Banks such as Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, China Guangfa Bank, and Bank of China have all issued this card. The functions are similar, but the discounts are different.
Take the Agricultural Bank of China ETC credit card as an example. The Agricultural Bank of China ETC car owner credit card can realize electronic payment at MTC parking channels and ETC non-parking channels on highways in connected provinces and cities across the country. This card adopts the "pass first, pay later" method. The toll is automatically deducted from the Agricultural Bank of China ETC credit card, and there is no need to deposit cash in advance. Holders of the Agricultural Bank of China ETC credit card can enjoy an exclusive discount of up to 10% off on highway tolls when traveling on highways in provinces and cities that have achieved national network connectivity.
No recharge is required for Bank of China’s ETC, and OBU equipment is provided free of charge. As long as the user holds a Bank of China ETC credit card, the tolls will be directly deducted from the credit card, and they can enjoy interest-free for up to 50 days, and a special discount of as low as 10% on highway tolls.
Extended information:
As of October 2018, the ETC usage rate in most provinces in China is less than half, and some provinces are less than 30%. The application procedures are cumbersome, there are few usable scenarios, and car owners lack motivation to handle ETC business, resulting in low ETC coverage. Experts suggest increasing ETC usage by enriching usage scenarios and improving convenience. ?
As of 15:00 on June 5, 2019, 29 provinces, autonomous regions and municipalities including Hebei, Guangxi, and Anhui have studied and drafted plans for the promotion and distribution of the ETC electronic non-stop toll collection system. Two provinces, Hainan and Tibet, are in the process of Being drafted means that the promotion and application of ETC is moving towards full coverage.
Baidu Encyclopedia-ETC Credit Card