Card Firms Boost Automatic Points for Elderly Users
Expansion of Automatic Point Usage Service Starting this year, all card companies will offer a service that automatically uses points up to a certain amount. Currently, only three out of eight full-service card companies—Woori, Hyundai, and KB Kookmin Cards—operate this service, but the remaining five have agreed to introduce it by the end of this year. In particular, the automatic point usage service will be applied by default to senior citizens aged 65 and older starting in February next year. On the 17th, the Financial Supervisory Service and the Credit Finance Association announced the full expansion of the automatic point usage service to all card companies. Card members who join this service can specify how many points they want to use each time they make a card payment. For example, if they set the automatic usage to 1,000 points, 1,000 points will be used first during each card payment. Once the points are exhausted, the service will automatically resume using points once th...