Visa: Japanese yen is USD according to the exchange rate of Japanese yen and USD on the day of visa +1.5% currency conversion fee, and the bill is credited to the USD account, and foreign exchange is automatically purchased through the bank at the time of repayment. The USD bill is RMB bill according to the exchange rate on the date of repayment by the bank.
because credit card accounts are RMB and USD accounts, when you swipe Japanese yen, the lines organized by which card will be converted into the bookkeeping currency of your credit card according to the exchange rate organized by this card, and then converted into RMB according to the exchange rate of UnionPay when you use UnionPay, converted into USD according to the exchange rate of visa when you use visa USD card, and converted into EUR according to the exchange rate of visa when you use visa Euro card. In this conversion process, the card organization will charge the currency conversion fee according to the proportion of consumption. Usually, visa and master banks will charge 1.5% currency conversion fee, AE American Express Bank will charge 2% currency conversion fee, and UnionPay clearly does not charge currency conversion fee during currency conversion.
so if you use JCB's dual-currency card directly, do you charge for it directly in Japanese yen, and there is no currency conversion fee? This really depends on the situation: JCB dual-currency cards issued in China have both Japanese yen accounts and US dollar accounts. Dual-currency cards with Japanese yen accounts, such as ICBC's lucky cat card, are directly charged when spending Japanese yen. If your JCB dual-currency card is a US dollar account, you still have to charge 1.5% currency conversion fee when you spend Japanese yen.
therefore, whether the goods are received or not depends on the type of account of the credit card, not what label is hung on the credit card. You use visa's euro card to spend money in the United States, and you have to receive it and transfer it to the United States.
At present, it is clear that UnionPay is the card organization that does not charge freight forwarding. If you open international roaming, you can receive short messages at the moment of swiping your card, and how much foreign currency you spent and how much RMB you converted. It is convenient for those students who don't want to spend more time on saving money.
As mentioned earlier, the currency conversion fee will only be available when the currency you consume is inconsistent with the currency charged by the credit card, so if it is consistent, there will be no currency conversion fee. Indeed, if you want to spend money in the euro zone, you can get a euro dual-currency card, a dollar dual-currency card in the United States and a yen dual-currency card in Japan, and this problem can be solved.
What's even better is that ICBC has launched a multi-currency credit card, which contains 1 foreign currency accounts. When swiping these 1 currencies, it can be directly charged to the corresponding account of the credit card. A card can have 1 functions, isn't it awesome? But, if you brush these 1 currencies, it is still inevitable.
With more and more opportunities for friends around to go abroad, many banks have simply launched credit cards free of goods transfer, such as CITIC Bank's all-currency credit card and China Merchants Bank's all-currency credit card. These are all exempt from currency conversion fees, and it is still worthwhile to do it for large overseas credit card users, and it is also a large amount to save% of the goods transferred from the line with large credit card volume.
For more information, please pay attention to the professional credit card service platform-Credit Card Forum (〕 Credit Card Forum) and provide you with more preferential information, credit card guides and credit card strategies for bank credit cards, so that you can use your credit cards better.