Industrial and Commercial Bank of China Ltd launched its first credit card in the United Stateson Tuesday.

 

本周二，中国工商银行在美国发布首张信用卡。

 

The new card will be offered by two networks, UnionPay and Visa. The purpose of workingwith Visa Inc is to offer newcomers to the US with limited credit history to be able to get acredit card and "acclimate¹ to the culture of the US", a statement released by the bank said.

 

ICBC will offer two card levels for both network brands, with the "Preferred" customersearning 1 percent cash back on their spending and "Premier²" customers getting VIP benefitsand accelerated cash back.

 

"This is a milestone³ for ICBC's international expansion, significant to ICBC's credit cardfootprint and its rising status globally," said Wang Xiquan, senior executive vice-president of ICBC.

 

"The issuance of the ICBC credit card in the US is ICBC's major commitment to boostingChina-US economic exchange and to serving local customers."

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