The Agricultural Bank of China Golden Harvest World Credit Card is free of currency conversion fees worldwide
The Agricultural Bank of China Worldwide Credit Card is exclusive to all currencies and channels around the world for consumption and cash withdrawals without currency conversion fees. Discounts, as well as all-round benefits for domestic and overseas shopping and leisure, business travel, and health care, etc., are especially suitable for people who travel, do business, study abroad, and "overseas shopping".
The annual fee is 100 yuan, and the first-year annual fee is waived. Swiping the card 5 times is free of the next-year annual fee. The interest-free period is up to 56 days. The credit limit is 0-10,000, and the withdrawal limit is 50 of the credit limit. What are the exclusive functions and features of the Agricultural Bank of China Golden Harvest World Credit Card?
(1) Free currency conversion fees worldwide
From now until December 31, 2015, cardholders can spend and withdraw cash in any currency and through any channel around the world. No currency conversion fee (i.e. "international settlement fee"), which is generally 1% of the transaction amount, effectively saving overseas transaction costs.
(2) Convenient repayment
Cardholders in the country For transactions in any foreign currency, the bill will be automatically converted to RMB for repayment, or you can choose to repay directly in foreign currency (euro). The repayment method is flexible and convenient.
(3) Standard annual fee for gold card and platinum card. Level benefits
The first-year annual fee is waived when applying for a card in 2013, and the annual fee for the following year is waived for five card transactions in the first year; cardholders can enjoy the "Platinum Card/Business" in the "MasterCard Greater China Premier Privilege" for a long time For details of the "Card" privileges, please see the MasterCard website (4) Shopping and leisure privileges
1. Card discounts for Hong Kong, Macao and Taiwan. From now until December 31, 2013, after cardholders register on the MasterCard website, In Hong Kong, Macao and Taiwan, you can get 2 back for a single purchase through the MasterCard network;
2. Golf discounts. From now until December 31, 2013, cardholders can enjoy greens at 15 golf courses across the country. 30% to 40% off on fees;
(5) Business travel benefits
1. Exclusive airport benefits (1) Discounts on VIP lounges at more than 100 domestic and overseas airports. Discounted limousine transfer fees at many airports in Beijing, Shanghai, Guangzhou and Shenzhen.
2. "Two people traveling together, one person is free" in China Eastern Airlines' business class. . From now until May 31, 2014, cardholders who purchase business class tickets on designated overseas routes through the China Eastern Airlines website (can receive a business class ticket on the same flight).
3. A subsidiary of Starwood Hotel "Stay 2 nights, get 1 free". From now until December 31, 2013, cardholders who book through the Starwood website and stay for three consecutive nights at Starwood hotels and resorts in China, Hong Kong, Macao and Taiwan will enjoy the third night free.
(6) Health care privileges
Card holders can enjoy long-term 7×24-hour global emergency medical assistance services, including travel care, medical rescue and emergency oral messaging, etc. , please contact the Agricultural Bank of China credit card customer service hotline for details.
Note: 1. The "Exclusive Airport Privilege" is provided by Longteng Card, among which the airport VIP room service requires cardholders to go to the "Mastercard Zone" of Longteng Card website for special prices. It can be used after purchasing a Dragon Card; airport pick-up and express customs clearance services do not require a Dragon Card, and membership fees are waived. Cardholders can directly call the Dragon Card customer service hotline 400-882-1111 to make reservations for the above services. Only Agricultural Bank of China World Travel Credit Card can enjoy the discount.
2. The specific content and details of the above-mentioned shopping and leisure, business travel, health care and other benefits are subject to the announcement on the MasterCard website.
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Agricultural Bank of China Credit Card Selection
Should you choose single currency, dual currency or full currency credit card for overseas consumption
1. Single currency credit card saves money but There are limitations
Nowadays, UnionPay is becoming more and more popular around the world. Although there is still a gap between UnionPay and VISA and MasterCard, it has limitations in this convenience. Since UnionPay cards are settled in RMB, there is no currency conversion fee for card purchases at overseas POS machines and domestic repayments. From the perspective of reducing the cost of outbound travel, it is still a good choice.
