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Amendment to ICBC Credit Card Cardmember Agreement (wef 1 April 2021)
 

With effect from 1 April 2021, ICBC Credit Card Cardmember Agreement (“Agreement”) will be amended. Changes to the Agreement relate to the addition of our UnionPay QuickPass facility features and amendments to existing Instalment Payment Plan (“IPP”) clauses.

A summary of the changes are as follows.

UnionPay QuickPass facility
New Clause 7.1 UnionPay QuickPass facility of the Card may be used to carry out Card Transactions at all UnionPay QuickPass point-of-sale terminals and at such other readers or system we may from time to time prescribe (“UnionPay QuickPass Readers”)
New Clause 7.2 You may effect Card Transactions through UnionPay QuickPass facility provided that the value of each Card Transaction does not exceed S$200 or such other amount as may be prescribed from time to time without further notice to you.
New Clause 7.3 The use of the UnionPay QuickPass Facility shall be subject to such terms and conditions the Bank may impose from time to time.
New Clause 7.4 You accept the risks of the unauthorised Card Transaction and undertake to be liable for all Card Transactions performed using the UnionPay QuickPass Facility and posted to the Card Account regardless of whether or not these Transactions were properly authorized by you.
Instalment Payment Plan (“IPP”)
Revised Clause 21 If you participate in the Bank’s IPP, you will be bound by IPP Terms and Conditions as may be amended, modified and/or supplemented from time to time. If there are any conflict between any specific terms and conditions governing IPP and this Agreement, the specific terms and conditions of IPP shall prevail.
Please click here to view the revised Agreement.

Thank you for banking with us.

 

Yours Sincerely,
Industrial and Commercial Bank of China Limited, Singapore Branch

25 March 2021