Single-currency and dual-currency credit cards are very different in name.
Single currency card refers to a credit card with a single settlement currency, which is the most common credit card with a single UnionPay logo.
Dual-currency card, as its name implies, has two currencies, which generally refers to a credit card with both RMB account and account. For example, the China Merchants Bank American Express Centurion Gold Card in my hand is a very standard dual-currency card with two logos: American Express and UnionPay.
However, it seems that it started at the end of 20 16, and Yang Ma said that she would cancel the dual-currency card. So now, when applying for a dual-currency card, the bank will issue two new cards, one is a UnionPay credit card starting with "62", the other is a credit card organized by an overseas card, or two single-currency cards. For example, American Express Michelin co-branded card is issued in the form of a set of cards, and the design of American Express card face and UnionPay card face is different.
What does a full currency international credit card mean?
The so-called "all-currency international credit card" refers to a card that can automatically convert any currency into RMB according to the exchange rate, supports multinational consumption, only needs to repay in RMB, and the foreign exchange handling fee of 1.5% is exempted for consumption or withdrawal.
China Merchants Bank's all-currency international credit card (also known as all-currency card) is a signed all-currency international credit card jointly launched by China Merchants Bank and VISA. The card supports VISA bank, and no matter what currency, the foreign exchange handling fee of 1.5% is exempted for consumption or withdrawal. All transactions are automatically purchased in RMB and only need to be repaid in RMB. At the same time, the card has a high travel insurance gift.
China Merchants Bank's all-currency international credit card only issues VISA single-currency cards with only one card face, which is a personal card product issued by China Merchants Bank for overseas travel and online shopping. In order to provide more convenience for cardholder consumption abroad to swipe his card, reduce the customer's consumption abroad currency exchange fee, better enhance the customer experience, and strengthen the product positioning of China Merchants Bank's credit card as "the first choice in consumption abroad".
In addition to the basic functions, China Merchants Bank's all-currency international credit card also has the following functions:
(The credit card service provided by VISAsignature and the exclusive courtesy of tens of thousands of selected preferential merchants (hotels, restaurants, entertainment, shopping and leisure products) in more than 200 overseas countries and regions.
(2) All-currency consumption and repayment in RMB. No matter where the card is traded in the world, it can be automatically converted into RMB, and you only need to repay it in RMB.
(three) full monetary consumption, free of currency exchange fees. No matter when, where and how you use this card to spend or withdraw cash, the currency exchange fee of 1.5% will be exempted.
(4) Giving away high travel insurance. With this card, you can buy my air ticket in full or pay 80% or more of my tour fare, and you can get up to 2 million yuan of travel inconvenience insurance and aviation accident insurance for free without going through any formalities and paying any fees.
What does a multi-currency credit card mean? There are many currencies in the credit line.
For people who often need to go abroad, if they can use credit cards for local currency settlement abroad, the journey abroad will be much easier. At this time, multi-currency credit cards came into being. Multi-currency credit card has a name that sounds very tall, so what does multi-currency credit card mean? Let's take a look.
The meaning of multi-currency credit card
A multi-currency credit card refers to a credit card with a credit line containing multiple currencies. For example, when a cardholder travels to the United States with a multi-currency credit card, he can settle the consumption in US dollars, and after returning home, he can settle the repayment in RMB according to the exchange rate of RMB against US dollars. Multi-currency credit cards of banks can generally be converted into a variety of internationally accepted currencies, including RMB, USD, Euro, HKD, GBP, JPY, etc. , which can effectively save overseas payment costs and meet the overseas payment needs of cardholders.
Advantages of multi-currency credit cards
After understanding the meaning of multi-currency credit card, we can get the convenience of multi-currency credit card compared with traditional ordinary credit card through comparison.
The main function of a multi-currency credit card is to avoid the currency conversion fee and to handle the transaction needs of all currencies. No matter where you spend money, you can repay it directly in RMB after returning home, eliminating the formalities of purchasing foreign exchange. In addition, some banks' all-currency international cards will also give away high travel accident insurance.
The above is the explanation of the meaning of multi-currency credit card. Multi-currency cards issued by banks are free of annual fees. Card friends can click on the credit card application channel according to their own needs, and make their own choices by comparing the advantages and disadvantages of multi-currency credit cards of various banks.
The introduction of the meaning of credit card currency and credit card currency ends here. I wonder if you found the information you need from it?