Can China Merchants Bank's credit card be swiped in Korea?

China Merchants Bank's credit card can be swiped in Korea. Generally, China Merchants Bank's card has a dual-currency card of US dollars and RMB. If you see a sign of visa or master in a shopping mall in Korea, you can swipe your card. These two signs are Korean won converted into US dollars to pay, and you can use RMB to pay back US dollars when you repay. If there is a sign of UnionPay, it is recommended to tell the cashier to pay with UnionPay first, because there is no exchange fee for UnionPay payment, and UnionPay credit card is directly settled in RMB.

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What credit cards can be swiped in Korea

You can swipe UnionPay credit cards, JCB credit cards, VISA credit cards, American Express credit cards, MasterCard credit cards and other credit cards in Korea. Because Korea is located in Asia, UnionPay credit cards and JCB credit cards have a wide coverage in Korea, and cardholders can carry UnionPay credit cards and JCB credit cards to Korea.

Almost all signature acceptance merchants in Korea accept UnionPay credit cards. More than 1.74 million Korean merchants can use UnionPay credit cards for confidential payment, and nearly 68, local ATMs can use UnionPay credit cards to withdraw cash. With the expansion of business scope in unionpay international, merchants and ATMs supporting UnionPay credit cards will gradually increase.

use unionpay credit card to pay the bill directly in online shops of many duty-free shops in Korea, and the purchased goods will be sent directly to the airport. When you leave Korea, you can pick them up directly at the airport boarding gate.

unionpay credit card covers lotte duty-free shop, Silla duty-free shop, Hyundai department store, Asiana airlines duty-free shop, Watsons' department store, supermarket convenience store and cosmetics store. Most merchants post the UnionPay logo in front of the store, and a few merchants do not post the UnionPay logo. Cardholders need to take the initiative to ask the merchants whether they support UnionPay credit card payment.

JCB credit card originated in Japan, and it is popular in Korea, covering a wide range, and has established cooperative relations with many Korean merchants.

why do Koreans like to use credit cards

guided by government policies. Koreans like to use credit cards because of government policies. Credit card, also called debit card, is a credit certificate issued by commercial banks or credit card companies to qualified consumers.

can China merchants bank's credit card be used in Korea?

Credit cards with UnionPay and VISA logos can be used in places with UnionPay logos in Korea.

if you use the unionpay channel when swiping your card, the general transactions will be recorded in RMB, and you can repay the RMB directly after returning to China.

China UnionPay RMB card can withdraw cash from overseas, and the annual limit is added except that each card does not exceed the equivalent of RMB 1, per day.

from January 1, 216, the cumulative cash withdrawal from overseas for each UnionPay RMB card in China shall not exceed the equivalent of RMB 1, per card. During the period from October 1 to December 31, 215, the cumulative amount of each card shall not exceed the equivalent of RMB 5,. Overseas countries and regions have different restrictions on the amount of ATM single withdrawal, which is subject to the local machine tips.

Extended information

Credit card repayment methods

1. Within the issuing bank

This method includes: the counter of the issuing bank, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the money will generally be recorded after being processed by the system on the same day.

2. Transfer/remittance repayment

There are two ways: inter-bank in the same city and inter-bank in different places. No matter how to transfer or remit money, the remitting bank will charge a certain fee, and at the same time, the time of payment and the convenience of repayment are not as good as those in peers, online repayment and convenience store repayment.

3. Online repayment

The common online platforms in China are UnionPay Online, Kuaiqian, Shengfutong, Alipay and Tenpay. Different platforms and banks are selected, and the charging standards and the specific payment arrival time are different.