I use Hyundai Card as my main card. If you use Hyundai Card, you can earn M points, but these M points are more useful than I thought… While looking for a way to spend the accumulated M points, I found a way to cash these points ! Today, let’s take a look at how to convert Hyundai Card M points into cash.
How to cash Hyundai Card M points 현대카드 M포인트 현금화
index
What are Hyundai Card M Point and H Coin? 좋은뉴스
M point
H coin
How to cash Hyundai Card M points
concluding
What are Hyundai Card M Point and H Coin?
M point
· M point
A system in which a certain percentage of the Hyundai Card usage amount is accumulated as points. M points can be used like cash at affiliated merchants, but there is a limitation that only a part of the payment amount can be paid.
There are representative points for each card company. For example, Kookmin Bank can use KB Pointree and Shinhan Bank can use My Shinhan Point. Likewise, Hyundai Card has a representative point, and it is this M-point. M Points are accumulated from 0.5% to 6.0% of the amount used depending on the card, type of business, and amount used. For your reference, please check individual card benefits for details.
The characteristics of the M-point are summarized as follows.
· M point features
Direct cashing is not possible (can be converted to H coin and indirectly cashing)
It can be used instead of cash at affiliate malls, but only part of the purchase amount can be used
In addition, it can be converted to partner points such as airline mileage and Tmon Cash.
What I felt uncomfortable about using M Points was that only part of the purchase amount could be paid with points. For example, when paying for a product worth 100,000 won with Hyundai Card at affiliated stores, you can only pay up to 20,000 points, or 20% of the purchase amount, by using M Points. I’m not sure why 100% point payment was blocked… But it wasn’t easy to consume M-points like this.
H coin
· H-Coin
It is a point that can be accumulated by Hyundai Card individual members by converting M points or using Fubon Hyundai Life insurance products, and unlike M points, it can be converted into cash.
H-Coin is another point system newly established by Hyundai Card. H-Coin is obtained by converting M-points at a ratio of 1.5 to 1 or using Fubon Hyundai Life insurance products. Unlike M Point, H Coin can be paid like 100% cash at affiliated stores, and can be deducted from card use or converted into cash and remitted to your account. For your reference, the H-Coin cash conversion details can be found in the Hyundai Card Individual Membership Agreement → H-Coin Terms and Conditions Section ④.
· Features of H-Coin
It can be used as payment for card use, and can be exchanged 1:1 with cash (using the account withdrawal function)
You can pay like 100% cash at affiliated merchants
If you have checked the characteristics of H Coin, do you have a sense of how to convert M points into cash? Now, let’s look at how to convert Hyundai Card M points into cash.
How to cash Hyundai Card M points
· Matters to note when converting M points into cash
First, M points are converted into H Coins, and then H Coins are cashed 1:1. In this process, once converted H Coins cannot be converted back into M Points.
[M Point: H Coin] The conversion ratio is 1.5:1. That is, the conversion ratio of [M points : cash] is also 1.5:1.
There are some things you need to know before cashing Hyundai Card M Points. M points are converted to cash at a ratio of 1.5:1. In other words, if you convert 15,000 Mpoints into cash, it becomes 10,000 won. Nevertheless, converting M-points into cash is not a loss. This is because Hyundai Card’s point accumulation rate is about 1.5 times higher than other card companies. Anyway, now that we have checked the precautions, let’s start cashing in the M-points in earnest.
Connect to [Hyundai Card Homepage] with a PC and log in
Hyundai Card website
▲ After accessing the Hyundai Card homepage, click the [Login] button in the upper right corner.
Hyundai Card website login screen
▲ After selecting the [ID] menu in the middle of the login screen, enter your ID and password to log in.
M Point → Convert H-Coin
Hyundai Card M Point Menu
▲ From the top menu, select [M benefits guide] → [M point H-Coin conversion] menu.
Convert M Point to H Coin
▲ You can convert your current M-points into H-Coins in increments of 100 points. After entering the desired number of points, press the [Conversion request] button.
M point H coin conversion confirmation
▲ The point conversion confirmation pop-up will appear. A notice appears saying that cancellation of conversion can only be done through the customer center on the same day. After checking the contents, press the [OK] button.
Conversion to M Point H Coin completed
▲ When the conversion is complete, the above screen appears. Click the [H-Coin User Guide] menu below.
H-Coin → Cash conversion
H coin user guide page
▲ The H-Coin user guide screen appears. If you scroll down, there is a [Comparison of benefits using H-Coin] menu at the bottom left. Click here.
H Coin Benefit Comparison Page
▲ If you scroll down the pop-up window, there is a [Remittance to My Account] menu at the very bottom. Click here.
H Coin account remittance screen
▲ The H-Coin you currently have and the amount you can remit are written. Enter the desired amount and scroll down.
Account remittance authentication screen
▲ Proceed with the identity verification process for remittance. You can authenticate with a card and mobile phone, but I authenticated with a card. After entering the first 2 digits of your card password, click [Confirm] → [Apply] button in that order.
H Coin account remittance completion screen
▲ If the above screen appears, H-Coin will be deposited in cash in your account within about 5 minutes.
concluding
Today, we looked at how to convert Hyundai Card M points into cash. If you are not good at using points like me, it is recommended to convert them into cash by following the above method. Of course, you can also use it as a credit card payment, so it’s better to choose it according to your taste. Today’s post ends here.