ICBC UnionPay SplendorPlus Debit Card Purchases in China Cashback Promotion Terms and Conditions

Industrial and Commercial Bank of China (New Zealand) Limited (“ICBC”, “ICBC NZ”, “us”, “our” or “we”) has collaborated with UnionPay International to launch a cashback promotion for SplendorPlus debit card transactions made within Chinese Mainland (excluding Hong Kong, Macau and Taiwan Regions).

These Terms and Conditions (the “Terms”) are made available in connection with ICBC NZ General Terms and Conditions and China Union Pay Debit Card T&C's (the “General Terms”) between us and our cardholders. In case of discrepancies between the provisions of these Terms and the General Terms, the General Terms will prevail. By participating in the Campaign, you agree and accept the Terms in full.

1. Campaign Period

The Campaign runs from the 1st of January 2025 up until the Total Amount is exhausted in accordance with Clause 6.1 or until the 31st of December 2025, whichever comes first.

2. Eligible Cardholders 

The Campaign is available to all our cardholders who possess one of ICBC UnionPay SplendorPlus Debit Cards with card number starting with 62303410 or 62303420 (the “eligible cardholders”).

3. Eligible Transactions

Debit card transactions conducted by POS, E-Commerce and ICBC PAY Consumer-Presented-Mode UnionPay QR Code purchase transactions generated by ICBC UnionPay SplendorPlus Cards within Chinese Mainland (excluding Hong Kong, Macau and Taiwan Regions) and going through UnionPay Network during the Campaign Period, are eligible to participate in this ICBC SplendorPlus Debit Card Cashback Promotion. This promotion excludes card-binding transactions to the third party APPs (such as Alipay or Weixin Pay) other than ICBC NZ Mobile Banking App.

4. Offer

4.1. Basic Cashback: 1% of the transaction amount.

4.2. Ad-hoc Top-up Cashback: January and July 2025 is the Ad-hoc Top-up promotion month. During these months, an additional 9% cashback on the transaction amount will be offered on top of the 1% Basic Cashback stated in 4.1.

4.3 The cashback limit per card for the entire Campaign Period is RMB 100 (inclusive), and will be offered on a first-come, first-served basis until the Total Amount is exhausted.

5. General Dispositions

5.1. A RMB amount (“Total Amount”) has been allocated for this Cashback Promotion to be distributed in accordance with Clause 4 during the Campaign Period. The Campaign may be terminated when the Total Amount is exhausted. ICBC NZ will update the cashback progress when 80% of the Total Amount is used and when the Campaign is terminated on its official website, www.icbcnz.com. 

5.2. Cashback payments will be calculated and credited to your ICBC NZ current account in CNH every Wednesday (or subsequent Wednesday if that falls on a national public holiday) from 1st Jan 2025 for eligible cardholders. Payments of cashback under the present Terms may be delayed in case of any unforeseen events outside our control.

5.3. The actual payment amount of Eligible Transaction will be based on the deduction information provided by the issuing bank (ICBC NZ).

5.4. If a transaction is refunded, cancelled, or fails due to other factors, ICBC NZ reserves the right to reclaim the cashback awarded during this promotion.

5.5. Whether this promotion can be used in conjunction with other UnionPay card promotions or not will be subject to related UnionPay promotion terms.

5.6. Please contact us within 30 days of receiving the cashback by calling 0800 995 588 if you have any queries regarding the cashback payment. Otherwise, we will deem that you agree with the cashback payment and any rights to contest it will be waived.

5.7. We may at any time revoke your eligibility to the Campaign without prior notice, in case you breach our General Terms, or any other agreements you might have with us. If your eligibility is revoked, our decision is final and cannot be contested.

5.8. We reserve the right to modify these Terms (including but not limited to the Campaign period, eligibility criteria, and offer method), suspending the Campaign or terminating it at any time. We will notify you of any changes to or revocation of these Terms through at least one of the available channels such as our website, via text messages, newspapers announcements, or posters in our Queen Street Branch.

5.9. In the event of any discrepancy between the Chinese and English versions of the Terms and Conditions of this promotion, the Chinese version shall prevail.