Question 1: What is the meaning of automatic transfer of foreign exchange purchased by credit card? Hello,

There are dual-currency credit cards in credit cards,

but the ones used in China are unified. RMB,

When you use foreign currency, apply for the automatic foreign currency settlement function.

Then during the billing period, the foreign currency you swipe will be automatically converted into RMB according to the exchange rate of the day.

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This is the automatic transfer of foreign exchange purchase.

You can just repay according to the RMB amount on the bill in the future.

Question 2: What is automatic foreign exchange purchase and repayment? If automatic repayment has been activated, on the due repayment date, the bank will automatically convert the foreign currency account arrears into RMB and RMB account arrears, and automatically transfer the repayment from the RMB account of the wealth management card or passbook. If there is insufficient balance to repay the arrears in RMB and foreign currency accounts, automatic repayment will be unsuccessful. Other methods of purchasing foreign exchange include online banking and repayment, telephone foreign exchange purchase and repayment, and over-the-counter foreign exchange purchase and repayment.

Question 3: What is foreign exchange purchase? When we need to pay in foreign currency after a foreign currency transaction, the act of using RMB to purchase and exchange it for foreign currency payment is called foreign exchange purchase.

Question 4: What does Bank of Communications’ credit card automatic purchase of foreign currency and RMB deduction mean on the statement date? It means that on the statement date, the foreign currency debt in your credit card will be automatically converted into RMB according to the exchange rate on the statement date. If you owe money, it will be convenient for you to repay it.

Question 5: How to activate the "automatic foreign exchange purchase and repayment" function? It is recommended to use the "WeChat Bank" of Guangfa Credit Card to handle it. Follow the "Guangfa Credit Card" WeChat and select "My Card" → "I Want to Repay" "Repayment/Repayment Settings" → Send "2" and follow the prompts. You can select "Automatic repayment by our bank/Automatic repayment by UnionPay across banks/Automatic repayment by Guangfa Money Bag".

Question 6: What does it mean to automatically purchase foreign exchange and deduct RMB funds automatically on the Bank of Communications credit card bill date? Hello, if you have foreign currency consumption in this bill, the Bank of Communications will automatically debit your bill on the bill date. The foreign currency arrears are converted into RMB arrears at the exchange rate on the billing day. This is the automatic purchase of foreign exchange on the billing day. If you have enabled the automatic deduction function, on the repayment date, if there is enough money in your debit card to be deducted, the amount will be automatically deducted for you to repay the credit card debt. Automatic deductions need to be bound to a debit card. Card.

Question 7: What is the meaning of foreign exchange purchase and repayment by credit card? You use your domestic bank dual-currency credit card to spend U.S. dollars abroad. When the repayment period comes, you need to go to the bank counter or through online banking. You can use RMB to purchase U.S. dollars from the bank to repay the consumed U.S. dollars through phone banking, etc. This is the purchase of foreign exchange (foreign currency) repayment.

Question 8: I have a Bank of Communications credit card, and there is an "automatic purchase of foreign exchange on the statement date" on the online banking. What is this and what is its use? Automatic foreign exchange purchase on the statement date: This means that if your credit card uses U.S. dollars for consumption and you do not have U.S. dollars to repay, the bank will automatically help you use RMB to exchange on the day of your credit card statement at the exchange rate of U.S. dollars to RMB that day. US dollars to help you pay off the US dollar consumption you owe.

Question 9: What does it mean to automatically purchase foreign exchange and deduct RMB on the Bank of Communications credit card statement day? It seems that you have done this business, and then set the amount of foreign exchange purchase, and you will automatically buy it when the price reaches this price

Question 10: What does China Merchants Bank’s “overseas RMB repayment” (full foreign exchange purchase) function mean? It means that after spending U.S. dollars overseas, you only need to deposit the equivalent amount of RMB in your account after returning home. Automatically convert into US dollars for repayment.

This function needs to be activated by calling customer service 800-820-5555 or 021-38784800 and pressing 1-9.