What is the handling fee for overseas swiping of ICBC credit cards?
The handling fee for overseas swiping of ICBC credit cards is 1.5%.
Extended information
ICBC overseas remittance fee
Remittance to other overseas banks: the handling fee is charged at 1‰ of the remittance amount, with a minimum of 50 yuan per transaction. The maximum fee is RMB 260 per transaction, plus telecommunications charges (if any). Remittance to overseas ICBC (ICBC Express point-to-point remittance): The handling fee is charged at 0.5‰ of the remittance amount, with a minimum of 50 yuan/transaction and a maximum of 260 yuan/transaction. Telecommunication fees are waived.
How much is the handling fee for online payment of overseas charges with ICBC credit card?
Currently, the mainstream foreign exchange online payment channels charge the seller’s handling fee, so you can shop with confidence and don’t have to worry. The issue of handling fees
Is there any handling fee when using ICBC visa credit card overseas? How to calculate
If you use a VISA credit card to make purchases abroad, no handling fee will be charged. If you are withdrawing cash, withdrawals through international credit card organization channels (including Hong Kong, Macao and Taiwan): 2.9% of the withdrawal amount will be charged for each transaction, with a minimum of 3 Hong Kong dollars/Macau patacas/US dollars/euro, and a minimum of 3 US dollars equivalent++ for other ++.
Overdraft cash withdrawals do not enjoy interest-free repayment. Interest will be charged at a daily interest rate of 0.5% from the accounting date, and compound interest will be charged on a monthly basis (quasi-credit cards are calculated based on simple interest).
The handling fee for credit card overseas withdrawals is as follows:
1. Overseas UnionPay channels (including Hong Kong, Macao and Taiwan): 1% of the withdrawal amount + RMB 12 for each transaction, with a minimum of RMB 14. Maximum 112 yuan;
2. Withdrawals through international credit card organization channels (including Hong Kong, Macao and Taiwan): 2.9% of the withdrawal amount is charged for each transaction, with a minimum of HKD/MOP/USD/EUR, and a minimum of 3 for other++ USD equivalent++.
What is the handling fee for overseas inquiry/withdrawal of ICBC bank cards?
Cross-border ATM inquiry fee: 4 yuan/transaction, ++ account will be charged the equivalent ++.
The handling fee for credit card overseas withdrawals is as follows:
1. Overseas UnionPay channels (including Hong Kong, Macao and Taiwan): 1% of the withdrawal amount + RMB 12 for each transaction, with a minimum of RMB 14. Maximum 112 yuan;
2. Withdrawals through international credit card organization channels (including Hong Kong, Macao and Taiwan): 2.9% of the withdrawal amount is charged for each transaction, with a minimum of HKD/MOP/USD/EUR, and a minimum of 3 for other++ USD equivalent++.
Warm reminder:
Overdraft cash withdrawals do not enjoy the interest-free repayment period. Interest will be charged at a daily interest rate of 5/10,000 from the accounting date, and compound interest will be charged on a monthly basis (quasi- Credit cards are charged simple interest).
What is the ICBC credit card installment fee?
ICBC credit card installment fee calculation formula:
Handling fee = installment principal and each installment fee rate
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ICBC credit card installments are available in six installments: 3, 6, 9, 12, 18, and 24. The handling fees are respectively 1.65% for 3 installments, 3.6% for 6 installments, 5.4% for 9 installments, and 7.2% for 12 installments. 11.7% in the 18th period and 15.6% in the 24th period.
The methods of installment include summary installment, cash installment, consumption installment, etc. The handling fee is collected in one lump sum for the first installment and cannot be paid in installments. The installment function can only be used when a single purchase of 600 yuan or more is made. There are two repayment methods: full repayment and application for early repayment and partial early repayment
The most common 12-period 7.2% handling fee is equivalent to 7.2/(12+1)24= 13.29% annual interest rate.
ICBC’s handling fee for 12 installments is 3.58%, with an annualized interest rate of 6.61%, which is equivalent to 1.1 times the one-year loan benchmark interest rate of 6.0%
Instalments of 0.0358/1324=0.06609= 6.61%
If the first installment is collected, the annualized interest rate should be divided by (1-installment fee).
First installment charge 0.0358/1324/(1-0.0358)=0.06854=6.85%
Extended information
Credit card bill installment application requirements:
1. Bill installment application time
From the transaction date to the repayment date, you can freely choose to instal transactions under RMB or USD accounts.
For transactions that have not been billed: You can apply for installment between the day the transaction occurs and 19:30 on the billing day corresponding to the transaction.
For bills that have been issued: You can apply for installments between the day after the bill date and the due payment date (for customers whose accounts have set up automatic repayment, the application deadline is 17:00 on the due payment date) 00).
2. Conditions for applying for bill installments
Applicants must hold a bank credit card, personal card master card, good card usage record, and no delay in current repayment. Customers who only hold commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards cannot apply for bill installments at the moment.
3. Amount of bill installment application
To apply for RMB bill installment, the minimum application amount each time is not less than RMB 300; to apply for USD bill installment, the minimum application amount each time is not less than RMB 300. $100.
After successfully applying for RMB or U.S. dollar bill installments, the principal of each installment and each installment handling fee will be credited to the RMB account, that is, the U.S. dollar bill installment amount will be converted into RMB according to the exchange rate specified at the time of application.
