Peony credit card is a credit card issued by Industrial and Commercial Bank of China.

Banks grant cardholders a certain credit limit, and users consume within the credit limit and then repay. After overdraft, you can enjoy the interest-free period and grace period for repayment. However, there is no interest on credit card deposits, and there is a handling fee when withdrawing cash. If the card holder is unable to repay on the repayment date, he or she can apply for installment repayment and the minimum repayment amount. Although there will be interest and late payment fees, overdue payments can be avoided.

The Peony credit card can only be used within the territory of the People's Republic of China. It is settled in RMB and has the functions of credit consumption, transfer settlement, cash deposit and withdrawal, etc.