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Service Fee for Credit Card
 

Industrial and Commercial Bank of China (Thai) Public Company Limited
Details of Interest Rate, Penalty Fee, Service Fee
and Other Fees Chargeable by Commercial Bank in Credit Card Business
Effective from 15th September 2023

1. Interest, penalty fee, service fee and other charges  
Interest 16% per year
Starting Date of Interest Calculation Calculate Interest at posting date of transaction
Late payment fee Free
Installment prepayment fee on credit card monthly installment plan* 1% per annum of the total remaining amount of the installment
Cash Advance Interest 16% per year
Starting Date of Cash Advance Interest Calculation Calculate Interest at Cash Advance Transaction Date
Remark: * Installment prepayment fee 1% per annum  (when combining Installment prepayment fee on credit card monthly installment plan with other interest, penalty fee, service fee and other charges, it shall be the amount not more than the amount calculated at the rate of 16% per annum). 
2. Minimum payment required 5% of outstanding balance in the monthly credit card statement. (From accounting period April 2020 - December 2023)
8% of outstanding balance in the monthly credit card statement. (From accounting period January 2024 - December 2024)
10% of outstanding balance in the monthly credit card statement. (From accounting period January 2025)
3. Cash advance fees*  
ICBC in Mainland China 1% of the total cash advance amount
ICBC (Thai) 1% of the total cash advance amount
ICBC Overseas 3% of the total cash advance amount
Other banks in Mainland China 3% of the total cash advance amount
Other banks in Thailand 3% of the total cash advance amount
Other banks in Overseas 3% of the total cash advance amount
Remark:*Cash Advance Fees on other Bank’s ATMs network depends on each ATM fee rate.  
4. Interest-free period Up to 56 days from the posting date (Full Payment)
5. Fee by card type

Platinum

Gold

Classic

Primary Card

Supplement Card

Primary Card

Supplement Card

Primary Card

Supplement Card

ICBC (Thai) VISA and UnionPay Credit Card            
Joining fee Free Free Free Free Free Free
Annual fee 4,000 1,500 1,000 500 500 300
ICBC (Thai) Horoscope UnionPay Credit Card            
Joining fee Free Free - - - -
Annual fee 3,000 3,000 - - - -
6. Payment charges  
6.1 Direct Debit from ICBC (Thai) Account Free
6.2 Pay Cash at ICBC (Thai) Free
6.3 Pay Cheque at ICBC (Thai) Free
6.4 Pay through ICBC Electronic Banking Free
6.5 Pay through ICBC (Thai) ATM Free
6.6 Pay through BBL and KBank Counters Free
6.7 Pay through BBL and KBank Electronic Banking Free
6.8 Pay through all LOTUS's services Service Charges depend on LOTUS's fee rate
7. Inquiry fee  
ICBC in Mainland China Free
ICBC (Thai) Free
ICBC Overseas THB 20/transaction
Other banks in Mainland China THB 20/transaction
Other banks in Thailand THB 10/transaction
Other banks in Overseas THB 20/transaction
8. Over Limit fee Free
9. Reject direct debit or bounced cheque fee ? Free
10. Copy of statement fee THB 100/statement/month
11. Copy of sales slip fee THB 100/copy for domestic transaction THB 300/copy for overseas transaction
12. Replacement of Card Password fee with envelop Free
13. Replacement of credit card fee THB 200/card
14. Debt collection fee Free
15. Cost of Exchange Risk
The Cardholder agrees and accepts that all expenses incurred from the Credit Card (including Cash advances and Cash withdrawals) in any currency other than Thai Baht shall be converted into Thai Baht pursuant to the inter-bank exchange rate as quoted by the credit card organizations of which the bank is a member, on the date that the Bank is notified of the spending or advanced amount. In addition, Cardholder acknowledges and agrees the Bank is entitled to charge the hedging premium from the Cardholder as determined by the Bank but not exceeding 2% of such exchange rates in order to mitigate the exchange rate risk.
16. Business Security Agreement Registration Fee  
16.1 Business Security Agreement Registration 0.1% of registration amount, maximum at THB 1,000 and bill payment THB 15
16.2 Registration Amount Increase 0.1% of increased registration amount, maximum at THB 1,000 and bill payment THB 15
16.3 Registration Amount Decrease THB 215 (included bill payment THB 15)
16.4 Business Security Agreement Adjustment, excluded the registered amount THB 215 (included bill payment THB 15)
16.5 Business Security Agreement Registration Cancellation (customer cancels Credit Card) THB 215 (included bill payment THB 15)
16.6 Business Security Agreement Registration Cancellation (customer defaults payment exceed 90 days) THB 215 (included bill payment THB 15)
Remarks:
1) Interest rates and fees are subject to change with prior notice from the Bank from time to time. Such change will be notified to Cardholder 30 days (7 days for the urgency) in advance and will become effective in accordance with the applicable terms and conditions.
2) If the Cardholder makes the cash withdrawal at overseas ATM, the ATM assessment fee may be charged from the Acquiring Bank.
3) All fees are not included of VAT.
4) Business Security Agreement Registration Fee is in accordance with the ministerial regulations of Ministry of Commerce and Ministry of Finance.

  

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(2023-09-14)
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