ICBC credit card cash withdrawal fees and interest
The handling fees for domestic withdrawals or transfers from credit card RMB accounts (including local funds to other places) are as follows: 1% of the cash withdrawal amount, with a minimum of 2 yuan , up to 100 yuan. If you withdraw cash from domestic inter-bank ATMs, additional charges will apply: Credit card: 4 yuan/transaction, quasi-credit card: 3.5 yuan/transaction.
Starting from July 25, 2021 (inclusive), ICBC will temporarily waive transaction fees for RMB withdrawals or transfers with quasi-credit cards and inter-bank cash withdrawal fees at domestic ATMs.
If you withdraw cash over an overdraft, you will not enjoy interest-free repayment. In addition to the cash withdrawal handling fee, you will also be charged overdraft interest at a rate of 50,000 per day from the bank accounting date until it is paid off. .
Warm reminder:
1. Handling fees for transfers and payment transactions between personal accounts of domestic peers in the card-issuing area;
2. Military Official cards are free, domestic transactions for platinum cards and above are free, and international debit cards do not charge local withdrawal and payment fees;
3. Budget official cards (including provincial budget official cards) and armed police official cards Handling fees for self-owned deposit cash withdrawal or transfer payment transactions in card-issuing areas are temporarily exempted.
(Answer time: April 22, 2022. In case of business changes, please refer to the actual situation.)
Is there any charge for ICBC credit card swiping in other places?
ICBC credit cards have no geographical concept, and there is no handling fee for card payments across the country.
The credit card itself does not have local or remote problems. When the card is swiped directly on the POS card machine for consumption, the handling fee will be borne by the merchant, and the cardholder will not bear the handling fee. If you withdraw cash directly from an ATM machine, there will be differences between local and remote locations. For example, there is no handling fee for local ICBC credit card withdrawals, but credit cards from banks such as China Merchants Bank charge a 1% fee for cash withdrawals from local and remote ATMs. fee.
ICBC bank cards are divided into two types: credit cards and debit cards. The handling fees charged for withdrawals from other places are different, as follows:
1. ICBC Deposit Cards from different places. There is no handling fee for peer withdrawals. For inter-bank withdrawals from other places, a handling fee of 4 yuan and 0.5% of the cash withdrawal amount will be charged for each transaction, with a maximum charge of 50 yuan.
2. The handling fee for domestic RMB withdrawals with ICBC credit cards (including domestic and overseas) is charged at 1% of the amount, with a minimum of 2 yuan and a maximum of 100 yuan.
There is no handling fee for ICBC credit card swiping in other places. No matter which bank's credit card you use, you don't need to pay additional handling fees no matter where you swipe the card. Cash withdrawals will be charged a handling fee of 1%, with a minimum of 10 yuan per transaction
Please follow the following method when using a credit card to make purchases: < /p>
1. When swiping a credit card, please keep the credit card away from your sight to avoid misuse or theft of the card;
2. Do not arbitrarily enter blank or unfilled fields. Sign the payment form with the correct amount;
3. Before signing, please be sure to confirm whether the ++ and payment amount listed on the payment form are correct, and pay attention to whether the consumption currency and the amount in uppercase and lowercase are correct;
4. When using a credit card, you must sign to confirm the purchase. Generally, there is no need to show your ID card or enter a password. However, please cooperate when the following situations occur: Due to operating standards, POS machines in some cities still require a password. Please enter any 6-digit number. If you are making a large purchase or purchasing easily cashable goods, it is recommended that you enter your accurate personal password for the ATM.
How to calculate the ICBC credit card handling fee
1. Card charging agency
1. The card issuer, that is, the bank that issues a credit card for you, as well as the credit card Credit products also have costs. Of course, banks will not make money-losing transactions. This is the largest handling fee. Since the 9.6 exchange reform, the overall handling fee has been around 60 yuan, and the card issuing bank has to deduct at least 40 to 50 yuan. Yuan does not vary.
2. The clearing agency, which is the UnionPay clearing organization under the Central Bank, all normal transaction payments are received on the second working day after UnionPay clearing. The maximum single transaction does not exceed 7.5 yuan. Normally, the transaction is 1 It costs about 3 to 5 yuan for 10,000 yuan.
3. The acquiring agency is mainly composed of banks and third-party payment licensed institutions. The handling fee is deducted from the first two items, and the rest belongs to the acquiring agency.
2. Credit card swiping fees:
How to charge credit card swiping fees? What is the standard for credit card swiping fees at POS machines?
On September 6, 2016, the National Development and Reform Commission and the People's Bank of China issued a notice on improving the pricing mechanism for bank card swiping fees. The notice was officially implemented. The credit card swiping fee rates were adjusted, and the entire system The sharing ratio has also changed. The original 7:1:2 sharing ratio between the card issuer, UnionPay and the payment company has been broken and is called the 96 fee reform.
The main contents of the 96 fee reform:
1. The cap rate for credit cards (credit cards) has been cancelled.
2. Integrate multiple rates. After the integration, there are only two categories: standard and reduced (standard merchants and non-standard merchants).
3. Clear regulations have been made on the respective proportions of the three-party institutions’ sharing of credit card handling fees.
The original 0.78% general category and 1.25% catering and entertainment categories such as clothing, KTV, catering, gold jewelry, stationery, hairdressing, dry cleaning and other industries have been merged into the current standard category.
This is the end of the introduction to the ICBC credit card processing fee.