Peony Credit Card is a peony credit card issued by Industrial and Commercial Bank of China, which gives cardholders a certain credit limit, within which they can pay first and then pay back, and enjoy an interest-free repayment period and interest-free deposits. Peony credit cards are divided into RMB credit cards, dual-currency credit cards and multi-currency credit cards according to account currencies.

Renminbi credit cards can be used at domestic and overseas acceptance points with UnionPay logo, settled in RMB, and have the functions of credit consumption, transfer settlement, cash deposit and withdrawal, etc.

Dual-currency credit cards can be used at home and abroad, and can be settled in RMB and designated foreign currencies, with the functions of credit consumption, transfer settlement, cash deposit and withdrawal, etc.

Multi-currency credit cards can be used at home and abroad, settled in RMB and several designated foreign currencies, and have the functions of credit consumption, transfer settlement and cash deposit and withdrawal. If there is no foreign currency corresponding to the transaction currency, the primary foreign currency designated by the bank will be used for bookkeeping. Unless otherwise specified below, dual-currency credit cards include multi-currency credit cards.

(2) Peony quasi-credit card

Peony quasi-credit card is issued by China Industrial and Commercial Bank, which gives the cardholder a certain credit limit, within which the cardholder can pay first and then repay, and does not enjoy the interest-free repayment period. Peony quasi-credit card can be used at domestic and overseas acceptance points with UnionPay logo, settled in RMB, and has the functions of credit consumption, transfer settlement and cash deposit and withdrawal.

Peony quasi-credit cards have stopped issuing, and peony credit cards and peony international credit cards that truly meet the needs of the public are the development direction.