Sunshine Loan Card is a product that supports issuance of credit cards to expand financial product options and lead to healthy consumption for low-credit users who are excluded from benefits such as installments and points due to difficulties in issuing a credit card.
Qualifications to apply
Source: Homepage of the People’s Finance Agency
The qualifications for application are as follows, and you must complete the required training for the Sunshine Loan Card. 햇살론카드 신청
ㅇ Less than 10% of credit score (based on KCB or NICE*) 이베이스매뉴얼
ㅇ Annual disposable income of 6 million won or more * Corresponds to 655 points based on KCB and 724 points or less based on NICE as of October 27, ‘21, and applied as a credit score favorable to users
ㅇThose who have completed the required education for the Sunshine Loan Card (Complete all 3 subjects of ‘Required Education for the Sunshine Loan Card’ at the Seo Geumwon Financial Education Portal)
Application process
To apply for a card, you must go through the following procedures, and you can only get it from one of the card companies that can issue it.
(Apply for guarantee) Apply for guarantee through the Seo Geumwon app → Complete the required Sunshine Loan card training on the financial education portal → Sign a guarantee contract (apply for a card) Apply at 7 credit card companies* You can apply through the link)
* Lotte, Woori, Hyundai, Kookmin, Samsung, Shinhan, Hana Card
Restriction on use
Since it is a credit card for low-credit users, there are many restrictions on using it.
Issuance is limited to one credit card company per person, and the installment period is limited to a maximum of 6 months.
In addition, it is operated exclusively for domestic use, where overseas payments are not possible, and family cards or postpaid high pass cannot be issued.
ㅇ Credit card loan (cash service, card loan, revolving), payment deferral and installment payment, limited use of some industries* * Entertainment industry (danran pub, night club, etc.), gambling industry (casino, racetrack, lottery room, etc.)**, golf course , sales of gunpowder, sales of adult products, some unauthorized payments, etc.
** The standards for the entertainment industry and speculative industry are the same as those operated by the national subsidy (disaster subsidy) (may be different depending on the business classification standard for each card company)
Points to note
The thing to note is that it is not something else, but a card company that gives a lot of benefits when issuing a new card in consideration of the future should be avoided.
Since you can only receive it from one card company, if you continue to use it, you will not be able to receive new benefits from that card company.
Therefore, it is better to avoid places such as KB Kookmin Card, Samsung Card, Shinhan Card, and Lotte Card, which have relatively many benefit events, from issuing Sunshine Loan cards.
Below is the annual fee and benefits by card company.