쿠팡 와우카드 발급(From left) KB Kookmin Card CEO Lee Chang-kwon, KB Financial Group Chairman Yoon Jong-gyu, Coupang CEO Kang Han-seung, and Coupang Pay CEO Bijesh Iyer [ⓒ Coupang]
[Digital Daily Reporter Anna Lee] In the fourth quarter of this year, Coupang is launching the ‘Coupang Wow Card’ along with KB Kookmin Card, which allows you to receive up to 52,000 won back each month with an annual fee of 20,000 won. This is an affiliate card that can only be issued to Coupang Wow membership members, focusing on expanding membership benefits.
Coupang announced on the 17th that it held a business agreement ceremony with KB Kookmin Card to launch an affiliate card at the Coupang Jamsil office in Songpa-gu on the 15th.
The signing ceremony was attended by Coupang CEO Kang Han-seung, Coupang Pay CEO Bijesh Iyer, KB Financial Group Chairman Yoon Jong-gyu, and KB Kookmin Card CEO Lee Chang-kwon. The two companies decided to introduce an innovative affiliate card and maximize synergy between Coupang and KB Kookmin Card.
The Coupang Wow Card is an affiliate card that only Wow members, Coupang’s paid membership, can sign up for. You can get your cash back even if you use it not only at Coupang but also at all online and offline affiliated stores.
The annual fee for the Coupang Wow Card is 20,000 won. Instead, regardless of the performance of the previous month, you can save up to 4% (2% basic savings + 2% additional promotion) for purchases made at Coupang every month, and up to 1.2% (0.2% basic savings + 1% additional promotion) for purchases other than Coupang.
If you register the Coupang Wow card as a Coupang payment method, you will receive 4% of the payment amount back as Coupang Cash every time you make a payment at Coupang, Coupang Eats, or Coupang Play stores, even if you did not use the card in the previous month. No matter what you order from Coupang, you can accumulate up to 40,000 won in Coupang Cash, up to 1 million won based on monthly payment amount.
Additionally, even if you pay at any offline store such as a cafe, restaurant, or yoga academy, 1.2% of the payment amount will be accumulated up to a monthly maximum of 12,000 won. In addition, it is an overseas card that has a contract with the VISA card and allows you to earn 1.2% points at almost all affiliated stores around the world.
Coupang Pay plans to simplify the card sign-up process based on its self-developed fintech technology.
Coupang said, “In order to provide more shopping pleasure to WoW members, we are working with KB Kookmin Card to develop an affiliate card that allows users to enjoy reward benefits regardless of the previous month’s performance.”
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