Two important points to note when purchasing foreign currency and repaying it:

Although there are many ways to repay the debt in the credit card foreign currency account, there are still two major issues that need to be paid attention to.

First, due to real-time fluctuations in exchange rates, cardholders are advised to be more relaxed when making deposits, because once they are unable to repay in full, all outstanding balances will be recorded with an interest rate of 0.05% per day starting from the day of consumption. Yes, this is very uneconomical for cardholders.

Second, the repayment of foreign exchange purchased over the phone may not arrive in real time. ICBC credit card said that it may take 1 to 3 working days to arrive. Pudong Development Bank customer service staff said that cardholders can check their account status the next day after purchasing foreign exchange and repaying it, while Everbright Credit Card customer service only does a foreign exchange purchase registration. Formal foreign exchange purchase and repayment must be carried out by bank staff within the next 3 working days. In other words, purchasing foreign exchange over the phone requires the cardholder to manage the amount in advance. If the foreign exchange purchase is delayed until the final repayment date, interest may be charged due to overtime.

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