The More Card was a product created through collaboration between Shinhan Card, Shinhan Bank, and Shinhan Financial Investment so that customers who are not familiar with financial technology can start investing in stocks.
It was novel that it was designed so that accumulated points could be reinvested in Shinhan Bank dollar deposits or Shinhan Investment’s overseas investment accounts every month. 신한 구독 좋아요 카드
The point accumulation rate can be said to be the highest ever, and the ‘Jantech’ accumulation structure that accumulates less than KRW 1,000 per payment was applied. 이베이스매뉴얼
If you pay 5,900 won, 900 won, which is less than 1,000 won, is accumulated as investment points. It was different from general point accrual products that accrue at a fixed rate for the amount used.
It is a Hyeja card that provides point accumulation only when the previous month’s card usage is over 300,000 won and the payment amount is over 5,000 won per transaction, and there is no monthly limit or number of points.
It was an ambitious work by Shinhan Card that included accumulation benefits and overseas investment services so that consumers could enjoy the pleasure of consumption and the fun of investment at the same time.
However, as the case of accruing 33% of points by charging overseas prepaid cards for 5,999 won each day with TheMoa Card spreads, stories of deteriorating profits began to circulate, and it will eventually be discontinued on December 31, 2021.
In an interview with a Shinhan Card official at the time, he said, “As maintenance of the service became difficult due to some cherry pickers, we had no choice but to stop issuing the ‘The More Card'”, so the seriousness of the situation can be roughly guessed.
But now, the 3rd year of Shinhan Card TheMoa is coming back.
If you are a credit card fan, you will get a sense of what 3 years means.
The more card terms and conditions are as follows.
You will meet the requirements to change the Value Added Services as set out in Section 4.
Here are the reasons to pay attention to May 14th.
In order to change additional services, you must notify each month in two or more ways from 6 months in advance.
If the credit card company changes the additional service, the reason for the change in the additional service and the contents of the change will be notified immediately by two or more of the notification methods below. In particular, if additional services have been provided for more than 3 years and the profitability of the card has significantly decreased due to the additional services, and additional services are changed, we will notify you monthly by two or more of the notification methods below from 6 months in advance.
– Notification method: written delivery, mail or e-mail, telephone or fax, mobile phone message, or equivalent electronic expression of intention
In other words, if Shinhan Card wants to change its service, it will start notifying it around May 14th.
Since Shinhan Card has positioned itself as a badly profitable card through press play, I think the supervisory authorities will not be able to refuse to approve the change in additional services.
If there is a wish, I would like to maintain the additional service with the heart of a large person as it is the number one in the industry hahahaha Although it is greedy.