At present, most of the credit cards issued are dual-currency credit cards in RMB and USD, and a few banks have issued all-currency international credit cards with chips. People use dual-currency credit cards abroad. At the time of settlement, the card issuer will convert the local currency consumed by the cardholder into US dollars for bookkeeping (if the local currency is US dollars, it will be directly credited to the US dollar account). When you return home, you need to use RMB to buy dollars at the exchange rate of the day for repayment. However, if people use all-currency credit cards, in consumption abroad, the card issuer will give the bank a preferential price to be credited to the RMB account at the time of settlement, and repay the loan at this preferential price after returning home. Some card issuers not only reduced or exempted 1.5% currency exchange fee for domestic all-currency credit card holders, but also gave 5% cash back to cardholders who swiped their cards to a certain number and amount.

Industry insiders suggest that people who plan to travel abroad had better apply for full-currency credit cards, which will be more cost-effective. For those who have already used the dual-currency credit card to overdraw their consumption, if the foreign currency exchange rate is expected to strengthen, prepayment can reduce the expenditure on foreign currency exchange.

Can China Bank credit card virtual card pay US dollars online?

If the physical credit card of China Bank has a foreign currency account, the virtual card can also conduct foreign currency transactions.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.

Can I buy foreign exchange with a bank credit card?

Can't buy foreign exchange.

The process of purchasing foreign exchange is as follows: 1. I bring my valid ID card to the bank to open a foreign exchange trading account, sign a personal firm foreign exchange trading agreement, deposit foreign exchange, or transfer the existing cash account deposit to a bank that offers personal foreign exchange trading business; Handle the account opening procedures for online transactions and telephone entrusted transactions.

2. If over-the-counter transactions are adopted, there is no limit on the initial amount of accounts opened by Bank of China and Bank of Communications, and the initial amount of accounts opened by Industrial and Commercial Bank of China and China Construction Bank is USD 50; For telephone transactions, the starting amount for opening an account for Bank of Communications is USD 300 equivalent in foreign currency, and that for ICBC is USD 100 equivalent in foreign currency.

Can I pay dollars with my American account by credit card?

Your American account can pay US dollars by credit card. Because American id payment can only be bound to bank cards or credit cards, your American account can be paid in US dollars by credit cards, and bank cards need to be issued in the United States. The easiest way is to buy a gift card in official website and use the China credit card issued by UnionPay.

How do I know the exchange rate when I pay US dollars by credit card?

Will be divided into the following situations

First brush the foreign currency and take the UnionPay channel, and exchange it according to the dynamic exchange rate dcc at that time.

Second, the dual-currency credit card swipes US dollars through VISA or MasterCard, that is, the actual amount of the credit card is recorded, and the subsequent cardholders need to purchase foreign exchange for repayment, which is converted according to the foreign exchange selling price of the issuing bank on the repayment date.

Third, if it is a full-currency credit card, look at the specific regulations of the issuing bank. Some issuing banks are exempt from 1.5% foreign exchange handling fee. Some issuing banks are converted at the preferential exchange rate operated by the issuing bank.

So much for the introduction of buying dollars by credit card.