Hana Card, Toss Bank launch a new private label credit card

[Courtesy of Hana Card Co.]

Hana Card Co. announced Friday that it has joined hands with South Korea’s online-only Toss Bank to launch its first private label credit card (PLCC).

The card, PLCC, offers a 2 percent billing discount to customers who spend more than 400,000 won at all domestic and overseas merchants in the previous month. A basic 1 percent discount is offered to those that do not satisfy the required spending amount.

For the month following the card’s issuance, customers will get a 2 percent billing discount at all domestic and foreign merchants regardless of their spending in the previous month.

The card can be issued via Toss Bank app.