Hyundai Card’s market share has skyrocketed recently. In particular, Hyundai Card is gradually expanding its market share by signing an exclusive contract with Apple Pay in Korea.
However, unlike cards that can be immediately used as points such as Shinhan Card, Hana Card, and KB Kookmin Card, Hyundai Card has a slightly different method of using points as cash.
Hyundai Card point cash conversion
After exchanging m-points for h-coins, the h-coins can be converted into cash by transfer or using a credit card.
So today, let’s learn more about how to convert Hyundai Card points into cash. If you are curious about tips on cashing Hyundai Card points, you can refer to the article below.
What are the tips for cashing Hyundai Card points? 현대카드 M포인트 현금화
1. How to cash Hyundai Card points! 좋은뉴스
1. Use the latest card
First, access the Hyundai Card website.
Access the Hyundai Card homepage, log in, and click Benefits – Benefits – m Point Benefits from the top menu.
Cashing in Hyundai Card Points
2. View my Hyundai Card m points
If you do so, you can check the m-points and Hyundai Card m-points you have accumulated based on your consumption so far.
You can select whether to transfer or exchange your m-points to your family, and at the same time inquire your current m-points and h-coins.
3. Convert My Hyundai Card m points to h coins
If you have followed this well, just click the h coin and it will be converted to h coin.
At this time, h coin can use m points like cash, and can pay up to 100% of the annual fee, so it can be converted into cash and transferred to your account.
4. Cashing out hCoin
Now you need to cash out the changed h coins.
H Token can be used after payment at affiliated brand stores, and customers using Hyundai Capital can also use it for monthly payment.
If you are using Fubon Hyundai Life Insurance, you can use it as a monthly payment, so please refer to this part carefully and use the method that suits you.
If you want to convert Hyundai Card points to your own account into cash, click “Transfer to My Account”.
5. hCoin remittance confirmation
Those who have previously exchanged h coins for m points can transfer h coins to their account. You can choose the amount you can transfer to your account.
To transfer h Coins to your account, please complete identity verification with your card or mobile phone.
2. About Hyundai Card points
Cashing out Hyundai Card points is good, but if you cash out Hyundai Card points, the points are not converted into cash at a 1:1 ratio, but at a decreasing rate.
The easiest way to use points is to mix points and cash at merchants that accept m-points.
The reason why you must mix with cash is that Hyundai Card m-points cannot be used only as m-points.
In particular, the biggest disadvantage of m-points is that they cannot be converted into cash.
Of course, if you want to convert m-points to cash, you can convert them to h-coins first and then convert them to cash.
The downside is that the ratio of h coins and m points must be 1.5:1. First of all, the point accumulation rate of Hyundai Card is higher than other card companies, so it is understandable to some extent, but it is regrettable that it changes to 1.5:1.
Therefore, the only way to convert Hyundai Card points into cash is to convert them into H Coins.
h Coin is a coin product that individual Hyundai Card members can accumulate by converting m points into h Coins or by using Fubon Hyundai Life Insurance products.
The biggest difference between h coins and m points is that they can be withdrawn.
hCoin is 100% usable at merchants.
Therefore, Hyundai Card points must be cashed in reality, and Hyundai Card points themselves cannot be cashed, and must be cashed with this H Coin.
Then, let’s look at how to convert Hyundai Card points into cash.
3. Precautions when converting Hyundai Card m points into cash
1. Accumulate Hyundai Card m points
Hyundai Card’s m-point accumulation varies by card, but 0.5% to 6% is accumulated depending on the amount spent.
Specifically, you can earn between 0.5% and 3% depending on your industry.
500,000 won or more per month 0.5-3%, 1 million won or more per month 0.75-4.5%, 2 million won or more per month 1-6%
So with newer cards, the more you use them, the more you earn. So, for those who spend a lot, if you use Hyundai Card, it is helpful to refund your Hyundai Card points as points.
2. Where can I use mPoints?
You don’t actually need to use m points. Because there are already many affiliates available.
You can use it in various places such as gas, dining out, convenience, shopping, travel, and leisure with the goal of m points.
Specifically, these m-points can be used to purchase a car. 2 million m-points can be used for purchasing Hyundai/Kia vehicles for up to 5 years, and m-points can also be used to purchase daily necessities at the Hyundai Card m-point mall.
Today, let’s learn how to use Hyundai Card m points.
When I first used Hyundai Card, I only knew how to use m-points and did not know how to exchange them for cash, so I felt that Hyundai Card was not good, so I started using other cards more.
Hyundai Card has a high point accumulation rate and free cash withdrawal, so you can use Hyundai Card with confidence.
Therefore, if the benefits of Hyundai Card merchants are suitable for you, it would be a good choice to convert points into cash while using Hyundai Card and use them in various ways.