Industrial and commercial credit cards cannot be used to pay for cigarettes.

Yes. The closure of tobacco withholding transactions on industrial and commercial credit cards, which has attracted market attention, does not mean that individuals cannot use their credit cards to buy cigarettes, but it restricts the operating behavior of relevant merchants. This measure is to return the credit card business to its positioning of serving personal retail consumption.

What is the transaction limit for cigarettes and cigar stores with Bank of China credit cards?

According to regulatory regulations, credit card transactions at cigarette and cigar specialty stores (specialized retail of food, beverages, and tobacco products) are restricted. Therefore, the credit card may not be successfully swiped. If you use a deposit transaction, the transaction will not be successful. We apologize for the inconvenience caused to you.

The above content is for your reference, please refer to actual business regulations.

Can I buy cigarettes with Liqun Card?

Yes. Bank of Communications Liqun Credit Card is a credit card jointly designed by Bank of Communications and Liqun Group Co., Ltd. and tailored for fashionable consumers in Shandong. The card can be used in Liqun Group's stores, supermarkets, pharmacies, etc. Cardholders can enjoy various promotions with exclusive points for Liqun members.

Why the use of credit cards to pay for cigarettes has been discontinued

The upgrade of credit card control came faster than expected. No, one after another, many banks have announced that they will further regulate the use of overdraft funds and close transactions in some areas.

Recently, many banks including the Agricultural Bank of China have announced that in order to strengthen business compliance management, they will control non-consumer transactions. In this regard, people in the credit card industry who are familiar with the situation explained to the Shanghai Securities News reporter that these measures are to return the credit card business to the positioning of serving personal retail consumption. The closure of credit card tobacco withholding transactions, which has attracted market attention, does not mean that individuals cannot use their credit cards to buy cigarettes, but it restricts the business activities of relevant merchants.

Credit cards are an important pillar of bank retail business. In recent years, the number of cards issued and transaction volume of various banks have continued to grow. However, along with this, problems such as the high number of complaints from cardholders have appeared frequently, and regulatory authorities have stepped up their investigation and punishment of credit card violations.

Which credit cards can be used to order cigarettes

Agricultural Bank of China credit card. Agricultural Bank of China has cooperation with tobacco companies, and you can order cigarettes with Agricultural Bank of China credit card. You can consult and apply at the local Agricultural Bank of China branch. If you provide better financial proof, the limit will be higher and it will be easier to apply for the card.

That’s it for the introduction to buying cigarettes with a credit card.