Interest in “travel cards” is also increasing as more and more people travel abroad for the long Chu..

TravelWallet $700 Cashback Shinhan hosts gold bar event Hana Card travel support fund Toss Bank European outlet collaboration

사진 확대 Incheon International Airport is crowded with an increasing number of overseas travelers ahead of the Chuseok holiday [Maegyeong DB]

Interest in “travel cards” is also increasing as more and more people travel abroad for the long Chuseok holiday, which is up to 10 days. Banks and credit card companies took this opportunity to hold various events to increase customers. Each card has different major benefits, so a thorough comparative analysis is needed.

On the 3rd, the fintech company TravelWallet announced that it will draw 10 people who make cumulative payments of more than $700 abroad and pay $700 in cash back by the 14th. Travel cards refer to debit cards exclusively for foreign currency. TravelWallet was first introduced. A total of 46 currencies are supported, of which dollar, euro and yen exchange fees are free.

Travel Wallet has a great convenience when many people go on a trip. This is because there is a “N Bread Payment” service in which each amount is automatically paid from the cards of members registered in the app once the representative pays. However, it is a prepaid rechargeable structure that does not pay interest on deposits.

사진 확대 Travel wallet card [photo source = Travel wallet]

Shinhan Bank also issues more than 2.5 million SOL travel check cards. Shinhan Bank will hold a gold bar event for related card users until the 15th to attract travelers during the holiday season. It plans to present a pure gold to the three customers who paid the most.

Taking advantage of the strengths of traditional banks, it is eye-catching to give interest rates to deposits. The dollar interest rate provides 1.5% and the euro 0.75%, respectively. Another difference is that they made a separate Sol Travel check card specialized for traveling to Japan. Discounts are provided when using tourist attractions such as general stores Don Quixote. There is no fee for exchanging won into foreign currency. However, there is a fee when converting foreign currency back to won.

“Travelogue” is Hana Card’s travel card product with 9 million subscribers. Hana Card held a so-called Chuseok special Travelogue exchange track and field competition for the holiday. Team matches will be held in six countries, including Japan, China, and Vietnam. It will provide 1 million won in travel support to the person with the largest amount of personal exchange.

Travelog has the most support calls with 58 types. It is also advantageous to collaborate with global payment network brands Master, Visa, and Union Pay, as well as to partner with Kakao Pay. It also collaborated with Korean Air to make mileage accumulated according to the payment amount. The event of free exchange of won into foreign currency will also be extended until the end of this year. However, a 1% fee will be charged for converting foreign currency into Korean won.

사진 확대 Travelogue Mileage Card [Photo Source = Hana Card]

If you are planning to travel to Europe, it is worth noting Toss Bank’s ‘foreign exchange account’. This is because Toss Bank will hold a special promotion until the 19th with “Vister Collection,” Europe’s leading luxury outlet brand. If you are a customer using a Travel Card foreign exchange account, VIP passes will be applied throughout the nine villages owned by the Vister Collection. It offers an additional 10% discount when shopping, plus drinks and snack coupons worth up to 10 euros.

It is also advantageous for foreign currency tech people who buy and sell foreign currency from time to time to use foreign currency bank accounts. This is because there is no fee for converting foreign currency into foreign currency as well as converting foreign currency into Korean won. However, those who visit countries where Korean tourists are rare may be at a disadvantage. This is because there are only 17 types of foreign currency bank accounts. There is also no interest benefit on the deposit.

For those who enjoy food trips, “Travelers” introduced by KB Kookmin Card or Woori Bank’s “Wibit Travel” can also be an alternative. This is because discounts or cashback events are held in food and beverage areas such as cafes, bakeries, and restaurants.