What kind of credit card should I apply for in Taiwan? (What is the best credit card to apply for in Taiwan)

What is the best bank card to use when traveling to Taiwan?

What is the best bank card to use when traveling to Taiwan?

The simplest answer is, mainland UnionPay cards that do not charge fees! In other words, the issuing bank does not charge UnionPay cards for overseas withdrawals and transaction fees!

When withdrawing UnionPay cards from ATMs in Taiwan, as long as it is an ATM with the UnionPay logo, you can directly withdraw Taiwan dollars. Banks in Taiwan do not charge handling fees, so as long as your card-issuing bank does not charge , which means there is no handling fee. When you use UnionPay cards to pay directly in Taiwan, banks in Taiwan do not charge any fees.

Most hotels, restaurants, department stores, etc. in Taiwan accept credit cards, whether they are Visa, Mastercard, American Express, or UnionPay credit cards. Credit cards have certain fees or exchange rate conversion fees. Please Check the card-issuing bank yourself.

Weibo @ Taiwan Free Travel has compiled a very detailed guide on exchanging money, withdrawing money by card, and using credit cards in Taiwan, which is very worthy of reference by friends who come to Taiwan.

If you come to Taiwan for short-term travel, exchange, exchange, business, etc., you can save some money by having a useful UnionPay card.

In addition, UnionPay’s exchange rate is very conscientious, almost better than the exchange rate of most banks. Therefore, there are many benefits to using UnionPay.

The following are instructions for exchanging money, using money, swiping cards, etc. in Taiwan:

1. Exchange RMB cash for Taiwan dollars

1) Taoyuan, Songshan, Kaohsiung Xiaogang Exchange RMB for NT$ at counters such as Bank of Taiwan and Mega Bank at the airport: a handling fee of NT$30. Exchange Taiwan dollars back to RMB: handling fee is NT$100. There are nearly 100 bank counters for money exchange in Taoyuan Airport Terminals 1 and 2 before entering customs, at the baggage claim area, and after exiting customs.

2) Chunghwa Post (Post Office Savings Department) exchanges RMB for New Taiwan Dollars: no handling fee.

3) The limit for carrying cash in and out of Taiwan is 20,000 yuan per person. If you exceed the amount, you must declare it. The excess amount can be deposited with the customs and can be taken away when you leave. If it is not declared, it will be confiscated if found.

4) There are many banks in the city that can exchange money. There are currently 41 banks (2825 branches in total) and 140 exchange institutions that can exchange RMB for New Taiwan dollars, such as: Bank of Taiwan, Cooperation Treasury Commercial Bank, Taiwan Land Bank, China Trust Commercial Bank, Yuanta Commercial Bank, Cathay Pacific Commercial Bank, Mega International Commercial Bank, Taiwan Small and Medium Enterprise Bank, Changhua Commercial Bank, Shanghai Commercial and Savings Bank, First Commercial Bank, Taipei Fubon Commercial Bank, South China Commercial Bank, Kinmen County Credit Union, etc.

There is no handling fee for money exchange at these banks, but mainland tourists must present relevant identity documents, such as entry and exit permits (Taiwan Entry Permit), or dependent residence permits, or long-term residence permits before they can exchange money. , please have your documents ready when exchanging money at the bank. Some banks will also require you to show your Chase ID card or passport (Taiwan often requires dual documents).

5) Other places where you can exchange RMB for New Taiwan Dollars: Kaohsiung Dream Mall, Taipei 101 and other department stores.

2. Use a UnionPay debit card to withdraw Taiwan dollars directly

In Taiwan’s ATMs, you can withdraw cash directly with a bank card (not a credit card), and the exchange rate is higher than cash exchange.

