ICBC Premier UnionPay Platinum Card: Get $100 Bonus

The ICBC Premier UnionPay Platinum Card can earn you $100 in cash bonus when you make $2,000 in spending within the first 3 months of account opening. This card earns 1.5% cash back on your every purchase and with no foreign transaction fee. This card is practically your ICBC Preferred UnionPay Gold Card with a beefer rewards structure and sign-up bonus, however with an $85 annual fee instead of no annual fee. One of the especially more appealing feature that both the cards possess is that they operate on a UnionPay network, supposedly suitable for those of you that frequently visit China. If you’re interested, be sure to read on to learn more!

Alternative Credit Card Bonuses:

• Barclaycard JetBlue MasterCard®
• Chase Sapphire Preferred® Card
• HSBC Platinum MasterCard® with Rewards Card

ICBC Premier UnionPay Platinum Card Summary:

• Learn More
• Maximum Bonus: $100 Cash Bonus
• Spending Requirement: $2,000 within the first 3 months.
• Annual Fee: $0 first year, then $85
• Expiration Date: None

ICBC Premier UnionPay Platinum Card Features:

• $100 cash bonus when you make $2,000 on purchases in the first 3 months from account opening
  
• UnionPay card – widely accepted everywhere in China
• EARN 1.5% 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
  
• Travel and Accident Insurance including Trip Delay Reimbursement
  
• 24/7 Concierge services providing travel, entertainment, and more
  
• $0 intro annual fee for the first year, after that $85
  

Premier UnionPay Platinum Pros:

• Backed by UnionPay network
• No annual fee/ No foreign transaction fee

Premier UnionPay Platinum Cons:

• $85 annual fee

*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:

The ICBC Premier UnionPay Platinum Card offers you a borderline decent sign-up bonus; $100 cash bonus when you make $2,000 in spending within the first 3 months of account opening. On another note, the card earns 1.5% everywhere on top of having no foreign transaction fee and acceptance everywhere where UnionPay is valid. However, I must note that this may not be the case if you plan on traveling to Mainland China where POS machines are still behind times and accepting only the original version of UnionPay. On top of that, an $85 annual fee after the first year is uncalled for. Wish that they incrementally increased annual fees based on the actual value of the card, since a $45 annual fee would more suit the card. Check out our complete list of Credit Card Promotions for any of your credit card needs!