Yes. The annual fee for the main card of ICBC Zodiac Credit Card is RMB 200, and the annual fee for the supplementary card is RMB 100. If you make 5 transactions or RMB 5,000 (equivalent in foreign currency) with the card within a year, the annual fee for the current year will be reduced. The ICBC Zodiac Credit Card is a credit card with oracle elements created and designed by Professor Chen Nan, an expert from Tsinghua University’s Ancient Character Art Research Center and a doctoral supervisor at Tsinghua University. It has 12 zodiac totems.
Extended information:
Credit cards are divided into credit cards and quasi-credit cards. A credit card means that the cardholder has a certain credit limit and can consume within the credit limit. A credit card that is repaid later; a quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient to pay, the quasi-credit card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.
Clear funds: The merchant who submits the payment slip will submit the payment slip or cash withdrawal slip signed by the cardholder to the acquiring bank, and the bank will settle the payment with the acquiring bank to recover the advanced funds.
The acquiring bank deducts a certain handling fee when making payment to the special merchant, and the acquiring bank makes a payment request to the card issuing bank. This process is accomplished by transmitting the charge file to the card issuing bank.
Payment If the card issuing bank has no objection to the transaction, it will pay the acquiring bank and share the business handling fee with the acquiring bank through withholding. Otherwise, it will enter the stage of chargeback or repayment, and it may even end up being submitted to a higher-level organization for adjudication.
The cardholder pays the card issuer to issue a statement, that is, a payment notice, to the cardholder at the end of each month or on an agreed date. The cardholder pays the card issuer the corresponding payment if he has no doubts about the transactions on the statement. of payment.
Closing your card account is something you must do if you no longer intend to use your credit card. If you do not cancel your account, the bank will charge the annual credit card fee annually.
As long as there is no overdraft on the card, you can apply for account cancellation at any time.
If the card has not expired, you need to apply first and go to the bank to cancel the account after a certain number of days; if the card has expired and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. Account procedures. When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.
If your card has not expired when canceling a credit card account, some banks stipulate that you need to go to a designated outlet to handle the card collection business, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days) . This is mainly because if the cardholder has made a manual card pressing transaction before canceling the account, the cardholder will have canceled the account before the merchant has submitted the card pressing form to the bank for entry into the account, and the bank will not be able to clear the account normally. ; On the other hand, if the cardholder spends money or withdraws cash overseas, it may take a few days to settle the account. If the account is closed immediately, it will also affect the bank's normal liquidation.