ICBC (Asia) and AXA Hong Kong launch ICBC AXA Virtual Digital Credit Cards

1.5% cash rebate on insurance premium payment and spending
Up to HK$800 cash rebate as welcome offer

With the increasing popularity of electronic payment, online shopping has become the new normal of people’s consumption behaviour. Industrial and Commercial Bank of China (Asia) (“ICBC (Asia)”) and AXA Hong Kong join hands to launch “ICBC AXA Mastercard Virtual Digital Credit Card” and “ICBC AXA UnionPay Dual Currency Virtual Digital Credit Card” to provide customers with a more convenient and rewarding way of spending.

Simply apply for the cards via ICBC (Asia) website (www.icbcasia.com), new customers who successfully get their card application approved are entitled to HK$50 spending credit per card. From now until 31 March 2021, new customers with an accumulative spending of HK$3,000 per card in the first two months can enjoy HK$300 cash rebate; which means for those who apply for both cards, they can earn up to HK$600 cash rebate in total. For applications referred by AXA Financial Consultants, customers can earn an additional HK$50 cash rebate per card.

In addition to the welcome offer, customers can also enjoy 1.5% cash rebate with no cap all year round on AXA insurance premium payment and other eligible spending. ICBC AXA Virtual Digital Credit Cards also offer 12-month insurance premium installment to AXA Hong Kong’s customers at monthly flat rate of 0.185%^.

Ms. Wang Bing Ling

General Manager of ICBC (Asia) Credit Card Centre

“ICBC (Asia) customers can apply for ‘ICBC AXA Virtual Digital Credit Cards’ through simple steps and use them to pay bills and do shopping anytime and anywhere, enjoying the flexible and convenient card-free consumption experience brought by fintech development. This collaboration between ICBC (Asia) and AXA Hong Kong helps customers enhance their personal protection while enjoying multiple benefits and caters customers' needs at different stages of life. ICBC (Asia), as always, will spare no effort to promote the development of smart banking with financial technology.”

Mr. Kevin Chor

Chief Life and Market Development Officer of AXA Hong Kong and Macau

“AXA Hong Kong is pleased to be the first to join hands with ICBC (Asia) to launch the virtual digital credit cards, providing a more convenient way for insurance premium payment and rewarding customers with cash rebate at the same time. We will continue our efforts in innovating our services and products to delight our customers.”

^The monthly flat rate is 0.185% and the annualised percentage rate is 4.15% for 12 months. The annualised percentage rate is calculated based on the guidelines as set out in the Code of Banking Practice. The annualised percentage rate is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate of the Instalment amount.

*Terms and conditions apply. For details, please refer to www.icbcasia.com .

Reminder: To borrow or not to borrow? Borrow only if you can repay!