ICBC Introduces New 1.5% Local/3.0% Overseas Rebate MasterCard

[vddgnd]

Yes, they expire by end of this year. I have used 3 pts and 3 more left.

Can bring guests and count in this pts? Or guest not counted but need to pay if bring guest?

 

[bin8lee]

Yes, can bring guests and count in this pts

 

[Sambuca78]

Applied for the card on 23 Aug 2019 and received it on 14 Oct 2019, really very slowwww...

What do we need to do to activate the card? What is the best way to pay its bill? Thanks.

 

[addict951]

Applied for the card on 23 Aug 2019 and received it on 14 Oct 2019, really very slowwww...

What do we need to do to activate the card? What is the best way to pay its bill? Thanks.

If no need, dun use
they tempt me wif $10 capitavoucher if swiped $200

I got in June and still in drawer today
I waited 2.5 months siol
that time i remember in mid-Apr cos this kard gave 20% back for simplygo
last week of june riao the kard then come 20% back promo also over riao

 

[vegavega25]

A colleague of mine who has this card was hit with a large fraudulent transaction done overseas in a country she has never travelled to, while she was in Singapore. Called the bank within minutes (thankfully) of the SMS alert about the transaction and got the card blocked. ICBC credited her card account with the amount about 3 weeks later, so she was not liable to pay it. The matter however is still under investigation.

- 3 months have passed and her credit limit is still blocked by the amount of the fraudulent transaction, basically making the card useless.

- The bank has since rejected her applications for a permanent credit limit increase and also for a temporary credit limit increase.

AND NOW GET THIS:

- A month after her card was blocked, a fraudulent transaction was made again using the OLD (apparently blocked) card number overseas, and the transaction posted to her account!! (Albeit, she didn't have to pay it, but the credit limit remains blocked for this additional amount also)

Is ICBC from the stone ages or what?

 

[Sausage]

My card number was changed and cancelled but if I charge to the old number it still works and gets charged to the new number

Sent from Xiaomi REDMI 7 using GAGT

 

[hwmook]

My card number was changed and cancelled but if I charge to the old number it still works and gets charged to the new number

Sent from Xiaomi REDMI 7 using GAGT

My BOC credit card also got the same issue. I lost my card half a year back and called to cancel and replace the card. The old card number still show up in my internet banking, transactions made using the new card also appear under the old card number and the best part my GIRO link to the old credit card number still work. China banks are all from the stone age, that's why wechat and alipay thrive.

 

[dreamycrunch]

For bill payment, just need to pay the balance after cashback credited right?

 

[assiak71]

For bill payment, just need to pay the balance after cashback credited right?

Yes i just did that

 

[starbury]

Hi folks, anyone has compared this card with Revolut's free card? Which is superior in terms of features and FX rate?

 

[259850]

Hi folks, anyone has compared this card with Revolut's free card? Which is superior in terms of features and FX rate?

I was curious too. To test it out, on 17/10, I paid EUR3 online within minutes of each other to the same merchant on the two cards. Revolut converted it to S$4.56. ICBC converted it to s$4.67.

I'm sure there's some rounding up and perhaps a small difference in between Visa and MC exchange rates, but it seems that ICBC charges a 2.4-2.5% higher spread than Revolut (not surprising, given ICBC's 2.5% FX fee as per T&C).

But remember, ICBC rebates you 3% on FX spend, so on surface, you are 0.5-0.6% better off using ICBC.

However, your decision may be different depending on whether you get any rebates or miles from the card you used to fund your Revolut account. If it is more than 0.5-0.6%, then you may want to consider using Revolut.

 

[demoforce1]

icbc foreign transaction fee

anyone know if icbc foreign transaction fee still 2.5%?

I found this pdf file but backdated on 2017 Jun
http://v.icbc.com.cn/userfiles/Resources/ICBC/haiwai/Singapore/download/2017/fee_schedule_201706.pdf

 

[rerear]

Is this still needing to wait 3 months after applying?

 

[cryn79]

Is this still needing to wait 3 months after applying?

If still need to wait for 3 mths for the card.
I would suggest to apply for youtrip,revoult, RHB travel FX.

If you need RHB travel FX referral code, u can PM me.

 

[silverbomb]

Is this still needing to wait 3 months after applying?

7-12 weeks based on most feedbacks gathered here.

 

[blueboat]

For 2020, will there be a new set of 6 dragon pass points?

 

[dreamycrunch]

Is the cashback credited yet? When do ICBC usually credit the cashback?

 

[wsumthai]

Can I ask if anyone is being charged 3 RMB for the 6 dragon pass points?

 

[crystalnox]

Can I ask if anyone is being charged 3 RMB for the 6 dragon pass points?

Yes that is normal.

 

[wsumthai]

Yes that is normal.

I see. Thanks for the confirmation.