application conditions for dual-currency credit card

The age of the applicant applying for dual-currency credit card must meet the relevant regulations of the bank. The bank stipulates that the age of the dual-currency credit card applicant must be between 18 and 6 years old, and the applicant needs to have a stable job and income. Under the condition of full civil capacity, the applicant also needs to have a good personal credit, among which no overdue record and timely repayment are the simplest requirements.

The dual-currency card we often say refers to a bank card with both RMB accounts and foreign currency accounts, such as USD and EUR. Dual-currency cards can be used at home and abroad at the same time, with China taking the UnionPay channel and foreign countries taking the overseas channel. If you use RMB for repayment abroad, it will be converted into RMB for repayment according to the exchange rate of the credit card issuing bank. Dual-currency credit cards have basically the same functions as single-currency credit cards. Dual-currency debit cards also have RMB and USD settlement accounts, which can be used for deposit, withdrawal and consumption of RMB and USD, and have no overdraft function. The common dual-currency credit cards are UnionPay Visa, UnionPay Mastercard and UnionPay JCB. Credit cards can be classified in many ways. In terms of currency, they can be divided into single-currency cards and dual-currency cards. In China, they can be divided into dual-currency cards and RMB cards according to currency, and dual-currency generally refers to RMB and US dollars or RMB and Euro.

With the continuous improvement of living standards, traveling and shopping abroad has become a very common thing, thus forming a widespread demand for bank cards settled in foreign currency. Therefore, many domestic banks have successively cooperated with international bank card organizations such as VISA (VISA) and MasterCard (MasterCard) to launch bank cards with RMB and USD settlement functions. In China, RMB settlement can be realized through UnionPay, and after going abroad, they can spend and withdraw cash at merchants and bank ATMs that support Visa or MasterCard, and settle in USD.

The advantages of the dual-currency card are currency exchange fees. Under the condition that foreign exchange has not been fully liberalized, the dual-currency card brings convenience to people's consumption settlement for outbound travel. Make RMB and foreign currency freely convertible within a certain amount. The disadvantages of dual-currency cards are that 95% of dual-currency cards issued in China are only used in China, and foreign currency account transactions do not exceed 5%/ currency exchange fee; Most foreign currency accounts of dual-currency cards are idle, and the channels of overseas card organizations are being occupied in vain.

How to handle a dual-currency credit card? Look here

A dual-currency credit card is a credit card issued by a bank with two currency settlement accounts, including RMB and foreign currency accounts. Dual-currency credit card mainly provides convenience for consumption abroad, and it is suitable for friends who often travel and travel abroad and study abroad. Here's how to apply for a dual-currency credit card to popularize science, hoping to help you.

knowledge popularization of dual-currency credit cards

All banks in China have their own dual-currency credit cards. Although the names of dual-currency credit cards in each bank are different, the international standard dual-currency credit cards in each bank are mostly divided into two types: Visa card and MasterCard card card. You only need to choose different types of cards when you apply for a credit card, or you can choose both types at the same time.

Generally speaking, there are four types of dual-currency credit card organizations, and how to handle them can be reasonably chosen according to the main areas of their consumption:

Visa card

: mainly suitable for consumption in Asia, Europe and America;

MasterCard

: mainly suitable for consumption in Europe and North America;

JCB card: mainly applicable to Japanese consumption abroad;

AmericanExpress card

: mainly suitable for Haitao USA.

Conditions for handling dual-currency credit cards

1. Identification certificate

Domestic resident ID card, household registration book, home visit card, military card, passport and other identification documents accepted by banks.

2. Applicant's age

Applicants must be between 18 and 6 years old.

3. Income certificate

Generally, it is the original work certificate stamped with the official seal of the financial department of the unit. If the salary is paid by the bank, the bank account number can be provided directly or a copy of the designated statement or passbook can be provided as required by the bank.

4. Work certificate

Generally, it is the original work certificate with the official seal of the personnel department of the unit.

5. Proof of financial resources

It can be a payroll record issued by the bank, or an income tax withholding certificate, or documents proving the market value of the house, car, deposit and investment (such as a copy of the real estate license/car driving license/bank time deposit certificate) and other materials that can prove your financial level.

The above conditions are indispensable. Banks may have additional specific requirements on how to handle dual-currency credit cards of different banks. Please consult the customer service staff of the bank.

How to handle a dual-currency credit card

Choose an appropriate dual-currency bank credit card, get an application form-understand the application conditions-fill in the application form-prepare supporting materials-submit the application form and application materials-pass the examination and approval-receive the credit card-open it-use it.

I believe that now you have a general understanding of how to apply for a dual-currency credit card, and you can choose to apply for a dual-currency credit card that suits you if necessary.

how to apply for a dual-currency credit card

The application procedure for a dual-currency credit card is the same as that for a single-currency credit card. Take China Merchants Bank as an example:

1. Application conditions:

Mainland Chinese residents, who are over 18 years old, have full civil capacity, have stable and legal income sources and repayment ability, and have good asset reputation.

2. Application materials:

1. Identity certificate: generally, it is the original ID card and a copy of the front and back. Soldiers need to provide a copy of their military ID card;

2. Work certificate: it can be the original work certificate issued by the employer, or a copy of work permit and license, or a personal business card issued by the company;

3. Proof of financial resources: it can be the salary records paid by the bank, or the income tax withholding certificate, or the documents certifying the market value of the house, car, deposit and investment, which can prove the financial level of the applicant;

4. Other supporting documents: personal account list of social insurance in recent months, water gas bill, credit card bill of other banks, etc.

Extended information

Functions of dual-currency credit cards:

1. Free credit card spending at home and abroad. Dual-currency credit cards have both UnionPay and foreign currency (visa, MasterCard, American Express, etc.) settlement channels, and can also be used for credit card spending abroad.

2. automatically purchase foreign exchange for repayment. Dual-currency credit card has the function of automatic foreign exchange purchase and repayment, so you can exchange foreign currency bills by depositing RMB, eliminating the trouble of manual foreign exchange purchase and exchange rate conversion.

3. Advance cash. With the dual-currency credit card, you can overdraw and withdraw cash at all foreign currency channels such as UnionPay networked ATMs and visa, so as to meet the cash needs of cardholders anytime and anywhere.