Hyundai Card has partnered with CJ Olive Young to introduce a credit card that offers up to 20% of purchase amounts as rewards points.
On August 19, Hyundai Card announced the launch of the 'Olive Young Hyundai Card Plus,' which includes benefits for earning 'Olive Points' that can be used like cash at Olive Young stores. Olive Points were introduced by Olive Young in May and can be redeemed both online and in physical stores.
The Olive Young Hyundai Card Plus is the first credit card to feature the Olive Point rewards program. Cardholders will also continue to earn CJ ONE points based on their existing membership levels.
When using the card at Olive Young, customers can earn 20% of their purchase amount in Olive Points, with a monthly cap of 10,000 points. During a promotional period running until July of next year, the earning limit will increase to 20,000 points per month.
Additionally, cardholders can earn 5% in Olive Points on purchases made in three lifestyle categories: online shopping, coffee shops, and delivery apps, with a maximum of 2,000 points per category, totaling 6,000 points.
The annual fee for the card is 15,000 won, and customers must spend at least 300,000 won in the previous month to qualify for the rewards.
To celebrate the card's launch, Hyundai Card is offering a coupon pack for 70,000 won off at Olive Young to new members who sign up by the end of next month.
A Hyundai Card representative stated, "The Olive Young Hyundai Card Plus is the first product reflecting Olive Young's new rewards system, and we believe the high earning rate of 20% and various promotions will enhance customer satisfaction."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.