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US based Union Pay card?

Old Mar 30, 2016, 8:36 pm
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US based Union Pay card?

Does such a thing exist? No particular need for one... Mostly want one for hack value. Just like the JCB card issued by JCB USA!
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Old Mar 30, 2016, 10:54 pm
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Unfortunately I don't think there are any. I do wonder though--is that due to the terms of Discover's deal with them or are there other factors involved?
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Old Mar 31, 2016, 4:23 am
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Originally Posted by tmiw
Unfortunately I don't think there are any. I do wonder though--is that due to the terms of Discover's deal with them or are there other factors involved?
Which merchants in the U.S. accept Union Pay?

This is your answer.
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Old Mar 31, 2016, 6:35 am
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Originally Posted by garykung
Which merchants in the U.S. accept Union Pay?
All* of the ones that accept Discover. You can even see the UnionPay network logo at places from Sam's Club to Saks Fifth Avenue.
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Old Mar 31, 2016, 11:34 am
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Closest place to get one is Canada.
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Old Mar 31, 2016, 12:17 pm
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Is it practical to open an account in Canada as an American?

Looks like Hong Kong might be an option as well... Looks like all the big banks have kinda steep minimum balances or high monthly fees...
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Old Mar 31, 2016, 12:53 pm
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I don't think there's much paperwork involved if you just want a prepaid card. If you want a full bank account, it's still really not too much work- fill out the form, give them your SSN for FATCA reporting purposes, and you get a bank account with UnionPay debit card. The selling point in Canada is that it's only got a fixed foreign ATM fee whereas most banks charge a fixed fee and 2.5%+ on top.

However, the only bank that issues them charges C$4 a month if you don't maintain a minimum C$1000 balance. It used to be completely free, but they changed that last year.
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Old Mar 31, 2016, 5:46 pm
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Originally Posted by jamar
I don't think there's much paperwork involved if you just want a prepaid card. If you want a full bank account, it's still really not too much work- fill out the form, give them your SSN for FATCA reporting purposes, and you get a bank account with UnionPay debit card. The selling point in Canada is that it's only got a fixed foreign ATM fee whereas most banks charge a fixed fee and 2.5%+ on top.

However, the only bank that issues them charges C$4 a month if you don't maintain a minimum C$1000 balance. It used to be completely free, but they changed that last year.
Can you point me towards this bank?

Thanks!
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Old Mar 31, 2016, 8:17 pm
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UnionPay started in China and was used mostly around Asia. They wanted to start their own network so they are sort of like Discover and JCB from Japan.
I don't think that any US banks issued those cards as there's no demand for them here. Perhaps, in Canada because they have a lot of expats from Asia.
UnionPay does have reciprocity agreements with most US banks and Discover. You're able to use their cards at over 90% of ATMs in North America. There's also an increasing number of merchants accepting it such as Amazon. Expect possibly a lot of fees just to manage to get one so it may not even be worth it.
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Old Mar 31, 2016, 8:32 pm
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Originally Posted by jamar
I don't think there's much paperwork involved if you just want a prepaid card. If you want a full bank account, it's still really not too much work- fill out the form, give them your SSN for FATCA reporting purposes, and you get a bank account with UnionPay debit card. The selling point in Canada is that it's only got a fixed foreign ATM fee whereas most banks charge a fixed fee and 2.5%+ on top.

However, the only bank that issues them charges C$4 a month if you don't maintain a minimum C$1000 balance. It used to be completely free, but they changed that last year.
Are you sure they don't ask for a proof of address in Canada? Last time I inquired, they asked for that and a SIN.
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Old Mar 31, 2016, 8:35 pm
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Originally Posted by MVF Trekker
Are you sure they don't ask for a proof of address in Canada? Last time I inquired, they asked for that and a SIN.
I'm pretty sure ICBK doesn't ask for a SIN or proof of address. You just provide an address, ideally one you can receive mail at. I believe they do this to accommodate Chinese people who aren't yet resident in Canada but need an account ready on arrival.
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Old Jun 16, 2016, 4:18 pm
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Looks like I'm not the only person interested in a US based UnionPay card... ICBC-US looks like they will be launching cards in July!

See here.

Is anyone in the NYC or SFO area able to visit a branch in person and see if more details are available?

--D
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Old Jun 16, 2016, 4:28 pm
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Is it a foregone conclusion that this will be limited to New York, California, and Washington (ala JCB USA)?
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Old Jun 16, 2016, 5:16 pm
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Originally Posted by photaco
Is it a foregone conclusion that this will be limited to New York, California, and Washington (ala JCB USA)?
I hope not! There's a press release from April that sure makes it sound like it won't be geographically restricted...

http://en.xinfinance.com/html/Indust...6/218098.shtml

Hoping someone local can find out...
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Old Jun 16, 2016, 7:29 pm
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ICBC had ads all over the seattle chinatown station. Literally every billboard. Unfortunately the card pictured was a regular Visa, Not even a signature. Small chance it may be co-branded with Union Pay (perhaps on the other side of the card?) though...
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