Moreover, after swiping a card overseas for consumption, you can repay the money directly in RMB when you return.
What will happen if the dual-currency credit card expires and you don’t replace it? Is it necessary to change the card?
2. Dual-currency credit cards require currency conversion fees
Some people may say that dual-currency is better. Dual currency card refers to a credit card with both RMB account and foreign currency account. Generally, there is a UnionPay logo on the upper right side of the front of the card, and a VISA, JCB or MasterCard logo on the lower right side. Now, VISA or MasterCard dual-currency credit cards can be used in more than 200 countries, which makes it more convenient to find consumer merchants.
However, there is no such thing as dual currency in the world. It only exists in China. Dual currency credit cards use RMB settlement when swiping the card domestically. If the card is swiped abroad, it will automatically enter the foreign currency settlement system. , depending on the type of card, it is first converted into U.S. dollars or Euros. When spending in places other than U.S. dollars or Euros, it will be converted into the local currency for settlement. It will be converted again when repaying, and it will be transferred back and forth because currency conversion has occurred, so A fee of 1 to 2 will be charged. When you come back to repay, you still need to perform an exchange first, and another currency conversion fee will be incurred.
In addition, some dual-currency cards require annual foreign currency account fees or management fees. If you don’t understand your dual-currency card, you may not even know if it is overdue. If there are two accounts, the possibility of being swiped increases accordingly.
3. All-currency credit cards are barrier-free for overseas consumption and have no currency conversion fees
The main function of all-currency cards, which are barrier-free for overseas purchases, is to waive currency conversion fees, and Can handle transaction needs of all currencies. No matter which country or place you spend, you can repay directly in RMB after returning home, eliminating the need to purchase foreign exchange. In addition, China Merchants Bank's all-currency international cards also come with high-value travel accident insurance.
Multi-currency cards not only combine the advantages of the above two cards, but also avoid their disadvantages. Moreover, the multi-currency cards issued by various banks are free of annual fees. The only fly in the ointment is that all currency cards do not support the UnionPay channel for the time being.
In summary, single currency, dual currency and multi-currency all have their own pros and cons. However, we introduce the full-currency card. There is no currency conversion fee when swiping the card overseas. It can be swiped all over the world, and it can be directly returned to the country. Just pay it back in RMB, which is more convenient and affordable than single currency or dual currency!
Finally, I would like to introduce two full-currency cards to you, China Merchants Full-Currency Card, Full-Currency International Chip Card and ICBC VISA Full-Currency ICBC Global Travel Credit Card.
What are the benefits of a full-currency credit card? What does no currency conversion fee mean?
Many banks have full-currency credit cards. We have introduced them before. Citizens can also choose according to their own needs. Banks that issue full-currency credit cards include China Merchants Bank, China CITIC Bank, Industrial Bank, Bank of China, China Minsheng Bank and many other banks allow cardholders to apply in advance before going abroad. What is the general credit limit for China Merchants Bank visa all-currency cards?
The most consistent feature of each bank’s full-currency cards is that they can waive currency conversion fees when making purchases abroad, even if there is no UnionPay channel. , you can save currency conversion fees by swiping all-currency cards.
Using a full-currency credit card, consumers use the card to make purchases abroad and swipe the card to make purchases abroad. During settlement, the card issuer will convert the local currency consumed into U.S. dollars, and then convert it into RMB and directly charge it into the RMB account. , the exchange rate uses the exchange rate of RMB against the US dollar on the day of your purchase. You only need to pay back the RMB after returning home.
It should be noted that the exchange rate of all-currency credit cards uses the exchange rate of RMB to US dollars on the day of your purchase, not the exchange rate of the day of your repayment. In this way, there is no need to worry about the impact of another depreciation of the RMB on the repayment amount after consumption.
In short, when the RMB is expected to appreciate, it is more cost-effective to bookkeeping in US dollars; conversely, it is more cost-effective to bookkeeping in RMB. The same is true for other currencies, especially some currencies with large exchange rate fluctuations in the short term. Knowing their trends can indeed "buy the bottom".
What are the differences between China Merchants Bank’s dual-currency credit card and full-currency credit card, which one is better?
