How is the interest calculated after using the China Merchants Bank credit card to make purchases in Hong Kong?
Hello, there are currently two basic credit card lines in Hong Kong, UnionPay lines and international lines (VISA, MASTERCARD, JCB, American Express). When the card is swiped on UnionPay lines, the payment will be settled directly in RMB; when the card is swiped on international lines, the payment will be settled in US dollars. Since overseas consumption by credit card will be settled in U.S. dollars, if the consumption amount is non-U.S. dollars, there will be an exchange fee between the two currencies, which is 1.5 of the transaction amount. If the consumption amount is in US dollars, there will be no foreign exchange settlement fee. When making purchases, you can ask the merchant whether there is a UnionPay credit card line to facilitate your choice.
How to calculate the handling fee for using China Merchants Bank credit card in Hong Kong
When overseas, you can choose the corresponding card according to the credit card organization logo on the credit card (such as: VISA, MASTERCARD, JCB, American Express, UnionPay) The card swiping machine on the route is used to swipe the card. There is no need to activate the card swiping function and no card swiping fee will be incurred.
①Swipe the card on the UnionPay line, settle in RMB, and repay in RMB;
②Swipe the card on the international line, settle in U.S. dollars, and repay in U.S. dollars, or activate the credit card purchase and repayment function.
Warm reminder
When taking the international route, consumption is settled in U.S. dollars (except credit cards in all currencies). Therefore, if the consumption amount is non-U.S. dollars, there will be an exchange fee between the two currencies ( Approximately 1.5) of the transaction amount. If the UnionPay line is used or the consumption amount is US dollars, there will be no foreign exchange settlement fee.
How to calculate when using UnionPay card in Hong Kong?
Is the deduction 2000 RMB or the converted RMB? -The debit will be in RMB at that time, and it will be calculated based on the price of RMB to Hong Kong dollars on that day, that is, the converted RMB.
The number entered by the salesperson in Hong Kong yuan is the number of Hong Kong dollars, and then print The receipt that comes out shows Hong Kong dollars.
In fact, that’s it. When you buy something in Hong Kong, it costs 10,000 Hong Kong dollars. Things in Hong Kong are of course priced in Hong Kong dollars, and then the amount entered by the salesperson is also 10,000 Hong Kong dollars. The receipt shows HKD. , but your domestic bank account (or your UnionPay account) will deduct RMB equivalent to 10,000 Hong Kong dollars (about 8,800 RMB, the daily price is a little different).
Don’t say it’s Hong Kong. This is the case in Japan. When I swipe Chinese UnionPay in Japan, the Japanese salesperson inputs the same amount in Japanese yen, but the bank account in China will deduct RMB equivalent to the Japanese yen.
How do I use a credit card in Hong Kong? Let’s stop talking about the introduction here.