1. The amount of currency used for settlement is different:
The dual-currency card is UnionPay VISA RMB USD, so there is no difference between dual-currency and full-currency shopping in Amazon, USA (case 1). However, if you shop in Amazon, Japan, the dual-currency card will first transfer the Japanese yen into the US dollar account according to the exchange rate and currency conversion fee of VISA on that day (case 2), and then repay the RMB against the US dollar.
2. Different characteristics:
VISA or MasterCard dual-currency credit cards can be used in more than 200 countries, so it is more convenient to find consumer merchants.
Dual-currency credit cards are settled in RMB in China. If you swipe your card abroad, it will automatically enter the settlement system. Depending on the type of card, it will be converted into US dollars or euros first, and then converted into local currency when it is not spent in US dollars or euros. When they are repaid, they will be converted again and again. Because of the currency conversion, they will be charged 65,438+0% to 2%.
The main function of all currencies is to exempt currency conversion fees and handle the transaction needs of all currencies. No matter where you spend money, you can repay it directly in RMB after returning home, and you can also avoid the formalities of purchasing foreign exchange. In addition, banks' all-currency international cards generally give away high travel accident insurance.
Multi-currency card not only combines the advantages of single-currency card and dual-currency card, but also avoids their disadvantages. Moreover, at present, multi-currency cards issued by various banks are free of annual fees. However, all currency cards do not support UnionPay channel for the time being.
Extended data:
Features of dual-currency card of Shanghai Pudong Development Bank:
1, RMB/USD dual currency settlement
The credit cards of Shanghai Pudong Development Bank are settled in RMB and USD respectively. When the cardholder uses this card in China, it will be settled in RMB; When the cardholder uses it abroad, it will be settled in US dollars. After returning home, he can choose to return the amount spent abroad in US dollars or RMB.
2. Universal
This cartoon is used by more than 20 million merchants around the world, and more than 840,000 ATMs around the world withdraw cash.
RMB repayment in consumption abroad
You can sign up for consumption and withdraw cash within the credit line without depositing any cash in advance, and experience the relaxed and advanced consumption mode.
3. Interest-free repayment period
This card can enjoy the interest-free repayment period of consumption while experiencing the new life of the contracted account. If you sign an account with this card (excluding cash withdrawal), you can enjoy an interest-free repayment period of up to 50 days from the trading day to the due repayment date. Cardholders only need to pay off the current balance on the statement before the due repayment date, so they don't have to pay interest for these expenses.
4. Minimum repayment amount
This card also provides a minimum repayment amount. The minimum repayment amount is the minimum amount that needs to be returned every month. Cardholders are free to choose this repayment method, which can not only flexibly handle their own funds, but also reduce the repayment pressure. (Minimum repayment amount and interest-free repayment period cannot be enjoyed at the same time)
Is the VISA credit card of Shanghai Pudong Development Bank dual currency?
VISA credit card of Shanghai Pudong Development Bank is not necessarily a dual-currency card. Definition of dual-currency card: refers to the bank card issued by many domestic banks with RMB and account settlement accounts, and with the logo of UnionPay and another international bank card organization.
Common international bank card organizations include Visa, Master and AmericanExpress. The three major international bank card organizations have cooperated with major domestic banks to issue bank cards.
Extended data:
Dual currency credit card
(1) Definition: Dual-currency card refers to a bank card with both RMB account and account. Most of these cards start with 4 or 5, and the "UnionPay" logo is affixed to the upper right corner of the card, and the VISA or MasterCard logo is affixed to the lower right corner.
(2) Advantages: Currency exchange fee/In the current situation 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 RMB freely convertible within a certain amount.
(3) Disadvantages:
At present, 95% of the dual-currency cards issued in China are only used in China, and the account transaction does not exceed 5%/ currency exchange fee. Most dual-currency card accounts are idle, and overseas card organization channels are occupied in vain.