Foreign currency transactions are recorded at the exchange rate on the date of entry. If you choose to purchase foreign exchange for repayment, the exchange rate on the day you purchase foreign exchange will be used.

Credit card business management methods:

1. Credit cards issued by overseas institutions and used in China must not be less than 4% of the transaction amount.

When a domestic bank signs a credit card agency acquisition agreement with an overseas institution, the profit distribution ratio shall be based on the domestic bank and the overseas institution accounting for 37.5 and 62.5 of the handling fees paid by the special unit respectively.

2. The issuing bank shall comply with security management requirements when issuing credit cards. The card and password shall be delivered separately and the cardholder shall be prompted to receive them. When a credit card is issued, the cardholder shall be informed in writing of the credit card statement date, credit card regulations, and instructions for safe card use. The card-issuing bank shall establish operating procedures for credit card activation, and shall verify the identity information of the credit card holder before activation. Credit cards whose use contract (agreement) has not been confirmed by the applicant's signature and whose identity has not been confirmed by the activation procedure shall not be activated.

3. Newly issued credit cards, lost cards, damaged cards, expired cards, etc. must be activated before they can be used by cardholders. No fees may be charged on credit cards that have not been activated by the cardholder.

How long does it take to be overdue before a credit report

Within three days of overdue: All banks will provide timely services to cardholders. If the debt is repaid within 3 days, it will be deemed to have been paid on time. payment. But in fact, the implementation of each bank is different. For example, Agricultural Bank of China can only defer repayment for 2 days, while China Construction Bank can automatically defer repayment for 5 days. If you are unsure, you can call the bank’s customer service hotline for consultation. As long as you repay within the grace period, it will not be counted in your credit report and you will not be charged any interest.

Overdue for more than three days: Basically, it will be included in the central bank's credit reporting system. The bank will charge late fees according to standards and penalty interest at a daily interest rate of 0.5%. However, because the overdue period is relatively short, the impact on future loan applications or credit card applications will not be that great.

Overdue for more than 90 days or more than six times in total: It will seriously affect your credit record and you will be added to the blacklist of financial institutions. It is impossible to apply for loans or credit cards, and even transportation will be affected.

Legal basis

"Criminal Law of the People's Republic of China"

Article 196 (Crime of Credit Card Fraud) One of the following circumstances , who commits credit card fraud activities and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years. Imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the sentence is to not less than 10 years in prison or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or confiscation. Property:

(1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;

(2) Using an expired credit card;

(3) Pretending to use other people’s credit cards;

(4) Malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank.

(Theft) Whoever steals a credit card and uses it shall be convicted and punished in accordance with the provisions of Article 264 of this Law.