The ICBC credit card points are the most cost-effective when redeemed for goodies.

As we all know, most banks accumulate points at a ratio of 1:1 for RMB consumption and 1:7 for US dollars. The specific credit card points rules of the issuing bank shall prevail. Cardholders will receive certain points after using their credit cards to make purchases at designated merchants of the bank. When the points reach a certain amount, the cardholder can exchange the points into various gift cards of their choice in the points mall of the card issuer.

The following is an introduction:

Statistics show that converting the value of the exchanged goods into products worth 1 yuan, ICBC needs to spend 365 yuan, Minsheng 402 yuan, Bank of China 472 yuan, and Guangfa 478 yuan. yuan, Ping An 504 yuan, Bank of Communications 534 yuan, China Merchants Bank 550 yuan, China Construction Bank 630 yuan, Postal Savings Bank 638 yuan, Agricultural Bank of China 712 yuan, Huaxia 799 yuan, Industrial Bank 825 yuan, CITIC 964 yuan, Pudong Development Bank 1213 yuan, Everbright 2199 yuan.

Since credit card points are generally used to redeem gifts, it is very important which bank can provide a wide variety of gifts to choose from. It is understood that if the value of high-end commodities is set above 4,000 yuan, except for the five major state-owned banks, ICBC, Bank of China, Agricultural Bank of China, China Construction Bank and Bank of Communications, joint-stock banks will basically not be able to exchange high-end commodities.

According to the above introduction, it can be seen that ICBC’s credit card point redemption is the most cost-effective.