao Pay merchants, users can accumulate 1%, making it highly versatile.

First, when using various Kakao services, 2.5% of the payment amount is accumulated as Kakao Pay Points. This applies to Melon, Kakao T (excluding train reservations), KakaoTalk Gift, KakaoTalk Order, KakaoTalk Shopping, Kakao Friends Shop (excluding department stores, malls, airports), Kakao Hair Shop, Kakao Makers, Kakao Page, Kakao Golf Reservation, Kakao Friends Golf, Kakao Emoticon Shop, My Subscription (Emoticon Plus, Talk Drawer Plus), KakaoTalk Channel subscription products (rental, regular delivery, etc.), Daum Games, and Kakao Pay purchases. Users who were already using Melon or Kakao’s subscription products will continuously receive additional benefits simply by using the Kakao Pay Credit Card.

The benefits are also high even outside Kakao services. When paying at general card merchants, users can receive 1% Kakao Pay Points, and if registered with Kakao Pay and used for mobile payments, they can accumulate 2% Kakao Pay Points, which is double the normal payment rate.

Additional discount benefits are also provided for the month of June. Kakao Pay Credit Card subscribers who spend more than 10,100 KRW in a month can receive a 10,000 KRW discount coupon. This event, held up to two times, allows users to purchase products or services at a price up to 20,000 KRW cheaper. Also, if the previous month’s usage amount exceeds 300,000 KRW through the Kakao Pay Credit Card’s product services, users can receive an additional 3,000 Kakao Pay Points for automatic payment of communication fees over 50,000 KRW, and 10% (up to 2,000 points) of the streaming service fee for regular payments.

Meanwhile, Kakao Pay and Samsung Card applied the design of Kakao’s popular character ‘Niniz’ to the Kakao Pay Credit Card for users’ fun and enjoyment. Users can meet moving Niniz characters not only on the physical card design but also on the application payment screen. Additionally, the card features the first-ever PLCC ‘Numberless Plate’ design, which enhances personal information security by having no card number displayed, and a simple metal card design will be released later.

The annual fee is 10,000 KRW for both domestic and international use. For international use, Visa Platinum and Young Premium services are provided, offering various discounts on hotels, travel, dining, and more.

Lee Jin, COO of Kakao Pay Business Division, said, “We prepared the Kakao Pay Credit Card so that users can comfortably enjoy Kakao Pay Point benefits without any previous month’s spending conditions,” adding, “We hope many financial consumers take this opportunity to actively utilize the highly versatile Kakao Pay Points.”