Do you know the advantages and disadvantages of ICBC credit cards? If you don’t know, why don’t you come in and take a look!

At present, the number of credit cards issued by the four major state-owned banks, Bank of China, Agricultural Bank of China, ICBC and China Construction Bank, has exceeded 100 million. Many cardholders have credit cards from these banks. As the bank with the largest number of card issuances, ICBC credit cards are highly sought after by many cardholders. But have you ever carefully analyzed the advantages and disadvantages of ICBC credit cards? Let me tell you about them below. Let’s analyze the advantages and disadvantages of ICBC credit cards!

ICBC credit card has the following advantages:

1. It is easy to apply for the card. As long as there is no problem with your credit record and the credit report is not too messy, it is not difficult to get a card with a limit of several thousand by brushing the stars.

2. Low installment rates. The annual installment rate for long-term installments is within 4%. Except for some banks, which can be lower than this rate when doing activities, the installment rates of other banks are at least twice that of ICBC.

3. There is no handling fee for cash withdrawal. When withdrawing cash from the local ICBC, no matter whether it is an excess deposit or the credit card limit, there is no handling fee. Although I do not recommend that you withdraw cash, under special circumstances, ICBC credit card withdrawals can waive the handling fee.

But the shortcomings of ICBC are also obvious:

1. It is difficult to raise the quota. It is quite easy for wealthy people to raise the amount. They can raise the amount to 200,000, 500,000, or 1 million in a short period of time, as long as they have assets. However, for most cardholders, there is almost no hope of increasing the credit limit. Those techniques for increasing the limit by using the card do not apply to ICBC. Unless ICBC takes the initiative to increase the credit limit generally, the low limit can be increased by one liter. If you want to exceed 50,000 100,000 is difficult. This year, many cardholders in some areas were able to raise their quotas through tax payment and provident fund, but now they are closed again, and some cardholders' quotas have been reduced again. It is uncertain whether ICBC will open similar channels for raising their limits in the future.

2. Few activities. ICBC has basically no activities. Unlike other banks, which often offer shopping discounts, cash rebates and other preferential activities, there are fewer types of merchants that can earn ICBC points than other banks. Only certain merchants with rates of 0.78 and 1.25 in the past have points.

The above is my analysis of the advantages and disadvantages of ICBC credit cards.

Is the ICBC credit card easy to use?

ICBC credit card is very easy to use. If it is a regular card (regular card/gold card), you only need to make purchases 5 times a year and the annual fee will be waived.

But if you are using a card for the first time, you must first understand the credit card repayment matters. Otherwise, late payment fees may easily occur, which will not only make you spend more money but also affect your credit. (Shizuka said Card A)

As long as you take some time to understand it clearly, credit cards are definitely a good thing. [img]

Is ICBC credit card good?

Okay.

ICBC credit card has the following advantages: ICBC credit card is the most popular credit card in my country. It can enjoy an interest-free period of up to 56 days, and local withdrawals are free of cash and handling fees. In addition, ICBC has many business outlets, and you can make cash withdrawals at any bank in China. It also supports VISA, MasterCard and American Express Bank organizations, and also supports POS machines at any store for credit card consumption services.

1. ICBC credit card withdrawals are equivalent to debit cards and savings cards, and no additional handling fee will be charged for the amount of cash withdrawal

2. ICBC credit cards have issuers across the country, and It is easy to apply and the card is issued quickly. You can apply online and you can open the card immediately after re-signing when you get the card. Normally it takes no more than 2 weeks from sending the email to getting the card.

3. All domestic transactions will be accounted for in real time, and points can be checked in real time, which is highly efficient.

4. If there is no overdraft in the account, cash withdrawals are interest-free. And you can withdraw it the same day you transfer it in, which is convenient and fast.

ICBC credit cards are the credit cards with the highest circulation in China. The main types of ICBC credit cards include: Peony International Credit Card, Peony Credit Card, and Peony Credit Card; according to the brand of ICBC credit cards, they are divided into: Peony Visa Card, Peony MasterCard and Peony Express Card; according to credit level, they are divided into: Platinum Card, Gold Card and Ordinary Card; according to the issuing objects, they are divided into business cards and personal cards, of which personal cards are divided into primary cards and supplementary cards.

The application conditions for ICBC credit cards are:

1. To apply for an ICBC credit card, you must be over 18 years old.

2. To apply for an ICBC credit card, you need to have a stable job and a legal source of income.

3. If the applicant has a high position, high education, high income, and a good company, the approval rate of applying for an ICBC credit card can be greatly improved.

4. Applying for an ICBC credit card also requires a certain financial foundation.

5. If you want to apply for a credit card with a higher ICBC credit card rating, the applicant needs to provide the bank with certain financial proof, such as stocks and securities, a real estate certificate with the applicant’s name on it, a car driving license, a bank card, etc. Certificate of deposit, etc.

6. To apply for an ICBC credit card, you must be a natural person with full capacity for civil conduct.

7. There is another necessary condition, the applicant needs to have a good personal credit report, because ICBC relatively values ??the cardholder’s personal credit report.

That’s it for the introduction of ICBC credit card.