What is the best bank card to bring when going abroad?

It is generally recommended that you bring VISA and Master credit cards when going abroad. Although UnionPay cards can also be used for payment abroad, the payment scenarios are more limited and many merchants UnionPay cards cannot be used, but only VISA and Master credit cards are supported, so it is best to bring VISA and Master credit cards when going abroad.

Visa card

Visa card is the most convenient and can be used all over the world, but the application procedure is more troublesome and takes a long time. If you have a visa card, you can bring it with you for free. There is no need to worry about finding a dedicated cash machine.

Mastercard

Mastercard is also an internationally accepted credit card. It is similar to visa card. Basically all places in Japan where you can use credit cards to make purchases and withdraw money have the visa and Mastercard logos. However, Visa is more widely distributed and used by more people. MasterCard is also a good choice for international students, but similarly, its application procedures are more cumbersome and the time interval is longer.

JCB

JCB is also an international credit card, jointly issued by Japan’s three major banks, so it will be very convenient for you to choose to bring a JCB credit card if you go to Japan to study. Currently, domestic JCB double Most currency cards are RMB-USD dual-currency cards. Only Bank of China’s is a RMB-Japanese-Yen dual-currency card. However, since it is also a credit card, materials and time are definitely needed.

UnionPay Card

This is the most common card and the most common one in China. The application is quick and the materials are simple. However, this card is restricted in Japan and can only be used in certain places. For consumption and withdrawal in shops and banks, it is best to use a visa card. MasterCard cards can also be used to withdraw money and pay directly in many places. UnionPay cards have some restrictions and cannot be used everywhere. For example, Japanese post offices and Mitsubishi Bank can withdraw money, and the procedures are The fee is very cheap, and you can also directly swipe UnionPay cards in some places where foreigners gather.

Effective from January 1, 2016, the cumulative overseas cash withdrawals of each UnionPay RMB card in China shall not exceed the equivalent of RMB 100,000 per year. From October 1 to December 31, 2015, the accumulated value of each card shall not exceed the equivalent value of RMB 50,000.

For credit cards, due to credit limit and other reasons, the card-issuing bank may set a separate limit. Please consult the card-issuing bank for details. Various overseas countries and regions also have different limits on the amount of a single ATM withdrawal. Please refer to the instructions of the local machine for details.

For overseas ATM cash withdrawals with UnionPay cards from ICBC and China Construction Bank, handling fees are charged based on 1 plus RMB 12 of the cash withdrawal amount. ICBC stipulates a minimum of RMB 14 and a maximum of RMB 112. When using the China Merchants Bank All-in-One Card to withdraw funds from UnionPay system ATMs overseas, a handling fee will be charged at 0.5% of the amount of each transaction, with a minimum of 10 yuan per transaction.

What kind of credit card should I apply for abroad?

1. Apply for a credit card abroad. It is actually possible to use a domestic UnionPay credit card to spend money abroad, but the main foreign card organizations are Visa and MasterCard. , so most merchants do not have the conditions to use UnionPay cards.

2. In fact, in order to facilitate cardholders to spend abroad, all major domestic banks have launched a kind of credit card: full-currency credit card. With a full-currency credit card, you can make purchases at any merchant abroad. After the consumption is completed, it will be automatically converted into RMB. You only need to repay according to the RMB bill, which saves cardholders a lot of trouble.

3. It is recommended to use Bank of China’s all-currency international chip card - Bank of China EMV Gold Card, which is free of annual fees for life. No matter when, where and in which currency, when you use the card to make overseas purchases or withdraw cash, you will be exempted from currency conversion fees for cross-border transactions, with a discount of 1.5% of the transaction amount.

4. After turning on the global transaction RMB accounting function, all foreign currency transactions will automatically purchase foreign exchange and record it in RMB. You only need to repay the bill in RMB. If you turn off this function, you need to manually purchase foreign exchange and repay. payment.