1) Currently, more than 80% of the 16,100 ATM machines in Taiwan have the UnionPay logo, and they are located in ATMs in tourist spots frequently visited by mainland tourists such as the National Palace Museum in Taipei, Taipei 101, Sun Moon Lake, Alishan, and Taroko. , as well as ATMs with the UnionPay logo in convenience stores such as 7-ELEVEN and FamilyMart, you can use it directly. To withdraw Taiwan dollars with a UnionPay card (the RMB in your account will be deducted), if you can't find an ATM machine, you can go to a convenience store such as 7-11, FamilyMart or the post office. They all have ATMs with the UnionPay logo. Most ATMs in Taiwan can only withdraw up to NT$20,000 in a single withdrawal using mainland cards. The latest requirements from the Mainland China Administration of Foreign Exchange: cash withdrawals overseas with UnionPay RMB cards in China should not exceed the equivalent of NT$10,000 per card per day

2) There are more than 6,000 merchants in Taiwan that accept mainland China UnionPay cards, especially department stores and other shopping places, so you can rest assured. However, some street shops and night markets still require cash. The consumption methods that can be considered are: buy small things in Taiwan dollars, and pay large amounts of money directly with a card (credit card or UnionPay card), so as not to have to carry a lot of cash with you or have to find a place to change money all the time.

Information on charges and other information for overseas withdrawals with mainland bank cards (not the most comprehensive and up-to-date, friends should check by themselves before departure)

Tips:

1. Mainland China The Administration of Foreign Exchange issued new requirements: starting from 2016, overseas cash withdrawals with UnionPay cards will be limited to 100,000 per year, but there is no limit for overseas card payments.

2. Since credit card withdrawals require overdraft interest, cardholders are advised to use UnionPay debit cards (deposit cards) for overseas withdrawals.

3. UnionPay debit card consumption guide

When you go to Taiwan, don’t forget to bring a UnionPay card (starting with 62, with the “UnionPay” logo on the card, the same below). In Taiwan, you can use UnionPay cards to make purchases at tens of thousands of merchants, and there are often discounts.

There is no need to pay currency conversion fees when using UnionPay debit cards or making purchases or withdrawing funds through the UnionPay network overseas.

The amount of New Taiwan dollar transactions in Taiwan with UnionPay cards from mainland China will be directly converted into RMB at the market exchange rate, and will be credited to the cardholder's RMB account immediately by the card-issuing bank. There is no need to apply for a new card. All bank cards with the UnionPay logo that you use every day can be used in Taiwan.

UnionPay business will be launched in August 2009

Local service hotline: 00801-863-287/00-800-800-95516 (for mobile phones only)

Scope of POS card consumption

All merchants with the UnionPay logo can accept UnionPay cards. A small number of merchants may not have posted the "UnionPay" logo. Cardholders can actively present their UnionPay cards and ask the cashier whether they can use them.

Merchant Features

Currently, more than 70% of merchants in Taiwan can accept UnionPay cards and have become UnionPay card merchants, including major department stores, restaurants, hotels, local specialty stores, and airport duty-free shops. , high-speed rail, Taiwan Railway and Taiwan fleet taxis can all accept UnionPay card consumption.

Accepted card types

UnionPay credit cards (starting with "62", with the "UnionPay" logo printed on the card surface)

Debit cards with the UnionPay logo, Including salary cards, savings cards, financial cards, etc.

Warm reminder

If you use a dual-logo card, it is recommended that the cardholder actively asks the cashier to choose the UnionPay network to ensure that you can enjoy the various benefits of the UnionPay network. Since credit cards have certain consumption limits, it is recommended to use UnionPay debit cards for large purchases. Debit card consumption is only limited by the account balance. Special reminder: For self-protection, the consumption limit set by the cardholder or the card issuer may affect the consumption limit. Cardholders are advised to contact the card issuer for resolution.

Relevant charges

When using UnionPay cards to make purchases at merchants, cardholders do not need to pay handling fees.

4. Credit card consumption strategy

1. Most department stores, shops, hotels, hotels, restaurants, high-speed rail, etc. in Taiwan accept credit cards. The credit card is recognized regardless of the bank that issued the card. International credit cards such as UnionPay, VISA/Mastercard/AmericanExpress can be used as long as the card has these marks.

