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ICBC VISA Dual Currrency Credit Card Review

Get up to 8% cashback on Visa purchases with this credit card.

If you’re the kind of spender who appreciates a high earn rate on cashback, then the ICBC VISA Dual Currency Credit Card could be suitable for you. It gives you the chance to rack up as much as 8% in cashback. Plus, you can make the most of waivers on currency exchange fees with US dollars.

Read on to find out more about the ICBC Visa Dual Currency Credit Card, including the eligibility requirements of this 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 Visa Dual Currency Credit Card

  • Cash rebates. If you consistently spend more than S$500 every month on Visa transactions you could enjoy as much as 8% in cashback. Conditions apply so make sure you read the policy wording with care before you sign up.
  • Fee free currency exchanges with USD. Charges on currency exchanges are waived when using this card to spend in USD, meaning you can avoid a 2.5% foreign currency transaction fee.
  • Visa PayWave. Point Of Sale (POS) terminals with the Visa logo will accept your credit card, allowing you to tap for secure and fast contactless payments.
  • Annual fee. Get a three-year waiver on your credit card; its typical fee is up to S$150 a year.

Pros and cons


  • Cashback is earned on Visa spending in any category
  • Annual fee waiver for three years is a big plus
  • Lots of flexibility by being able to make payments in both USD and SGD


  • Perks aren’t as attractive as other ICBC cards – for example, the ICBC UnionPay Dual Currency Credit Card offers complimentary lounge passes at airports and train stations
  • The cashback earn rate is tiered; the highest rate only applies for any spending above $500 one month in a quarter – up to a maximum rebate of S$60

How to apply for the ICBC Visa Dual Currency Credit Card

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

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. Additional cardholders often need to be in your family.

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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