Shinhan Card, in partnership with Shinhan Bank, has launched the "SOL Mate Shinhan Card SOL Plan Check," a debit card optimized for the lifestyle of senior customers, the company said on the 31st.
The SOL Mate debit card offers special rewards of up to 2 percent at merchants frequently visited by senior customers. Eligible categories for special rewards include hospitals (general hospitals, private clinics, dental clinics, animal hospitals, and emergency-room hospitals); marts (E-Mart, Traders Wholesale Club, Lotte Mart, and Nonghyup Hanaro Mart); and cafes (Starbucks, A Twosome Place, Paul Bassett, among others).
The card also offers basic discount benefits applicable to spending at all merchants both at home and abroad. Reward rates vary depending on the previous month's spending. Customers who spent between 200,000 won and less than 600,000 won in the previous month earn 0.2 percent in basic rewards and 1.0 percent in special rewards. Those who spent 600,000 won or more receive 0.4 percent in basic rewards and 2.0 percent in special rewards. Benefits are accumulated as SOL Points within a monthly cap of 30,000 won. One SOL Point is equivalent to 1 won.
Customers who meet usage requirements for both Shinhan Card and Shinhan Bank also receive discounts on subscription services such as OTT platforms. The card provides up to 5,000 points per month on spending for OTT services including Netflix, YouTube Premium, TVING, and Disney+, as well as digital memberships such as Naver Plus and Coupang Wow.
Eligible customers are those who spent 600,000 won or more in the previous month and maintained a balance of 1 million won or more in their previous month's payment account for at least 15 days. Customers whose payment account balance is 2 million won or more are also eligible to receive 5,000 points. Combining the merchant benefits and subscription service benefits, customers can earn up to 35,000 points per month.
When accumulated points are deposited into Shinhan Bank's "SOL Plan Point Box" checking account, customers can receive an additional 10 percent benefit. For example, depositing 35,000 points into the Point Box results in 38,500 points being credited.
Points deposited in the Point Box receive an annual interest rate of 5 percent. Points can also be freely withdrawn and transferred through linked accounts.
The SOL Mate debit card can be applied for with no annual fee. Applications are available at Shinhan Bank branches and will later be expanded to the SOL Bank application.
