UnionPay International and Industrial and Commercial Bank of China US (ICBC US) have issued the first UnionPay credit card in New York.
It’s both the first UnionPay credit card issued in the US market and the first credit card issued by a Chinese commercial bank in the US.
UnionPay and ICBC are significant strategic partners to each other, with highly integrated internationalization strategies. They work closely worldwide in such aspects as acceptance, issuance and innovative payment of UnionPay cards.
Continued expansion of UnionPay overseas acceptance network meet payment needs of cardholders with international issuers such as ICBC.
Furthermore , UnionPay International helps to extend brand, products and services of Chinese banks overseas via overseas cooperation with Chinese banks.
So far, UnionPay International has worked with ICBC to issue cards in more than 20 countries and regions such as Canada, New Zealand and Singapore.
The UnionPay credit card jointly issued this time is to deliver the secure, convenient and preferential payment to American residents constantly traveling between China and other Asia-Pacific countries, overseas Chinese in the US and overseas students based on the UnionPay card acceptance network distributed among 157 countries and regions as well as the international financial service platform of ICBC.
The UnionPay credit cards issued this time include “Preferred cards” and “Premier cards”. The former is exempted from annual fees and offers cashbacks. The latter offers more cashback and more considerate VIP services.
Over 54 million UnionPay cards have been issued in overseas markets. The US has witnessed the unremitting perfection of the service system of UnionPay cards.
Currently, UnionPay cards can be used to withdraw cash from almost all the ATMs in local. In addition, it is available for cardholders to use UnionPay credit cards for purchases via signature verification at 80% of merchants, or through password keyboard if such system has been installed at merchants.
The majority of UnionPay credit cards issued by national or regional banks in China support signature payment, and cardholders can cancel their transaction password with corresponding issuing banks before their departure for the purpose of PIN-free payment.
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