Go to the counter with your ID card to apply. You can apply directly in RMB. When foreign currency consumption has generated a U.S. dollar bill, you can choose to activate the "U.S. dollar bill purchase and repayment" function.

After activation, your RMB repayments will be automatically converted into U.S. dollars, and your U.S. dollar bills will be repaid first (the conversion rate is the exchange rate on the day of payment), and the U.S. dollar bills will be paid off. Subsequent repayments will continue to pay off your RMB bill.

There are 3 ways to repay with U.S. dollars using China Merchants Bank credit cards:

1. Go to the counter to activate the self-service transfer function with the all-in-one card and credit card. You can purchase foreign exchange in U.S. dollars directly with the all-in-one card, or manually through online banking. Repayment.

2. If it is inconvenient to go to the counter, after purchasing U.S. dollars with one card, automatic deductions will be activated with your credit card.

3. Activate the function of purchasing foreign exchange with your credit card and repay RMB with one card.

Extended information:

Notes on using RMB to pay U.S. dollar bills:

1. If it is a non-U.S. dollar foreign currency transaction, it will be converted into U.S. dollars by the international credit card organization. Billed in USD. (During the above process, international organizations such as VISA and MasterCard will charge a 1.5% foreign exchange exchange fee)

2. The amount of foreign exchange purchased in the current period cannot exceed the amount of the current U.S. dollar bill, and the exchange rate for foreign exchange purchased is 10:00 on the day of repayment. Published USD selling price of China Merchants Bank.

3. If you set up the function of purchasing foreign exchange for repayment of U.S. dollar bills and the "automatic repayment" function of the U.S. dollar account at the same time, then your RMB repayment will have priority in purchasing foreign exchange to repay your U.S. dollar bills. The difference between the self-deduction amount (full or minimum) set for the current period of the bill and the agreed foreign exchange purchase amount will be deducted from your designated US dollar automatic repayment account.

4. After the automatic foreign exchange purchase is successfully set up, if the cardholder fails to repay the US dollar bill in full on the due payment date, if there is an overpayment in RMB in your credit card, our bank will automatically The corresponding amount will be deducted from your RMB overpayment to purchase foreign exchange to repay your US dollar bill.

Reference: China Merchants Bank_Foreign Currency Transaction Repayment