Bank  Card
Introduction
Cards World
  Credit Card
  Exclusive Service for Enterprise
  Co-brand Card
     -  Air China PhoenixMiles Peony Credit Card
     -  Peony eLong Credit Card
     -  Peony Annuity Credit Card
     -  1872 Peony Credit Card
     -  China Southern Sky Pearl Peony Credit Card
     -  Peony CNPC Credit Card
     -  Peony Parkson Credit Card
     -  Peony HNA Credit Card
     -  Golden Mountain Credit Card
     -  Peony Staples Business Card
     -  Peony GOME Credit Card
     -  Peony NetDragon Credit Card
     -  Peony Unicom Credit Card
     -  Peony Avon Credit Card
     -  ICBC PICC Car Credit Card
     -  Peony COFCO Credit Card
     -  ICBC Eastern Airlines Co-Branded Card
     -  ICBC Ctrip Credit Card
     -  ICBC Money Fund Credit Card
     -  Chow Tai Fook Peony Credit Card
     -  China Southern Sky Pearl Peony (Corporate) Business Card
     -  ICBC Anbang Credit Card
     -  ICBC Chime-Long Co-Branded Card
     -  "Easy Loan" Corporate Card
     -  ICBC Shangri-La Credit Card
  Debit Card
  Theme Card
Card Services
Apply for Credit Card Online
Important Notices
Peony Card Frequently Asked Questions
 
  Home Page > Bank Card >Cards World >Co-brand Card >ICBC Money Fund Credit Card
ICBC Money Fund Credit Card
 

I. Introduction
"ICBC Money Fund Credit Card" ("Fund Card"), jointly launched by ICBC and ICBC Credit Suisse Asset Management Company Limited ("ICBC Credit Suisse"), is the first credit card in China for cardholders to buy/redeem money funds automatically and use money funds to repay credit card automatically. Fund Card allows you to "use own money to accumulate wealth, use bank money to spend"!

II. Unique Functions
(I) All the financial functions of quasi credit cards
Fund Card is a CUP-branded Personal Peony Quasi Gold Credit Card which provides all financial functions as other ICBC quasi credit cards (eg. deposit with interest, spending on credit, transfer/settlement, bill payment (water, electricity or telephone)). No secondary card.

(II) Smart wealth management, intelligent investment
Cardholders who wish to use the card for wealth management just bind Fund Card to ICBC fund trading card, set the upper limit for automatic purchase using the deposit balance in the Fund Card, and the lower limit for automatic redemption. After binding, just use Fund Card to buy/redeem money funds automatically. No need to operate frequently, use own money to buy and gain profit from money funds easily! The upper limit for automatic purchase and lower limit for automatic redemption can be set and changed easily.

(III) Automatic redemption, intelligent repayment
Cardholders who have signed ICBC Application Form for Money Fund Credit Card Automatic Wealth Management Agreement tick the "Sign auto-repay agreement for fund redemption". The Fund Card is now used as the debit account for automatic repayment of credit card. Cardholders use the credit card ("Fund Card") for daily necessary spending and pay off the overdraft within a grace period up to 56 days. If the balance in the Fund Card is not enough to repay, money funds will be automatically redeemed to pay the minimum of the credit card.

(IV) Deposit with interest, profit without tax
Fund Card can be used as a salary account or deposit account. Interest on the idle cash in the Fund Card will be accrued at current savings rate. The money funds automatically bought/redeemed through Fund Card are managed by the strong fixed-income investment team of ICBC Credit Suisse. Expected gain is higher than current savings interest. No banking charge is collected for buying or redemption of money funds. All profits are tax-free!

III. Sign up
(I) New Application
Apply for a Fund Card using one of the following options. Before apply, read carefully the risk warning and consideration about Fund Card and money funds offered by ICBC Credit Suisse.

1. At ICBC Counter
(1) Fill in Peony Credit Card Application Form or Peony Card Fast Application Form, submit necessary documentation.
(2) When submit Peony Credit Card Application Form or Peony Card Fast Application Form, mark down ICBC fund trading card No. on the application form. Those without fund trading card should apply one first.
(3) Sign ICBC Application Form for Money Fund Credit Card Automatic Wealth Management Agreement, set the upper limit for automatic purchase and the lower limit for automatic redemption.
Note: Once successful, when you collect the card, ICBC has automatically bound the automatic wealth management function in your Fund Card. Just activate the Fund Card to use the function.

2. Apply online
(1) The cardholder can log in ICBC's official website (www.icbc.com.cn) - personal banking - credit card - I want to apply - select city - select financial service - ICBC money fund credit card to apply for the card. 
(2) Once successful, collect the card in person at ICBC outlet using your valid identity document and fund trading card. If you do not have a fund trading card, apply one first.
(3) Sign ICBC Application Form for Money Fund Credit Card Automatic Wealth Management Agreement, set the upper limit for automatic purchase and the lower limit for automatic redemption.

Note: Once successful, collect the card in person at ICBC outlet using your valid identity document and fund trading card. If you do not have a fund trading card, apply one at the outlet at the same time.
 
