New card exclusive to sole proprietors

10% rewards on online shopping, memberships

1% rewards at all domestic and overseas merchants

0.2 percentage point cut on credit loan interest rates

[K bank]
[K bank]

Hyundai Card and K bank announced Tuesday the launch of the "K bank BUSINESS Hyundai Card," a credit card designed exclusively for sole proprietors. The card offers benefits covering both business operations and everyday spending, along with a preferential interest rate on credit loans.

The product is a sole-proprietor credit card developed jointly by Hyundai Card and K bank. Sole proprietors who hold a K bank "Boss Account" can apply through the K bank app. By linking the account as the card's payment account, they can manage business-related deposits, withdrawals and card payments all in one place.

The card's rewards structure reflects the spending patterns of sole proprietors who mix business and personal purchases, with enhanced benefits for online shopping, memberships and digital content. Cardholders earn 1% back in M Points on all purchases at domestic and overseas merchants. The rewards apply when the previous month's spending reaches 500,000 won ($332) or more.

Cardholders also earn 10% back in M Points on purchases at major online shopping platforms — including Naver Plus Store, Coupang Inc., Kurly, G-Market, Auction, 11Street, SSG.com, Lotte On and Tokdeal — as well as on subscription services such as Naver Plus membership, Coupang Rocket Wow, Kurly Members, Netflix, YouTube Premium and Tving.

A launch promotion is also available. First-time users of the online shopping, membership and digital content categories receive an additional 20 percentage points on top of the standard rewards rate for one year, for a maximum of 30% in M Points. Cardholders who spend 30,000 won or more receive a 30,000-won cashback, and customers with no Hyundai Card transaction history in the past six months receive an additional 70,000 won. Cardholders can also earn up to 200,000 won in additional cashback based on spending at overseas online and offline merchants.

In addition, cardholders who apply for K bank's "Boss Credit Loan" for the first time receive a 0.2 percentage point cut on the loan interest rate. With this launch, K bank has expanded its financial product lineup for sole proprietors — built around the Boss Account — to now cover deposits, loans and cards.


forest@heraldcorp.com