How to automatically purchase foreign exchange by credit card for repayment/How to open it

Many friends think that after spending money with dual-currency credit cards when they travel and shop abroad, they can just exchange RMB for foreign currency after returning home, but this is not the case. If the cardholder's dual-currency credit card does not have the automatic remittance function, repayment in RMB will still be overdue. Then, how to open this automatic foreign exchange purchase repayment?

Dual-currency credit card is "one card, two accounts". Cardholders spend or withdraw money in foreign currency abroad. After returning to China, repayment is not only done by depositing in RMB, but also by purchasing foreign exchange, otherwise, foreign currency bills will always be in arrears.

if the cardholder's dual-currency credit card has opened the automatic foreign exchange purchase business and deposited enough RMB, the cardholder's RMB repayment will be automatically converted into US dollars to repay the arrears of the US dollar account. Otherwise, the cardholder can only go to the counter to exchange money and make manual repayment.

then, how to open the automatic repayment of foreign exchange by credit card?

There are many ways to open the credit card automatic foreign exchange purchase repayment service, such as when filling in the application form, opening the customer service phone, and opening the SMS application, etc. The details are as follows:

1. Opening the application form: most banks have opened the "automatic foreign exchange purchase" service, and applicants can open the dual-currency credit card by simply checking this service on the application form.

2. Customer service telephone service is opened: the cardholder can call the 24-hour customer service hotline of the issuing bank with the reserved mobile phone number, and the manual service will be opened, which generally takes effect within 3 working days after opening.

3. SMS application for activation: cardholders can use the mobile phone number registered with the issuing bank to edit related SMS, and send it to the issuing bank's fixed service number to apply for activation, which will take effect in real time.

After the automatic foreign exchange purchase repayment is started, the following points should be noted:

1. Due to the real-time fluctuation of exchange rate, cardholders can deposit more money when depositing, so as to avoid the exchange rate change and the money deposited is not enough for repayment.

2. The automatic foreign exchange purchase and repayment function of credit card will take effect permanently once it is applied. If the cardholder does not take the initiative to cancel, once the foreign currency account has consumption, the foreign currency account will still be given priority in repayment in the current month.

sincerely ask for help! ! ! How to fill in the application form for Bank of China to purchase foreign exchange ~! ! ! How to write the amount of foreign exchange purchased, in dollars or RMB?

the "currency/amount of foreign exchange purchase" in the application for foreign exchange purchase is the currency and amount of foreign currency purchased. For further information, please call the customer service hotline of China Bank at 95566.

the above contents are for your reference. please refer to the actual business regulations.

What is the repayment of foreign exchange purchased by credit card?

Just came back from abroad, the credit card was overdrawn a lot, and your RMB account was enough to pay off the money in the foreign currency account. I thought I didn't have to worry about it, but I found that the money in the RMB account would not be repaid automatically. At this time, you need to open the credit card foreign exchange purchase service.

what is the purchase of foreign exchange by credit card?

as we all know, a dual-currency credit card has two accounts, one is a RMB account, and the other is a foreign currency account. If you use a foreign currency account to spend money or withdraw cash abroad, you can't directly use RMB to automatically repay foreign currency after you return home. You must repay it by purchasing foreign exchange, which is actually using RMB to buy foreign currency.

if the cardholder uses the dual-currency card to spend money abroad, it is impossible to repay the foreign currency account debt by directly depositing RMB into the credit card. This is because the RMB and foreign currency bills of the dual-currency credit card are separate. If you want to repay the foreign currency debt directly in RMB, you must start the automatic foreign exchange purchase business, so that the cardholder's RMB repayment can be automatically converted into US dollars to repay the foreign currency debt. This is the so-called automatic foreign exchange purchase repayment of credit cards.

and if the cardholder does not open the automatic foreign exchange purchase repayment, he can only repay the arrears by directly depositing foreign currency. At the same time, the foreign exchange repayment function should be enabled in advance when returning foreign exchange to the credit card through online banking.

How to enable the credit card to automatically purchase foreign exchange for repayment?

There are many ways to open the credit card automatic foreign exchange purchase repayment service, such as when filling in the application form, opening the customer service phone, and opening the SMS application, etc. The details are as follows:

1. Opening the application form: most banks have opened the "automatic foreign exchange purchase" service, and applicants can open the dual-currency credit card by simply checking this service on the application form.

2. Customer service telephone service is opened: the cardholder can call the 24-hour customer service hotline of the issuing bank with the reserved mobile phone number, and the manual service will be opened, which generally takes effect within 3 working days after opening.

3. SMS application for activation: cardholders can use the mobile phone number registered with the issuing bank to edit related SMS, and send it to the issuing bank's fixed service number to apply for activation, which will take effect in real time.

is there a handling fee for automatic foreign exchange purchase repayment?

after using the foreign currency account of dual-currency credit card, the cardholder must use RMB to buy US dollars, and then use the US dollars to pay the foreign currency account, which may also face a foreign exchange handling fee of 1.3% to 1.7%.

If automatic foreign exchange purchase repayment is enabled, there is no need to charge currency exchange fees, which can provide certain repayment convenience for cardholders who use credit cards abroad. That's all I know about the purchase of foreign exchange by credit card. I hope I can help you.

for foreign currency exchange, how should I write the column of currency/amount of foreign exchange purchase in the application for individual foreign exchange purchase?

the amount of foreign exchange purchased in the domestic payment application is generally filled in RMB, but the actual monetary amount of payment should be filled in.

In China, our functional currency is RMB. When we need to pay for foreign currency after a foreign currency transaction, the automatic purchase of foreign exchange with a credit card is called foreign exchange purchase. Buying foreign exchange is a transfer transaction, which is to exchange foreign currency with the local currency in the account, which is equivalent to foreign exchange trading. The converted foreign currency is still in the account or bank card, and no cash is withdrawn.

how to fill in the application for RMB account of China bank credit card?

China Bank's repayment by purchasing foreign exchange by credit card: except for transactions prohibited by national laws, the US dollar bills generated in consumption abroad or by withdrawing foreign currency cash can be repaid by purchasing foreign exchange in RMB.

you can choose to purchase foreign exchange in full, or you can choose the minimum repayment amount or any amount lower than the current bill amount.

if you are a corporate financial officer, you can contact the business department, bank card department or corporate business department of the local China Bank, and a special account manager will discuss the process of handling the official card with you.

Extended information:

All China citizens who have reached the age of 18, have full capacity for civil conduct, have a legally stable income, foreigners who have the right of abode in China and compatriots from Hong Kong, Macao and Taiwan can apply for China Bank Credit Card locally.

Card requirements:

1. At least 18 years old;

2. Hold a valid ID card;

3. No bad credit record;

4. Have a work certificate and an income certificate stamped with the financial seal of the unit;

5. Other financial proof, such as real estate, cars, stocks, bonds, etc.

6. Social security certificate; The first four are the most basic conditions. If you can provide 5~6 pieces of supporting materials, it will improve the success rate of application and the credit limit.