Question 1: What is the difference between purchasing foreign exchange with the minimum repayment amount and purchasing foreign exchange with the full amount? Hello, these are two repayment methods. If you choose to purchase foreign exchange with the minimum repayment amount, you will purchase foreign exchange with the minimum repayment amount to pay off the US dollar bill. If you choose to purchase foreign exchange in full, you will be repaid based on the full amount of foreign exchange purchased on the US dollar bill.
There are two methods of full repayment and minimum repayment for you to choose from on each bill:
1. Full repayment: pay off all before the final repayment date If you use the card to pay the bill, you can enjoy the interest-free period from the consumption date to the repayment date, and no interest will accrue (cash withdrawals do not enjoy the interest-free period);
2. Minimum repayment: If you If you pay the minimum repayment amount but less than the full amount before the last payment date, you will not be able to enjoy the interest-free repayment period. All consumption in the current period will accrue interest from the recording date (usually the second day after consumption), and the daily interest will be RMB 10,000. Five-quarters until you pay it all back. Minimum payments will not affect personal credit.
Warm reminder:
1. Once the foreign exchange purchase function is set to be permanently effective, it can be modified later through online banking or calling the customer service hotline;
2. The foreign exchange purchase function After the setting is successful, the RMB funds you deposit will first be used to repay the overdue part of your minimum repayment, and then purchase foreign exchange to repay the U.S. dollar bill according to the foreign exchange purchase amount you set, and then repay the RMB bill;
3. Since the exchange rate fluctuates up and down every day, the current exchange rate for foreign exchange purchase and repayment shall be based on the exchange rate announced at 10 a.m. of the US dollar selling price on that day;
4. The amount of foreign exchange purchase and repayment in this period The settings are only valid for this period, and will be restored to your original settings in the next bill period; 5. If you choose to make overpayment to purchase foreign exchange, your overpayment in RMB will be used to purchase foreign exchange to repay the US dollar bill within 2 working days.
If you still have questions and comments, please log in to the online customer service forum.cmbchina/...ncmu=0 for consultation. We will serve you wholeheartedly! Thank you for your attention and support to China Merchants Bank!
Question 2: What does full remittance purchase by credit card mean? Hello, if you have a credit card from our bank, when your foreign currency consumption has generated a U.S. dollar bill, you can choose to activate "U.S. dollar bill purchase and repayment" Function. After activation, your RMB repayments will be automatically converted into U.S. dollars by purchasing foreign exchange, and your U.S. dollar bills will be repaid first (the conversion exchange rate is the exchange rate on the day of your payment). Repayments after the U.S. dollar bills are paid off will continue to be repaid. Your RMB bill.
Setting method: Log in to credit card online banking and click "Repayment Management" → "Foreign Exchange Purchase and Repayment". You can also check the "automatic purchase of foreign exchange" function on the application form when applying for the card.
Warm reminder:
1. If it is a foreign currency transaction other than US dollars, it will be converted into US dollars by the international credit card organization and recorded in the US dollar bill. (During the above process, international organizations such as VISA and MasterCard will charge a foreign exchange exchange fee of 1.5)
2. The amount of foreign exchange purchased in the current period cannot exceed the amount of the US dollar bill in the current period, and the exchange rate of foreign exchange purchased is 10:00 on the day of repayment. The USD selling price of China Merchants Bank announced later.
3. If you set up the function of purchasing foreign exchange for repayment of U.S. dollar bills and the "automatic repayment" function of the U.S. dollar account at the same time, then your RMB repayment will have priority in purchasing foreign exchange to repay your U.S. dollar bills. The difference between the self-deduction amount (full or minimum) set for the current period of the bill and the agreed foreign exchange purchase amount will be deducted from your designated US dollar automatic repayment account.
4. After the automatic foreign exchange purchase is successfully set up, if the cardholder fails to repay the US dollar bill in full on the due payment date, if there is an overpayment in RMB in your credit card, our bank will automatically The corresponding amount will be deducted from your RMB overpayment to purchase foreign exchange to repay your US dollar bill.
If you still have questions, please add corporate QQ customer service 4008205555 or add the public account "China Merchants Bank Credit Card Center" on WeChat for detailed consultation.
Question 3: What is the meaning of purchasing foreign exchange with a credit card? The meaning of purchasing foreign exchange with a credit card:
It is a transfer transaction, which is to exchange the local currency on the account for foreign currency, which is equivalent to foreign exchange buying and selling. The foreign currency is still on the account or bank card, and no cash withdrawal is possible.
