Calculated at exchange rate 1.5%
1. Credit card shall be swiped at overseas exchange rate++and automatically converted into RMB account through UnionPay channel according to the dynamic exchange rate at that time; The dual-currency credit card swipes the US dollar channel and directly enters the country from the US dollar. If the cardholder is required to purchase foreign exchange for repayment, the selling price of foreign exchange purchased by the issuing bank on the same day shall prevail; All currency credit cards are automatically converted into RMB when swiping; Some issuing banks waive the handling fee of 1.5%, and some issuing banks convert it according to their own exchange rate, which is generally more favorable.
2. When swiping a card, the credit card is subject to "dual exchange rate" abroad, that is, the local currency must be converted into US dollars first, and then converted into RMB according to US dollars. This conversion process will actually generate additional exchange losses. When you invest a lot of money, the conversion cost will be high. When spending abroad, there are two kinds of credit cards that can be exempted from exchange fees. One is a local currency credit card and the other is a UnionPay card. The former is rarely used in tourism, while the latter is more, but it needs to consult customer service, considering the popularity of UnionPay tourism trading equipment. Recently, in order to avoid unnecessary foreign exchange losses, credit cards have been charged and paid in RMB.
3. If the UnionPay settlement network is used, all++transactions will be recorded according to the UnionPay exchange rate on the day of swiping the card, and will be settled in RMB after exchange. With Visa, transactions are registered with++. Reimbursement can be directly reimbursed by++or converted into RMB according to the foreign exchange rate of the bank where the account is opened on the reimbursement date. Cardholders can also open an automatic exchange service, which will be exchanged by the bank at the exchange rate corresponding to the repayment date. It is worth noting that if the++account is in USD and the transaction is in non-USD currency, the bank will charge a currency exchange fee, which is generally 1. 1%- 1.5% of the transaction amount.
4. If you choose a Gucci backpack in the United States on August 10, the price in the United States is 1368.86 dollars. If you were using a Visa full-currency credit card, the exchange rate of RMB +0368.86 USD was based on the exchange rate of RMB against USD announced by Visa on that day. Change it to RMB 8500 and deposit it in your RMB account. In August 13, you only need to return 8500 RMB.
Foreign exchange rate: expressed by the amount of domestic currency that can be exchanged by one unit++,which is called foreign exchange rate. China usually takes 100 unit of foreign currency as the standard and converts it into a certain amount of RMB, that is, RMB represents the price of a foreign currency. The formula is foreign currency = =X￥ 100 yuan.
Can domestic ordinary credit cards accept++remittance?
You can't. If you want to use a credit card to receive++remittances, UnionPay's single-currency credit card is not acceptable, and dual-currency credit cards can only receive US dollar remittances.
Credit card profile:
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.
Brief introduction of dual-currency credit card:
Dual-currency credit cards are credit cards with RMB and USD settlement accounts, and their functions are basically the same as those of single-currency credit cards. Dual-currency debit cards also have RMB and USD settlement accounts, which can be used for deposit and withdrawal and consumption of RMB and USD without overdraft function. Therefore, many domestic banks have successively cooperated with international bank card organizations such as VISA and MasterCard to launch bank cards with RMB and USD settlement functions. In China, RMB settlement can be realized through UnionPay. After going abroad, you can spend and withdraw cash at ATMs of merchants and banks that support Visa or MasterCard, and settle in US dollars.
Definition of credit card overdraft:
Credit card overdraft is a short-term overdraft given by the credit card issuer to the cardholder within the prescribed limit when shopping with the card. For credit cards, it is allowed to "consume first, then repay", and overdraft is an important feature. For debit cards, it should be "deposit first, then spend", but on the premise that it is recognized as goodwill overdraft and repayment is guaranteed, the cardholder is also allowed to overdraw an appropriate amount in a short time when the money is urgently needed. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses.
Definition of credit limit:
Credit line, also known as "credit line", refers to a certain amount of credit line granted by banks to their basic customers, that is, enterprises can recover so much money within a specified time. On the one hand, it solves the short-term++difficulties of enterprises, improves the speed of enterprise capital turnover and improves the efficiency of enterprise capital use.
How much is the foreign exchange handling fee for credit cards?
Foreign exchange is converted into RMB by++,and the foreign exchange handling fee (account designation++) is charged according to the relevant regulations of international credit card organizations, which is generally 0.5% of the transaction amount of 65438+.
Many people choose to use credit cards when traveling abroad. At present, most credit cards issued by domestic banks can be used overseas, but generally they have to charge withdrawal fees, currency conversion fees and other fees, plus a service fee of about 1.5%, and then convert them into RMB according to the sum of these two items.
Extended data:
Foreign exchange handling fee refers to the exchange fee between two foreign currencies, such as USD-GBP and USD-JPY, instead of USD-RMB.
Calculation method of foreign exchange handling fee:
1. I have a RMB-USD dual-currency credit card and need to pay 30 pounds to a British company. There are two conversions of RMB-USD-GBP in the payment process, among which RMB-USD conversion is directly conducted according to the exchange rate, and no additional fees are required, while USD-GBP conversion requires a++conversion fee according to the exchange rate.
2. Suppose the exchange rate of USD against RMB is 6: 1, the exchange rate of GBP against USD is 2: 1, and the++conversion fee charged by my credit card company is 2%. Then the amount I need to pay in RMB is: 302( 1+2%)6=367.2 yuan.
China foreign exchange classification:
First, according to the control
(1) cash, the four kinds of foreign exchange referred to in China's Provisional Regulations on Foreign Exchange Management are all cash, which can be used as a means of payment for international settlement immediately;
(2) purchase of foreign exchange, that is, the foreign exchange index approved by the state can be used. If you want to change the index into cash, you must use RMB to buy cash from the designated bank within the index limit according to the exchange rate announced by the State Administration of Foreign Exchange. Technically, it's called purchasing foreign exchange. You must use the function of purchasing foreign exchange according to the specified purpose.
Second, according to the nature
(1) Trade foreign exchange, which comes from import and export payment and auxiliary expenses related to import and export trade, such as foreign exchange used for freight, insurance, sample fees, publicity and promotion fees, etc.;
(2) Non-trade foreign exchange, foreign exchange receipts and payments other than import and export trade, such as remittance, tourism, ports, civil aviation, insurance, banking, foreign contracted projects, etc.
This concludes the introduction of credit card remittance and credit card remittance settlement. I wonder if you found the information you need from it?