Samsung Card Implements Financial Support for Customers Affected by Heavy Rainfall

Up to 30% Interest Rate Discount on Short-Term and Long-Term Card Loans

[Asia Economy Reporter Yoo Je-hoon] Samsung Card announced on the 10th that it will provide financial support to customers affected by heavy rain in the metropolitan area and central regions.

First, Samsung Card will defer the credit card payment for affected customers for August and September for up to six months. In addition, for domestic transactions of 10,000 KRW or more among the scheduled payment amounts, customers can pay in installments for up to six months. In this case, the interest incurred from the installment payment requested by the affected customers will be fully waived.

Furthermore, until the end of next month, customers who use short-term card loans (cash service) or long-term card loans (card loan) will receive up to a 30% reduction in interest. Customers whose long-term card loan maturity falls within the end of next month will have their loans automatically extended.

To receive financial support, customers need to submit a damage confirmation certificate issued by the administrative office of the affected area. A Samsung Card official said, "We have implemented financial support to provide even a small help to those affected by the heavy rain."