ICBC Singapore launches US$-S$ dual currency credit card
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
INDUSTRIAL and Commercial Bank of China (ICBC) Singapore has launched a dual currency credit card that combines US dollar and Singapore dollar customer accounts, it said in a press release on Monday,
Cardholders can choose to make payments in US dollars or Sing dollars, and the bank said that the card would come with zero administrative fees for all US dollar transactions.
This would ease "additional costs that customers tend to bear, which can be as high as 2.5 per cent", said the bank's general manager Zhang Weiwu.
ICBC Singapore, designated as the yuan clearing bank here, also came up with Singapore's first yuan and Sing dollar dual currency credit card in 2011.
The bank said that it would offer incentives for new applications of its latest credit card, including cashback rewards.
It has retail branches in Raffles Place, Orchard, Chinatown, Paya Lebar and Jurong East.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
