The method of converting Hyundai Card’s M points into cash is a little more complicated than other credit card companies’ points. Also, when you cash out, you have to convert it at a ratio of 1.5:1, so it is less valuable than other card company points. Let’s find out where M Points can be used to the fullest and find out the conversion process for those who still need to cash out.
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1 Introduction of Hyundai Card M Point
2 Find out where Hyundai Card M points are used
3 How to cash out Mpoints
3.1 M-point H-coin conversion
Introduction of Hyundai Card M Point
First, let’s look at the characteristics of Hyundai Card’s M points. 현대카드 M포인트 현금화
M points accumulate from 0.5 to a maximum of 6% depending on the type of Hyundai card issued, the amount used, and the type of business. You can increase your accumulation rate by identifying your consumption pattern and issuing and using a card that can generate maximum efficiency according to it.
If you use Hyundai Card as your main card and use a card that fits your consumption pattern, you can accumulate significant points. These points are valid for 5 years, after which they expire. 좋은뉴스
In the case of cashing, it is converted to H-Coin at a ratio of 1:1.5, so consuming M-points at places where they can be used immediately is a way to increase efficiency.
Find out where Hyundai Card M points are used
Let’s find out where M points are used.
You can also check it by going to the Hyundai Card website.
Where to use the main points
car purchase
Hyundai Card M point mall
affiliate mall
You can use up to 2 million points when purchasing a vehicle. In addition, 1.5-2% M points are accumulated on purchases.
Using M points for car purchase
M point mall allows you to purchase products using 100% points. However, you need to carefully check whether the product type is not diverse and the price is competitive.
Use affiliate mall M points
M Points can be partially used at affiliated malls. You can use your points most efficiently if you use them within the limits when purchasing necessary products.
Let’s summarize the main uses where points can be used at a high rate.
Coffee/Bakery: Available at Tous Les Jours, Paris Baguette, Dunkin’ Donuts, and Baskin Robbins at a 50% rate.
Leisure/Theme Park: Lotte World 70%, Everland, Seoul Land 50% available.
Movie/Music: Lotte Cinema, CGV 6000 points, Megabox, CineQ 5000 points, Bugs, Interpark ticket 50% use
Eating out: Outback Steakhouse, VIPS, Papa John’s, Mr. Pizza, Pizza Hut, Domino’s Pizza, The Place, 50% available
Insurance/Finance: 50% use of Hyundai Marine & Fire Insurance direct travel insurance, Hyundai Marine & Fire Direct auto insurance, KB Insurance direct, DB damage insurance direct, Sasung Fire & Marine Insurance direct up to 30,000 points available
If you try to use points, it is better to use a place where you can use a high percentage because you cannot use all of the payment amount.
Also, you need to think carefully before purchasing a product because this structure can lead to unnecessary consumption while worrying about the use of points.
How to cash out M points
Although the efficiency is low, those who do not consume much may benefit from cashing out. In order to cash in M-points, you must first convert M-points into H-coin. The conversion ratio is 1:1.5, so 1.5M points equal 1H-coin. (1H-coin is 1 won)
Let’s proceed with cashing with the Hyundai Card app.
Convert M-point H-coin
Access the Hyundai Card app and log in. If you press the three lines on the top left and scroll down, you will see the H-coin benefits menu. If you press and enter, the M-point conversion menu and the menu to transfer H-coin will appear if you go further down.
H-coin-benefits
M point H-coin conversion
Check the number of points you have and enter as many points as you like. You can apply for conversion from a minimum of 100 points.
Hyundai Card-points-conversion application
Application for conversion to H-Coin
If you choose to transfer money to your own account after converting points, you can receive the money transferred to your payment account registered with your credit card company.
Hyundai Card-H-Coin-Transfer
H-Coin account transfer
Up to this point, we have looked at where Hyundai Card M Points can be used and how to cash them out.