When we use credit cards, we often hear about single-currency credit cards and dual-currency credit cards. So, what is a single currency credit card? The editor specially compiled this article for your reference only.

Single-currency credit cards refer to credit cards that are set up with only a single settlement currency, and traditional credit cards fall into this category. This is an electronic payment voucher that allows the cardholder to obtain a certain credit limit, allowing the cardholder to overdraft consumption or withdraw cash. If it is paid off before the specified date, interest will be waived.

In fact, in China, people often refer to single-currency credit cards as RMB cards. The single-currency card that is most popular among major banks is the UnionPay Standard Card. In China, the advantages of single-currency cards are not limited to convenient consumption and widespread use.

When using a credit card, in addition to the annual card fee, you also need to pay the annual fee for the foreign currency account. Single-currency credit cards do not require annual fees for foreign currency accounts, but they only support RMB consumption when spending overseas. Obviously, the degree of restrictions is greatly increased.

At the same time, the issuing group of single-currency credit cards is also restricted. They mainly target domestic consumers and use the UnionPay card swiping channel. You can take part in the bank's promotions.