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ICBC UnionPay Dual Currency Credit Card Review

Enjoy up to 8% cashback as you spend. Plus, free access to lounges at airports and high-speed train stations.

If you regularly travel to Mainland China, the ICBC UnionPay Dual Currency Credit Card could be a good option for you. In addition to earning cash rebates as you spend, you can take advantage of free access to train and airport lounges worldwide.

Read on to find out what you need to know about the ICBC UnionPay Dual Currency Credit Card.

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 UnionPay Dual Currency Credit Card

  • Cash rebates. You can get up to 8% in cashback as you spend in your first three months. Be aware that the cashback you can earn is staggered, and also depends on you continuing to meet or exceed the minimum spending requirements. The cashback limit equates to S$50 (month one), S$60 (month two) or S$80 (month three). There’s a standard rate of 0.5% for qualifying spend of up to S$500.
  • Free lounge access. Cardholders can enjoy up to 12 visits to VIP lounges in high-speed train stations, or six airports across the globe. You gain entry by using one or more of your 12 DragonPass points annually. These will be further deducted if you want to bring guests with you.
  • Low fees on foreign currency transactions. If you spend on your card while you’re overseas, there’s a typically charge of 2.5% on the transaction amount. Charges on currency exchanges are waived when you use this card in Mainland China.

Make sure you read and understand all the fees and charges with this credit card. These can be found on ICBC’s website. For example, there’s a S$100 liability fee if your card gets lost or stolen.

Features of the ICBC UnionPay Dual Currency Credit Card

  • Contactless payments. Point Of Sale (POS) terminals with the UnionPay logo accept your UnionPay card, allowing fast and secure payments for purchases of S$100 or below.
  • UnionPay Privileges. Being a part of the global network gives extra benefits, such as complimentary hotel upgrades and discounts at more than 100 airports worldwide.
  • Annual fee. This card has a fee of up to S$150 a year; however, you can take advantage of a three-year waiver.

How to apply for the ICBC UnionPay Dual Currency Credit Card

To begin your application for this credit card, visit ICBC’s website. Before you apply, make sure that you meet the eligibility criteria and have the correct documents close to hand.

Eligibility Criteria

  • You must be aged 21 or above
  • There’s a minimum annual income of S$30,000
  • Supplementary cardholders must be aged 18 years or above and must be family members

Required documents

The documents you may be asked for to complete your application include:

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