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What does China Merchants Bank Foreign Currency Single Label Card mean?

Single-label credit card means a credit card with only one card organization logo.

UnionPay single-label credit cards refer to credit cards with only the UnionPay logo on them. The so-called foreign currency single-label credit card products refer to various types of foreign currency single-label credit cards issued by banks that join VISA, Master Card, JCB, and American Express bank card organizations. Mark credit card.

When using a single-logo UnionPay card overseas, you can directly spend or withdraw money in local currency, debit your RMB account, and waive the currency conversion fee of approximately 1% to 2% of the transaction amount, and there is no need to bear the cost of currency conversion. Risks of exchange losses and exchange rate fluctuations that arise during the process.