Monday 2 July 2007

Credit for Clergy

One of South Korea's top banks has rolled out a new credit card for Protestant clergy that will give them breaks on Bible purchases and allow them to gather bonus points they can turn into donations for their churches.

The state-run Industrial Bank of Korea said on Friday it had introduced its "I am Pastor" card that will give clergy the equivalent of a few dollars off when they purchase religious books or other texts at certain authorized Web sites.

"Pastors are usually not issued credit cards, because they do not meet credit requirements," said bank official Kwon Han-sup. "We do not expect to make much of a profit out of this."

The pastor card also allows users to have discounts when purchasing petrol or movie tickets and allows them to collect points that they can use for donations to charity.

The bank said it introduced the card to better help serve religious leaders.

It plans to release similar cards for the other main religions in the country after working out products targeted to Buddhist and Catholic leaders.

"We wanted to make one type of card for all of them but realized the clergy of these different religions have different needs," Kwon said.


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