What is a dual-currency credit card? What are the benefits of dual currency credit cards? Dual currency card is a kind of bank card that has only appeared in our country in recent years. With the continuous development of our economy and the continuous improvement of people's living standards, traveling and shopping abroad have become very common. There is widespread demand for bank cards for currency settlement. Therefore, many domestic banks have successively cooperated with international bank card organizations such as VISA and MasterCard to launch bank cards with RMB and US dollar settlement functions. RMB settlement can be achieved through UnionPay in China, and after going abroad, Spend and withdraw cash at merchants and bank ATMs that support VISA or MasterCard, and settle in US dollars.

There are two main types of dual-currency cards: one is dual-currency credit card; the other is dual-currency debit card. A dual-currency credit card is a credit card with RMB and USD settlement accounts, and its functions are basically the same as single-currency credit cards. The dual-currency debit card also has RMB and US dollar settlement accounts, which can be used for savings, cash withdrawals and consumption in RMB and US dollars. It does not have an overdraft function.

Dual-currency credit cards mainly include RMB-USD and RMB-EUR. The former is more common because many countries in the world still use US dollars for settlement, so it is more convenient. But if you are going to Europe to spend money, using a RMB-USD credit card will require one more conversion, and you will also have to pay one more conversion fee. With a RMB-Euro credit card, you can convert directly from Euros to RMB.

Currency exchange fee/Under the current situation that foreign exchange has not been fully liberalized, dual-currency cards have brought convenience to people’s consumption settlement when traveling abroad. Let RMB and foreign currencies be freely convertible within a certain amount.

Advantages of dual-currency credit cards:

In the current situation where foreign exchange has not been fully liberalized, dual-currency cards have brought convenience to people’s consumption settlement when traveling abroad. Let RMB and foreign currencies be freely convertible within a certain amount. It can save time and energy to a great extent, and you no longer need to go to the bank to exchange currency when going abroad.