Dual currency credit card

definition

A dual-currency card refers to a credit card that has both a RMB account and an account. Generally, the "UnionPay" logo is affixed to the upper right corner of the front of the card, and the logo of VISA, JCB or MasterCard is affixed to the lower right corner.

Now VISA or MasterCard dual-currency credit cards can be used in more than 200 countries, making it more convenient to find consumer merchants.

superiority

Currency exchange fee/In the case that foreign exchange has not been fully liberalized, the dual-currency card has brought convenience to people's consumption settlement for outbound travel. Make RMB and RMB freely convertible within a certain amount.

disadvantaged

Dual-currency credit cards are settled in RMB in China. If you swipe your card abroad, it will automatically enter the settlement system. Depending on the type of card, it will be converted into US dollars or euros first, and then converted into local currency when it is not spent in US dollars or euros. When they are repaid, they will be converted again and again. Because of the currency conversion, they will be charged 65,438+0% to 2%.

When you come back to repay, you need to change money first, and there will be a currency conversion fee.

The difference between dual-currency credit card and full-currency credit card

The difference between full currency and dual currency is as follows:

A dual-currency card refers to a credit card that has both a RMB account and an account. Dual-currency credit cards are settled in RMB in China. If you swipe your card abroad, it will automatically enter the settlement system. Depending on the type of card, it will be converted into currencies of different countries, and will be remitted when repaying, which will generate certain handling fees.

The main function of all currencies is to exempt currency conversion fees and handle the transaction needs of all currencies. No matter where you spend money, you can repay it directly in RMB after returning home, and you can also avoid the formalities of purchasing foreign exchange.

China Merchants Bank's all-currency international credit card (also known as all-currency card) is a signed all-currency international credit card jointly launched by China Merchants Bank and VISA. The card supports VISA bank, and no matter what currency, the foreign exchange handling fee of 1.5% is exempted for consumption or withdrawal. All transactions are automatically purchased in RMB and only need to be repaid in RMB. At the same time, the card has a high travel insurance gift.

China Merchants Bank's all-currency international credit card only issues VISA single-currency cards with only one card face, which is a personal card product issued by China Merchants Bank for overseas travel and online shopping. In order to provide more convenience for cardholder consumption abroad to swipe his card, reduce the customer's consumption abroad currency exchange fee, better enhance the customer experience, and strengthen the product positioning of China Merchants Bank's credit card as "the first choice in consumption abroad".

In addition to the basic functions, China Merchants Bank's all-currency international credit card also has the following functions:

(The credit card service provided by VISAsignature and the exclusive courtesy of tens of thousands of selected preferential merchants (hotels, restaurants, entertainment, shopping and leisure products) in more than 200 overseas countries and regions.

(2) All-currency consumption and repayment in RMB. No matter where the card is traded in the world, it can be automatically converted into RMB, and you only need to repay it in RMB.

(three) full monetary consumption, free of currency exchange fees. No matter when, where and how you use this card to spend or withdraw cash, the currency exchange fee of 1.5% will be exempted.

(4) Giving away high travel insurance. With this card, you can buy my air ticket in full or pay 80% or more of my tour fare, and you can get up to 2 million yuan of travel inconvenience insurance and aviation accident insurance for free without going through any formalities and paying any fees.

What does a dual-currency credit card mean?

Unlike domestic credit cards, dual-currency credit cards are credit cards that can be used outside China. It is called dual-currency card because it usually supports RMB non-RMB transactions, among which RMB dollar is the most common. So, the problem is that even if the dollar is very universal, it is not used in all countries, such as Britain, Japan and Thailand. It's too much trouble to apply for a credit card in the corresponding currency when traveling. However, if you don't do this, you will be charged an additional currency conversion fee of about 1.5% when you swipe your card in these non-dollar countries. It doesn't look like much, but it adds up to a lot of extra expenses. Therefore, I personally suggest that you can choose the blue all-currency international credit card of China Merchants Bank and American Express, and all purchases in the world can be exempted from 0 foreign exchange handling fee. In addition, the rights and interests of this card are not bad, such as giving high travel insurance, cash back from Haitao, cash back from consumption abroad and so on. And you can get more wool when you travel.

This is the end of the introduction of dual-currency credit card, and how to settle accounts with dual-currency credit card. I wonder if you have found the information you need?