How to buy U.S. dollars with a credit card

Most of the credit cards currently issued are dual-currency credit cards of RMB and U.S. dollars, and a few banks have issued full-currency international credit cards with chips. When people use dual-currency credit cards abroad, the card issuer converts the local currency consumed by the cardholder into US dollars for accounting purposes (if the local currency is US dollars, it will be directly credited to the US dollar account). When returning to the country to repay, you need to use RMB is purchased and repaid according to the exchange rate of the day. And if people use a full-currency credit card to make purchases abroad, the card issuing organization will give the bank a preferential price and credit it to the RMB account during settlement, and the repayment will be based on the preferential price after returning home. Some card issuing organizations not only waive 1.5% of the currency conversion fee for cardholders of all-currency credit cards in my country, but also provide 5% cash back rewards to cardholders whose credit card transactions reach a certain number and amount.

Industry insiders suggest that people who plan to travel abroad should apply for a full-currency credit card, which will make their consumption more cost-effective. For those who have used dual-currency credit cards for overdraft consumption, if the foreign currency exchange rate is expected to strengthen, the earlier the repayment can reduce the expenditure on foreign currency exchange.

How to pay back U.S. dollars with a Bank of China credit card?

Currently, Bank of China supports a variety of foreign currency repayment methods, such as telephone foreign exchange purchase, automatic deduction, automatic foreign currency foreign exchange purchase, etc.

The above content is for your reference, please refer to actual business regulations.

How to convert the RMB in the Bank of China Zhuojun Credit Card to US dollars

There is no handling fee for Bank of China credit card repayment. Currently, the US dollar debts have the following repayment methods: (1) If you have activated the global single RMB settlement function, all foreign currency consumption will be recorded in RMB, and you can just repay in RMB; (2) If you have bound automatic repayment, you can choose to use the RMB in the associated account to repay the foreign currency debt of your credit card , or repay the credit card's foreign currency debt through the corresponding foreign currency in the associated account; (3) If you have activated the automatic foreign currency purchase function for bills, you only need to ensure that the credit card's RMB account has enough RMB credit balance to repay the foreign currency debt on the due date of repayment. , the system will automatically repay the foreign currency debt with the RMB credit balance based on the day's real-time exchange rate; (4) If you do not meet the above conditions, you can choose the following methods: ① Bring the current bill and original ID card to the counter to purchase foreign currency and repay ② Use RMB excess deposits to purchase foreign exchange through mobile banking, online banking, colorful life client, WeChat public account, calling the customer service hotline, etc.

The above content is for your reference, please refer to actual business regulations.

That’s it for the introduction to converting credit cards into US dollars.