Shinhan Bank, BAEMIN Vietnam collaborate to launch new credit card

Shinhan Bank Vietnam and BAEMIN Vietnam Application have teamed up to launch the BAEMIN-Shinhan Credit cards on Tuesday.

The card has a limit of VND100 million ($4,000) and an appealing BAEMIN gift package worth VND6.9 million ($278).

BAEMIN Vietnam Application (BAEMIN) is an online food delivery app operated by Woowa Brothers Vietnam, one of 13 joint ventures between Woowa Brothers, South Korea's leading food delivery company, and Delivery Hero, a leading food delivery technology corporation in Germany, providing services in more than 50 countries.

Those who get a BAEMIN-Shinhan Credit card will receive a first year annual fee exemption as well as two BAEMIN gift packages for Gourmet Members, including the BAEMIN Welcome Package worth up to VND900,000 ($36) and the BAEMIN Special Package worth up to VND6 million ($241).

With the BAEMIN Welcome Package, the customer will receive 30 free meals from BAEMIN with VND30,000 ($1.2) discount vouchers, bringing the total value of the gift package to VND900,000.

With the BAEMIN Special Package, cardholders will receive a 25% coupon discount of up to VND50,000 ($2) per use, up to 120 uses per year, equivalent to a total gift package value of up to VND6 million.

The two BAEMIN gift packages will be activated on the main cardholder's valid BAEMIN account. Discount coupons in BAEMIN gift packages can be used in conjunction with multi-tier discount promotions or restaurant discounts on the BAEMIN app.

Customers can open a BAEMIN-Shinhan credit card by registering on Shinhan Bank's Mobile Banking SOL application, or by visiting the nearest branch/transaction office directly.

Cardholders will also benefit from unlimited accumulation of 0.3% Shinhan points for valid card spending at merchants other than the BAEMIN application, with a conversion rate of 1 point = VND1.

Another advantage offered to cardholders is that they can manage their finances more easily with an 18-month payment plan at a preferential interest rate at any favorite brand for card transactions of VND3 million ($121) or more, with free conversion.

Cardholders can also enjoy discounts of up to 50% at more than 200 Shinhan Zone partners in diverse industries such as cuisine, travel, beauty and healthcare.