What does a single-currency credit card mean?
Single-currency credit card is a credit card with RMB settlement account, and its function is basically the same as that of dual-currency credit card. There are many kinds of general credit cards, which can be divided into single-currency cards and dual-currency cards in terms of currency, and dual-currency cards and RMB cards in China, in which dual-currency generally refers to US dollars, RMB or Euro and RMB.
There are two main types of single currency cards: one is a single currency credit card; The other is a single currency debit card. Single-currency credit card is a credit card with RMB settlement account, and its function is basically the same as that of dual-currency credit card. Single-currency debit cards also have RMB settlement accounts, which can be used for RMB deposit and withdrawal and consumption, and do not have the function of overseas overdraft.
Definition of RMB card: According to international standards and public understanding, it is an electronic payment voucher. The cardholder can be granted a certain credit line, and can overdraw consumption or withdraw cash first, and repay before the specified date without paying interest. Cards with only the logo of UnionPay or overseas credit card organizations (such as Master/VISA) printed on the card face are single-currency cards and can be used independently at home or abroad.
Definition of dual-currency card: dual-currency card refers to a bank card with both RMB account and foreign currency account. The card numbers of these cards mostly start with 4 or 5, and the "UnionPay" logo is affixed to the upper right corner of the front of the card, and the visa or MasterCard logo is affixed to the lower right corner.
Renminbi cards (single currency) and dollar cards (single currency) are issued according to the standards of different card issuers.