Guidelines for saving money on overseas shopping: Use credit cards to get cash back on purchases and enjoy “saving money”

The domestic overseas shopping market has grown rapidly. In addition, the appreciation of the RMB in recent years has made overseas products more cost-effective, and consumers' enthusiasm for overseas shopping has continued to increase. In the face of the continuously growing overseas shopping crowd, many banks have recently launched their own exclusive overseas shopping platforms and preferential activities. The Visa Checkout payment method that has become popular in recent years has further improved the security of overseas shopping because it can protect personal and bank account information and data.

Industry insiders pointed out that regardless of safety or convenience, overseas shopping users should apply for a special credit card that can pay foreign currencies based on their own circumstances. For consumers who want to shop around the world, a full-currency credit card with "0 currency conversion fee" can save about 1% of the currency conversion fee.

In addition, electronic travellers’ checks also support many overseas shopping websites. Although processing electronic travellers’ checks requires a certain handling fee, many banks will occasionally launch discounts that waive the handling fees for electronic travellers’ checks. , so consumers can choose to purchase during the promotion period. According to senior sources, because electronic traveler's checks are highly recognized on foreign websites, the chance of being canceled by overseas shopping is relatively small.

On the other hand, understanding the overseas shopping-related discounts currently launched by major banks can also "save" the consumption of overseas shopping people. As the overseas shopping community continues to grow, many banks have launched relevant preferential activities, especially some cash back activities.

Not long ago, China Guangfa Bank launched a VISA exclusive overseas consumption to grab a Coach activity. As long as the overseas consumption or overseas online consumption, using Visa route yuan, and the top 450 customers in the monthly consumption amount can Receive a free Coach coin purse. The promotion of the just-concluded event is that if you spend a total of RMB 1,000 in a single month through Coach overseas shopping, you can enjoy 10% cash back (limit of RMB 2,000 per person per month).

China Construction Bank has also launched the “10% reward campaign for overseas shopping at the top ten famous stores” for the huge overseas shopping community. If the cardholder uses the Long Card global payment credit card with the UnionPay single logo (card number starting with 62) to spend at the top ten designated overseas online merchants including Amazon in the United States and Rakuten International Delivery, a single transaction can receive cash back as long as the equivalent value is US$100. 10%. Each cardholder can receive up to $60 in rewards per calendar month.

When shopping on domestic shopping websites, you need to log in with your username, enter your login password, payment password, mobile phone dynamic password, etc. The entire process requires you to enter your password almost four or five times. However, when shopping overseas on foreign websites, you only need to enter simple information such as credit card number, expiration date, CVV code, etc. Some websites even do not even need to enter a password. The safety of overseas shopping has always been a concern for many consumers.

In response to this problem, many banks such as China Merchants Bank and Everbright Bank have launched VisaCheckout payment services. On the one hand, while providing a convenient payment experience, the security of consumption on overseas websites is also guaranteed.

It is understood that unlike ordinary overseas shopping, when you enter information such as card number, validity period, CVV code, etc., you do not need to register or log in to an overseas merchant website that supports this service when using VisaCheckout. You only need to select products on the website. , find the Visa Checkout icon in the payment method, enter the VisaCheckout account email address and password, and then complete the payment. The goods will be delivered to the address filled in the VisaCheckout account in advance.

In this process, all information filling steps can be completed automatically through data interaction, which fully omits the information filling steps and greatly improves the user's overseas shopping experience. At the same time, since there is no need to register on the online shopping platform, and there is no need to enter a password or CVV code, sensitive transaction information will be retained in the VISA system, and security has also been improved.

In terms of credit card security protection, many banks have also introduced some security protection measures. For example, China Guangfa Bank has launched a "transaction switch" function. Cardholders can use the "transaction switch" to turn off the overseas transaction function when they are in China to prevent overseas transactions. When you are not shopping, you can also turn off the Internet switch in card-not-present transactions to close online transactions to ensure the safety of your funds.

In addition to some discounts, promotions and safety measures for overseas shopping, what other conveniences can you enjoy with a bank for overseas shopping? Citizens may wish to pay attention to the overseas shopping platforms with subdivided functions of major banks.

According to the staff of China Merchants Bank, in April this year, the "Travel·Overseas Shopping" channel of the bank's mobile client Palm Life App, in addition to providing visas based on various overseas travel needs of cardholders, In addition to "one-stop" services such as reservations and overseas consumption discounts, you can also view and purchase travel products. The VisaCheckout registration and login function launched by the channel simultaneously cooperates with Haigou Fengyun to help customers quickly obtain overseas transit addresses, allowing users to avoid the tedious steps of filling in card information and address information, and easily realize one-click registration on the mobile phone.

China Construction Bank recently joined hands with the online shopping transaction platform PayPal to launch the China Construction Bank PayPal exclusive overseas shopping platform. In addition to having hundreds of high-quality foreign merchants loved by Chinese consumers, PayPal also provides buyer protection services. When shopping, Dragon Card credit card customers only need to log in to their PayPal account and click on the bound CCB credit card to complete the payment without entering the card number. Users can report any problems to PayPal within 180 days from the date of purchase. Statement: The article comes from the Internet and is only for netizens to learn and communicate. If there is any infringement, please contact us to delete it.