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Revision to ICBC Credit Cards’ Cashback Terms and Conditions (wef 1 March 2023)
With effect from 1 March 2023, the following ICBC Credit Cards’ Cashback Terms and Conditions (“Terms and Conditions”) will be amended:
1. ICBC Horoscope Credit Card;
2. ICBC Chinese Zodiac Credit Card;
3. ICBC Global Travel Mastercard® Credit Card;
4. ICBC UnionPay Dual Currency Credit Card;
5. ICBC VISA Dual Currency Credit Card; and
6. ICBC Koipy Dual Currency Credit Card.
Please click on the links to view the revised Terms and Conditions.
Changes to the Terms and Conditions relate to the scope of excluded Qualifying Transactions and termination of ICBC Rewards Programme. A summary of the changes are as follows:
1. For the purposes of calculating Cashback under the above ICBC Credit Cards, Qualifying Transactions shall also exclude the following transactions: -
(a) any payment made with the following Merchant Category Code (“MCC”);
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Merchant Category Code (MCC)
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Description
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4829
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Wire Transfer/Money Orders
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5199
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Nondurable Goods (Not Elsewhere Classified)
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5960
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Direct Marketing - Insurance Services
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6012
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Financial Institutions
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6050
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Quasi Cash - Financial Institutions, Merchandise and Services
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6051
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Non-Fl, Money Orders
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6211
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Security Brokers/Dealers
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6300
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Insurance Underwriting, Premiums
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6513
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Real Estate Agents and Managers - Rentals
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6529
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Remote Stored Value Load - Financial Institute Rentals
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6530
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Remote Stored Value Load - Merchant Rentals
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6540
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POI Funding Transactions
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7995
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Betting/Casino Gambling
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8062
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Hospitals
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8211
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Elementary, Secondary Schools
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8220
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Colleges, Universities
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8241
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Correspondence Schools
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8244
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Business/Secretarial Schools
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8249
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Vocational/Trade Schools
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8299
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Educational Services
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8651
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Organizations, Political
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8661
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Organizations, Religious
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8699
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Organizations, Membership (Not Elsewhere Classified)
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9211
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Court Costs, Including Alimony and Child Support - Courts of Law
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9222
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Fines - Government Administrative Entities
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9223
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Bail and Bond Payments
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9311
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Tax Payments - Government Agencies
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9399
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Government Services (Not Elsewhere Classified)
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9402
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Postal Services - Government Only
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9405
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Intra-Government Purchases - Government Only
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(b) any transactions as may be prescribed or amended by ICBC from time to time, without prior notice or being liable to Cardmembers.
Thank you for banking with us.
Yours Sincerely,
Industrial and Commercial Bank of China Limited, Singapore Branch
20 January 2023
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