It's best to use UnionPay cards when traveling to Hong Kong.

At present, the acceptance coverage of UnionPay cards in Hong Kong has exceeded 90%. UnionPay generally directly converts Hong Kong dollars into RMB according to the exchange rate of RMB against Hong Kong dollars on the day of card swiping, and the currency conversion fee is free.

However, if Hong Kong tourists use foreign cards such as VISA and MasterCard for shopping, they have to pay a currency conversion fee of about 65,438+0.5% of the consumption amount.

Extended data:

Credit card, also called credit card.

It is a non-cash transaction payment method and a simple credit service.

A credit card is a credit certificate issued by a commercial bank or a credit card company to eligible consumers.

Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

China's relevant laws ("NPC Standing Committee on

20 17 12 1, the English translation and writing standard for public services was formally implemented, and the English names of credit cards were specified.

Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.

There is no need to pay cash for credit card consumption, and it will be repaid on the billing day.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve funds according to regulations, and when the balance of the reserve fund account is insufficient, it can be overdrawn within the prescribed credit limit.

References:

Baidu encyclopedia-credit card