View credit card points and convert them into cash
Credit card companies are paying points in preparation for the amount spent to attract credit card users and increase payment amount. These accumulated points are used to pay for credit card payments or to purchase items at affiliated shopping malls.
There are cases where it is cheaper to purchase with cash than when purchasing with points, so you may feel like you are losing money. In this case, you can use it by converting it into cash on the card company website or mobile app.
In the case of using multiple credit cards, it was cumbersome to install an app for each card company, and it was not easy to find because each app had a different cashing service menu. Let’s take a look at a credit card point cashing service that can relieve this hassle at once.
Point inquiry and cashing at once!
Account information integrated management service Accountinfo
KFTC
KFTC is operating an account information integrated management service to help you in your financial life without unnecessary procedures. It is ‘Account Info’. We provide services so that you can conveniently manage your financial account and card information in one place.
First, search for ‘account info’ in the search bar and then go to the service. In order to view financial information, a joint certificate (formerly public certificate) or a financial certificate is required, so please use a PC with your own certificate installed.
In the main menu located at the top of the screen, click ‘My Card at a Glance’ and select ‘Cash Points’. There is also a point inquiry service, but if you use the monetization service, you can check the inquiry and monetization at once.
Because it is sensitive personal information, you must agree to the use of personal information. Since this is a service provided by the Korea Financial Telecommunications and Clearings Institute, stability is guaranteed, but if you are concerned about information leakage, please proceed after checking that the firewall service is operating normally. Also, if you check that the address of the web page (payinfo.or.kr) is correct in the address bar of your web browser, you can use it more safely.
When the use agreement process is completed, you will be moved to the login process using a certificate. Private certificates are not supported, and only joint or financial certificates can be used.
When login using the certificate is completed, the identity verification process using the mobile phone begins. It should be noted here that only the registered phone number can be used when opening an account. ① Enter security text → ② Select bank name → ③ Enter mobile phone number → ④ Click Get verification code → ⑤ Enter verification code received via text message (sms) → ⑥ Click ‘Confirm verification’
Please agree to the procedure of entrusting the request for viewing and application of personal information to each credit card company in order to cash in points. According to the guide, you can use the credit card point inquiry service without re-agreement for one year after consent.
This is the process of checking the point inquiry result. You can check the accumulated points for each card company that you have not used so far, and you can apply for each company or apply for all points in cash.
This is the menu to enter the account to receive the deposit. After selecting the name of the financial company to be received and entering the account number, press the ‘Confirm’ button to confirm that your account is correct. At this time, please note that in the case of securities accounts, receipts can only be made to general trading and CMA accounts. Also, if the account is under foreclosure or has been suspended due to inactivity for a long period of time, the balance cannot be found, so be careful.
After confirming the company name and account number of the account to be received, click ‘Apply for cash’. Finally, if you sign the contract electronically, all procedures will be completed and the deposit will be deposited into the account you applied for.
[Source] Searching credit card points and converting them into cash|Author Woolim Consulting Team Leader