If the ICBC credit card is not repaid within one year, it will be frozen forever.

Relevant regulations of ICBC credit cards:

1. Ensure the non-repudiation of transaction behavior and business. When disputes arise between two parties in an online transaction, especially disputes related to payment and settlement, the system can ensure non-repudiation of the relevant behavior or business. The online payment system must generate or provide sufficient evidence during the transaction process to quickly identify the right and wrong in the dispute, which can be achieved by using technologies such as digital signatures.

2. Handle multilateral payment issues in online trade business. Payment settlement involves multiple parties such as customers, merchants, and banks. The purchased purchase information and payment instruction information must be connected together, because merchants will only continue transactions after confirming certain payment information, and banks will only provide payment after confirming payment. .

In order to ensure security, merchants cannot read customers' payment instructions, and banks cannot read merchants' purchase information. This multilateral payment relationship can be realized by using technologies such as double digital signatures provided by the system.

3. Improve payment efficiency. The procedures and processes of online payment are not complicated and the payment efficiency is very high.

4. Handle the collection and payment of funds arising from the temporary business activities of temporary institutions and depositors. Cash withdrawals from temporary deposit accounts should be handled in accordance with national cash management regulations. The scope of opening a temporary deposit account: establishment of temporary institutions, temporary business activities in other places, registration and capital verification.

5. The depositor’s collection and payment of funds for daily business activities and the withdrawal of wages, bonuses and cash should be handled through this account. General deposit accounts are used to handle the transfer of depositors' loans, loan repayments and other settlements of funds. This account can handle cash deposits, but cannot handle cash withdrawals.

Therefore, if the ICBC credit card is not repaid within one year, it will be frozen forever.

Extended information:

Function of ICBC credit card:

1. Spend first and repay later, enjoy interest-free payment period (up to 56 days) ), and has a minimum repayment amount, and customers can repay in installments if they are overdrafted. Customers need to pay a certain amount of annual fees to the bank they apply for.

2. A prepaid wallet debit card that transfers funds to the card for storage according to the cardholder's requirements and deducts money directly from the card during transactions. .

3. The cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, it is a credit card that can be overdrafted within the credit limit specified by the card-issuing bank.

4. A single-currency, single-account credit card that bears interest on deposits and settles purchases in RMB. It has functions such as transfer settlement, cash deposits and withdrawals, credit consumption, and online banking transactions. When the account balance is insufficient for payment by swiping the card for consumption or cash withdrawal, the cardholder can overdraft consumption or cash withdrawal within the prescribed limited credit limit, and a certain amount of interest will be charged. There is no interest-free repayment period.

Baidu Encyclopedia-Industrial and Commercial Bank of China

Baidu Encyclopedia-Credit Card

Industrial and Commercial Bank of China Official Website-Credit Card Articles