SC Korea rolls out discount debit card

A model poses with the Standard Chartered Bank Korea New Times debit card. / Courtesy of SC Bank Korea

By Jhoo Dong-chan

Standard Chartered (SC) Bank Korea introduced the New Time Card, the bank's new discount debit card, earlier this month, the British commercial bank's unit in Korea said Sunday.

Rolled out Sept. 6, the New Time Card offers different types of discount benefits based on time.

The New Time Card cardholders get a 5 percent discount at local convenience stores and bakeries between 7 a.m. and 9 a.m., at restaurants and coffee shops between noon and 2 p.m. and at restaurants and drugstores between 7 p.m. and 9 p.m.

New Time cardholders, who order food via mobile apps or order items via online shopping malls, also get a 5 percent discount between 10 p.m. and midnight.

The card offers a 60 won ($0.05) per liter discount for customers who get gas at S-Oil branches across the country during weekends and holidays. The cardholders get a 40 won per liter discount during weekdays.

The New Time debit card also offers a 5 percent discount for customers who buy items at the nation's three major discount chains ― E-mart, Homeplus and Lotte Mart.

The cardholders get another 5 percent discount when they use public transportation, pay a mobile phone bill or buy something overseas.

The New Time Card offers a maximum discount limit depending on each customer's monthly spending.

Those customers who spend between 300,000 won and 500,000 won get a maximum 10,000 won discount. Those who spend between 500,000 won and 700,000 won get 20,000 won.

The New Time Card cardholders who spend more than 700,000 won in a month get 30,000 won.

“SC Bank Korea's New Time Card reflects customers' consumption patterns and needs,” said an SC Bank Korea official.

“The bank will continuously roll out not only card but also various financial products that help customers' spending. (advertorial)