Overseas shopping credit card

Nowadays, if you only know how to shop online, it is not considered trendy. Only when you have mastered overseas shopping can you be considered a real master. Needless to say, the advantages of overseas shopping are that on the one hand, you can buy quality-guaranteed foreign goods, and on the other hand, the prices of goods purchased through overseas shopping are much lower than domestic ones. If you want to enjoy overseas shopping, you should first apply for a credit card suitable for overseas shopping. Here are some credit cards for overseas shopping.

Overseas shopping credit card:

1. Bank of China all-currency card (EMV)

It is divided into gold card and platinum card. It is best to apply for platinum card. Because the Platinum Card earns double points for overseas transactions. There are EMV MasterCard and EMVVisa cards. The best one to choose is MasterCard. But not every area can apply for MasterCard.

I won’t go into detail about the detailed functions and service features, because I can’t explain them all. It depends on the value of his points. If you double the points, 9 yuan of consumption can be converted into 1 Air China mile, which is still very valuable.

2. Bank of Communications Wal-Mart Co-branded Credit Card—MasterCard

This card is a dual-currency card, suitable for purchases in the United States, but not suitable for purchases in Europe. I used to use it for a period of time. At that time, I only consumed it domestically, so I couldn’t feel its advantages. Now I finally know it, and I feel a little regretful:

1. There is a cash rebate for consumption, which is equivalent to 1 %

2. Earn 1 point for every 1 yuan spent domestically, and 7 points for every 1 dollar spent overseas (you know, Walmart’s US website also has a huge variety of products). When you spend in Walmart stores, your points will be doubled. All points can be used for purchases at Wal-Mart, and Bank of Communications has "Redtest Friday", which is equivalent to a 50% discount on Wal-Mart purchases on Friday.

3. Friends who own cars, don’t miss out on the benefits. This card can provide rebates on gas. If the non-gas consumption in the previous month was full? 2,000, if you refuel every Friday, you can get a maximum rebate of 25 yuan, and the maximum monthly rebate is 100 yuan. The rebate portion can only be used to offset gas consumption.

3. China Merchants Bank Multi-Currency Credit Card

Choose it to choose the service of China Merchants Bank Credit Card. Everyone is familiar with it, so I won’t go into details. Let me just say one thing: swiping your CMB card during your birthday is a shortcut to earn points.

4. Industrial Bank "Yu" Series Platinum Credit Card

Special note, does this card have? There is no waived annual fee of NT$900. What’s more, in addition to basically meeting the needs of overseas direct purchases, this card is especially suitable for users who frequent international business trips. The overseas airport VIP pick-up service and 10 million accident insurance are all special features.

Which Bank of China credit card is best for overseas shopping and overseas consumption? Please recommend.

If you hold a dual-label card of Bank of China, you can use UnionPay or international organizations overseas. For consumption, if you hold a single-label foreign currency card, you can use it overseas through international organizations.

The above content is for your reference, please refer to actual business regulations.

A must-read for those new to overseas shopping: Choosing a credit card for overseas shopping

Overseas transactions need to go through a multinational bank settlement system. Savings cards and debit cards do not have corresponding management platforms, so transactions cannot be settled. Overseas merchants may encounter charges that fail, even though you actually have money on your card. To avoid unnecessary hassles, a credit card is required.

Visa and Master Card are not fundamentally different. They are both cross-border payment and settlement platforms. Visa is currently the world's largest card issuer and payment settlement platform. Every credit card with the Visa logo can be used for consumption through Visa's settlement platform. As long as the merchant supports Visa or Master, and your credit card has the corresponding card issuer logo, you can make purchases at the merchant. The handling fees incurred during settlement shall be borne by the merchant. This is what Visa relies on. The full name of AE card is American Express. American Express is not a settlement platform, but a real bank. Therefore, AE Card uses a separate settlement platform to build a special merchant network with high-quality customers and the reputation of American Express. The AE card is nicknamed the "rich man's card" because the cardholder's creditworthiness and assets are above average. AE co-branded credit cards issued in China include CITIC, Industrial and Commercial Bank of China, and China Merchants Bank. JCB is a Japanese specialized credit card with strong presence in Asia. Credit cards with different logos have different payment platforms.

