Why are there two ICBC credit cards when the ICBC credit card application is approved?

There are two ICBC credit cards, indicating that the user has applied for a set of cards. For example, ICBC’s Endeavor Credit Card adopts the “11” card application method. After successful application, two credit cards will be issued, divided into UnionPay and MasterCard. This kind of credit card cannot be applied for supplementary cards, but the two credit cards remain independent when used. .

Users get two credit cards and can selectively activate them according to their usage. For example, when they only use the credit card domestically, they can only activate the UnionPay card, and they can choose not to activate the other one. No fees will be incurred when the credit card is not activated. It will become invalid after the expiration date, and users can also choose to cancel.

ICBC’s Qianfeng Credit Card has three levels: regular card, gold card, and platinum card. This card adopts the “11” card application method. Each level has two card organizations, UnionPay and MasterCard. ICBC’s Struggle Credit Card cannot apply for supplementary cards, but you can get UnionPay and MasterCard cards upon application.

If the user activates two credit cards, the limits of the two credit cards are shared when using them. Generally, the shared limit is calculated based on the card with the highest limit. For example, if one of the two credit cards has a limit of 5,000 yuan and the other has a limit of 7,000 yuan, the maximum amount that can be spent on the two credit cards is 7,000 yuan.

Users must repay on time after using credit cards to make purchases, and avoid overdue repayments. If an individual is unable to repay the debt on time, he or she can borrow money from a friend to repay the debt. If the personal funds are relatively sufficient, it can be repaid to the friend. However, one cannot borrow money frequently to repay the credit card debt.

This is the case for me

What should I do if I get two credit cards from ICBC? 90% of people don’t know.

Many cardholders will encounter this situation when applying for ICBC credit cards. They obviously only applied for one but were sent two, and both were exactly the same. , I don’t know what’s going on, and what are the differences in the usage of these two cards. Let me introduce them to you below.

What should I do if I am given two ICBC credit cards?

Although ICBC gave me two credit cards, and they were exactly the same, there were still differences if you looked carefully. The main reason was that the card organization was different. One was from UnionPay and the other was from MasterCard. As for why this is the case, it is because ICBC adopts an 11-card application model for this credit card, with the purpose of meeting your domestic and overseas consumption needs.

After all, the uses of the two credit cards are different. The UnionPay card mainly allows you to consume domestically, whether it is swiping POS machines or shopping online; while the MasterCard card has a limited range of domestic use and can only be used for domestic purchases. By swiping the POS machine with the VISA logo, consumption abroad is relatively smooth, and you can also enjoy cashback discounts.

But it should be noted that although ICBC has given two cards, the accounts of the two cards are linked, and the quotas are shared. That is, the RMB account and the account share the same quota, so you Don’t think that giving two cards will increase your credit limit. In addition, if you have another ICBC credit card in your name, you will also enjoy a limit.

In addition, although the quota is unlimited, the annual fees of the two cards are calculated separately. The specific annual fees vary according to the card level. However, UnionPay cards can generally reduce the annual fee based on the number of card swipes, while MasterCard usually waives the annual fee within the validity period.

In short, ICBC credit card adopts the 11-card application model, so you will be issued two UnionPay MasterCard single-logo cards once you apply. If you only have domestic consumption needs, you can only activate your UnionPay card. You can choose to keep your MasterCard card well and activate it again when you go abroad.

Why are there two Industrial and Commercial Bank of China Credit Card Endeavor Cards?

This is because: after the ICBC Endeavor Card is successfully applied for, the cards will be issued simultaneously with one UnionPay card and one MasterCard card. UnionPay Single-logo cards are generally used in RMB within the country, while foreign single-logo cards are used overseas. The Endeavor Card does not charge an annual fee during its validity period.

ICBC adopts the "11" card application model, which is to simultaneously apply for MasterCard single-logo multi-currency cards (magnetic stripe EMV contactless chip cards). The multi-currency is mainly to meet settlement needs, such as overseas consumption. wait).

The UnionPay logo on the lower right is a domestic card.

The mastercard mark on the lower right is an overseas card. There is no annual fee for overseas cards as long as they are not activated.

Extended information:

ICBC credit card officially cancels the full penalty interest requirement:

ICBC’s newly revised "ICBC Peony Credit Card Articles" clearly states : "The cardholder can repay according to the minimum repayment amount indicated on the statement. If the repayment is made according to the minimum repayment amount, the card issuer will only charge the unpaid portion of the overdraft from the bank accounting date to the repayment date. Interest. ”

With the Peony credit card, there is no need to deposit a reserve fund. The cardholder can consume first and repay later within the credit limit given by the bank. There is also an interest-free repayment period. Cardholders can enjoy an interest-free repayment period of a minimum of 25 days and a maximum of 56 days from the date of consumption.