What are the repayment methods for automatic repayment of foreign currency debts with Bank of China credit cards?

Our bank provides automatic foreign exchange purchase and repayment service for dual-currency credit card holders. You can choose to "repay all outstanding balances in RMB" or "repay in RMB and foreign currencies in corresponding currencies." The details are as follows:

1. Foreign currency balances can be repaid in RMB. That is, through the Great Wall credit card, ordinary current savings account, local and foreign currency current pass or debit card in your name, you can automatically purchase foreign exchange to repay the credit card's foreign currency bill debt. If the associated repayment account is Great Wall Credit Card, the exchange rate will be the foreign exchange rate published by our bank on the day of deduction. For other repayment accounts, the exchange rate will be the foreign exchange rate published by our bank the day before the deduction date.

2. Foreign currency balances can also be repaid in the same foreign currency (including US dollars and Japanese yen). For debit cards or foreign currency accounts of Yitong, polling deductions will be adopted, which means that when Yitong has different types of accounts under designated foreign currencies, the bank will check the balance of the repayment account in the order of first debit and then remittance. And the account with sufficient balance will be debited first. When none of the associated repayment accounts can repay the agreed amount in full, the account with the larger balance in the cash account or remittance account will be first selected for debit.

Warm reminder: Foreign currency deposits cannot repay credit card debts in RMB. Please ensure in advance that the repayment account associated with the credit card has sufficient funds and is in normal condition so that automatic repayment can be successful. If you have any questions, please call the credit card customer service hotline 4006695566 for further consultation. I wish you a happy card use!

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

How to repay CMB credit card USD transactions? Three major ways to repay without worries!

China Merchants Bank has many types of credit cards to meet the needs of different customers. In recent years, more and more people have gone abroad, so overseas consumption has also become a big demand. Many people have applied for dual-currency credit cards from China Merchants Bank, so US dollar transactions will also occur when spending overseas. Spending money is quite easy, so how do you repay the U.S. dollar transactions on China Merchants Bank’s credit card? Let’s find out together!

In fact, the repayment of U.S. dollar transactions is divided into three situations, namely, the U.S. dollar transaction is entered into the account in RMB, the U.S. dollar bill is repaid in RMB, and the U.S. dollar bill is repaid in U.S. dollars.

1. US dollar transactions are recorded in RMB

This method of repayment is the simplest. Since there is no US dollar bill, the US dollar consumption will automatically enter the RMB bill according to the exchange rate. You only need to follow Just repay via normal credit card repayment methods.

After activating the "RMB deposit for foreign currency consumption" function, you can use this method to repay.

Setup method:

Log in to credit card online banking and click "Repayment Management" → "Automatic RMB Foreign Exchange Purchase" to activate.

2. U.S. dollar bill purchase and repayment

This repayment method is to use RMB to repay the U.S. dollar bill. You can choose to activate the "U.S. dollar bill purchase and repayment" function to activate Afterwards, your RMB repayments will be automatically converted into US dollars by purchasing foreign exchange, and priority will be given to repaying your US dollar bills.

Setup method:

Log in to credit card online banking and click "Repayment Management" → "Foreign Exchange Purchase and Repayment". You can also check the "automatic purchase of foreign exchange" function on the application form when applying for the card.

3. Use U.S. dollars to pay U.S. dollar bills

Debit card U.S. dollar transfer repayment: Available repayment methods include China Merchants Bank online banking repayment, mobile repayment and telephone repayment.

U.S. dollar cash repayment at business outlets: U.S. dollar cash repayment is available at all business outlets of China Merchants Bank (except Hong Kong). As long as you provide a credit card, anyone can repay your credit card (the repayer must show his or her ID card).

That’s it for everyone on “How to repay U.S. dollar transactions with China Merchants Bank’s credit card”. The basic methods are the above three. I hope it will be helpful to you after reading this.

How to repay the credit card visa account consumption?

How to repay the credit card visa account consumption? On the one hand, dual-currency credit cards can facilitate our overseas consumption, but on the other hand, they bring trouble to our repayments.

Suppose A applies for a credit card with two accounts, UnionPay and Visa. How to repay the credit card for consumption in the Visa account?

1. Can the associated savings card be repaid automatically?

2. For unlinked accounts, foreign exchange can be purchased and repaid over the phone

If there is no associated account bound to the credit card, the cardholder also has many ways to repay the outstanding balance in the foreign currency account. You can choose. First of all, you can deposit the corresponding foreign currency into the credit card foreign currency account at the bank counter. Although this method is straightforward, it is likely to require a long waiting time in line, and the cardholder may not have enough foreign currency on hand.

