As far as I know, there is no credit card machine in China that can directly swipe US dollars. All credit card machines in China are UnionPay machines. Overseas cards can be swiped at home, but they cannot be directly converted into US dollars. You can only exchange RMB by yourself. There's one in Hong Kong that swipes dollars directly. Guess you're cashing in, too. It is illegal to cash out. Grab it with a foreigner's card and go straight to jail.

How to use US dollars for China Bank credit card? Can I withdraw it?

According to the regulations of the State Administration of Foreign Exchange, cardholders are not allowed to overdraw foreign currency cash in China, but can spend and use the US dollar limit within the credit line through VISA, MasterCard and other corresponding channels abroad. If you have extra dollars in your credit card, you can withdraw them at the counter of China Bank for free.

The above contents are for your reference. Please refer to the actual business regulations.

How to use ABC credit card dollars?

Look at the specific situation:

First, if the credit card is marked with UnionPay, VISA or MasterCard, and the RMB quota and the US dollar account share the quota, there will be no US dollar quota after the RMB quota is swiped.

Second, if there is an overpayment in US dollars, you can use it or apply to transfer it to a RMB account.

Third, if the card only has a single label, such as VISA or MasterCard, it can only be used if a merchant who supports these labels is found.

How to use the dollar part of the credit card?

The dollar portion of a credit card can be used for the following purposes:

1. When going abroad, you can swipe your card and use the US dollar account in your credit card.

2. Overseas websites support the use of US dollar transaction payment websites.

In addition, there is no way to overdraw the US dollar account balance in the credit card in China for the time being.

Generally speaking, the dollar account on the credit card cannot be taken out, but can only be used. You can go to websites or stores that use dollars. It is not cost-effective to withdraw money from abroad, and the handling fee is very high. We know that when you use an international credit card for spending abroad, you can make transactions through different channels, such as UnionPay, Visa, MasterCard, American Express, JCB and so on.

When the UnionPay line is selected, all foreign currency transactions will be converted into RMB according to the real-time exchange rate and included in the RMB account of the international card. For example, after spending HK$ 1 ,000 through UnionPay in Hong Kong, the cardholder will receive a prompt message of "spending RMB 88 1.69 yuan", indicating that the consumption has been directly converted and credited to the RMB account. In this way, the repayment method is naturally completely consistent with the general RMB consumption. And unionpay doesn't charge any fees. If you choose other routes, the consumption amount will be accounted into a foreign currency account, and you may face foreign exchange handling fees.

For example, RMB-USD dual-currency cards are consumed in Europe through non-UnionPay channels, and international organizations will convert the consumption amount of euros into US dollars and record it in the US dollar account of dual-currency cards. There must be a currency conversion process. Visa, Master, Express, JCB and other corresponding international organizations will charge a certain handling fee, which is generally around 1.5%. Cardholders need to repay their US dollar accounts after returning to China.

When the credit card foreign currency account has debts, repayment is not so easy. Perhaps the first thing you think of is the repayment of debit card related accounts. Yes, this is a good idea, but not all related accounts can automatically repay the foreign currency arrears of credit cards.

Generally speaking, when the debit card is bound to automatic repayment, the cardholder needs to choose whether the debit card account is associated with the credit card foreign currency account. If there is no choice, the debit card account will only repay the arrears of the credit card RMB account, and the arrears of the foreign currency account will be returned only after the automatic repayment function of the foreign currency account is set.

The repayment method of China Merchants Bank is quite special. Cardholders can choose to open a foreign currency account, and automatically repay the foreign currency account of the credit card after going through the relevant formalities, that is, "foreign currency is returned to foreign currency". Cardholders can also choose to open the "RMB to foreign currency" function of one-card card. On the final repayment date, RMB deposits in the one-card account will be repaid automatically by purchasing foreign exchange at the quoted price, and foreign currency arrears will be paid first.

Here, there is a question to be reminded. If the cardholder opens the above two functions at the same time, the automatic purchase of foreign exchange will be given priority, that is, "RMB to foreign currency". In other words, when the RMB deposit in the card is enough to repay the foreign currency arrears of the credit card, the funds in the foreign currency account of the card are useless. At the same time, because the deposit is used to repay the foreign currency arrears, the RMB arrears may not be fully repaid. Therefore, only one of the two functions is recommended. When handling relevant formalities, the cardholders of Shanghai Pudong Development International Card can also choose RMB automatic repayment, RMB automatic purchase of foreign exchange repayment, and foreign currency linked account automatic repayment, but unlike China Merchants Bank, RMB arrears are repaid first.

Baidu Encyclopedia "Credit Card"

How do I know the exchange rate when I pay US dollars by credit card?

Will be divided into the following situations

First brush the foreign currency and take the UnionPay channel, and exchange it according to the dynamic exchange rate dcc at that time.

Second, the dual-currency credit card swipes US dollars through VISA or MasterCard, that is, the actual amount of the credit card is recorded, and the subsequent cardholders need to purchase foreign exchange for repayment, which is converted according to the foreign exchange selling price of the issuing bank on the repayment date.

Third, if it is a full-currency credit card, look at the specific regulations of the issuing bank. Some issuing banks are exempt from 1.5% foreign exchange handling fee. Some issuing banks are converted at the preferential exchange rate operated by the issuing bank.

How to buy dollars by credit card

At present, most of the credit cards issued are dual-currency credit cards in RMB and USD, and a few banks have issued all-currency international credit cards with chips. People use dual-currency credit cards abroad. At the time of settlement, the card issuer will convert the local currency consumed by the cardholder into US dollars for bookkeeping (if the local currency is US dollars, it will be directly credited to the US dollar account). When you return home, you need to use RMB to buy dollars at the exchange rate of the day for repayment. However, if people use all-currency credit cards, in consumption abroad, the card issuer will give the bank a preferential price to be credited to the RMB account at the time of settlement, and repay the loan at this preferential price after returning home. Some card issuers not only reduced or exempted 1.5% currency exchange fee for domestic all-currency credit card holders, but also gave 5% cash back to cardholders who swiped their cards to a certain number and amount.

Industry insiders suggest that people who plan to travel abroad had better apply for full-currency credit cards, which will be more cost-effective. For those who have already used the dual-currency credit card to overdraw their consumption, if the foreign currency exchange rate is expected to strengthen, prepayment can reduce the expenditure on foreign currency exchange.

This concludes the introduction of how to use US dollars for credit cards and how to use US dollars for credit cards. I wonder if you have found the information you need?