Which bank card is best for traveling abroad?

When traveling abroad, we often encounter some questions, that is, what kind of credit card should we choose? So, today, the editor will take you to know which bank card we use when going abroad. For those who don’t know yet, let’s find out together!

Bring foreign currency change, debit card, and dual-currency card

When traveling abroad, you need to leave enough change because you have to pay certain tips and self-paid items. If you don’t want to carry too much cash, you can withdraw foreign currency from overseas ATMs. Some foreign banks, such as Bank of China, Industrial and Commercial Bank of China, and China Merchants Bank, have overseas ATMs that can provide help when there is insufficient cash.

However, since most banks charge a certain fee at overseas ATM machines, it is better to swipe cards for outbound consumption, which is relatively cost-effective.

In order to use cards safely, you need to carry more than two cards with you. It is best to carry a debit card with a certain amount of RMB in it, because it can also be used on overseas UnionPay card readers.

Dual-currency cards generally require you to bring a VISA and MasterCard dual-currency recognition credit card, so you don’t have to worry when traveling abroad.

Wherever UnionPay cards are accepted, try to use UnionPay logo cards

When traveling abroad, in many areas, currencies other than the US dollar can be used for settlement, including pounds, euros, Hong Kong dollars, Japanese yen, etc. Although some can be settled in US dollars, there will be currency conversion issues and currency conversion fees will need to be paid.

And if you want to swipe your card through non-UnionPay channels, you need to convert other currencies into US dollars and then into RMB. Because of the two conversions, the exchange fee is relatively high.

Therefore, try to use UnionPay cards when making purchases overseas in areas where non-USD currencies are used for settlement. Before consumption, it is best to indicate to the merchant to use a Chinaunion card machine.

At present, UnionPay’s POS machines have certain coverage in the Asia-Pacific and some European and American regions. They are more suitable for non-US currency settlement and are very suitable for our overseas consumption.

Try to consider bank credit cards that offer aviation insurance

Nowadays, most bank credit cards have certain aviation accident insurance, so cardholders can choose their own credit card when traveling overseas.

European and American travel: select card type according to currency

The currencies in circulation in Europe and the United States are different. At present, all major domestic banks have launched dual-currency credit cards to meet the needs of different groups of people, such as the Euro card launched by Bank of China, China CITIC Bank, and Minsheng Bank, the British pound card of Bank of China, the JCB Japanese yen card of Bank of China, and the Australian dollar card of Minsheng Bank. Card.

There are many ways to win the credit card war for foreign consumption.

It should be noted that most of the current dual-currency credit cards are RMB/USD dual-currency credit cards, so the accounting standard currency of countries whose common currency is not the US dollar is the local currency. During settlement, the local currency must be converted into U.S. dollars based on the exchange rate on the day of consumption, and the U.S. dollars must be converted into RMB based on the exchange rate on the day of customer repayment.

Therefore, it is advisable to choose a Euro card for consumption in Europe. You can directly use Euros or RMB to purchase foreign exchange and repay, which can successfully eliminate the need for U.S. dollar exchange rate conversion.

Travel to China, Hong Kong and Macau: UnionPay card is the first choice

Hong Kong and Macau can be said to be a city full of sex and desire. It is not easy to keep your wallet tight under the temptation of delicious food, flagship stores, and sea-view rooms.

How to save currency conversion fees for credit card purchases? Compared with MASTER and VISA international cards, you have to pay a handling fee of about 1% to the card-issuing bank. UnionPay cards save you a lot of money.

In addition, since the payment currency of UnionPay cards is RMB, repayments can be made directly in RMB, which also brings a lot of convenience to cardholders.

Travel Tips

In many overseas areas, you do not need to enter a password when swiping a card, you can pay directly by signing! So please be sure to keep your bank card safe! It is necessary to carry several credit cards when traveling abroad, not only to make consumption safer, but also to provide an overdraft in case of emergencies.

The final reminder is that cardholders must repay on time to avoid affecting their credit limit and credit history.

Well, if you still don’t know which credit card is suitable for us to carry abroad, then consider the editor’s suggestions!