It doesn’t matter if the overseas shopping crowd chooses Visa, Master, or AE cards. AE cards only have some benefits in certain scenarios.

Paypal, you can understand it as international Alipay. Paypal is a completely independent third-party payment platform that can bind the applicant's local bank credit card or directly accept remittances from the account holder. If you don't have a credit card, you can apply for a Paypal account and deposit money into it to solve the settlement problem of online shopping.

Unfortunately, Paypal’s global influence is far from Alipay’s influence on domestic merchants. Many local merchants in the United States cannot use Paypal. In addition, Paypal also needs to differentiate by region, and the handling fee is very high.

The so-called restrictions on domestic cards are just a matter of credit card verification, not targeting Chinese credit cards. The American settlement system includes avs and addressverificationsystem. Since avs can only verify local address information in the United States through keywords, credit cards outside the United States cannot pass this system. U.S. e-commerce companies that use avs cannot use Chinese credit cards. But americanexpress has its own independent payment platform with different verification channels. This is the secret why AE card users can pass verification. Statement: The article comes from the Internet and is only for netizens to learn and communicate. If there is any infringement, please contact us to delete it.

What kind of credit card is good for overseas shopping?

Overseas shopping is what we often call overseas shopping. Overseas shopping generally adopts the method of payment first and delivery later. When using overseas shopping, the essential tool that cannot be ignored is a credit card, because all overseas shopping is settled by credit card. So, what kind of credit card is best for overseas shopping?

1. If you want to make overseas purchases, you first need to have a credit card that can pay in foreign currency. This type of card must have the logo of Visa, Master or American Express, otherwise you must choose a full-currency credit card from major banks. .

2. If you want to shop overseas, preparing a credit card that can pay overseas (Visa/Master) or an Alipay account is a must-do step.

3. The full-currency credit cards of various banks are also more suitable for cardholders who like overseas shopping. If you are doing overseas shopping outside the United States and America and Asia, it is better to either apply for a credit card in the corresponding currency, or apply for a credit card in all currencies, or pay an exchange fee.

In general, if the buyer holds a dual-label card, he or she can make purchases abroad through UnionPay or international organizations. If a buyer holds a single-label foreign currency card, he or she can make purchases abroad through international organizations.

Comparison of overseas shopping credit cards of various banks

Compared to Taobao, overseas shopping, as an emerging shopping method, has become the focus of online shopping. Once you become addicted to online shopping, you will be out of control. Naturally, you cannot do without a credit card if you want to do overseas shopping. So which bank’s credit card to apply for is a question faced by card lovers. Today I will tell you what are the advantages and disadvantages of each bank’s overseas shopping credit card?

1. China Merchants Bank:

The fees are not low. Even if you have a gold card, you will not be exempt from the fees for overseas emergency loss reporting and emergency replacement of the card. There will be activities such as cash back for US dollars, which is suitable for overseas shopping enthusiasts.

Advantages:

1. Rich card types, good service, you can apply for AE card, swipe the card 6 times without annual fee.

2. It is very convenient to purchase foreign exchange and repay it. What is particularly worth mentioning is that as long as you deposit RMB into your CMB credit card, you will have priority to automatically repay your US dollar debt. This means that you can use third parties such as Alipay, Tenpay, Kuaiqian, etc. to repay your US dollar debt without having to buy foreign exchange over the phone. It's more worry-free.

Disadvantages:

1. Currency conversion fees and US dollar selling prices tend to be higher among the 10 banks;

3. Overseas card-less transactions cannot be closed. Function.

2. China CITIC Bank

Advantages: You can automatically purchase foreign exchange, apply for an AE card, swipe the card 6 times without annual fees, the visa delivery service is also good, and there are many currencies. The US dollar selling price is lower and the quota is strong.

Disadvantages:

1. Currency conversion fee, overseas card-less payment function cannot be turned off;

3. Online banking function is relatively poor and cannot check the exchange rate.

3. Industrial and Commercial Bank of China

Advantages:

1. It has the most branches and many currencies. Unlike Bank of China, the selling price of foreign currencies is generally lower. You can purchase and repay foreign exchange directly in online banking and receive it in real time.

