How to repay CMB credit card USD transactions? Three major ways to repay without worries!

China Merchants Bank has many types of credit cards to meet the needs of different customers. In recent years, more and more people have gone abroad, so overseas consumption has become a big demand. Many people have applied for dual-currency credit cards from China Merchants Bank, so there will be US dollar transactions when spending overseas. Spending money is quite easy, so how do you repay the U.S. dollar transactions on China Merchants Bank’s credit card? Let’s find out together!

In fact, the repayment of U.S. dollar transactions is divided into three situations, namely, the U.S. dollar transaction is entered into the account in RMB, the U.S. dollar bill is repaid in RMB, and the U.S. dollar bill is repaid in U.S. dollars.

1. US dollar transactions are recorded in RMB

This method of repayment is the simplest. Since there is no US dollar bill, the US dollar consumption will automatically enter the RMB bill according to the exchange rate. You only need to follow Just repay via normal credit card repayment methods.

After activating the "RMB deposit for foreign currency consumption" function, you can use this method to repay.

Setup method:

Log in to credit card online banking and click "Repayment Management" → "Automatic RMB Foreign Exchange Purchase" to activate.

2. U.S. dollar bill purchase and repayment

This repayment method is to use RMB to repay the U.S. dollar bill. You can choose to activate the "U.S. dollar bill purchase and repayment" function to activate Afterwards, your RMB repayments will be automatically converted into US dollars by purchasing foreign exchange, and priority will be given to repaying your US dollar bills.

Setup 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.

3. Use U.S. dollars to pay U.S. dollar bills

Debit card U.S. dollar transfer repayment: Available repayment methods include China Merchants Bank online banking repayment, mobile repayment and telephone repayment.

U.S. dollar cash repayment at business outlets: U.S. dollar cash repayment is available at all business outlets of China Merchants Bank (except Hong Kong). As long as you provide a credit card, anyone can repay your credit card (the repayer must show his or her ID card).

That’s it for everyone on “How to repay U.S. dollar transactions with China Merchants Bank’s credit card”. The basic methods are the above three. I hope it will be helpful to you after reading this.

How to pay back US dollars to a credit card account?

Go to the counter with your ID card. You can apply directly in RMB. When a U.S. dollar bill has been generated for foreign currency consumption, you can choose to activate the "U.S. dollar bill purchase and repayment" function.

After activation, your RMB repayments will be automatically converted into U.S. dollars, and your U.S. dollar bills will be repaid first (the conversion rate is the exchange rate on the day of payment), and the U.S. dollar bills will be paid off. Subsequent repayments will continue to pay off your RMB bill.

There are 3 ways to repay with U.S. dollars using China Merchants Bank credit cards:

1. Go to the counter to activate the self-service transfer function with the all-in-one card and credit card. You can purchase foreign exchange in U.S. dollars directly with the all-in-one card, or manually through online banking. Repayment.

2. If it is inconvenient to go to the counter, after purchasing foreign exchange and US dollars with one card, automatic deduction will be activated with your credit card.

3. Activate the function of purchasing foreign exchange with your credit card and repay RMB with one card.

Extended information:

Notes when using RMB to pay US dollar bills:

1. If it is a non-US dollar foreign currency transaction, it will be converted into US dollars by the international credit card organization. Billed in USD. (During the above process, international organizations such as VISA and MasterCard will charge a 1.5% foreign exchange exchange fee)

2. The amount of foreign exchange purchased in the current period cannot exceed the amount of the current U.S. dollar bill, and the exchange rate for foreign exchange purchased is 10:00 on the day of repayment. Published USD selling price of China Merchants Bank.

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.