Release of Two Types of MyCompany: 'One' for Large Corporations and 'Two' for Small and Medium Corporations
[Asia Economy Reporter Yu Je-hoon] Hyundai Card announced on the 8th that it has relaunched its corporate credit card product 'My Company (MY COMPANY)'.
The renewed My Company is divided into two types according to the size of the corporation. For large corporations subject to external audits, ▲My Company One (MY COMPANY ONE) is issued, and for small and medium-sized corporations, ▲My Company Two (MY COMPANY TWO) is issued. The annual fee is 5,000 KRW per corporation, the same for both My Company One and Two.
My Company One customers for large corporations can choose one from various types of rewards. For corporate credit cards under the corporation's name, they can select either corporate rewards equivalent to up to 0.5% of usage or Korean Air corporate credits; for personal credit cards, they can choose one of M Points, Korean Air mileage, or Asiana Airlines mileage as rewards. My Company Two for small and medium-sized corporations provides corporate rewards of up to 0.6% of usage depending on usage performance and whether it is a small business.
The Korean Air corporate credit, introduced for the first time in the industry by Hyundai Card, is a service that provides airline mileage to corporations rather than individuals. One corporate credit is accumulated for every 3,000 KRW spent.
There are four designs in total. ▲MC Basic, which applies dark gray and white with different textures on a transparent plate; ▲MC Blue, which applies dark gray and gradient blue; ▲MC Red, which applies dark gray and gradient red; and ▲MC System, a hologram material inspired by labels used in document organization, exposing the company name, name, and signature all on the front of the card.
Meanwhile, Hyundai Card also renewed the Hyundai Card My Company website in line with the launch of the new My Company product. This renewal was promoted to enhance the convenience of corporate card managers within companies. The corporate card manager can manage key details such as employees' corporate card usage amounts and usage locations in a modularized way that is easy for managers to view, and procedures that require a lot of effort such as payments, deposit refunds, and representative changes can all be completed within the web through 100% self-closing. Monthly reports analyzing employees' corporate card usage status are also provided.
A Hyundai Card official said, "With the launch of My Company One and Two, Hyundai Card has innovated the industry in corporate cards following personal cards," adding, "Corporate customers can now enjoy differentiated benefits and various plate designs."
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