What's the difference between buying foreign exchange with foreign currency and buying paper money? If I buy foreign exchange and deposit it in ICBC's credit card, can I pay directly when I go abroad?
Hello, your question first depends on what kind of bank card it is. If you are in a credit card, then the credit card can only buy cash and deposit it. If you deposit foreign currency, you must use the foreign currency channel when you swipe your card abroad, so that you can use the deposited amount. If you use UnionPay, you will use RMB instead of your foreign currency.