Intro

Corporate Credit Card

A corporate credit card is a credit card issued to a corporation. It adds transparency to corporate expenses and offers a number of benefits that include the ability to track the company’s expenses, analyze expenditure patterns, and acquire proofs of expenditure.

Types of Corporate Cards

Cope of Corporate Credit Card Use

• Receptions and Employee Welfare: Paying for client receptions and employee welfare activities such as office outings and corporate events.
• Business Trip Expenses: Paying for airline tickets, hotels, transportation, and other expenses that arise during a business trip.
• Office Supplies: Paying for office and business supplies such as fax machines, copyingV machines, and stationaries.
• Training and Education: Paying for researches, lectures, and other expenses concerning employee training and education.
• Advertisement: Paying for adverts, promotions, and other marketing- and advertisement-related activities.
• Miscellaneous: Paying for insurance, automotive expenses, postage, etc.

Corporate Credit Card

Application

A corporate credit card is a credit card issued to a corporation. It adds transparency to corporate expenses and offers a number of benefits that include the ability to track the company’s expenses, analyze expenditure patterns, and acquire proof of expenditure.

Application Forms and Required Documents

Documents required in applying for a corporate credit card varies depending on the type of the application.
Please visit a Hana Bank branch or contact Hana Card’s customer center at 1800-1111 for more information.

• 1. Hana Card Corporate Membership Application (Front) and Hana Corporate Card Application Form (Common and Individual - Back)
• 2. Hana Corporate Card Application (Designated)
• 3. Co-Signer Form
• 4. Personal Credit Review Consent Form (Corporate Member)
• 5. Hana Card Limit Adjustment Request Form (Corporate Member)

Card Use

Annual Fee

* Hana Visa Platinum Corporate Cards do not have a special annual fee in addition to the standard annual fee.

Annual Fee Billing

• There are two types of annual fees: Standard and special.
• Annual fees are billed for each card the cardholder owns.
• Billing Date: Billed each year on the settlement date of the month in which the card was issued
  (first billing takes place on the month following the card’s issue).

Credit Limit

• Domestic credit limit for corporate members is managed consolidatively.
• Corporate members are managed using corporate registration numbers and personal businesses using the business owners’
  resident registration numbers.
• Credit limits are managed on four separate levels: Corporation, business, department, and card.
• Types of credit limits include recurring limits, fixed-term limits, timed limits, and gift certificate limits (for purchasing gift
  certificates and cards). (Overseas cash service limit is 30% of normal limit)
• Sum of transactions made using all credit cards issued under a single corporate registration number cannot exceed the total
  credit limit set for the corporation as a whole.
• Credit card and gift certificate limits are monthly limits that are reset each month on the first day of credit granting.
• Corporation and group limits are balance-based limits that are replenished by amounts transacted.

Credit Limit

* Installments: Available upon request with installment periods ranging from 2 months to 6 months.

Cautions

Card Ownership and Use

• When using your card, always present the card at the counter in person and check the transaction amount and the merchant’s name on the slip before signing.
• If your company’s address, telephone number, or the department in charge of administrating its corporate credit cards has changed, you must inform Hana Card of this change by visiting a Hana Bank branch.
• If the account used to settle credit card bills or your company’s business registration number has changed, you must inform Hana Card of this change by visiting a Hana Bank branch.
• If your company’s name has changed or you wish to change who gets to use your company’s corporate credit cards, you must visit a Hana Bank branch, return the existing and/or applicable card(s), and have new cards issued.
• Credit card sales slips are required for processing expenses without receipts. Make sure not to lose them.
• When using a common corporate card, individuals need to use their own signatures in order to make it easier to identify which individual made which transaction.
• If your card has been lost or stolen, please report it right away by contacting Hana Card’s customer center at 1800-1111.

Declined Credit Card Transactions

• Transactions using corporate credit cards may be declined if the monthly credit limit assigned to your company has been exceeded. If this is the case, please visit a Hana Bank branch and request your company’s credit limit to be raised.
• Credit cards that have been reported lost/stolen or are in arrears cannot be used until the issue has been resolved at a Hana Bank branch.
• Transactions in excess of \10,000,000 in a given month will require merchants to contact BC Card for manual authorization via telephone, even if your company’s credit limit has not been reached yet.
• Transaction requests made manually by punching in the credit card number or over the phone without physically scanning the card using a credit card reader may be declined.
• If your card has been declined before your credit limit has been reached, please ask the merchant to scan the card using a credit card reader for authorization.