Overview of ICBC Credit Cards in Malaysia
Your ultimate travel companion to China and the rest of the world, an ICBC credit card will give you instant acceptance and access to payment convenience, travel benefits, worldwide recognition and local benefits.
Compare ICBC credit cards
All ICBC cards are reward credit cards - cards that allow you to collect reward points for your expenditure. The ICBC Bonus Points are evergreen, which means that they have no expiry date. You can redeem your Bonus Points at a conversion of 150BP to RM1. To illustrate, 1BP is earned for every RM1 spend on ICBC Visa card and for every RMB2 spend on ICBC UnionPay Dual Currency credit card.
All ICBC cards also charge among the lowest interest rates on retail, between 13.5% p.a. to 17.5%. That’s not all, ICBC cards are free for first year. This annual fee waiver will also be given from the second year onwards when you meet the minimum spending requirement.
However, only ICBC UnionPay Dual Currency Platinum credit card has the advantage of Premier Airport Lounge Service at selected airport lounges in China. You will have the privileges to access flight and boarding information, internet and TV, newspapers and magazines, and enjoy complimentary food and beverages.
ICBC UnionPay Dual Currency Credit Cards
Not only does ICBC have the largest service coverage and network in mainland China, but UnionPay does too! Now you can travel to the land of the dragon (cashless) with an ICBC UnionPay Dual Currency credit card.
You have 3 options to choose from: the Classic, Gold or Platinum. The ICBC UnionPay Dual Currency credit card provides you the convenience of dual currency card payment, which includes Renminbi (RMB/CNY) and Ringgit Malaysia (MYR); shared credit limit; and ease of mind in exchange charge.
So, whenever you are in China, rest assured that all your payments will be settled in CNY. Any spending with ICBC Union Pay credit card Malaysia made outside of China will be settled in MYR.
ICBC Visa Credit Cards
ICBC Visa credit cards, on the other hand, have an international presence with local benefits. You can use ICBC Visa Classic, ICBC Visa Gold and ICBC Visa Platinum in Malaysia, China and everywhere around the world.
ICBC Credit Card Repayment Method
Visa or UnionPay, you have multiple channels to make your credit card repayment such as:
- Standing Instruction via your ICBC Current or Savings Account
- ICBC Internet Banking
- Cheque payment in Ringgit Malaysia only
- Cash payment in Ringgit Malaysia only
- Interbank GIRO (IBG) at participating banks
ICBC credit card contact centre
Worrying over a lost or stolen credit card? Quickly dial ICBC 24-hour Customer Service Hotline at 1800 18 5588 (Domestic) or +603 2788 1600 (Overseas) to report and block your credit card activity.
This same hotline numbers are also available for you to enquire and complain about your experience with ICBC credit cards.
Am I eligible to apply for ICBC credit card Malaysia?
Applying for an ICBC credit card online is easy and you can do it here on Ringgitplus. Make sure you have reached the minimum age and income required.
In general, you must be at least 21 years old and earn a minimum income of RM24,000 annually. For supplementary cardholders, as long as you are 18 years old, you can get an ICBC supplementary credit card.
Now, you need to prepare some documents to support your credit card application:
- Copy of Identity Card (front and back) or Passport
- A copy of Chinese Citizen ID (front and back)
- A copy of working permit
For salaried employees, please prepare:
- Latest 3-months salary slips / EA form / EPF statement
For the self-employed, please prepare:
- A copy of Business Registration Certificate
- Form BE or B, with tax payment receipt
- Latest 6-month company bank statements