2. There are AE cards and multi-currency cards. There is no annual fee for swiping the card 5 times, and there is no handling fee for overpayment withdrawal; the currency conversion fee (also known as the overseas transaction assessment fee) is low, V is 1% , M is the lowest among all domestic banks. Therefore, if you use a U.S. dollar card to pay Euros in Germany and repay in RMB, considering the appreciation of RMB, you may save money on purchasing foreign exchange in RMB than using a Euro card.

3. It is more convenient to purchase foreign exchange and repay it. As long as you deposit enough amount in your debit card, in addition to automatic repayment, you can also directly purchase foreign exchange and repay it in online banking, and it will arrive in real time. Almost no banks provide this function. CCB’s online banking repayment of foreign exchange does not arrive in real time. Don’t underestimate this function. It can save money. You can keep refreshing and find a low selling price of foreign currency, and then purchase and repay the foreign currency. Money, great autonomy. In addition, you can choose to purchase foreign exchange in real time in online banking (foreign currency consumption is converted into RMB in real time, and accounts are recorded in RMB. It was only a few years later that Bank of China's Global Connect card realized this function).

4. The selling price of foreign currencies is generally low, and the foreign exchange quotations of various banks are always somewhat different. Although the quotations of various banks are not very different, the overall price of ICBC is relatively low, just a few points lower, but if the amount is large, If so, you'll still save some money.

5. You can easily turn on or open the overseas card-less payment function to improve security.

6. The interest-free period is 56 days. Although the billing date is always the 1st and the repayment date is always the 25th, it is already the longest. The currency conversion fee is the lowest among major banks, V is 1%, and M is Disadvantages:

1. The credit limit is not necessarily strong. In the early years, it was extremely difficult to apply for a credit card at ICBC. Even with very good financial strength, it was still difficult to apply for a credit card. It’s difficult, especially the Euro card, which is only 500 euros.

2. The service capabilities of each province vary greatly. For example, I have a Euro card, but the provincial card department said that there is no Euro card version, and the US dollar card version is used. Therefore, the pre-printed bin does not match the embossed bin. As a result, it was rejected once in Germany and I was forced to use the US dollar card. .

3. Each card needs to be repaid separately, and the total consumption of all cards will not be automatically calculated. < /p>

2. The selling price of foreign currencies is generally low, you can automatically purchase foreign exchange, and you can get points for Amazon U.S. dollars consumption;

3. You can manually set the overseas transaction function: "Close, only once, certain time period or permanently"; (TX who are worried about network security can set "only once" before overseas shopping, and the overseas transaction function will be closed automatically after payment)

4. Full payment for online ticket purchases Free insurance of 20 yuan.

Disadvantages: Few outlets.

5. China Construction Bank

It seems that no advantages have been found, and the disadvantages are not obvious. The US dollar selling price is often higher than the other 9 banks, and the currency conversion fee is 1.5%.

6. Bank of China

Use the country and currency (U.S. dollar V, British pound M, German euro V, Swiss euro V U.S. dollar V, Australian dollar V)

Advantages:

1. The highest level of internationalization. As the most professional foreign exchange bank in China, the overseas credit card business is the most mature. The design is mature and elegant. Most American cashiers know BOC, and there is no UnionPay plaster on the card surface.

2. Complete currency types.

3. Bank of China has many overseas outlets, and it is so convenient that you can go directly to the New York branch to repay the US dollar balance owed on the US dollar card. Suitable for people who are going abroad for a long time.

4. Real-time text messages, there will be calls after swiping foreign currency, but my international mobile phone roaming charges will be waived.

Disadvantages:

1. The selling price of US dollars is not low, often the highest.

2. Euro and pound credit cards do not waive annual fees. If you don't go to a Euro country or the UK, don't apply for these cards, because they are single-currency credit cards, which are not exempt from annual fees. Not only do you swipe the card domestically and use foreign currency for accounting, there is also a currency conversion fee. And these annual fees can be used to make many transactions with the US dollar card.

