Recently, regulatory authorities have required banks to stop issuing dual-label credit cards, which means that in the future, you will need to bring a UnionPay card and a single-label foreign currency card to use cards overseas. However, single-label foreign currency cards generally have two card organizations: visa and MasterCard. So, is it better to use a credit card organized by Visa or a single-label card organized by MasterCard?

In fact, whether it is Visa or MasterCard, they only have different card payment channels, and it is easy to incur currency conversion fees when using these two cards for overseas purchases, so we'd better bring them with us. A single-label foreign currency card that waives conversion fees for overseas purchases, and can also support RMB repayment.

As far as I know, major banks have launched many full-currency credit cards. These cards basically waive currency conversion fees, and can also use RMB to purchase foreign exchange for repayment, which is very comfortable. Well, here are three popular full-currency credit card single-label cards recommended to you.

1. China Merchants Bank’s all-currency international credit card

The main features are as follows:

1. The 1.5% foreign exchange fee is waived for any foreign currency consumption around the world. Repayment in RMB;

2. Chip + magnetic stripe, dual media for more security;

3. During the validity period of the card, the annual fee is unconditionally waived for life;

< p> 4. Repayment through UnionPay channels is not supported (including transfers from other banks, over-the-counter transactions, Xinpay Lakala, etc.);

Evaluation:

This card is also commonly used by everyone The card discussed has a decent appearance, and has functions such as free currency conversion fees for most all-currency credit cards, and RMB repayment for foreign currency purchases. Considering that the annual fee will be waived, you can apply for a backup card.

However, it is worth mentioning that the repayment channels of this card are limited and it does not support repayment through UnionPay channels (including transfers from other banks, bank transfers, Xinpay Lakala, etc.), and can only be transferred through our bank. For repayment, if you are a China Merchants Bank Platinum Card or above customer, you can apply directly online. New customers or regular card or gold card customers need to apply at any branch of China Merchants Bank.

2. Bank of China’s all-currency international chip card

The main features are as follows:

1. Overseas card consumption can be made anytime, anywhere, regardless of currency. Currency conversion fees can be waived, and the discount is 1.5% of the transaction amount.

2. Any foreign currency transaction can be automatically converted into RMB and entered into the account. You only need to use RMB for repayment, eliminating the cumbersome foreign exchange purchase procedures.

3. Platinum Card can accumulate double points for overseas consumption, and the points are permanently valid, and you can also enjoy value-added services such as high-value insurance.

4. Gold Card points can be redeemed for mileage on Air China, China Southern Airlines, Shenzhen Airlines and other airlines.

5. Apply before December 31, 2016 to waive annual fees for life.

Evaluation:

As the first of the four major state-owned banks, Bank of China’s credit cards are quite powerful. This all-currency international chip card has a high-end and classy appearance and an EMV chip. It has high security and is one of the must-have credit cards for overseas travel.

Especially in the future, dual-standard credit cards will fade out of the stage of Chinese credit card history. As a credit card with no annual fee for life, high security, and no currency conversion fee, the card will be used more and more frequently. .

However, this card has two types: gold card and platinum card. The platinum card is more difficult to apply for. Generally, only specially invited customers can apply. It is recommended that non-specially invited customers apply for the gold card.

3. CITIC All-Currency Credit Card

The main features are as follows:

1. For overseas card purchases, the 1.5% currency exchange fee is waived, and foreign currency purchases are available. Repayment in RMB;

2. 3 times the points for overseas consumption, and you can also swipe your card before October 31, 2016 to get cash back, up to 6% cash back;

3. Before January 31, 2017, if you meet the conditions, you can get free return guarantee for overseas purchases.

4. If you apply before December 31, 2016, the annual fee will be waived for the life of the card.

Evaluation:

Among commercial banks, this CITIC all-currency credit card is still very powerful. The card surface is high-end and classy. You can use this card to make purchases abroad without currency conversion. It is also one of the must-have single-label foreign currency cards for overseas travel.

In addition, this card can quickly accumulate 3 times points when spending overseas, and you can also enjoy cash back discounts if you meet the standards. However, the current activity has expired, so it can be ignored.

In terms of application, this card is not only available to specially invited customers. If you want to apply for this card, you can apply directly online.