(II) Have Quasi Credit Card Already
Those who hold ICBC quasi credit card already just bind automatic wealth management function at ICBC counter or through Internet Banking. Before binding, read carefully the risk warning and consideration about Fund Card and money funds offered by ICBC Credit Suisse.

1. At ICBC Counter
Use your valid identity document, quasi credit card and fund trading card to apply, sign ICBC Application Form for Money Fund Credit Card Automatic Wealth Management Agreement, set the upper limit for automatic purchase and the lower limit for automatic redemption.

Note: If you do not have a fund trading card, apply one at the outlet at the same time.

2. Apply online
Login ICBC Personal Internet Banking, go to "Personal Banking - Credit Card Services - Peony Fund Card Agreement", sign ICBC Application Form for Money Fund Credit Card Automatic Wealth Management Agreement, set the upper limit for automatic purchase and the lower limit for automatic redemption. The agreement shall become effective on the next day (effective on the same day if updated between 0:00 - 1:00 am).

Note: You must have a fund trading card before binding automatic wealth management function through ICBC Personal Internet Banking.

(III) Bind Auto-repay
After activating your Fund Card, use your Fund Card as the debit account for automatic repayment of your ICBC credit card. Enjoy the convenience. You can sign up the service at ICBC outlet, Internet Banking, Telephone Banking, etc.

IV. Risk Warning and Consideration
1. Investment involves risks. Before signing ICBC Application Form for Money Fund Credit Card Automatic Wealth Management Agreement, read carefully the Prospectus and Fund Contract of money market funds offered by ICBC Credit Suisse. Buying ICBC Credit Suisse's money market funds does not mean to deposit your money into a bank or a deposit-taking financial institution. Fund managers do not guarantee a profit or minimum return.

2. See ICBC Credit Suisse business rules and announcement on the rules for buying/redemption and trading of ICBC Credit Suisse's money market funds. For further information, login ICBC Credit Suisse website (www.icbccs.com.cn) or call customer service hotline: 4008119999.

3. When signing ICBC Application Form for Money Fund Credit Card Automatic Wealth Management Agreement, and setting upper limit for automatic purchase and lower limit for automatic redemption, make sure:
(1) Upper limit and lower limit should be integers;
(2) Upper limit should be greater than lower limit, difference between two limits should be greater than or equal to RMB 100, lower limit must be greater than or equal to zero.

4. According to ICBC Credit Suisse business rules and announcement on the money market fund: minimum for one purchase - RMB 100, additional minimum- RMB 100, minimum for one redemption - 100 fund shares. If the fund share balance in one trading A/C after redemption is under 100, the remaining shares must be redeemed in all during redemption. According to ICBC rules, the trading difference for ICBC Credit Suisse's money market funds is RMB 100. Automatic purchase by Fund Card shall be in integral multiples of RMB 100.

5. In case of unsuccessful purchase out of personal reasons (customers) or suspension of the service (ICBC Credit Suisse), amount will be remained in the fund trading card. If you wish to know the status of the account in your fund trading card, call ICBC 95588, check at ICBC outlet counter or online via Internet Banking. Besides, you are recommended to transfer the amount back to your ICBC Fund Card to avoid unsuccessful automatic purchase next time.

6. Before signing automatic wealth management agreement, make sure your fund trading card has opened ICBC Credit Suisse TA account. In case of unsuccessful automatic purchase due to account opening, check immediately the status of the account in your Fund Card. For further information on A/C opening or checking ICBC Credit Suisse TA account, call ICBC Credit Suisse customer service hotline: 4008119999.

Definition:
1. Fund trading card: A bank card used by investor to buy or redeem funds. The card will record all the details on fund trading account. When you buy funds through ICBC, use the fund trading card to open a fund trading account in ICBC, then open a fund account in fund company and buy the fund.

2. Upper limit for automatic purchase and lower limit for automatic redemption: When binding automatic wealth management function, set the "upper limit for automatic purchase" and "lower limit for automatic redemption" for the Fund Card. When the deposit balance in Fund Card is higher than "upper limit for automatic purchase", ICBC system automatically triggers the amount higher than "upper limit for automatic purchase" to buy ICBC Credit Suisse money fund. When the deposit balance in Fund Card is less than "lower limit for automatic redemption", ICBC system will automatically trigger the redemption of ICBC Credit Suisse money fund up to an amount to "upper limit for automatic purchase". Upper limit for automatic purchase and lower limit for automatic redemption should be integers. Upper limit should be greater than lower limit, difference between two limits should be greater than or equal to RMB 100, lower limit for automatic redemption must be greater than or equal to zero.

ICBC Credit Suisse 24-hour service hotline: 4008119999

ICBC Credit Suisse website: www.icbccs.com.cn

ICBC 24-hour service hotline: 95588

Note: Information provided on this page is for your reference only.  The specific details should be subject to the business operation process as well as the announcements and stipulations at your local bank outlet.ICBC reserves the right of final interpretation.


(2015-04-27)
Close