Card Type
The Bank of Communications and New World Department Store co-branded card comes in two types: the standard card and premier card. The standard card allows the cardholder to enjoy privilege similar to basic credit card offered by the bank while premier card is similar to its platinum credit card. The specific privileges are as follows:

Card Features
Multiple features with exclusive privileges

• Double Bonus Points
• Exclusive VIP benefits
• Interest-free Installment payment scheme
• Shopping Insurance

1. Core Financial Features

• This is a RMB and USD dual-currency credit card that makes local and overseas transaction all the more convenient.
• No cash account deposit is required, cardholders can enjoy the shopping benefits of payment afterwards, the interest-free loan period can last 56 days, and the amount of cash in advance can be as high as 50% of the credit limit.
• Cardholders can shop with the card at over 2,000 merchants as well as withdraw cash from over 840,000 ATMs around the world.
• Cardholders can choose between full loan payment or minimum payment each month while enjoying revolving credit.
• Cardholders are entitled to "Interest-free Installment payment scheme", which allows the cardholder to make interest-free installment for unlimited commodity at unlimited merchants. It is also applicable to USD transaction overseas.(For details, please refers to the appendix)
• You can select RMB loan payment no matter the transaction is made within or outside the country.
• Cardholder can choose between transaction by signature or transaction by access code verification.
• If the card is lost or stolen, please call our 24-hour service hotline immediately to lower the risk it may incur.
• Information of each credit transaction or account changes will be sent to cardholders by SMS.
• Cardholders may call 24-hour service hotline for enquiries, report of lost card and other consultation anytime and anywhere.

• The bonus points scheme can be divided to the NWDS VIP bonus scheme and that of the Bank of Communications.
• NWDS VIP bonus points : bonus points are recorded in the IC of the card; the bonus points are valid within 3 years and is the same as the validity period of the co-branded card; VIP bonus points can be used for gift redemption at NWDS.
  Note : NWDS bonus points can only be accumulated by using the co-branded card or cash payment.
• Bank of Communications bonus point scheme : All transactions made by the co-branded card can be accumulated as bonus points at Bank of Communications; Bonus points are valid within 2 years from the date the card is issued; You can earn 1 bonus point in every RMB 1 transaction and 8 bonus points at every USD 1 transaction at Bank of Communications (except specific transactions); these bonus points can only be used for redeeming NWDS cash coupons. For every 5,000 bonus points can redeem one NWDS cash coupon of RMB 15. No redemption can be made with less than 5,000 points.

3. Specific value-added services

• Enjoy discount by spending at around 7,000 business outlets associated with the Bank of Communications across the entire country.
• Bank of Communications offer you free shopping insurance which covers : Effective on the date of card issuance, card holders are entitled to insurance coverage for lost of commodity bought at NWDS arising from any natural disasters or burglary at home(partial home insurance). The insurance also covers lost of commodity bought at NWDS during the delivery or usage of it because of any natural disasters or theft. The maximum coverage for standard card is RMB5,000 while for premier card is RMB50,000.
• Additional discount is offered to cardholders during special promotions or sales period. It depends on the benefits offered by specific stores.
• Standard cardholders can enjoy benefits and services equivalent to NWDS VIP cardholders.

4. Exclusive benefits for Premier Card

• Free benefits include waiving the password letter administration fee(including urgent charge), extra bank statement printing fee, lost card processing fee, overseas lost card processing urgent charge and overseas lost card urgent replacement charge.
• Enjoy benefits and services equivalent to NWDS Platinum VIP cardholders.

Appendix : Introduction to payment by installment
The nation-wide interest-free installment payment scheme introduced by Bank of Communications allows cardholders to use this benefits without limitation to specific merchants or commodity.

To Apply :

1. With every RMB 1,500 or USD 100 one-off transaction or, you can enjoy 6-month, 9-month, 12-month or 18-month installment upon the cardholders' own choice;
2. Call 800-988-8888 or 021-5352-9888 for application 2 days after the transaction is made or before the payment is due;
3. Provide details of this application and the transaction to the customer services officer;
4. The application is accepted.

Interest rate table :
With every RMB 1,500 transaction or above, the monthly interest rate is 0.72%; With every RMB 6,500 transaction or above; the monthly interest rate is 0.70%; With every RMB 12,500 transaction or above; the monthly interest rate is 0.68%. Minimum monthly service charge is RMB 10.8. (Please refer the following table for details)

This scheme does not apply to the following transactions: