Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Credit Card BYTES FROM OUR KITCHEN

    ICBC Unionpay Dual Currency Card for Cashback: Yet to Get Reviews

    Credit Card Application

    This card allows you to make payments in two currencies - Singapore Dollars (SGD) and Chinese Renminbi (RMB). The highlights of this card include:

    Card Highlights
    • Earn up to 8% cashback on retail purchases.
    • The administrative fee will be waived for all RMB transactions.
    • Your annual fee will be waived for the first 3 years.
    • Preferential cash advance rates for cash withdrawals performed at ATMs in Mainland China.

    Best suited to: Those who frequently travel to Mainland China and use their card for making purchases.

    Key Features

    Features Description
    Annual fee S$30-S$150 (3 years’ annual fee waiver)
    Cashback on eligible retail spends Up to 8% cashback
    Complimentary travel insurance Not available

    Additional Benefits

    • Any transaction you make in Mainland China will get automatically charged in RMB. You can choose to pay this transaction amount either in SGD or RMB currency.
    • With this card, you’ll be eligible for various promotional offers. To learn more about the latest offers, view our ICBC promotions page.
    • I GO Singapore:
      • I GO SG is a program that is available to all ICBC credit cardholders across the world.
      • This program gives you access to exclusive discounts and privileges at various participating merchants.
      • The participating merchants of I GO SG are broadly classified into 6 categories –
        • Shopping: Special shopping promotional offers at prominent shopping malls.
        • Dining: Special food products, must-try signature dishes.
        • Hotels: Fine accommodation at luxury hotels at discounted prices.
        • Leisure: Enjoy your vacation in Singapore and explore islandwide.
        • Beauty & wellness: High-quality foods and health-related products.
        • Others: Delicious local food items, souvenirs, etc.

    Earn Cashback with ICBC UnionPay Dual Currency Card

    With an ICBC UnionPay Dual Currency Credit Card, you will be eligible for a cashback promotion. Take a look at the table given below to get more details about how the cashback promotion works.

    Every month under the eligible quarter Cashback you earn for all eligible spends of up to S$500 Cashback you earn for all eligible spends above S$500 Maximum cashback you’re entitled to in a month
    1st month 0.5% 2% S$50
    1st succeeding month 0.5% 5% S$60
    2nd succeeding month 0.5% 8% S$80

    Note:

    • Here, the 1st succeeding month refers to the 2nd month of the 2 continuous calendar months during which you spend above S$500.
    • Here, the 2nd succeeding month refers to the 3rd month of the 3 continuous calendar months during which you spend above S$500.

    Let Us Illustrate:

    Let us assume you spent S$500 and above in every month of the eligible quarter. Suppose you spent S$670 in the final month of the eligible quarter, you will earn cashback of 0.5% on S$500 and cashback of 8% on S$170.

    Every month under the eligible quarter Amount spent Cashback you earn
    1st month S$510 S$2.7 (0.5% of S$500 + 2% of S$10)
    1st succeeding month S$570 S$6 (0.5% of S$500 + 5% of S$70)
    2nd succeeding month S$670 S$16.1 (0.5% of S$500 + 8% of S$170)
      Total cashback earned: S$24.8

    Interest Rate

    Type of Interest Charge
    Retail purchases 24% p.a. (SGD Account) 18.25% p.a. (RMB Account)
    Cash advance 24% p.a.

    Fees & Charges

    Type of charge Charge
    Overseas transaction fee
    • For non-SGD and non-RMB transactions, 1.5% of the converted amount will be the administrative fee.
    • For SGD and RMB transactions, no administrative fee will be applicable.
    Late payment fee 5% of the minimum amount or S$40 (Singapore Dollar card account)/¥40 (Renminbi card account) - whichever amount is higher.
    Over limit fee
    • S$40 (Singapore Dollar card account)
    • ¥40 (Renminbi card account)
    Cash advance fee
    • SGD card account: 5% of the withdrawn amount, with a minimum of S$15 per transaction.
    • RMB card account: 3% of the withdrawn amount, with a minimum of ?9 per transaction.
    Supplementary card fee S$15-S$75

    Eligibiligy

    To know more about the eligibility criteria that is applicable to this card, go to ICBC credit cards.

    How to Activate ICBC Union Pay Dual Currency Card for Overseas Use?

    You need to activate your credit card for overseas usage. Before you can use your card for an overseas transaction, the magnetic stripe on your card needs to be enabled. Your credit card can be activated in the following ways:

    • By calling the 24-hour hotline
    • Via internet banking
    • By visiting your nearest bank branch

    ICBC Credit Card Instalment Payment Plan (IPP)

    • With this plan, you can pay for your big purchases via interest-free instalments on a monthly basis. You can choose to repay within 3, 6, 12, or 24 months.
    • To qualify for this plan, you need to submit your IPP application at least 7 business days before the due date of your statement.
    • Depending on your repayment period you choose, a one-time processing fee will be applicable.
    • You must charge the transaction to your Singapore Dollar card account. To qualify for this plan, you need to be an existing ICBC credit cardholder.
    • This plan can be used on a qualifying transaction that is worth at least S$500. You can apply for this plan in three ways:
      • Mobile banking
      • Internet banking
      • By visiting any of the bank branches personally

    Lost or Stolen Card?