3. Online banking sucks. Before 2008, Bank of China didn’t know anything about online banking. Online banking has been available since 2008, but the interface is stingy and difficult to use. Credit card functionality is minimally customizable.

The single currency credit card has also been registered with another website in Hong Kong.

4. Cardless payment on overseas websites cannot be closed. In addition to the VBV and MasterCardSecureCode functions that can be registered for single foreign currency credit cards,

7. Bank of Communications

Use country and currency (US dollar M)

Advantages:

1. The US dollar selling price is slightly lower than that of ICBC and the same as that of China Everbright Bank. Anyway, it won’t be higher than Bank of China

2. The Golden Phoenix Card looks good.

3. The quota is super awesome.

Disadvantages:

1. Why is the currency conversion fee so high? The other company with the highest price is Everbright. So never use it in non-USD areas.

2. The overseas card-less payment function cannot be turned off. There have been reports of large-scale fraud by netizens.

3. Swipe your card quietly. No text messages or anything like that, that costs money.

8. Minsheng Bank

Use country and currency (US dollar V)

Advantages:

Very few

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Disadvantages:

Even for transactions in the same currency, a so-called foreign transaction fee of 1% is charged.

9. China Everbright Bank

Use the country and currency (U.S. dollar V card)

Advantages:

1. Sell in U.S. dollars The bids are low, often the lowest of all 10 banks. Off topic: But its US dollar demand deposits have the highest expected annual interest rate, so the US dollars are all emptied.

2. You can turn off the overseas card-less shutdown function through the phone, but it always feels inconvenient every time you call.

3. Real-time SMS notifications and frequent phone calls, which waste my international phone bill.

Disadvantages:

Currency conversion fee is as high as 1.95%

10. Hua Xia Bank

Using country and currency (US dollar M)

Advantages:

1. The Deutsche Bank logo on the card is familiar to many foreigners. Twice, the American cashier said: Yourcardisfantastic. I guess he saw the DB logo. .

2. The overseas credit card swiping function can be turned off. This function is different from closing overseas card-less payments, especially for countries such as Malaysia, where card information is used for fraud. It can be described as a major feature.

Disadvantages:

1. There is still a so-called conversion fee of 1% for the same currency

2. It is not as easy to use as Huaxia Debit Card. Hua Xia Debit Card is free of charge for overseas UnionPay cash withdrawals.

Which types of credit card overseas shopping are best for you

Nowadays, credit card overseas shopping has become more and more popular, and more people like to buy foreign products. This has greatly stimulated the opening and improvement of credit card payment functions in other currencies. So, do you know what payment methods are available for overseas shopping with credit cards?

Generally speaking, domestic credit cards are divided into UnionPay cards, dual-currency credit cards, and multi-currency credit cards. UnionPay credit cards only have the UnionPay icon on them, and they can basically only be used domestically and are useless abroad. Dual-currency credit cards generally have visa or Mastercard icons on them, but they only support US dollars and RMB. Multi-currency credit cards can support direct exchange of most currencies.

One of the card types: dual-currency credit card

For US dollar dual-currency cards, you will see three logos: Visa, Master, and American Express (Express). Generally speaking, There is no difference between the first two, but for some websites where VM card swiping often fails, the AE card swiping pass rate is higher. Introduce new card application users to apply for AE card directly.

Card Type 2: Multi-Currency Credit Card

Although the United States is the main base for overseas shopping, with the decline of the Japanese yen exchange rate and Japan’s ultra-fast transshipment, Japanese shopping has gradually Become the second battlefield. Although you can pay with a US dollar card, you will need to pay a currency conversion fee. If you buy a lot of things, it will be a big expense. At this time, it is more convenient to simply apply for a multi-currency card.

Card Type Three: Virtual Card

In addition, some websites also support Alipay or Paypal payment. Their payment range is not as wide as that of cards, but it is possible to cancel the order. Website shopping is sometimes easy to go through, so it is recommended as a backup payment option.

This is the end of the introduction about which credit card is better for overseas shopping and which bank visa card is better for overseas shopping. I wonder if you have found the information you need?