Can I use my credit card limit to purchase foreign exchange by myself?
No, you can use the credit card limit for overseas consumption, but the prerequisite is to use Visa or MasterCard. You cannot use a credit card to purchase foreign exchange. If you purchase foreign exchange, you need to use a debit card!
Can Bank of China use credit cards to purchase foreign exchange?
It is recommended that you call the Bank of China customer service hotline 95566 or go to the counter for consultation.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.
How to purchase foreign exchange and repay with Bank of China credit card?
Currently, Bank of China supports a variety of repayment methods, such as telephone foreign exchange purchase, automatic deduction, automatic foreign exchange purchase, etc.:
1. If you have activated the global single RMB settlement function, All consumption will be recorded in RMB, and you can repay in RMB;
2. If you have bound automatic repayment, you can choose to use the RMB in the associated account to repay the credit card debt, or use the RMB in the associated account to repay the credit card debt. Repay the credit card debt accordingly;
3. If you have activated the automatic foreign exchange purchase function for bills, you only need to ensure that the credit card RMB account has enough RMB credit balance to repay the debt on the due date, and the system will Automatically use the RMB credit balance to repay the debt according to the real-time exchange rate of the day;
4. Bring the current bill and original ID card to the Bank of China counter to purchase foreign exchange for repayment;
5. In the account If you have a RMB credit balance, you can handle foreign exchange purchase and repayment through Bank of China personal mobile banking, "Bank of China Credit Card" WeChat official account, Colorful Life APP, Bank of China personal online banking, Bank of China Credit Card customer service hotline 4006695566 and other channels.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.
Can I buy foreign exchange with a Bank of China credit card?
Yes, according to the newly issued "Notice on Issues Concerning Bank Card Management" issued by the State Administration of Foreign Exchange, for overdrafts caused by domestic cards, For foreign exchange advances, if the cardholder can issue a transaction statement under the card provided by the card-issuing financial institution, in accordance with the requirements for convertibility under the current account, the cardholder is allowed to repay with cash and foreign exchange deposits or use RMB funds to purchase foreign exchange. .
This means that residents without foreign exchange income can safely use international cards for overdraft consumption when traveling and shopping overseas without having to worry about foreign exchange repayment after returning.
It is reported that starting from June 1st, whether you use Bank of China credit cards and China Merchants Bank credit cards to make purchases or withdraw cash overseas, you can use them as long as they meet the redeemable items and requirements stipulated in the "Notice". Purchase foreign exchange and repay in RMB, thus becoming a credit card in the true sense of international standards.
Can I use a credit card to purchase foreign exchange?
The meaning of foreign exchange purchase by credit card is a transfer transaction, which is to exchange the local currency on the account, which is equivalent to foreign exchange buying and selling. After the exchange, the money will still be on the account or bank card, and no cash will be withdrawn. Credit card purchases of foreign exchange and repayment means that when cardholders use international cards to make purchases abroad, they use the international credit card channel. The local currency consumed will be recorded on the credit card account in the form of U.S. dollars. When returning, the cardholder needs to purchase foreign exchange to repay. payment.
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Can a bank credit card purchase foreign exchange?
Cannot purchase foreign exchange.
The process of purchasing foreign exchange is as follows: 1. I bring my valid identity certificate to the bank to open a foreign exchange trading account, sign the "Personal Firm Offer Foreign Exchange Trading Agreement", and deposit foreign exchange. You can also transfer existing funds to the bank. Transfer the cash account deposit to the bank that provides personal foreign exchange trading business; handle the account opening procedures for online transactions and telephone entrusted transactions.
2. If over-the-counter transactions are used, Bank of China and Bank of Communications have no limit on the starting amount for opening an account. The starting amount for opening an account at Industrial and Commercial Bank of China and China Construction Bank is US$50. If trading is conducted over the phone, the starting amount for opening an account at Bank of Communications is US$50. The starting amount for opening an account at ICBC is US$100 equivalent.
This concludes the introduction on whether I can use a credit card to purchase foreign exchange and whether I can use a credit card to make bank transfers. Have you found the information you need?