    If your ICBC Credit Card is lost, stolen, or the card’s PIN has been disclosed without your authorization, you need to notify the ICBC Bank immediately. Your liability will be restricted to S$100 for any unapproved transaction that happened after your card was lost or stolen, provided you suffice the conditions mentioned below:

    • You intimated the bank about the loss of your card or unauthorised pin disclosure immediately.
    • You helped the bank authorities in recovering any unapproved charges that may have been made with the card.
    • You submit a police report copy to the bank which includes a written confirmation of the loss or theft of your card or your card’s PIN disclosure without your approval.
    • You need to assist the bank with any other kind of information the bank might need to proceed with the investigation.
    • The ICBC bank is convinced that the loss of your credit card or unapproved disclosure of your card’s PIN did not happen due to your negligence.
    BankBazaar Singapore is a one-stop reliable platform that helps you find the best credit card offers. Our page will have all the information you need – details of the offers and their terms and conditions.
    Credit Card Tips

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    What Else You Need to Know?

    How to Enable/Disable Auto Debit & Standing Instructions?

    Through Balance Auto-transfer/Trigger Auto-transfer/Recurring Auto-transfer

    Through auto-transfer, you can transfer funds from your savings account for the payment of your credit card bills. You can choose from the following options:

    • Balance auto-transfer
    • Trigger Auto-transfer
    • Recurring Auto-transfer

    How to Apply for the Card & Check the Application Status?

    Apply Through Bank Branch/Online/Mail/Fax and Follow Up With the Bank

    You can apply for a card through one of the following modes:

    • Download the relevant form from the bank’s website and send it to the bank.
    • Collect the form from a sub-branch of the bank and submit it there. The supporting documents will also have to be submitted.
    • Complete the relevant form and submit the same along with the supporting documents online.

    For enquiries regarding your application, call the bank’s 24-hour helpline.

    How to Check HSBC ICBC Union Pay Dual Currency Card Balance?

    Through Internet Banking/Mobile Banking/Tele Banking/ATMs

    Outstanding and current balance can be checked with the help of:

    • Personal internet banking
    • Mobile banking
    • Tele banking
    • At ICBC ATMs

    How Can the Bill Be Paid?

    Through Internet Banking/Auto-Debit/AXS/Cheque/Cash

    Bill payment options include:

    • Internet banking.
    • Automatic payment from your ICBC current account, if you own one.
    • AXS.
    • Crossed cheque.
    • Through cash at a sub-branch. Payment is accepted in both RMB and SGD.

    How Much Is the Minimum Amount to Be Paid on the Card?

    3% of the Outstanding Balane or Min S$50

    To settle your minimum payment due, you’ll have to pay:

    • 3% of the outstanding balance, subject to a minimum of S$50.
    • Minimum payment dues from previous billing cycles, if any.
    • Amounts used in excess of the approved credit limit, if any.

    What Is the Grace Period?

    25 Days

    Grace period offered on the card is 25 days from the time of generation of the statement, provided, you have paid settled all your past dues in full.

    How to Block or Unblock the Card?

    Call Hotline Number

    Call the bank’s 24-hour helpline if you need assistance with blocking or unblocking your card.

    How to Reset the PIN?

    Fill Form and Submit to Bank

    Reset your card PIN by:

    • Downloading the Credit Card Instruction Form.
    • Fill out the relevant fields.
    • Send it to the Raffles Quay branch of the bank.

    What Is the Billing Cycle and Bill Due Date?

    1 Month
    • The billing cycle and the bill due date can be found on the monthly statement.
    • The billing cycle usually depends on the number of business days in the period under consideration.
    • Avoid late payment fees by paying the minimum amount due within the due date.

    How to Get a Replacement Card?

    Fill Form and Submit to Bank

    To replace your card, do the following:

    • Download the Credit Card Instruction Form.
    • Indicate the reason for replacement in the form. The reasons could be:
    • Loss.
    • Expiry. In this case, you’ll have to provide the relevant supporting documents.
    • Non-receipt.
    • Damage.
    • Other reasons. Indicate the reason on the form.

    How to Temporarily Increase the Limit of the Card?

    Fill Form and Submit Through Email/Fax/Mail
    To temporarily increase or decrease your credit limit, you’ll have to:

    • Download the Limit Adjustment Application Form from the bank’s website.
    • Indicate the following in the form:
    • Increase or decrease.
    • Reason for temporary credit limit review.
    • Effective start and end dates.
    • Current and adjusted credit limit.
    • Complete the form and send it to the bank through:
    • Email.
    • Mail to the Raffles Quay branch.
    • Fax.
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