Not all are single-currency credit cards. China Merchants Bank has foreign currency single-label cards, which only have VISA, Master, JCB, and American Express Blue Label. They do not have UnionPay logos and cannot be used for domestic card consumption. They can only be used for overseas international lines. Or overseas online transactions, all transactions (including cash withdrawals) are automatically converted into RMB and entered into the account. You do not need to purchase foreign exchange, you can repay directly in RMB, and there is no foreign exchange fee of 1.5.

(Response time: May 13, 2019. For the latest business changes, please refer to the official website of China Merchants Bank)