Visa cards can be used by nearly 36 million merchants around the world, including many schools, examination websites and foreign airlines that need to pay for studying abroad. Experienced study abroad consultants will tell parents that preparing a Visa card can improve the efficiency. As much as tens of thousands of dollars in tuition fees and thousands of dollars in air tickets, as little as tens of dollars in examination fees, application fees, insurance fees and occupation fees, whether you swipe your card in person or pay remotely, you can pay in real time through the Visa card, and you don't have to go to the bank counter to handle remittance and purchase and exchange procedures, let alone bother to inquire and wait for remittance to arrive.

When you first arrive in a foreign country, many things need time to get used to. When you get there, applying for local credit cards and debit cards will increase the difficulty and complexity of adapting to foreign life. If you go abroad with the Visa credit card and debit card that you have done well in China, just like parents accompanying you, it can be used to pay tuition fees and initial settlement expenses, and also help children quickly integrate into local life (for example, foreign students are used to buying books and school supplies online, and booking travel itineraries online in advance during holidays, etc.).

Use the product mix skillfully, and parents will take care of you during the whole study abroad

1. Combination of main and auxiliary cards:

● Parents can set up a Visa credit card as the main card and a supplementary card for their children, so that the children can swipe their cards overseas and the parents can repay them in China, thus saving the trouble of remittance, and the repayment of foreign exchange generated by overseas credit card spending does not occupy the personal annual foreign exchange purchase quota;

● The credit limit of supplementary cards can be flexibly controlled by parents according to their daily study and life needs. Usually, the credit limit can be set to meet the basic living expenses of each month. In special circumstances, such as tuition payment and large consumption demand before returning to China, the credit limit of supplementary cards can be temporarily increased;

● Parents can choose to send SMS reminders for each transaction, or receive monthly bills only at the end of the month, and flexibly control the consumption of attached cards according to their children's independence

● Some parents are worried that the long-term use of domestic credit cards abroad will cost a lot. In fact, if you choose a card with the currency corresponding to the destination of studying abroad, you will not incur the cost of currency conversion by swiping it (it is misleading for any card organization to charge 1%-2% currency conversion fee on the Internet); In addition, banks such as China, Agriculture, Construction, China Merchants, Shanghai Pudong Development Bank and CITIC have recently launched Visa credit card products free of currency conversion fees, which are very suitable for studying and working abroad for a long time.

● Choosing an international standard EMV chip card is safer than a magnetic stripe card, and the card is not easy to be copied and stolen, which can provide a higher level of security protection for children to use the card overseas. At present, both Bank of China and ICBC have issued EMV international credit cards, and Bank of Beijing has also issued EMV international debit cards, which can be used at outlets immediately, which is very suitable for situations where you have to go abroad urgently and have no time to wait for the batch of cards to be delivered.

2. The combination of credit card and debit card is correct:

● Parents who don't trust their children to use credit cards can also use Visa debit cards for their children. Like Visa credit cards, they can be used for consumption and cash withdrawal at ATM, but the difference is that the consumption/cash withdrawal amount depends on the account balance, and how much they spend; (China Construction Bank, China Merchants Bank, Minsheng Bank, CITIC Bank and Bank of Beijing can handle it)

● The balance of debit cards bears interest, and all of them have multiple accounts in RMB and foreign currency, so parents can freely purchase and exchange foreign exchange and set the balance of each currency account. And like credit cards, the purchase of foreign exchange generated by debit card consumption does not occupy the personal annual purchase quota (still using traveler's checks? You are OUT! );

● Debit cards of some banks are also in the form of primary and secondary cards. Parents take the primary card in China and their children use the secondary card abroad. Parents can flexibly set the balance of supplementary cards through telephone banking, online banking and other channels. For example, if the balance of supplementary cards is set to zero at ordinary times, children mainly use credit cards for consumption. In case of the need to withdraw cash, the balance of supplementary cards of debit cards can be temporarily adjusted, and children can withdraw cash immediately abroad.

● The combination of credit card and debit card is the most reasonable, because in order to protect the security of cardholders' account funds, most debit cards are set to only support offline credit card transactions by default, while credit cards are more suitable for online card-free transactions such as booking hotels, air tickets, online shopping, and paying examination fees, and in case of disputed transactions or stolen cards, they will not directly lose the funds in their accounts like using debit cards.