Card firms go all-out to attract Koreans traveling overseas this summer

The duty free shopping zone at Incheon International Airport Terminal 1 is crowded with travelers, June 5. Yonhap

Credit card issuers are intensifying their sales campaigns to attract more customers planning to spend their summer vacations abroad amid a surge in overseas travel.

The companies are expanding commission-free exchange services and fee-free ATM banking services in popular international travel destinations for Koreans.

They are also offering vacation package deals on airline tickets, hotels and tours worldwide.

Hana Card recently launched Travel Bucket, an online mall that offers discounts on a string of tour and shopping packages for its credit card holders in partnership with corresponding companies.

For instance, every 추천 Wednesday, those who make payments with Hana’s credit or debit cards at The Shilla Duty Free stores at airports will be given up to a 12 percent discount off their purchases.

The mall also offers discounts on a guided tour in Nha Trang in Vietnam and five-star hotels in Bangkok.

Hana Card’s Travlog Card, issued in 2022, became popular, with over 4 million users and spending exceeding 1 trillion won ($743.8 million) by the end of 2023.

At the end of January, 39.2 percent of international transactions using debit cards issued in Korea were made with Travlog Card, up from 20.2 percent in July 2022.

“We want to secure the No. 1 spot in travel-related card business, and we deem our online shopping mall will help attracting more customers.”

KB Kookmin Card expanded commission-free exchange services to 41 foreign currencies, up from 33.

It also provides fee-free ATM banking services for customers withdrawing cash in overseas using its KB Kookmin Travelers’ Check Card, a debit card product of the bank.

Concerning Woori Card, it launched a travel-oriented debit card earlier this month. The services include a free airport lounge pass for those who spent 300,000 won or more during the past 30 days before their departure.

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