The main target is customers preparing travel funds. This product operates through regular deposits and bank accounts.
The subscription period is 1 year and the monthly payment limit is 500,000 won. The base interest rate is 1.6% per year.
However, it offers a preferential interest rate of up to 2.9% per annum. Then, you can receive a total annual interest rate of up to 4.5%.
It’s a pretty good product. Right?
In this post, we will learn about Woori Wellich 100.
▼The key is to learn how to receive a preferential interest rate of 2.9%.
1. If you pay utility bills with Woori Card, 0.5%p per year
2. Up to 2.0%p per year depending on Woori Card (credit card) usage history
3. Up to 0.4%p per year for first-time Woori Bank transaction customers, salary transfer customers, pension transfer customers, or automatic utility bill transfer customers
If all three conditions above are met, you can receive 2.9% per year.
Um, how much do we have to use our credit card to receive a preferential interest rate of 2.0% from the Woori Welrich 100 product?
You can find out the detailed conditions when you receive Woori Welrich 100. Let’s get a little more specific.
▼The preferential interest rate of up to 2.0% per year depending on Woori Card usage records only applies to new Woori Card customers.
1. For newly issued Woori Card customers, use the Woori Card for more than 3.5 million won from the month of subscription to the month before the most recent expiration date.
=> 2.0%p preferential treatment
2. Customers who already have a Woori Card have used the Woori Card for more than 7 million won from the month of subscription to the month before the final maturity date.
=> 1.5%p preferential treatment
Looking at the actual details, it does not seem easy for everyone to receive preferential interest rates, but I think there are people who can benefit.
Transferring utility bills doesn’t seem to be difficult because it also includes automatic cell phone transfers. It doesn’t seem that difficult to meet the requirements as you can transfer city gas and electricity bills from your Woori Bank account.
Well, the key to this product is to save money for travel. The important thing is that you pay 500,000 won per month and only receive a base interest rate of 1.6%.
When the savings matures, the actual amount I receive in my hands is 6,052,000 won. After deducting tax (15.4%), it is 6,043,992 won.
If you can get the maximum preferential interest rate and receive an interest rate of up to 4.5%.
After deducting taxes, you can receive 6,123,728 won.
Now, if you accumulate 6.12 million won as Modetour mileage… an additional 2% of Modetour mileage is accumulated. Approximately 120,000 won…
And you can receive a discount of 5-7%. Please read below for more details…
Up to this point, we have learned about Woori Welrich 100 travel savings. If you look carefully, you can receive preferential interest rates and enjoy actual benefits of about 80,000 won per year.
However, after checking the amount of 80,000 won, I thought that I would have to pay 7 million won with our card for one year.
If you look carefully at credit cards affiliated with telecommunication companies, you will find that there are quite a few credit cards that offer discounts on telecommunication fees ranging from as little as 5,000 won to as much as 20,000 won if you pay just 300,000 won per month.
However, when accumulated as Modetour mileage… 2% additional accumulation… and 5-7% discount service seem to be important to determine how much of a benefit it is to us.