Lotte Card Launches 'Hana Bank Million Dollar Card'... "Dollar Payments Without Fees"

Dollar check transactions without fees and Korean won credit transactions available
Visa international brand fees, overseas service fees, etc. waived
5-50% discount benefits on domestic streaming, delivery apps, and online shopping too

[Asia Economy Reporter Ki Ha-young] Lotte Card announced on the 19th that it has launched the 'Hana Bank Million Dollar Card' in collaboration with Hana Bank, which allows dollar payments without fees overseas.

This card enables customers to pay the exact dollar amount used at overseas merchants without Visa international brand fees or overseas service fees. Additionally, it offers a 0.2% cashback on overseas merchant spending without any performance or limit conditions, and if the usage amount last month was over 500,000 KRW, it provides 5% cashback on overseas online merchant spending up to a maximum of 5,000 KRW per month.

Customers only need to link the card's foreign currency account to Hana Bank's 'Hana Million Dollar Account' and preload dollars. When KRW is deposited into the Hana Million Dollar Account, it is automatically converted to dollars, and each time the customer makes a dollar transaction, the amount is withdrawn from the balance like a debit card.

For domestic use, customers can freely link a domestic bank account, and the amount used is withdrawn on the payment date in the same way as a regular credit card. Domestic merchant benefits include a 0.5% discount on usage amount without any performance or limit conditions. Also, if the usage amount last month was over 500,000 KRW, a 50% discount on streaming services (Netflix, YouTube Premium, Watcha, Melon) is provided up to 10,000 KRW per month, and a 5% discount on delivery apps (Baedal Minjok, Yogiyo, Coupang Eats) and online shopping (LotteON, Coupang, SSG.com, Market Kurly) is offered up to 5,000 KRW each per month.

The annual fee is 15,000 KRW (Visa, domestic only), and card issuance applications are available through the Lotte Card LOCA app.

A Lotte Card official said, "This is a new concept card that allows reasonable dollar spending overseas and KRW credit payments domestically with a single card," adding, "It reduces overseas fee burdens and offers up to 5% cashback at overseas merchants, making it perfect for overseas direct purchase shoppers or customers who frequently visit abroad."