Credit card dual currency:

1. Dual-currency card is a kind of bank card that only appeared in China in recent years. With the continuous development of China's economy and the continuous improvement of people's living standards, traveling and shopping abroad has become a very common thing, thus forming a wide demand for bank cards settled in foreign currency. Therefore, many domestic banks have successively cooperated with international bank card organizations such as visa and MasterCard to launch bank cards with RMB and USD settlement functions. In China, RMB settlement can be realized through UnionPay. After going abroad, you can spend and withdraw cash at ATMs of merchants and banks that support visa or MasterCard, and settle in US dollars.

2. There are two main types of dual-currency cards: one is a dual-currency credit card; The other is a dual-currency debit card. Dual-currency credit cards are credit cards with RMB and USD settlement accounts, and their functions are basically the same as those of single-currency credit cards. Dual-currency debit cards also have RMB and USD settlement accounts, which can be used for deposit and withdrawal and consumption of RMB and USD without overdraft function.

Advantages and disadvantages of dual-currency credit card

1. Advantages of dual-currency credit card:

In the case that foreign exchange has not been fully liberalized, the dual-currency card has brought convenience to people's consumption settlement for outbound tourism. Make RMB and foreign currency freely convertible within a certain limit. It can save time and energy to a great extent, and you don't have to go to the bank to change money before going abroad;

2. Disadvantages of dual-currency credit cards:

95% of dual-currency cards issued in China are only used in China, and transactions in foreign currency accounts do not exceed 5%. Most of the foreign currency accounts of dual-currency cards are idle, and the channels of overseas card organizations are occupied in vain. Some banks have to pay an annual fee for foreign currency accounts.

The above is the dual-currency credit card launched by Xi Cai Jun, and its advantages and disadvantages. In fact, on the whole, dual-currency credit cards are definitely good, but you need to choose according to your own needs. If you need to go abroad frequently, you'd better choose a dual-currency credit card.