Credit card repayment methods are mainly divided into two categories, one is that the cardholder binds the peer debit card to automatically associate repayment. In this way, the system will automatically deduct the corresponding amount from the agreed debit card on the last repayment date of each installment. The cardholder only needs to ensure that the account balance is sufficient.
The other is the card that is not bound with automatic repayment, and the cardholder needs to repay through other channels, such as online banking, third-party payment platform and counter communication. Among the two repayment methods, the repayment method of foreign currency account is not the same.
Repayment of foreign exchange purchased by bank credit card:
Except for transactions prohibited by national laws, US dollar bills generated in consumption abroad or by withdrawing foreign currency cash can be repaid by purchasing foreign exchange in RMB.
You can choose to purchase foreign exchange in full, or you can choose the minimum repayment amount or any amount lower than the current bill amount.
Extended data:
Precautions:
1. After the foreign exchange purchase function is successfully set, the RMB money you deposited in your credit card will be given priority to purchase foreign exchange to repay the US dollar bill.
2. If the function of purchasing foreign exchange for repayment and automatic repayment in US dollar account are set at the same time, RMB repayment will be given priority to purchasing foreign exchange for repayment of US dollar bill, and the difference between the self-deducted amount (full or minimum) set in current US dollar bill and the agreed amount of purchasing foreign exchange will be deducted from the designated US dollar automatic repayment account.
3. According to foreign exchange management regulations, the amount of foreign exchange purchased cannot be higher than the amount of cash.
4. Due to the real-time fluctuation of exchange rate, it is suggested that cardholders should be more relaxed when making deposits, because once they can't repay in full, all the arrears will be charged at the interest of five ten thousandths per day from the date of consumption, which is very uneconomical for cardholders.