How to create a backup financial source in times of emergency

Considering the current economic climate, people are becoming more aware of how important it is to have a backup financial source for emergencies and risks.

There are numerous ways to create a financial backup these days. Opening a credit card with a credit limit, in particular, is regarded as a backup for shopping expenses and facilitates timely cash withdrawal.

With the goal to contributing to a better world through compassionate finance, Shinhan Finance's THE FIRST international credit card in collaboration with Mastercard has brought many optimal solutions to help customers solve financial problems in their lives at anywhere, anytime.

Let’s explore the advantageous of credit cards with Shinhan Finance which make the most of your personal backup financial resources, shall we.

Convenient and Fast

Credit cards can help you get a cash advance quickly without having to fill out a loan application and waiting for approval. Shinhan Finance has launched a special offer for customers opening a new THE FIRST credit card that will be free of domestic cash withdrawal within the first 30 days from date of card-issuance. At the same time, cardholders can easily and quickly withdrawal cash up to 100% of their card limit in just a few minutes.

On the current market, the maximum amount allowed to be withdrawn by card issuers varies between 30% to 70% of the granted credit limit. This method, however, frequently incurs a fee, which is a fee for withdrawing cash from an ATM using a credit card. Most banks charge a fee ranging from 2% to 4% of the transaction amount.

Take a look at the Program Terms and Conditions to better understand the offer "Waving ATM Domestic Fee for First month after issuing".

THE FIRST credit card’s flexible instalment loan

By withdrawing cash at ATMs with THE FIRST, primary cardholder can convert outstanding balance of your credit card into affordable fixed monthly instalments with free of conversion fee and flexible instalment terms to 48 months.

And yet, customers enjoy benefit with 2% discount on installment interest rate in the first 2 months from issued date. This instalment program applies for cash advance transactions at ATMs, which can be combined with withdrawal transactions in the same statement period, minimum from 10,000,000 VND.

Besides, cardholder will be experienced in The First’s features such as: Register via iShinhan in 5 minutes, earn reward point with accumulation rate 0.5% spending, Free 100% annual fee on 1st year, and more promotions up to 50% off at Shinhan Zone’s partners.

Furthermore, from now until 31 Dec’23, Shinhan Finance launched the campaign "Cash withdrawal with THE FIRST, receiving attractive gifts". Accordingly, customers who open and withdraw cash via THE FIRST credit card will have the opportunity to receive up to 200,000 VND. For more information, please click here.

Currently, Shinhan Finance continues to promote the application of technology in services, ensuring transparency and timely response to customers' needs, aiming to prevent loan sharks and bring s optimal financial solutions for Vietnamese people.