Peony quasi-credit cards include magnetic stripe credit cards and single chip credit cards.

ICBC Peony quasi-credit card is a credit card product issued by ICBC, which has the functions of transfer settlement, cash deposit and withdrawal, consumption payment and so on.

Peony quasi-credit card can be overdrawn within the credit limit, but there is no interest-free period for overdraft. From the date of bank overdraft, simple interest will be charged at the daily interest rate of 0.05%, and the overdraft period is 60 days. The deposit in the account bears interest at the deposit rate.