Shopping > Shopping, Discounts and Savings

Bank Check Cards


Bank Check Cards

Check cards are issued by banks to their account holders. Not only can you withdraw cash from the ATM and pay for purchases with your bank 'check' card (debit card), you can also earn reward points and discounts. Banks generally offer a number of check card options. They also regularly offer new check cards and revise the points/discounts on cards. 

Benefits of check cards:
1. Check card users can get a higher tax refund than those paying by credit cards. For instance, a person who earns an annual salary of KRW 40 million can get a refund of about KRW 1 million when he or she spends KRW 10 million. But if he or she uses check cards to spend the same amount of money, this person would get a refund of about KRW 1.25 million. In other words, check cards give five more % points in terms of income tax refund than credit cards do. (credit card/check refund may be fazed out soon).

2. As indicated above, users can enjoy a variety of additional services provided by check card issuing banks. These additional services are mostly focused on giving discounts to consumers when they make transactions in a variety of places such as restaurants, theaters, shopping malls and gas stations. Some check cards even offer discounted tuition for some private education institutes and flight tickets.

3. Check cards are much easier to get than credit cards - especially for foreign residents. Banks require less complicated procedures and apply less regulation when issuing the cards. Anyone over 18 years old with a banking account is eligible to obtain check cards.

Differentiated Benefits
Banks have developed check card products targetting specific groups with reward and discount offers based on the perceived/established interests of each one. Consequently, there are check cards with specific discounts for women, business men, students, mothers, expats, frequent travellers, etc.
(Ask your bank for information on its products).

 

K4E Editor: We do our best to provide accurate and current information.Should you notice that any of the above is innacurate or out-of-date, please let us know at info@korea4expats.com

Image Source

Last Updated on 2014-03-19


In the same header
Bank Check Cards Discounts-Reward with Point or Tax Cards
Happy Point Card - Coffee Shops, etc. International Student Identity Card
Mobile Point Cards - KT Mobile Point Cards - LG
Mobile Point Cards - SK Point Cards - Bookstores
Point Cards - Department Stores Point Cards - Movie Theatres
Tax Save Card Registration
SIHC - Woraksan National Park Hike, Sat 23 Oct 2021, Chungcheongbuk-doAdvance registration by latest 5PM Thursday 21st. Earlier better re bus rental.
IGVC-Korean Language Classes, Classes from 05 Oct 2021 /  Online from Yongsan-gu, SeoulSome classes still have space for late registration - Does not apply to Absolute Beginner Classes.
AMCHAM-Applied Mental Hygiene in Work Place, 26 Oct 2021, Online from SeoulEspecially beneficial for people who are managers of people or serve in a HR function at their compa...
JANSSEN Vaccine Registration for Foreign Residents, 23 and 30 Oct 2021, Gwangjin-gu, SeoulGet fully vaccinated with a single dose of Janssen Vaccine!
Advertisement
A Plus Apgugeong - 27 May 2020
JZ Associate
Seoul Foreign School, K-12 English School, Seodaemun, Seoul
Korea International School-KIS, PK-12 English, Pangyo, Gyeonggi-do
Dwight School Seoul, English Pre-School-High School, Seoul
I want to convert
Directory
Cocoonfice, Business Center, Gangnam-gu, Seoul
Helpul telephone numbers seoul korea