Introduction

1. The business credit card is introduced to facilitate the staff members handling the advance payment at work. The default credit limit of each business credit card is RMB50000, subject to the approval of the issuing bank.

2. The advantages of the business credit card: 1) the credit limit does not affect the cardholder's application for other credit cards, 2) the foreign staff members are also eligible to apply, 3) staff members may apply for an increment of limit through the Finance Office, the maximum credit limit is RMB100000, 4) reward points are owned by the cardholder, 5) no annual fee charges.

3. Staff member who needs a business credit card or adjusting the credit limit, please login the Services Center of the Portal and complete the Application for UIC Business Credit Card.

4. The Finance Office reserves the right to verify the authenticity of the transaction claimed by the cardholder by accessing the e-banking system.

Rules of Card Usage

1. The business credit card should be mainly used for paying expenses incurred at work, and the cardholder should be responsible for personal expenses or any associated liabilities. For specific expense requires pre-approval, cardholders should comply with relevant procedures.

2. The statement billing date of the business card is the 1^ST of each month, and the repayment date is the 19^TH of the following month.

3. Cash withdrawing is not allowed, and the cardholder shall be held accountable for any interest or associated liabilities.

4. The cardholder shall keep the business card properly. In the event of lost or fraud, cardholders should follow the reporting and reissuing procedures promptly in accordance with the guidance of the issuing bank.

5. In the circumstances of job rotation, resignation or retirement cardholders should promptly repay the credit card and submit a cancellation request to the issuing bank. The Finance Office may initiate card cancellation if the cardholder fails to cancel the credit card in two months.

Rules of Reimbursement

1. Cardholders should repay the credit card within the grace period prescribed by the issuing bank, otherwise there will be overdue interest or fee which should be borne by the cardholders. Cardholders should reserve sufficient time for reimbursement procedures.

2. The Finance Office will process the reimbursement application as soon as possible. For expenses that disapproved, the cardholder shall be responsible for repayment.

3. All the reimbursements will be remitted to the staff member’s China Merchants Bank Debit Card.

4. In case of any money refund due to changes in transactions after settlement of the reimbursement, cardholders should promptly remit the corresponding amount to the college’s account with explanation notes.