There are obvious functional and positioning differences between ICBC’s merchant cards and debit cards. The Merchant Friend Card is actually a type of financial gold card. Its core feature is the accompanying Merchant Friend Package, including preferential remittance services. In contrast, the ICBC debit card does not have a distinction between gold and silver cards. It is mainly different in the card design. The customer groups are distinguished based on the star rating system. Those with 5 stars and above are VIP, and those with higher levels are Wealth customers may enjoy preferential treatment when receiving banking services, but there is no obvious logo on the card surface.

Business Friend Cards are mainly issued to members of the ICBC Business Friend Club, and the application conditions vary depending on the type of customer. Corporate legal persons, shareholders or partners, and business owners need to provide relevant business qualification certificates, while handling personnel other than legal representatives need additional authorization documents. Specially invited customers need to provide certification materials provided by the Personal Financial Business Department to join the membership. The Elite Club Merchant Card is specially designed for club members. There is no handling fee for remittances to other places, and handling fees are also waived for transactions within the package. It provides convenient financial services without additional fees. Its main advantage is that there are also no handling fees for deposits and withdrawals in other places. .

It is worth noting that the merchant card is a debit card rather than a credit card, and the annual fee policy is different. Starting from 2017, the annual fee will be RMB 50. New merchant cards will be exempted from the annual fee in the first year. According to the membership level, level I will be charged the full amount, level II will receive a 50% discount, and levels III, IV, and V will be exempted. Annual fee. In general, Merchant Friends Card pays more attention to practicality and cost savings in its preferential services for Merchant Friends Club members.