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ICBC Koipy Dual Currency Credit Card Review

Spend with convenience in Singapore and Mainland China. Get 3% cashback on all spending. Plus, enjoy a three year annual fee waiver.

If you like to make regular trips between Singapore and Mainland China, the ICBC Kiopy Dual Currency Credit Card could be a great choice for you. In addition to earning 3% cashback as you spend – both locally and in China – you can take advantage of low fee ATM withdrawals, and a host of discounts and privileges.

Read on to find out the key features of the ICBC Kiopy Dual Currency Credit Card, including its eligibility requirements.

Finder does not currently have access to this credit card provider. Please review the product details, application criteria and terms and conditions on the provider website if you are considering applying for this product.

Benefits of using the ICBC Koipy Dual Currency Credit Card

  • Cash rebates. Earn 3% cashback on your spending if you charge at least $1,000 each month to your credit card (otherwise the rate drops to 1%). You can earn as much as S$60 per month.
  • Low fees for overseas spending. This provider won’t charge an administrative fee for transaction made in RMB. Plus, cash withdrawal fees are competitive at ICBC’s wide network of ATMs across Mainland China. All card payments you make in Mainland China are charged directly in RMB, but you can also choose to pay in Singaporean dollars.
  • Discounts and privileges. Enjoy a range of offers from dozens of ICBC-Koipy selected merchants in Singapore. For example get 12% discounts on dining at restaurants including Manchu Restaurant Chinatown and Chuan Garden Restaurant, among others.

Pros and cons


  • There’s no annual fee to pay for three years – afterwards it’s up to S$150 for the primary credit card
  • Cashback is earned on spending in all categories. Plus, transactions made overseas are also eligible for the rebates
  • Competitive monthly cashback limit of S$60
  • Customer service support is available 24/7


  • UnionPay cards aren’t accepted everywhere in Singapore
  • Fewer member’s perks than other credit cards on the market

How to apply for the ICBC Koipy Dual Currency Credit Card

You can apply for a ICBC Koipy Dual Currency Credit Card through the ICBC website. Make sure to have the documents to support your application ready to go before applying, and that you meet the eligibility criteria.

Eligibility criteria

For the Platinum Credit Card, you must:

  • Be aged 21 years or above, and
  • Have a minimum annual income of S$30,000

Any supplementary applicants must be aged 18 years and above, and typically needs to be a member of your family.

If you’re a student applying for the Gold Credit Card, you must:

  • Be aged 21 years or above, and
  • Be a student from the following institutions: NUS, NTU, SMU

Required documents

Typically you need the following ID documents when you apply for a credit card with ICBC:

Singaporen Citizens and Permanent Residents (PRs)

  • NRIC (Front and Back)


  • Passport
  • One from the following: Valid Pass, i.e. Employment Pass, S Pass, Work Permit, Dependent’s Pass or Long Term Visit Pass (Valid for at least 6 months)

Additionally, you must show proof of income and proof of address:

For salaried employees

  • Latest 3 months’ computerised/electronic payslips; or
  • Latest 12 months’ CPF contribution statement; or
  • Latest IRAS Notice of Assessment and
  • Latest month electronic payslip

For commission-based employees/self-employed

  • Latest 12 months’ CPF contribution statement; or
  • Latest 2 years’ Income Tax Notice of

For Singaporean Citizens and Permanent Residents

  • If your billing address differs from the address on your NRIC, please provide a Proof of Address i.e. Latest bank statement, telephone or utility bill.
  • The address on Proof of Address must match the billing address in the application

For foreigners

  • Submit a Proof of Address i.e. Latest bank statement, telephone or utility bill.

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