The ICBC Koipy Dual Currency Credit Card provides you with the flexibility of choosing to pay for your transactions in Singapore Dollars (SGD) or Renminbi (RMB) without having to pay any currency conversion fee. Some of the highlights of the card are:
A cashback of 1% if your monthly bill is less than S$1,000.
A cashback of 3% if your monthly bill is S$1,000 or more.
Best Suited To: This card is perfect for those who frequently travel to China as well as make transactions in both RMB and SGD.
Platinum Card: S$150(waived for the first 3 years)
Gold Card: S$120(waived for the first 3 years)
Cashback on all retail spends
1% if your monthly bill is less than S$1,000
3% if your monthly bill is S$1,000 or more
Complimentary travel insurance
Enjoy exclusive dining privileges at ICBC-Koipy selected merchants.
Transactions made in Mainland China are automatically charged in RMB.
Get preferential cash advance fees at ATMs in Mainland China with this card.
Receive a complimentary Sands Rewards LifeStyle Elite Membership Card with your credit card. Earn up to 9% instant reward dollars from over 200 participating merchants and save on dining and stay at the Marina Bay Sands.
Enjoy attractive promotional discounts and offers on your card from time to time. Check our dedicated ICBC promotions page for the latest offers.
Earn Cash Back Rewards
Earned cashback will be credited within 30 working days from the end of each month.
Cashback earned by the supplementary cardholder will be credited to the account of the principal cardholder.
Cashback earned can be used to offset any purchases made in SGD in the subsequent month.
Up to S$60 can be earned in cashback every month.
Let Us Illustrate:
Let’s say that your credit card bill for this month is S$2,200. Of this, you have spent S$600 on eating out, S$450 on groceries, S$750 on online shopping, and the remaining S$400 on all other retail purchases. So, the cashback earned for this month is shown in the table below:
Other retail spends
(Since cashback is calculated on your monthly billed amount)
(Actual cashback earned is S$66, but since there is a cap per month, you earn only S$60)
Type of Interests
SGD rate: 24% p.a.
RMB rate: 18.25% p.a.
Instalment Payment Plan
Fees & Charges
Type of Charges
Overseas Transaction Fee
No fee for transactions made in RMB and SGD
Non-RMB and non-SGD transactions: 1.5% of the amount
Late Payment Fee
5% of the minimum payment amount or S$40, whichever is higher
Cash Advance Fee
SGD: 5% of the amount withdrawn, with a minimum of S$15
RMB: 3% of the amount withdrawn, with a minimum of RMB9
Supplementary Card Fee
Platinum Card: S$75
Gold Card: N.A.
(waived for the first 3 years)
Activating Your Card for Overseas Use
Yes, the magnetic stripe on your card has to be activated if you wish to use it for POS transactions overseas.
Activate the magnetic stripe for overseas use by:
Calling ICBC’s hotline.
Using their internet banking facility.
Use the same methods as mentioned above to deactivate the feature as soon as your return to Singapore. This will guarantee better data protection and reduce chances of misuse.
Instalment Payment plans
Convert your high-value purchases into affordable monthly instalments.
No interest will be charged if you make full payments at the end of each month.
Spread your payment over periods starting 3 months and going up to 24 months.
A one-time processing fee will be charged.
The effective rate of interest (EIR) is:
1.80% p.a. for a 3-month tenure.
5.55% p.a. for a 24-month tenure.
The minimum value of your purchase has to be S$500 if you wish to opt for this plan.
Notify the bank by calling their 24-hour Hotline.
File a police report and submit a copy of the same to the bank.
Provide a written confirmation of the incident along with any other document asked for to the bank.
Your liability for unauthorised transactions charged to your card is limited to S$100 if:
You weren’t involved in the fraud.
You weren’t grossly negligent.
You had informed the bank of the incident within a reasonable period from the time of its occurrence.
You were found compliant with the bank’s regulations.
You were found cooperative during the bank’s investigation.