Let’s learn about how to cash out OK Cashbag, how to use OK Cashbag, how to exchange points, and how to combine and use affiliate points.
If the available points are 1,000p or more, they can be used at affiliated stores, and if the available points are 50,000p or more, they can be cashed out.
Please read until the end as detailed information about OK Cashbag cash conversion and usage follows.
[Post order]
1. How to cash out OK Cashbag
2. How to use OK Cashbag (exchange for affiliated stores, affiliated online malls, and affiliated points)
3. Other questions about OK Cashbag (expiration date, point priority, etc.)
1. How to cash out OK Cashbag
To cash out OK Cashbag, you must have more than 50,000p of redeemable accumulated points.
If you apply in the OK Cashbag app by entering customer information verification information and a bank account in your name to receive the deposit, cashing will be completed within a week. (It is converted into cash without a separate fee)
Repayment details can be checked in the ‘OK Cashbag App > Settings > Point Settings > Application Result Inquiry’ menu.
[How to cash out OK Cashbag]
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Cash repayment limit
OK Cashbag points can be redeemed for cash up to a maximum of 500,000 points at a time.
If you want to apply for cash redemption of 500,000 points or more, you can apply for 500,000 points in multiple installments.
To cancel cash repayment
Cancellation of a cash redemption application can be done through the cancellation button in the redemption history only until the morning of the next day after completing the cash redemption application.
This is possible until the OK Cashbag system requests a deposit from the Korea Financial Telecommunications and Clearings & Clearings Institute.
If you applied for point redemption to your Nonghyup account but it was canceled
Cancellation of repayment due to an error in the Nonghyup account may occur if ‘Nonghyup Central Association’ and ‘Unit Nonghyup’ are confused.
If you have an account with the National Agricultural Cooperative Federation, select ‘Nonghyup’, and if you have a unit Nonghyup account, select ‘Member Nonghyup’.
What points are excluded from cash redemption?
Points earned by exchanging them from the points below cannot be applied for redemption.
Samsung Electronics combined points
L.Point
Our Wibee Honey Money
My Shinhan Point
Hana Money
Naver Pay
KB points converted from Pointly
Charging point
2. How to use OK Cashback
How do I earn or use points at partner stores?
If you run the OK Cashbag app and show your card barcode to the store staff, you can use OK Cashback because you do not have a physical card.
You can accumulate points using the mobile phone number you verified as a user in the OK Cashbag app.
How to earn or use points at affiliated online malls
When accumulating/using OK Cashbag points at an online mall, you can easily check your card number using the OK Cashbag app. Simply enter your 16-digit card number to complete your savings.
When you need a password, use the online password function
If it is over 1,000P, it can be used like cash at affiliated stores.
If the available OK Cashbag points are 1,000p or more, they can be used like cash at SK gas stations, charging stations, and OK Cashbag affiliated stores.
How do I exchange OK Cashbag points for gift certificates?
If the available OK Cashbag points are 5,000p or more, you can exchange them for a Shinsegae gift certificate.
When exchanging for a Shinsegae gift certificate, please visit the gift certificate exchange location in the store and inquire.
OK Cashbag can be exchanged for other affiliate points
OK Cashbag can be exchanged for the following affiliate points.
Welcome money, Shinsegae points, Korean Air mileage,
Asiana Airlines mileage, NH Nonghyup NH points,
Smile Cash, Culture Cash, Book & Life Cash
Amore Pacific Beauty Point, The Face Shop Point,
Mobile Cashbee, Emeo, Naver Pay
(Affiliation points may change in the future)
Naver Pay or other points can be exchanged for OK Cashbag
Welcome Money, Naver Pay, My Shinhan Point
KB Pay, Woori WON Honey Money, L.Point
Shinsegae Point, Hana Money, Book & Life Cash
(Affiliation points may change in the future)
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[Recharge] [Exchange] right next to OK Cashbag points
Press [Exchange]
Click on the name of the affiliate point you want to exchange to view.
Proceed after checking the agreement to provide personal information.
3. Other questions about OK Cashbag
Even if I have multiple cards, do the points count as one?
OK Cashback points are managed collectively by the card holder, so even if you use multiple cards, all points are added up and managed.
Is there a set expiration date when using points?
OK Cashbag points are valid for 5 years from the date they were last accumulated or used.
If there is no usage history for 5 years after the last accumulation/use, it will automatically expire after 5 years.
If you use OK Cashbag consistently, no points will be deducted upon expiration of validity.
How to use Samsung Electronics points?
Samsung Electronics points can be used at Samsung Digital Plaza and Samsung Electronics Services.
If you add up your savings in the OK Cashbag app, you can use OK Cashbag points from 5,000p.
Point usage priority
You can set the priority of use among your OK Cashbag accumulated points and charging points.
The point usage priority you set is applied when using available points and when waiting points are transferred to available points.
If you set the priority to accumulated points, the charging points will be used after all of the available points have been used. If you set the priority to charging points, the accumulated points will be used after all of the available charging points have been used first.