Can ICBC’s foreign credit cards be used in China
As long as they have the UnionPay logo, they can be used in China. If you open a dual-currency card or a multi-currency card at ICBC, you can Yes, the multi-currency card supports multiple countries. As long as the credit card applied for is generally dual-currency, the borrower needs to meet the credit card requirements when applying for the credit card.
The process for applying for an ICBC credit card:
Urban and rural residents who are over 18 years old; have a fixed job and a stable income, and generally work in the place of permanent residence; fill in the application form and submit it in Personal signature at "Applicant's signature". Copies of ID documents, work certificates, income certificates, etc.; provide bank deposit certificates, real estate certificates, degree certificates, etc.; Work certificate: It can be the original work certificate issued by the employer. The more detailed the submission, the higher the chance of passing. Can ICBC credit cards be used outside China? International credit cards can be used. How to spend with ICBC foreign credit cards? Both ICBC credit cards with the UnionPay logo and VISA credit cards can be used abroad. UnionPay credit cards can be used in mainland China, Hong Kong, and Macau without any fees. UnionPay credit cards can be used abroad, but their coverage in European and American countries is not high.
VISA credit cards and MASTERCARD credit cards generally charge a foreign exchange fee of 1.5 for overseas overdraft consumption. Even after swiping a card in a non-US dollar country, the payment is generally settled in US dollars. After returning to China, you can repay the loan directly in U.S. dollars. If you repay in RMB, you need to activate the self-service foreign exchange purchase function (free activation). After activating the self-service foreign exchange purchase function, users can directly repay in RMB according to the exchange rate announced by the bank on the day of repayment.
In addition, if the overdraft amount on your credit card is in both U.S. dollars and RMB, the system will give priority to paying off the U.S. dollar balance before repaying the overdraft amount in RMB. When repaying within the interest-free period, users do not need to pay any handling fees and interest. If outside the interest-free period, the bank will charge daily interest based on 50,000% of the total overdraft amount.
Can ICBC’s foreign credit cards be used domestically?
ICBC credit cards with the UnionPay logo and VISA credit cards can be used overseas.
UnionPay credit cards can be used in mainland China, Hong Kong, and Macau without any fees. UnionPay credit cards can be used abroad, but their coverage in European and American countries is not high.
VISA credit cards and MASTERCARD credit cards generally charge a foreign exchange fee of 1.5 for overseas overdraft consumption. Even after swiping a card in a non-US dollar country, the payment is generally settled in US dollars. After returning to China, you can repay the loan directly in U.S. dollars. If you repay in RMB, you need to activate the self-service foreign exchange purchase function (free activation). After activating the self-service foreign exchange purchase function, users can directly repay in RMB according to the exchange rate announced by the bank on the day of repayment. In addition, if the overdraft amount on your credit card is in both U.S. dollars and RMB, the system will give priority to paying off the U.S. dollar balance before repaying the overdraft amount in RMB. For repayment within the interest-free period, users do not need to pay any handling fees and interest. If outside the interest-free period, the bank will charge 50,000 per cent of the total overdraft amount.
ICBC Credit Card Constellation Card Going Abroad Can it be used?
The ICBC Credit Card Constellation Card can be used abroad.
When applying for the ICBC Credit Card Constellation Card, the bank will give users two cards, one of which is an overseas card and the other is a domestic UnionPay card. Overseas cards can be activated and used abroad.
Cosmic Constellation Credit Card is an exclusive credit card designed by ICBC for the twelve zodiac signs, referred to as "ICBC Constellation Card", and has two levels: gold card and simple platinum. A 3-day grace period service is provided for the repayment period of Constellation Card cardholders. As long as the cardholder repays within 3 days, it will be regarded as the cardholder repaying on time.
Is there any handling fee when using ICBC visa credit card overseas? How to calculate?
If the card you hold is a UnionPay single-currency credit card, or a dual-currency credit card with UnionPay and VISA (or MasterCard) dual logos, you will not be charged any handling fees if you use the UnionPay route to make purchases overseas.
Generally speaking, in the bills paid by cardholders for overseas card consumption, the card fee is mostly between 3 and 4, of which 1 to 1.5 is the international transaction fee charged by the international card organization to the card issuing bank. For example, VISA or MasterCard, etc., although they are charged to the bank, the fee is actually borne by the cardholder;
The other 1 to 2 are handled by each bank or exchange fee, most of which are charged by the bank. The handling fee for overseas credit card swiping of some banks is 1.5, such as China Construction Bank, Bank of China, China Merchants Bank, Industrial Bank, Guangfa, etc.; others, such as Guangda Bank, is 1.7, Shenzhen Development Bank and Bank of Communications are 1.75, etc.
Extended information
Case:
During the National Day holiday, Lao Zhang took his family on a trip to Europe. Because he usually likes to be careful with money, and it was his first time to go abroad. Although Lao Zhang's family spent a lot of money, he carefully saved the receipts and recorded them one by one, for fear that there would be any problems when using credit cards overseas. However, when he got the bill from the bank after returning to China, Lao Zhang discovered a problem.
It turned out that the amount of the bill due was dozens of dollars higher than what Lao Zhang had recorded. Lao Zhang took the calculator and calculated the exchange rates left and right, and found that they were inconsistent with his own records, so he had to call the bank's customer service hotline. After asking, Lao Zhang figured out that because the credit card he used was a U.S. dollar card, after paying in euros, it needed to be converted into U.S. dollars for settlement, and in the process, the bank had to charge a currency exchange fee of 1.5. "I didn't expect that besides the exchange rate, there would be other hidden charges when swiping a card. It's really enlightening." Lao Zhang said with some helplessness.
