Big news for long-term expats: Costco Korea has officially announced that they will switch from Samsung Card to Hyundai Card starting next May.
Previously, Costco customers were required to pay with Samsung Cards (or cash) but following speculation that Costco were considering switching to Hyundai Card, they announced today via their website and an email sent to all customers that from May 24, 2019 you'll need to have a Hyundai Card to shop there.
Here's the English text from the e-mail they sent out:
For now it looks like they only have the info up in Korean but all the key info is right there in the English announcement. The Korean info is here:
Update: Korea Herald has an article in English but no new info there: Costco to end contract with Samsung Card, partner with Hyundai Card
For those who don't have a Hyundai card, it might be worthwhile to sign-up for this Costco-Hyundai co-branded card. I didn't see exactly what benefits this gets you but I'm sure more info will come out. I'll update this post if any officially translated articles about this come out so you don't just have to take my word for it.
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| Screen cap from Costco.co.kr announcing the card change |
Previously, Costco customers were required to pay with Samsung Cards (or cash) but following speculation that Costco were considering switching to Hyundai Card, they announced today via their website and an email sent to all customers that from May 24, 2019 you'll need to have a Hyundai Card to shop there.
Here's the English text from the e-mail they sent out:
Member Notification: Credit Card Conversion
As part of our continuing commitment to provide our members with the best quality merchandise and service at the lowest possible prices, we will be accepting Hyundai Card as our new credit card partner.
Members will be able to enjoy even better benefits from May 24, 2019 with the new Costco Hyundai co-brand card and Costco Korea warehouses and costco.co.kr will accept all Hyundai cards including the co-branded card.
Members can continue to use current Samsung cards until May 23, 2019 at Costco Korea locations.
Costco will inform our members of the transition. In the meantime, please refer to attached FAQs and call our call center at 1899-9900 for any questions.
Costco Korea will continue to provide best value possible to our members with our merchandise, price and service. We are confident that our new relationship with Hyundai Card will further the benefits for our members.
Sincerely,
Costco Wholesale Korea
For now it looks like they only have the info up in Korean but all the key info is right there in the English announcement. The Korean info is here:
- 자주 찾는 질문 | Costco 코리아 (FAQs)
- 신용카드 제휴사 변경예정 안내 | Costco 코리아 (Card Change Announcement)
Update: Korea Herald has an article in English but no new info there: Costco to end contract with Samsung Card, partner with Hyundai Card
For those who don't have a Hyundai card, it might be worthwhile to sign-up for this Costco-Hyundai co-branded card. I didn't see exactly what benefits this gets you but I'm sure more info will come out. I'll update this post if any officially translated articles about this come out so you don't just have to take my word for it.
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