![]() "VEEX Platinum targets customers paying small amounts with their credit card," Park Yu-jin of Lotte Card said. While the original VEEX Card differentiates the rate of points earning _ 0.5 percent for use of under 50,000 won and 2 percent for over 150,000 won _ VEEX Platinum applies a flat rate of 1 percent for all payments made with the card. Lotte Card issued more than 350,000 VEEX Cards last year after launching it in January 2011. The VEEX Platinum Card is a sequel of VEEX Card, the biggest hit from Lotte Card last year. It is an integrated mileage point system and can be accumulated and used at more than 30 affiliates of the Lotte network including the department store and hypermarket as well as online at, convenience store Seven Eleven, Angel-in-us Coffee shops, Lotte Cinema, Lotte World, restaurant TGI Fridays and Krispy Kreme donut franchise. The Lotte Points saved through VEEX Platinum can be used at Lotte Group's wide-ranging retail network. VEEX Platinum has other benefits including a Visa Card premium service such as discounts at restaurants in hotels and airports, duty free shops and free valet parking at luxury hotels in Korea. Lotte Card simplified qualifications for mileage saving and any customers using VEEX Platinum for amounts over 300,000 won will receive up to 1 percent of their card usage in points. Moreover, Lotte Card gives points for up to 3 percent of purchases made at Lotte Membership allies, including Lotte Department Store and Lotte Mart. It is relatively higher than other card companies generally gives only rewards 0.2 percent of spending in mileage points. Each cardholder can accumulate up to 1 million points per month. For purchases made overseas, the card firm gives back points worth 1.5-2 percent of the total spent. Lotte Card has launched the VEEX Platinum Card, which provides a new scheme of accumulating mileage points, to satisfy frugal users who want to save as much as possible.Ĭustomers using the VEEX Platinum Card are rewarded with mileage points, equivalent to 1 percent of their domestic usage. Generally, other credit cards offer 0.2 percent in points on purchases. The Lotte VEEX Platinum Card rewards users with 1 percent of all spending as mileage points.
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