ICBC Mastercard Standard: Affordable option for those looking for a credit card

O ICBC Mastercard Standard card It is an international credit card that allows you to make purchases anywhere in the world that accepts Mastercard. 

It is issued by ICBC bank, the largest bank in the world by assets, which has operations in several countries, including China and Brazil.

Continue reading and learn more about the main benefits this card offers. 

How does the ICBC Mastercard Standard card work?

The ICBC Mastercard Standard card works like any other credit card. 

You can use it to pay for your purchases in cash or installments, both in physical stores and online. 

You can also withdraw cash from ATMs in the network MasterCard or from ICBC bank, upon payment of fees.

The ICBC Mastercard Standard card has a Mastercard brand, which means it offers all the benefits of the brand, such as:

✅Security: The card has a chip and password, in addition to having contactless technology, which allows you to pay for your purchases without inserting the card into the machine, just by bringing it closer. 

However, you can also block and unblock your card through the ICBC bank app if necessary.

✅Convenience: ICBC Mastercard Standard is accepted in over 210 countries and territories, at over 52 million merchant locations. 

Furthermore, with it, customers can make online purchases on national and international websites, using the card's security code.

✅Services: The card offers assistance and protection services, such as travel insurance, personal accident insurance, emergency medical assistance, legal assistance, automobile assistance, among others. 

You can consult the details and conditions of these services in the Mastercard benefits guide.

✅Surpreenda Program: The card participates in the Surpreenda program, which is a Mastercard loyalty program. 

With every purchase made with your card, you accumulate points that can be exchanged for special offers at various partners, such as restaurants, cinemas, stores, etc. 

You can register for the program via the website or the Surpreenda app.

What are the advantages of the ICBC Mastercard Standard card?

In addition to the benefits of the Mastercard brand, the card ICBC Mastercard Standard offers exclusive benefits to ICBC Bank China customers, such as:

✅Points: The card allows you to accumulate points with every purchase made. For every 1 yuan spent, you earn 1 point. 

Points can be exchanged for products or services in the ICBC bank rewards program catalogue.

✅Interest-free installments: This product also allows you to pay for your purchases in up to 12 interest-free installments at establishments selected by ICBC bank. 

You can check the list of these establishments on the bank's website or app.

✅Discounts: The card offers special discounts at various ICBC bank partners, such as online stores, restaurants, hotels, etc. 

Interested parties can check current offers on the bank's website or app.

✅Service: The card has exclusive and personalized service for ICBC bank customers. 

Customers can contact the call center 24/7 by phone or online chat. 

Furthermore, account and card management is carried out via the app or even the bank's website. 

What are the disadvantages of the ICBC Mastercard Standard card?

Although it offers many advantages and is an interesting alternative for those looking for accessibility and practicality, this card has some disadvantages that should also be considered when applying.

We have highlighted some of them below, so that you can make a fairer assessment of this financial product. 

👉Annual fee: The card charges an annual fee of 180 yuan, which can be paid in up to 12 installments of 15 yuan. 

However, the annual fee may be reduced or waived depending on your monthly spending on the card. 

You can check the rules for reducing or waiving the annual fee on the bank's website or app.

👉Fees: The card charges fees for some services, such as ATM withdrawals, duplicate card, emergency credit assessment, etc. 

You can check the fee table on the bank's website or app.

👉Interest: Interest is also a common disadvantage if you are late paying your bill or pay less than the total amount. 

They are calculated based on the revolving credit rate, which is 18% per year. You can avoid interest by paying your bill on time and in full.

How to apply for ICBC Mastercard Standard credit card?

The card application can be completed in simple steps. Check it out!