Do I need a peony transportation card for my Beijing driver's license?
No need.
According to the circular issued by the State Administration of Market Supervision on June 27th, Beijing Traffic Management Bureau will rectify the relevant regulations and practices in the management of traffic fines: drivers will no longer be forced to use peony traffic cards, self-service terminals will be upgraded as soon as possible, and collecting banks will be actively expanded.
Is peony card a debit card or a credit card?
Peony card with driver's license is a credit card, and bank cards issued by ICBC are collectively referred to as peony cards. In addition, you can't apply for a credit card with a driver's license. You need an ID card to apply.
Peony credit card is a quasi-credit card that cardholders can overdraw within the prescribed credit limit. This credit limit is uniformly stipulated, with gold card 10000 yuan and ordinary card 5000 yuan. If you spend or withdraw cash or transfer funds within the credit line, overdraft interest will be charged from the date of bank record. The deposit in Peony Credit Card is calculated according to the deposit interest rate and interest-bearing method.
Can Peony Transportation Card be used as a savings card?
Traffic card policies are different in different regions. Please call 95588 for details.
Take the Peony Traffic Card of Beijing Branch as an example. This card is a new credit card product issued by our Beijing Branch in conjunction with the Public Security Traffic Management Bureau of Beijing Public Security Bureau. The chip in the card records the customer's driving information and fine payment information. The card has the function of paying traffic violation fines and the financial function of ICBC credit card.