In order to fulfill consumption needs of the cardholders, ICBC has launched instalments of Peony International Credit Card and Peony Credit Card (hereinafter as “Peony Card”). If the cardholder applies for instalments while consuming with Peony Card, he/she would repay the instalments amount each month, which not only fulfills your need for funds flow, but also gives you a new tool for flexible financial management.
To help you understand and use Peony card, we specially introduce you about Peony card services improvement measures proposed by ICBC since May 2002.
Article I
Peony international credit card (hereunder referred to as the “international card”) is a kind of generally accepted credit card issued by ICBC granting the cardholder a certain credit line, within which the cardholder can consume first and make repayment later, and having the functions of overdraft consumption, account transfer & settlement, and cash deposit & withdrawal.
Article I
This regulation is stipulated for promoting the conversion of our country’s traditional currencies to electronic currencies and providing better consumption credit services for all circles of life according to the Administrative Rules on Bank Card Service of the People’s Bank of China and relevant regulations.
I. In order to make it easy for cardholders to use cards, ICBC launched a series of service improvement measures according to international conventions, announced as below:
1. The following service measures have been launched in the cities of Beijing, Shanghai, Tianjin, Chongqing, Shenzhen, Xiamen, Qingdao, Dalian, Ningbo, Haerbin, Shenyang, Wuhan, Changsha, Chengdu, Xi’an, Kunming, Haikou, etc. and the whole provinces of Jiangsu, Guangdong and Zhejiang:
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