Monthly Recurring Payment Discount Benefits for Daily Life Businesses
[Asia Economy Reporter Yu Je-hoon] Lotte Card announced on the 7th that it has launched the LOCA 365 card, which offers discounts across multiple everyday expense categories with a single card. This card is an additional product in the LOCA series, Lotte Card's main product lineup, and features a monthly discount of up to 36,500 KRW on sectors with regular monthly payments.
First, when the previous month's spending exceeds 500,000 KRW, the card provides a 10% discount up to 5,000 KRW each, totaling up to 35,000 KRW, on apartment management fees, utility bills (city gas and electricity), mobile communication, public transportation (bus and subway), insurance premiums (life and non-life insurance), study materials, and delivery apps (Baedal Minjok, Yogiyo, Coupang Eats).
Additionally, the streaming sector (Netflix, YouTube, Watcha, Disney Plus, Melon, Genie Music) offers a 1,500 KRW discount once per month. Discounts on apartment management fees, utility bills, mobile communication, insurance premiums, and streaming services apply only to automatic payment transactions. Furthermore, interest-free installment plans are available for purchases of 50,000 KRW or more at domestic merchants when paid over 2 to 3 months.
A Lotte Card representative said, "This is a new everyday expense-specialized card in the LOCA series, which recently surpassed 1.5 million cumulative issuances," adding, "With the LOCA 365 card, users can conveniently receive a monthly discount of 36,500 KRW on sectors with regular monthly payments such as management fees, utility bills, communication fees, and insurance premiums, making it easy to use 365 days a year."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
