Probably not possible.

It is really tricky to choose a credit card when traveling abroad to make overseas consumption more cost-effective. Credit card experts said that there is not much difference in which bank's credit card you choose to use. The most important thing is to distinguish between dual currency cards and foreign currency cards.

There is a PK in saving money with dual-currency cards and UnionPay cards

When cardholders use dual-currency credit cards to make purchases overseas, they have to pay 1%-2% of the total transaction amount in one lump sum. Conversion fee and exchange rate risk. At present, most of the dual-currency credit cards provided in China are settled in RMB and US dollars. If the cardholder travels to a place where neither US dollars nor RMB can be used for settlement, when using a dual-currency credit card overseas, the local currency needs to be converted into US dollars. proceed to checkout. After returning to China, when repaying the loan in RMB, it is necessary to convert US dollars into RMB for calculation. In this way, two exchange rate conversions may occur, and there is a certain risk of exchange rate fluctuations, which may cause certain exchange rate losses to the cardholder.

Experts suggest that in overseas areas where RMB card swiping services have been opened, it is best to use UnionPay cards. Because when a card is swiped through UnionPay channels, the consumption amount will be directly converted into RMB according to the exchange rate and credited to the account, so no exchange fees will be incurred. This process only involves an exchange rate exchange process, and the RMB paid is the least.

UnionPay cards only have one exchange rate conversion, which can relatively reduce the cardholder’s exchange rate losses. However, overseas, VISA and MASTER have many outlets and are more convenient to use, while UnionPay cards have fewer outlets.

Choose the right foreign currency card to reduce exchange rate losses

The UnionPay network has not yet been fully rolled out. In some countries and regions, not every merchant can accept UnionPay cards. At this time, it is necessary to have a Visa, MasterCard or JCB credit card in your hand. In order to avoid currency conversion fees when swiping cards overseas, you need to properly choose a suitable foreign currency credit card before traveling abroad. Credit card experts suggest that when cardholders use credit cards abroad, it is best to choose a foreign currency card that is in the same currency as the local currency. If you want to travel to Europe, it is best to choose a Euro card, to Japan it is best to choose a Japanese Yen card, and to Hong Kong it is best to choose a Hong Kong dollar card.

Foreign currency cards are divided according to currency. The most common ones in China are US dollar cards, Hong Kong dollar cards, Euro cards and Japanese yen cards. Choosing the right foreign currency card can reduce exchange rate losses. When a U.S. dollar card is used in countries and regions where the common currency is not the U.S. dollar, such as Europe, the accounting currency is the local currency, which is the euro. The euros need to be converted into U.S. dollars during settlement, and the U.S. dollars are converted into RMB when repaying in RMB. calculate. This adds a foreign exchange conversion process, which will bring certain exchange rate losses to the cardholder. When using a Euro card, the billing currency and settlement currency are both Euros, which are directly converted into RMB, thus reducing some exchange rate losses.