We all have one or two credit cards. They may be of different types. Credit cards can be classified in many ways. From the currency point of view, it can be divided into single currency card, dual currency card and full currency card. Generally, we are more exposed to single-currency cards and dual-currency cards. How about a credit card with dual currency? What are the advantages and disadvantages? Let me introduce it to you here.

What is a dual-currency credit card?

Dual-currency card refers to a bank card with both RMB account and foreign currency account. The card numbers of these cards mostly start with 4 or 5, and the "UnionPay" logo is affixed to the upper right corner of the front of the card, and the VISA or MasterCard logo is affixed to the lower right corner. Dual currency generally refers to US dollar, RMB or Euro and RMB.

Advantages of dual-currency credit card:

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 tourism. Make RMB and foreign currency freely convertible within a certain limit. You can save time and energy to a great extent, and you don't have to go to the bank to change money when you go abroad.

Disadvantages of dual-currency credit cards:

95% of dual-currency cards issued in China are only used in China, and transactions in foreign currency accounts do not exceed 5%. Most of the foreign currency accounts of dual-currency cards are idle, and the channels of overseas card organizations are occupied in vain. Some banks have to pay an annual fee for foreign currency accounts.

The above is the dual-currency credit card for everyone, as well as its advantages and disadvantages. In fact, on the whole, dual-currency credit cards are definitely good, but you need to choose according to your own needs. If you need to go abroad frequently, you'd better choose a dual-currency credit card. Only in China, a single-currency credit card will do.