We’ve reviewed the ICBC Preferred Visa Card, the Premier Visa Signature and now, I want to introduce the ICBC Preferred UnionPay Gold Card which earns you a $50 cash bonus when you make $1,000 on purchases in the first 3 months from account opening. This is among the first UnionPay network credit cards to hit the United States and earns 1% cash back on every purchase on top of having no foreign transaction fees and no annual fee.
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up To $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
ICBC Preferred UnionPay Gold Card Summary:
- Learn More
- Maximum Bonus: $50 Cash Bonus
- Spending Requirement: $1,000 within the first 3 months.
- Annual Fee: $0
- Expiration Date: None
ICBC Preferred UnionPay Gold Card Features:
- $50 cash bonus when you make $1,000 on purchases in the first 3 months from account opening
- UnionPay card – widely accepted everywhere in China
- EARN 1% cash back on every purchase
- No foreign transaction fee and no liability on unauthorized purchases
- Rent your car with ICBC card and get auto rental collision damage waiver without paying extra
- No annual fee
Preferred UnionPay Gold Pros:
- Backed by UnionPay network
- No annual fee/ No foreign transaction fee
Preferred UnionPay Gold Cons:
- Lack of rewards
- Weak sign-up bonus
*UnionPay Notice*
Apparently, these pioneer UnionPay cards launched in the United States operate on a completely different functionality from the Union Pay version of cards that operate in China. Most of the POS machines in Mainland China will have a hard time rendering these cards and the fact that you cannot add your IBCB Unipay card to AliPay or WeChat which is a widely acceptable payment method, it could prove to be of limited usage for those that travel to mainland China often.
Conclusion:
When you sign up for the ICBC Preferred UnionPay Gold Card, you could earn $50 in cash bonus when you make $1,000 in spending within the first 3 months of account opening. This card earns 1% everywhere with no foreign transaction fee, which is pretty much a flailing rewards structure, however the card is redeemed primarily because of it’s UnionPay network capabilities. Apparently, it is “widely accepted in China,” however, we’ve noted that this variant of UniPay differs from the original and will receive it’s fair shares of nonacceptance, especially in Mainland China. Check out our complete list of Credit Card Promotions for any of your credit card needs!