We often compare dual-currency credit cards and single-currency credit cards. The most critical difference between the two is that overseas Dual currency credit cards are more convenient when shopping. So, did you know that China Merchants Bank also has a full-currency credit card? What is the difference between this and a dual-currency credit card?
1. China Merchants Bank dual-currency credit card
A dual-currency credit card means that the card has two currencies, usually RMB plus US dollars, euros or Japanese yen. It has two currencies. account credit card. Generally, there is a "UnionPay" logo on the upper right side of the front of the card, and a VISA, JCB or MasterCard logo on the lower right side. VISA or MasterCard dual-currency credit cards can be used in more than 200 countries, making it more convenient for cardholders to find consumer merchants abroad.
2. China Merchants Bank All-Currency Credit Card
The main function of the All-Currency Credit Card is to waive currency conversion fees and handle transaction needs in all currencies. No matter which country or place you spend, you can repay the money directly in RMB after returning home, eliminating the need to purchase foreign exchange. In addition, banks' all-currency international cards generally come with high-value travel accident insurance.
3. The difference between dual-currency and full-currency credit cards
1. Different scope of use
Full-currency credit cards are generally single-label cards and cannot use the UnionPay route. , that is, it cannot be used in China, but dual-currency credit cards can be used in China.
2. Different charging standards
In terms of annual fees: dual-currency credit cards have a limit on the number of card swipes, and the annual fee can be waived only after reaching the limit; all-currency credit cards are unconditionally exempt from annual fees;
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In fact, whether to get a dual-currency credit card or a full-currency credit card depends on your needs.
About the 1.5 currency exchange handling fee of the Great Wall Global Pass credit card
Overseas consumption handling fee: There is no handling fee for UnionPay cards, and non-UnionPay cards are used for purchases other than US dollars or Japanese yen. The currency will be charged an international currency exchange fee. VISA and MasterCard charge 1.5% of the transaction amount, and JCB charges 1% of the transaction amount. Some Bank of China credit cards are temporarily exempt from international currency exchange fees, such as Global Pass cards, etc. It is recommended that you call the credit card customer service hotline 4006695566 and select No. 0 for manual service for detailed consultation.
The above content is for your reference, please refer to actual business regulations.
Which banks can apply for VISA international credit cards
1. Industrial and Commercial Bank of China
The Universe Constellation Credit Card (hereinafter referred to as "Constellation Card") is divided into simple platinum and gold level. The card faces have the same design, and are distinguished by the base color on the side of the card. Black is simple platinum, and red is gold. Among them, the Simple Platinum Card enjoys exclusive VISA Platinum Card privileges, as well as all the Platinum Card benefits of our bank except airport VIP lounges, high-speed rail VIP lounges, aviation accident insurance, travel inconvenience insurance and other travel insurance.
2. Agricultural Bank of China
The Agricultural Bank of China Visa Olympic Credit Card is specially designed for customers who advocate sportsmanship and pay attention to the Olympics and tourism. The products are free of annual fees and currency conversion fees, and there are many discounts and services such as travel, overseas shopping, online shopping, etc. to meet outbound needs such as traveling and studying abroad.
3. China Merchants Bank
China Merchants Bank’s all-currency international credit card is the first chip credit card in China that complies with international EMV standards and has VISApayWave function. It is characterized by not only having a traditional magnetic stripe The identification system also uses a highly integrated chip as an information carrier, laying the foundation for the security and functional expansion of credit cards.
4. Minsheng Bank
With Minsheng Visa all-currency credit card, you can spend 0 foreign currency transaction fee on global Visa channels, and withdraw cash from overseas ATMs, 3 overseas cash withdrawal fees are waived. . If you stay for 2 consecutive nights at Hyatt Hotels Group hotels in Greater China and Asia (Japan, South Korea, Thailand, Maldives, etc.), you can enjoy a free extension on the third night.
5. China CITIC Bank
MasterCard Standard Platinum Credit Card (Master), select nearly 200 high-quality golf clubs and driving ranges in more than 60 cities across the country.
On this basis, 4 new sports services (tennis, high-end fitness, badminton, and swimming) have been added, covering nearly 500 venues in 25 key cities including Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, and Zhengzhou, with reasonable distribution of venues.