Analysis:
When traveling abroad, we are often told to use UnionPay channels as much as possible and avoid visa, MasterCard and other channels, because this will be more "cost-effective". In fact, the reason why domestic cardholders like to use UnionPay channels is because no matter where in the world they are, as long as they swipe their cards through UnionPay channels, the consumption amount will be directly converted into RMB according to the exchange rate and credited to the account, without incurring any exchange fees, and there will be no Increase card usage costs for cardholders. Otherwise, a certain foreign exchange fee may be incurred.
Foreign exchange fee, to be precise, should be the "international settlement fee". It refers to a currency intermediate fee charged by the international card organization to the card-issuing bank when the actual consumption currency is different from the credit card settlement currency. Conversion fee. For example, suppose you travel to Europe and bring a Visa RMB-USD dual-currency card.
Then the euros you consume need to be converted into U.S. dollars when they are entered into your account. In this process, foreign exchange fees are incurred. Usually, the card-issuing bank will charge this fee to the cardholder, and since this foreign exchange fee is not listed separately in the bill, many cardholders do not care. But if you calculate it based on the exchange rate of the day, you will find that the cost of this part is actually not much.
After checking with many credit card centers, we found that most card centers charge a fee of 1.5% of the transaction amount. ICBC and Agricultural Bank of China’s Visa cards have lower standards, charging 1% of the transaction amount. , and some banks charge a handling fee of 1.75.
It is worth noting that some banks will also charge a certain settlement fee when the transaction currency is the same as the credit card foreign currency account currency, such as the RMB-USD dual-currency card of Hua Xia Bank [3.12 Fund Research Report] , transactions through non-UnionPay lines will also be charged at the transaction amount of 1.1 in the US dollar area. Minsheng Bank [2.45 Fund Research Report] If the foreign currency account of the dual-currency card is the same as the local currency, the transaction amount will also be charged at 1.1.
ifeng.com--Are there any fees for using a credit card abroad?
Ifeng.com--Secrets that credit cards won’t tell you: Hidden currency conversion fees for overseas credit cards
Are ICBC credit card overseas cards and domestic cards integrated into one?
They are not integrated and will be distinguished when applying for credit.
The difference between overseas credit cards and domestic credit cards:
1. Used for consumption in different regions
Domestic cards are credit cards used in China, usually UnionPay cards, and overseas cards are used in Credit cards used abroad are all-currency cards. Whether it is U.S. dollars, euros, Japanese yen or Korean won, purchases abroad are recorded at the exchange rate of RMB, and all repayments can be made in RMB. However, overseas cards cannot be used in China. .
2. Different financial institutions issue them
"Domestic cards" refer to cards issued by domestic financial institutions, including RMB cards and foreign currency cards; "overseas cards" refer to cards issued by overseas financial institutions. cards, but does not include RMB cards issued by overseas financial institutions.
3. The limit amounts for cash withdrawals are different
The overseas cash withdrawal limit for domestic card withdrawals at bank counters and ATM withdrawals is combined, and the cumulative amount in one day must not exceed the equivalent of US$1,000. One The accumulated amount within a month shall not exceed the equivalent of US$5,000, and the accumulated amount within six months shall not exceed the equivalent of US$10,000.
For overseas cards, it is stipulated that RMB cash can be withdrawn in China; through ATMs, each transaction must not exceed RMB 3,000. Overseas cards can be used to withdraw foreign currency cash at the business counters of domestic financial institutions in China, but they are not allowed to do so at ATMs.
How to ensure safety when paying overseas without a card using ICBC credit card?
You can turn off the "Credit Card No Payment" function. Many banks support turning on or off the "Credit Card No Payment" function at will.
1. Banks that support the "Cardless Payment with Credit Card" function
1. ICBC: Automatic activation of card issuance, controllable online banking, and switch at will;
2 , China Construction Bank: Opening online banking means opening domestic and overseas online payments, and you must log out of online banking to cancel;
3. China Merchants Bank: Automatically activate after card issuance, online banking can be set to enter a password, but some websites can bypass it, and can only be done by phone The customer service is closed and permanently
closed and cannot be reopened;
4. Bank of Communications: The card is automatically opened and cannot be closed. You can enter the password in the online banking settings;
5. Pudong Development Bank: Card issuance is automatically activated and can only be closed by telephone customer service;
6. Xingye: Card issuance is automatically activated, online banking is controllable, and the switch can be switched at will.
Extended information:
When using a credit card for overseas cardless payment, please pay attention to the following points
1. Special card only, opened for "Haitao Card" SMS reminder function;
2. Keep the card close to your eyes to prevent the leakage of credit card information;
3. Remember the credit card CVV security code and then overwrite it;
4 , turn off the "overseas card-free payment" function of the credit card or adjust the credit limit to 0 yuan after shopping overseas;
5. Once the credit card is stolen, contact the card issuer immediately to freeze it and apply to the card issuer for rejection Pay and finally report the case to the public security organ.
If you can control the transaction switch when paying without a card overseas, remember to turn it off after completing the payment. This can ensure payment security and prevent credit card theft.
Reference material: Baidu Encyclopedia-Credit Card
This is the end of the introduction about ICBC Credit Card Overseas Card and whether ICBC Credit Card Overseas Card can be used in China. I don’t know if you can find it from it. Need the information?