Dual currency cards are not necessarily credit cards. The details are as follows.

Dual-currency card: refers to a bank card issued by many domestic banks that has settlement accounts in two currencies, namely RMB and foreign currency accounts, and has the logo of UnionPay and another international bank card organization. In China, dual-currency cards usually use RMB as the settlement currency through the UnionPay settlement network. Overseas, you can use the settlement network of the international bank card organization designated by the dual-currency card logo to make payments in foreign currencies. (Of course, overseas countries with UnionPay networks can also use RMB settlement). The dual-currency card is a transitional product under my country’s current foreign exchange control.

Common international bank card organizations include Visa, Master, American Express, etc. These three international bank card organizations have all cooperated with major domestic banks. Issue bank cards.

Because financial IC cards no longer allow the issuance of dual-currency cards, the issuance of magnetic stripe cards was stopped on January 1, 2015. As a transitional product, the dual-currency card ended its mission.