Why are there two ICBC credit cards when the ICBC credit card application is approved?

There are two ICBC credit cards, indicating that the user has applied for a set of cards. For example, ICBC’s Endeavor Credit Card adopts the “11” card application method. After successful application, two credit cards will be issued, divided into UnionPay and MasterCard. This kind of credit card cannot be applied for supplementary cards, but the two credit cards remain independent when used. .

Users get two credit cards and can selectively activate them according to their usage. For example, when they only use the credit card domestically, they can only activate the UnionPay card, and they can choose not to activate the other one. No fees will be incurred when the credit card is not activated. It will become invalid after the expiration date, and users can also choose to cancel.

ICBC’s Qianfeng Credit Card has three levels: regular card, gold card, and platinum card. This card adopts the “11” card application method. Each level has two card organizations, UnionPay and MasterCard. ICBC’s Struggle Credit Card cannot apply for supplementary cards, but you can get UnionPay and MasterCard cards upon application.

If the user activates two credit cards, the limits of the two credit cards are shared when using them. Generally, the shared limit is calculated based on the card with the highest limit. For example, if one of the two credit cards has a limit of 5,000 yuan and the other has a limit of 7,000 yuan, the maximum amount that can be spent on the two credit cards is 7,000 yuan.

Users must repay on time after using credit cards to make purchases, and avoid overdue repayments. If an individual is unable to repay the debt on time, he or she can borrow money from a friend to repay the debt. If the personal funds are relatively sufficient, it can be repaid to the friend. However, one cannot borrow money frequently to repay the credit card debt.

This is the case for me

What should I do if I get two credit cards from ICBC? 90% of people don’t know.

Many cardholders will encounter this situation when applying for ICBC credit cards. They obviously only applied for one but were sent two, and both were exactly the same. , I don’t know what’s going on, and what are the differences in the usage of these two cards. Let me introduce them to you below.

What should I do if I am given two ICBC credit cards?

Although ICBC gave me two credit cards, and they were exactly the same, there were still differences if you looked carefully. The main reason was that the card organization was different. One was from UnionPay and the other was from MasterCard. As for why this is the case, it is because ICBC adopts an 11-card application model for this credit card, with the purpose of meeting your domestic and overseas consumption needs.

After all, the uses of the two credit cards are different. The UnionPay card mainly allows you to consume domestically, whether it is swiping POS machines or shopping online; while the MasterCard card has a limited range of domestic use and can only be used for domestic purchases. By swiping the POS machine with the VISA logo, consumption abroad is relatively smooth, and you can also enjoy cashback discounts.

But it should be noted that although ICBC has given two cards, the accounts of the two cards are linked, and the quotas are shared. That is, the RMB account and the foreign currency account share the same quota, so Don’t think that if you give two cards, the limit will increase. In addition, if you have another ICBC credit card in your name, you will also enjoy a limit.

In addition, although the quota is unlimited, the annual fees of the two cards are calculated separately. The specific annual fees vary according to the card level. However, UnionPay cards can generally reduce the annual fee based on the number of card swipes, while MasterCard usually waives the annual fee within the validity period.

In short, ICBC credit card adopts the 11-card application model, so you will be issued two UnionPay MasterCard single-logo cards once you apply. If you only have domestic consumption needs, you can only activate your UnionPay card. You can choose to keep your MasterCard card well and activate it again when you go abroad.

Why does ICBC apply for two credit cards?

Reason:

ICBC applies for two credit cards as a set. The two cards can be used independently. Consistent and enjoy the quota. The so-called "exclusive limit" means that all credit cards held by the same cardholder use the same limit.

1. ICBC Credit Card:

ICBC Credit Card is the most widely issued credit card in China. Currently, the main types of ICBC credit cards include: Peony International Credit Card, Peony Credit Card, and Peony Credit Card. Credit cards; according to the brand of ICBC credit cards, they are divided into: Peony Visa Card, Peony MasterCard and Peony Express Card; according to the credit level, they are divided into: Platinum Card, Gold Card and Ordinary Card; according to the issuance objects, they are divided into business cards and personal cards. Personal cards are divided into primary cards and secondary cards.

2. Charging standards:

1. Annual fee standard

The annual fee for domestic ordinary cards is 50 yuan, and the gold card is 100 yuan; international dual-currency ordinary cards The fee is 100 yuan, gold card 200 yuan; business ordinary card 200 yuan, gold card 400 yuan; platinum card 2,000 yuan; all supplementary card annual fees are half of the main card annual fee.

2. Annual fee-free policy

ICBC’s annual fee charging standard is to collect the annual fee after use, that is, the annual fee will not be charged until one year after the account has been opened. During this year, As long as you make 5 transactions or 5,000 yuan (3 transactions or 3,000 for student card, 160,000 points for annual fee or 200,000 for free annual fee for platinum card), the annual fee for that year will be waived. At the same time, there is no annual fee for ICBC credit cards if you do not open the card.

Extended information:

Industrial and Commercial Bank of China (INDUSTRIALANDCOMMERCIALBANKOFCHINA, ICBC for short) was established on January 1, 1984.

The head office is located at No. 55, Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and one of the four major banks in China.

The basic mission of ICBC is to raise social funds through domestic and foreign financing activities in accordance with national laws and regulations, strengthen credit fund management, support enterprise production and technological transformation, and serve my country's economic construction.

In February 2017, BrandFinance released the list of the top 500 global brands in 2017, with Industrial and Commercial Bank of China ranking 10th.

On June 20, 2018, the "China's 500 Most Valuable Brands" analysis report was released, and ICBC ranked 4th. In July 2018, the British "Banker" magazine released the list of the top 1000 global banks in 2018, with Industrial and Commercial Bank of China ranking first. In 2018, Fortune ranked 26th among the world's top 500 companies.