Was exiting the Melbourne domestic terminal today and saw an ad for what I believe was China Construction Bank offering credit cards with 5% cashback on all purchases. The ad was half written in Chinese, I was in a hurry so I didnt get to read it properly.
Wondering if anyone else has seen this? I wish I took a photo.
According to Wikipedia, China Construction Bank "in 2011 was the second largest bank in the world by market capitalization".
I'm all for competition so something like this would be great if it was true.
Might have been advertising this? Seems like a short-term promotion on selected categories of spending. Not really competing with ING unfortunately.