Credit card repayment methods are mainly divided into two categories. One is that the cardholder binds a debit card of a peer and automatically associates the repayment. In this way, the system will automatically deduct the corresponding amount from the agreed debit card on the final repayment day of each period. Cardholders only need to ensure that their account balance is sufficient.

The other type is a card that is not bound to automatic repayment and requires the cardholder to repay through other channels, such as online banking, third-party payment platforms, and counter payment methods. Among the two types of repayment methods, the repayment methods for foreign currency accounts are different.

Bank credit card purchases of foreign exchange and repayment:

USD bills incurred for overseas consumption or foreign currency cash withdrawals can be repaid using RMB foreign exchange purchases, except for transactions prohibited by national laws. .

For the foreign exchange purchase amount, 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 information:

Notes:

1. After the foreign exchange purchase function is successfully set up, the RMB funds you deposit into your credit card will be given priority to purchase foreign exchange to repay the US dollar bill. .

2. If both the foreign exchange repayment function and the automatic repayment of the US dollar account are set up, the RMB repayment will give priority to purchasing foreign exchange to repay the US dollar bill. The self-deduction amount of the US dollar bill for the current period (full or The difference between the minimum amount and the agreed foreign exchange purchase amount will be deducted from the designated U.S. dollar automatic repayment account.

3. According to foreign exchange management regulations, the amount of foreign exchange purchased cannot be higher than the current US dollar bill amount.

4. Due to real-time fluctuations in exchange rates, cardholders are advised to be more relaxed when making deposits, because once they are unable to repay in full, all outstanding balances will be recorded with an interest rate of 0.05% per day starting from the day of consumption. Yes, this is very uneconomical for cardholders.

Baidu Encyclopedia - Everbright Bank Credit Card

Baidu Encyclopedia - Credit Card Repayment

Baidu Encyclopedia - Foreign Exchange Purchase and Repayment