Card friend example
Ms. Shen and her wife traveled to Europe not long ago, and they mainly used euro credit cards for spending abroad. After returning to China, she found that although she used euros overseas, she only accepted RMB cash for repayment. If she wants to repay in euros, she can only purchase foreign exchange in RMB in her account, and the extra euro cash on hand can only be sold to the bank and cannot be directly used for repayment.
analyse
Euro credit cards can only be repaid in RMB, mainly because many banks have issued dual-currency credit cards in RMB and Euro, but considering the cost factor, they have not applied for a euro cash business license. To put it simply, most bank dual-currency credit cards do not open the euro cash repayment channel, so they do not support direct repayment in euro cash.
Most dual-currency international credit cards are two accounting channels. Take RMB/Euro dual-currency credit card as an example. When receiving the euro bill, customers can choose to repay directly in euros or purchase foreign exchange in RMB. If it is a RMB bill, you can only repay it in RMB.
However, even if the euro card is repaid in RMB, there are still some points to pay attention to:
1. Confirm whether the function of "Automatic Purchase of Foreign Exchange for Repayment" is enabled on your Euro Card. If this function is not enabled, even if you have more RMB deposits in your debit card, you will not automatically purchase foreign exchange to repay foreign currency arrears on the last repayment date.
2. Before purchasing foreign exchange by telephone for repayment, the amount of RMB deposited should be appropriate and generous. As the exchange rate will fluctuate, once the cardholder fails to deposit enough money, the repayment will fail.
3. Under normal circumstances, the purchase of foreign exchange by telephone can be received in real time, but special circumstances are not excluded. Therefore, it is best for cardholders to apply two or three days after the final repayment.