NH Nonghyup Card Expands Fuel Subsidies Amid High Inflation

Cashback for Holders of Specialized Fuel Cards Up to 10,000 Won Refund Through End of Next Month

Finance|
|
By Jung Ji-won
||
null - Seoul Economic Daily Finance News from South Korea

NH Nonghyup Card said Tuesday it will run a "third fuel cashback promotion" through the end of next month. The event marks the third such offering, following two previous promotions.

The promotion is open to individual members holding NH Nonghyup Card's specialized fuel products, the "Olbareun OIL&PASS Card" and the "Olbareun OIL Card." Check cards, BC cards, prepaid and gift cards, and corporate cards are excluded.

During the event period, cardholders who spend at least 30,000 won per transaction at gas stations nationwide, as well as Nonghyup gas stations and Nonghyup fuel outlets, can receive cashback of 50 won per liter. The cashback is provided up to a maximum of 10,000 won per person, with a monthly limit of 5,000 won.

To receive the benefit, members must apply through the NH Pay app or website. The benefit is applied retroactively to payments made from the first of this month.

The promotion can be combined with the cards' basic benefits. The "Olbareun OIL&PASS Card" offers a 5% billing discount on fuel purchases, up to a monthly limit of 30,000 won, based on the previous month's spending. The "Olbareun OIL Card" provides billing discounts of up to 150 won per liter for purchases at GS Caltex and Nonghyup gas stations, up to a monthly limit of 40,000 won, based on the previous month's spending.

An event for new customers is also being held. NH Nonghyup Card will provide a full cashback of the annual fee for customers who newly issue either of the two cards through online channels, or for dormant customers who reissue them. However, the offer is conditional on spending of at least 100,000 won by the end of the month following card issuance.

Original reporting by Jung Ji-won for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

Watch · Seoul Economic Daily

More →

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Company Atlas

Preview
Market Ontology · The Feedback LoopKFTC 2025 · 92 groups · 121,954 articles

An English ontology of the Korean market — how companies, the media, the government and the National Assembly move each other in a loop. Korea's named controlling persons and designated business groups are a mechanism, not a risk to be priced blind.

SIGNAL

Pre-register
English Edition · Capital MarketsM&A · IPO · PE · Fund Flows

Pre-register for SIGNAL English Edition — a premium subscription bringing Korean capital markets coverage (M&A, IPOs, private equity, fund flows) to global institutional investors. First access to the 50% introductory rate.