Question 4: How to fill in the form for Ping An Bank Credit Card? If you don’t want to buy foreign exchange, you can buy foreign exchange with the minimum repayment amount. How to choose? 20 points It is better to purchase foreign exchange in full, which facilitates overseas card transactions and direct repayment in foreign currency RMB.
Question 5: What does it mean to purchase foreign exchange in full with a CCB credit card? Some CCB credit cards are RMB-USD and RMB-Euro dual-currency cards. After such credit cards are swiped on overseas non-UnionPay networks, the transaction amount It will be recorded in U.S. dollars or euros. If you have U.S. dollars or euros on hand, you can pay it back directly to your credit card. But if you don't have foreign currency, you will need to deposit RMB to purchase foreign exchange for repayment. Before the due repayment date, deposit enough RMB, and on the day of deposit, call the customer service hotline or handle foreign exchange purchase and repayment through online banking, official WeChat and other channels (use RMB to purchase U.S. dollars or euros, the exchange rate is CCB’s U.S. dollar on the day of foreign exchange purchase ( or Euro) selling price), purchase foreign exchange in full, that is, how much foreign currency is purchased for the amount of foreign currency owed on this bill. In order to enjoy the interest-free treatment for consumption, foreign exchange is generally purchased in full.
In addition, CCB also has the function of purchasing foreign exchange from an agreed account, which is a CCB savings card in the name of a credit card. When binding, you can choose to purchase foreign exchange in full on the day after the due date of repayment. , the agreed account will automatically deduct the corresponding RMB to automatically purchase foreign exchange to repay the debt in the foreign currency account.
Question 6: What is the meaning of purchasing foreign exchange, the exchange rate of purchasing foreign exchange, and purchasing foreign exchange in full? When you need to pay in foreign currency after a foreign currency transaction, the act of purchasing in RMB and paying in foreign currency is called purchasing foreign exchange. . Foreign exchange purchase is a transfer transaction, which is to exchange the local currency on the account for foreign currency, which is equivalent to foreign exchange trading. The converted foreign currency will still be on the account or bank card, and no cash will be withdrawn.
Just understand the exchange rate for purchasing foreign exchange as the exchange rate.
Yongwo Fortune Foreign Exchange Trading Platform reminds you that you need to be cautious when investing.
Some credit cards are RMB-USD and RMB-EUR dual-currency cards. After these credit cards are swiped on overseas non-UnionPay networks, the transaction amount will be recorded in US dollars or euros. If you have US dollars or euros on hand, You can pay it back directly to your credit card, but if you don't have foreign currency, you need to deposit RMB to buy foreign exchange for repayment. Before the due repayment date, deposit enough RMB, and on the day of deposit, call the customer service hotline or handle foreign exchange purchase and repayment through online banking, official WeChat and other channels (use RMB to purchase U.S. dollars or euros, the exchange rate is CCB’s U.S. dollar on the day of foreign exchange purchase ( or Euro) selling price), purchase foreign exchange in full, which is how much foreign currency you owe on this bill. In order to enjoy the interest-free treatment for consumption, foreign exchange is generally purchased in full.
Question 7: Well, what do the full amount and the minimum in the following repayment methods mean? And what does it mean to buy foreign exchange? The full amount should be paid off in one lump sum, and the minimum is the amount to be paid back every month.
Question 8: What does it mean to purchase foreign exchange with the minimum repayment amount of a Ping An Bank credit card? Purchasing foreign exchange with the minimum repayment amount means purchasing foreign exchange with the minimum repayment amount to pay off the US dollar bill.
If you use a dual-currency credit card to make purchases abroad, (it may not necessarily be in US dollars, it may be in other currencies. The bank will convert it into US dollars.) When you return to China to repay the loan in RMB, the bank will Convert RMB into U.S. dollars for repayment according to the real-time quoted price. When the repayment period comes, you need to go to the bank counter or use RMB to buy U.S. dollars from the bank through online banking, telephone banking, etc. to return the consumed U.S. dollars. This is the purchase of foreign exchange (foreign currency) for repayment.
Question 9: What does purchasing foreign exchange mean when applying for a credit card? After using a foreign currency on a dual-currency card, you need to use RMB to purchase foreign currency for repayment at the exchange rate on the day of repayment. This process is called foreign exchange purchase. Now some banks have opened the RMB World Connect function, which means that foreign currency consumption can be directly recorded in RMB according to the exchange rate of the day, and the repayment can be repaid directly in RMB.
Question 10: When applying for a Ping An Bank credit card online, when filling out the application materials, one question is whether to purchase foreign currency. What does purchasing foreign currency mean? When spending foreign currency on the credit card repayment date, the bank will purchase it for you based on the exchange rate of that day. Foreign exchange repayment