2. Credit card preparation: Before leaving the country, please call the bank hotline to report the place you are going to and the time of stay. If possible, it is best to leave your contact information or always pay attention to the bank's reserved email. When using cards overseas, please try to swipe them at regular, large merchants. Don’t let the credit card out of your sight. The back of the credit card must be signed. It must be used by yourself and not borrowed from others. When you have access to the Internet, please check your credit card statement through online banking to see if there are any unusual purchases.

3. When spending with a credit card overseas, is it calculated in US dollars? Taiwan dollar? RMB? Does each bank have different regulations? How much more service fee will be charged? What is the exchange rate? You can only ask your card issuing bank first.

Conclusion: Credit cards are a great tool for high-ticket purchases and for booking hotel rooms, etc. If you have a credit card, you can bring it with you when you come to Taiwan.

If I want to go to Taiwan, what kind of credit card should I apply for? Or bank card?

============

1. Credit cards can be used in larger stores and restaurants in Taiwan, but in general, small restaurants and restaurants do not accept credit cards. Must pay cash. Overall, the chances of using cash are greater than using cards, unless you only go to high-end places.

2. Visa and MasterCard are the most commonly accepted credit cards in Taiwan. Many places do not accept JCB, AE, and Diners Club, and UnionPay cards are not accepted.

3. In addition to dual-currency credit cards, China Construction Bank has UnionPay MasterCard’s Letangjia Platinum Card, which can be used overseas. The LeDangJia Platinum Card itself is a UnionPay card and does not require overdrafts. It is convenient for family members to deposit money into their accounts in mainland China and to use it overseas. Credit cards can also be used to withdraw cash from ATMs. However, no matter what kind of mainland card you use, you must pay attention to spending in Taiwan dollars first, then converting it into US dollars, and then converting it into RMB. The handling fee for the two exchange differences will definitely be higher.

4. Bring RMB cash to any major bank in Taiwan and you can exchange it for Taiwan dollars. If you can’t use up all the Taiwan dollars, you can exchange it back for cash in RMB with the original exchange slip.

5. If you stay in Taiwan for a long time, you can buy U.S. dollar traveler's checks, which are safer and can bring a higher amount. The exchange rate of Taiwan dollars you can exchange at the bank is better.

Consumer prices in Taiwan are relatively high, with a lunch box costing nearly 15 yuan, so be careful when considering this.

I want to go to Taiwan. What currency is more convenient for consumption there? Can I use a VISA credit card?

New Taiwan Dollar (TWD, usually written as NT$), banknotes: 2000 (less circulated), 1000, 500, 200 (less circulated), 100; coins: 50, 20 (less circulated) Circulation), 10, 5, 1. The exchange rate is approximately 1:4.97, and some banks in Taiwan can directly exchange RMB and Taiwan dollars. But not all banks can exchange it, so it is more convenient to bring Hong Kong dollars or US dollars. And now there is a window for exchanging RMB for New Taiwan Dollars at the airport, which is very convenient; 7-11 convenience stores in Taiwan now have UnionPay machines, and you can directly withdraw cash (withdraw New Taiwan Dollars) with UnionPay cards.

Credit cards can be used in general shopping malls in Taiwan. Tourists need to use VISA and MasterCard dual-currency credit cards for consumption. However, you should pay attention to two points when using VISA cards: First, in many places in Taiwan, purchases of less than NT$1,000 cannot be swiped by card, and second, the handling fee for overseas card swiping is very high. Moreover, UnionPay cards are currently available in 18 banks across Taiwan, and they are basically all international banks in Taiwan, such as Fubon Bank. Therefore, it is recommended to withdraw money with UnionPay card.

I don’t know if you are traveling with a group or traveling independently. If you are traveling independently, you will have more options and have more fun. Moreover, independent travel in Taiwan may be launched in July. CYTS’s Aoyou.com now has an “online queue” You can check out the "Go to Taiwan" event.