Secondly, cardholders can purchase foreign exchange and make repayments at bank outlets that have enabled the "private foreign exchange purchase" function. Of course, this method also inevitably involves waiting in line. A relatively convenient way is to deposit a sufficient amount of RMB in your credit card and then call the customer service number of the credit card center to purchase foreign exchange and repay over the phone. It should be noted that ICBC, Bank of China, Shanghai Pudong Development Bank, etc. stipulate that funds deposited in credit card accounts will be used first to repay arrears in RMB accounts. Only when there is an overflow deposit in the RMB account, the excess deposit can be used to purchase foreign exchange over the phone. repayment, therefore, the cardholder must deposit enough funds to pay off both accounts.

How to master the two settlement methods of dual-currency credit cards in time

Friends who often go abroad must have a dual-currency credit card. It is very helpful to choose a dual-currency credit card that suits you. important. After enjoying overseas credit card consumption, the problem is repayment. How to repay dual-currency credit cards is something that many "card worms" urgently need to know. Today I will explain to you the correct repayment posture of dual-currency credit cards.

How to repay a dual-currency credit card

1. Manual purchase of foreign exchange

After spending overseas with a dual-currency credit card from some banks, the people’s bill and the foreign currency bill will be recorded separately. Two bills. Cardholders can only purchase foreign exchange at the counter or provide foreign exchange purchase services over the phone. Cardholders must go to a bank branch to handle the transaction and then deposit it into their account. Or deposit the equivalent amount of RMB into the card in advance and then call the bank.

If the cardholder forgets to notify the bank, the RMB will not be automatically converted into foreign currency to repay the overdraft in foreign currency. Therefore, cardholders should know in advance before applying for a card to avoid overdue credit cards.

2. Automatic foreign exchange purchase

Some banks stipulate that the foreign currency consumption of credit cards can be directly converted into foreign currency for repayment, and the credit card center will automatically settle the foreign currency directly according to the exchange rate. However, This requires the cardholder to apply to the bank for the service of automatic foreign exchange purchase.

Warm Reminder

Reminder, regarding how to repay dual-currency credit cards, many credit card issuers will separate RMB and foreign currency bills when reminding cardholders, and foreign currency bills will also set minimum Repayment amount. However, what many cardholders do not know is that the bank will set up a "reversal sequence" during the cardholder's repayment process of the credit card, that is, the RMB repayment amount will be offset first, and after the full RMB repayment is satisfied, the bank will set up a "reversal sequence". After the payment is made, the excess RMB amount on the card will be converted into foreign currency for automatic foreign exchange purchase to repay the foreign currency debt.

Many people do not know how to repay a dual-currency credit card when they first come into contact with it. In this case, cardholders should actively consult bank staff to find out how to repay a dual-currency credit card. Avoid wrong repayments, which may affect your credit score.

How to repay with Bank of China Dual Currency Card

Currently, Bank of China supports a variety of foreign currency repayment methods, such as telephone foreign exchange purchase, automatic deduction, automatic foreign currency foreign exchange purchase, etc.:

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(1) If you have activated the global single RMB settlement function, all foreign currencies consumed will be recorded in RMB, and you can repay in RMB;

(2) If you have bound automatic repayment You can choose to use the RMB in the associated account to repay the credit card's foreign currency debt, or use the corresponding foreign currency in the associated account to repay the credit card's foreign currency debt;

(3) If you have activated the automatic foreign exchange purchase function for your bills , you only need to ensure that the credit card RMB account has enough RMB credit balance to repay the foreign currency debt on the due payment date or the day before the due repayment date, and the system will automatically repay the foreign currency debt from the RMB credit balance according to the real-time exchange rate of the day;

(4) Bring the current bill and original ID card to the counter to purchase foreign exchange for repayment;

(5) If there is a RMB credit balance in the account, you can use online banking or "Bank of China Credit Card" Use WeChat official account, Colorful Life APP, customer service hotline and other channels to handle foreign exchange purchase and repayment.

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

Here are the repayment methods for dual-currency credit cards that have been swiped in foreign currency

Dual-currency credit cards have brought us great convenience when spending abroad, but now there is a very Concrete questions lie before us. That is, if you use a dual-currency credit card to swipe foreign currency, how do you repay it?

We all know that if you swipe your card for consumption in a place not covered by UnionPay, you have to pay in foreign currency. So how will you pay back the money when you return to China? The international organization will convert the consumption amount in Euros into U.S. dollars and credit it into the U.S. dollar account of the dual-currency card, and then perform currency conversion. We do not need to worry about this.

However, corresponding international organizations such as Visa, Master, American Express, JCB, etc. will charge a certain handling fee, usually around 10%. The cardholder needs to repay the US dollar account after returning to the country.

If you are in an area covered by UnionPay, it is recommended that you choose UnionPay channels, so that you can save a handling fee. That’s all the introduction to dual-currency credit card repayment.

This ends the introduction on how to repay dual-currency credit cards and how to repay dual-currency credit cards. Have you found the information you need?