Get Discounts With KakaoPay Check Card

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My KakaoPay Check card from MG 새마을금고

Isn’t it cute? It’s the newly-launched Kakaopay check (debit) card which is available in 14 different banks in Korea. Kakaopay is a mobile payment service that allows users to make purchases directly through KakaoTalk, an instant messaging platform which is widely used in the country. I usually use KakaoTalk in shopping for gift items and sending gift coupons to friends and family in Korea. Kakaotalk has been so useful for me especially in times when it’s hard to meet my loved ones in person (to hand my gift in) due to the busy lifestyle here.


Yesterday I went to 새마을금고 bank to request for a new passbook as well as to apply for KakaoPay check card. I was just asked to affix my signature and enter my password for the new card. That’s it! I immediately got my new Kakaopay check card in just three minutes! I didn’t need to fill out an application form since I have an active account in the bank.

Here are the discounts that you can enjoy with this card.

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15% discount in KakaoPay purchases Wooot!

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5% discount in convenience stores

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10% discount in social commerce sites

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2,000 won discount on TEPS or TOEIC exam registration fee

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2,000 won discount in movie theaters

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10% discount in coffee shops

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10% discount in food chains

Just like other check cards, there is a limit to the discount that you can enjoy in a month depending on the amount you spent the previous month. For example, if you spent 150,000-300,000 won using your check card, you’re entitled to 5,000 won worth of discounts (cash back). If you spent around 300,000 – 500,000 won, you’re entitled to 10,000 worth of  discounts. The more you spend, the bigger discount you’ll get.

One reason why I chose to open KakaoPay check card in this bank is that the minimum amount that you have to spend monthly is lower than in other banks-it’s only 150,000 won. Apparently, other banks require you to spend at least 200,000 or 300,000 won to enjoy the discount benefits.

Though the discount benefit is not that big, it is still better than ordinary check card. I have another check card (from the same bank) that also has cash back benefits. Unlike KakaoPay check card, it has lesser (1%) cash back points but I can use it anywhere. So every time I pay using that card, I get 1% back. It is automatically deposited in my account every 15 days. That’s what I use in establishments that are not covered by KakaoPay.

Korean government is actually encouraging people to use cards for taxation purposes. It is easier for the government to track business establishments’ income if payments are made through cards. So banks in Korea offer a lot of check cards with different discount benefits to promote card usage. You just have to choose the one that suits your needs and lifestyle. I’ll try to compare some check cards next time.

Thanks for visiting! Have a great day!🙂

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