Bank of China credit card overseas consumer insurance transaction limit rules
According to regulatory regulations, the use of domestic cards overseas to purchase life insurance, investment and financial insurance and other businesses will be restricted, so there may be If the credit card swipe is unsuccessful, we apologize for the inconvenience caused to you (the amount of additional deposits on the card is also limited).
Note: Domestic cards are used for transactions at overseas insurance merchants, and the MCC is one or more of 5960, 6300, 6381, 6399, 7299, a single transaction exceeds the equivalent of 5,000 US dollars, and the cumulative transaction amount on the day is Above 20,000 USD (or 2,300,000 yen).
The above content is for your reference, please refer to actual business regulations.
Restrictions on the overseas consumption amount of Bank of China credit cards? 2022
1. Limits for overseas consumption of domestic UnionPay cards: China UnionPay imposes restrictions on overseas consumption of UnionPay cards in accordance with the regulations of the State Administration of Foreign Exchange. Restrictions include three categories: complete prohibition, amount limit and complete liberalization. The amount of a cardholder's single transaction at amount-limited merchants must not exceed the equivalent of US$5,000. Whether card consumption is subject to the amount limit depends on the type of merchant submitted by the merchant. At present, the setting and management of transaction limits for UnionPay debit cards rests with the issuing bank itself. UnionPay only plays a regulatory and management role. Therefore, whether there is a limit for consumption at overseas merchants that are fully liberalized will be based on the needs of risk control. Domestic card-issuing banks control large-amount consumption limits for POS transactions of our bank's debit cards in overseas regions (mainly Macau). For details, please consult the card-issuing bank. 2. Withdrawal limits for domestic UnionPay cards at overseas ATMs: The withdrawal limits for domestic UnionPay cards at overseas ATMs are as follows: (1) The cumulative cash withdrawals for each card per day (based on the daily cutoff time of 23:00 Beijing time) shall not exceed the equivalent of 10,000 yuan. RMB. Various overseas countries and regions have different limits on the amount of a single ATM withdrawal. Please refer to the instructions of the local machine for details. (2) The total number of bank cards (including supplementary cards) under an individual’s name shall not exceed the equivalent of RMB 100,000 per calendar year. The above content is for reference only, and the latest business rules shall prevail.
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China What is the maximum daily credit limit for bank Great Wall Card swiping overseas? Are there any handling fees?
The default value of the overseas POS consumption limit at the product level is: the daily cumulative overseas consumption limit of ordinary cards (including co-branded cards) is 1 million yuan by default, and the daily cumulative overseas consumption limit of the Bank of China Wealth Management VIP Card is the default 3 million yuan, the cumulative daily overseas consumption limit of BOC Wealth Management VIP Card is 5 million yuan by default. If the default overseas consumption limit cannot meet your payment needs or the default limit is too high, you can go to any online branch of Bank of China with your card and your valid ID to adjust the POS consumption limit.
The above content is for your reference, please refer to actual business regulations.
That’s it for the introduction of credit card overseas consumption limit.