Thank you for choosing peony international card. We hereby notify you of relevant regulations of the State Foreign Exchange Administration about regulating management of bank cards in foreign currency, which we hope you pay attention to in using the card.
1. ICBC international card can be used abroad. In transactions outside China, the card can be used for paying consumptions (meals, accommodation, shopping) generated after leaving China for personal matter under current item and business travel expenses but cannot be used for paying other transactions in nature of investment (security or real estate investment, etc.).
2. There is limit for firms outside China where you use the card. For completely prohibited firms, cardholder is not allowed to conduct transactions under their category code; for amount limited firms, amount of single transaction conducted by cardholder under their category code shall not exceed USD 5,000 of equivalent value; there are two particularly limited firms, if cardholder uses foreign currency card to draw cash (including at ATM and bank counter) outside China, cash drawn in accumulation in one day shall not exceed USD 1,000 of equivalent value; cash drawn in accumulation in one month shall not exceed USD 5,000 of equivalent value; cash drawn in accumulation in six months shall not exceed USD 10,000 of equivalent value; cash drawn in accumulation in one year shall not exceed USD 20,000 of equivalent value.
3. For your overdraft produced by consumption or cash withdrawal outside China with peony card, as long as the above stipulation is met, you can handle exchange purchase for repayment via ICBC.
Please pay attention to the above policies and requirements when you using card outside China.
To facilitate your use of the card, ICBC recently also opens the service for exchange purchase with RMB for repayment at the business offices where foreign exchange trading business can be conducted based on the original 010-95588 exchange purchase by telephone. We welcome you to handle relevant business and we will do our best to serve you.
Category Code of Firms Where Domestic Bank Cards are Used Outside China
Note: ★ means only applicable to Master Card. Visa Organization and Express Company do not have that firm category code; ● means only applicable to Visa Card. Master Organization and Express Company do not have that firm category code; ▲ means only applicable to Express Card. Master Organization and Visa Organization do not have that firm category code; ◆ means applicable to both Master Card and Visa Card at the same time. Express Company does no have that firm category code. Firm category codes without any mark are applicable to Visa Card, Master Card and Express Card.
Cable transfer and bill of exchange, capital transfer
Financial institution; products, services
Quasi-cash; membership financial institution
Non-financial institution; foreign exchange, bill of exchange (exclusive of cable transfer), temporary bills and travel check
Bond; broker and trader
Remote value keeping; member financial institution
Remote value keeping; firm
Payment service company; account transfer of currency under purchase
Payment service company; member financial institution (payment transaction)
Payment service company; firm (payment transaction)
Capital transfer; member financial institution
Purchase of tokens; member financial institution
Overall contractor; civil and commercial buildings
Masonry, stone carving, ceramic tile installation, brushing and insulation contracting service
Roofing, wall plate and metal sheet installation
Contractor; what are not included in other categories
Various publishing and printing services
Typesetting, print plate making and relevant services
Professional cleaning, polishing and sanitary products
Car and truck transportation; short distance/long distance
Public warehouse; storage of agricultural products, frozen foods and household goods
Port/ocean shipping service /equipment supply
Airport, private airport, aviation assembly/distribution station
Motorcycle supplies and new parts
Office and business furniture
Building materials; no included in other categories