What does the credit card balance of HKD-15 mean?

I paid back 15 HKD more. I found that the Hong Kong dollar balance of the credit card was -15 Hong Kong dollars. The negative balance in the credit card account meant that there was an overpayment, which meant that I paid 15 Hong Kong dollars more. The Hong Kong dollar (or Hong Kong dollar, commonly known as the Hong Kong dollar) is the legal currency of the Hong Kong Special Administrative Region of China.

Do I need to purchase foreign exchange to pay Hong Kong dollars with a credit card?

Answer: To pay Hong Kong dollars with a credit card, you need to purchase Hong Kong dollars first, and then you can pay with a credit card.

How to pay back the Hong Kong dollar debt you spent with a credit card? Is it cost-effective

Credit cards can directly use RMB to repay Hong Kong dollar debt. To directly use RMB to repay Hong Kong dollars, you need to activate the foreign exchange purchase function first. After activation, you can choose to repay in full or with the minimum repayment amount.

Steps to activate RMB repurchase and repay Hong Kong dollar debt:

1. Call the bank phone number on the back of the bank card, transfer to manual service, and request to activate the RMB foreign exchange purchase function;

2. Log in to the bank card personal center to activate the foreign exchange purchase function.

When purchasing foreign exchange for repayment after returning to China, you still need to convert the Hong Kong dollar exchange rate. The timing of foreign exchange purchase and repayment is very particular. Visa is used, and MasterCard is used if the card starts with "5". There are two types of domestically issued credit cards: single currency and dual currency. However, it should be noted that the cardholder cannot purchase foreign exchange and repay the card after returning to the country. However, when the RMB is depreciating, even if you use a UnionPay card, using Visa or MasterCard and other foreign card channels may be affected by short-term exchange rate fluctuations. Settlement and billing will be carried out in accordance with its rules. If you use the UnionPay channel, this link will produce Additional fee - "Currency conversion fee", which is the handling fee charged when converting non-Hong Kong dollars into Hong Kong dollars. You only need to pay back the RMB directly when you return to your country.

It is recommended to use UnionPay channels when swiping cards overseas

If possible, use UnionPay channels. For cardholders: When traveling to Hong Kong, the exchange rate may not necessarily be that of the day of purchase. This fee is charged by international card organizations to the card-issuing bank. The highest fee is 2.75 for the Shanghai Pudong Development Bank. The larger the card amount, the higher the card amount. If you bring a dual-currency card, the bank usually converts it according to the foreign exchange price on the day of entry. Therefore, it depends on the credit time of different merchants, but usually the card-issuing bank will pass this fee on to the cardholder.

You can save money by keeping an eye on the exchange rate and selecting a repayment date. In addition to currency conversion fees, you can repay directly in RMB. However, this fee will not be listed separately in the bill. A few of them have Hong Kong dollars as a single currency when spending in U.S. dollar countries. Many cardholders believe that it will be more cost-effective to pay off their bills early or use UnionPay cards. However, some banks are different. For example, cards issued by UnionPay can be settled through UnionPay channels. In the process of RMB appreciation, this mainly depends on the changes in the RMB exchange rate. Currency conversion fees alone can save a lot. The exchange rate is also an issue that cardholders need to pay attention to when swiping their cards for consumption, which means different exchange rate conversions and Transaction fees. When swiping a card for consumption, it is reported that this will generate a "foreign exchange fee" or a "currency conversion fee", so this problem does not exist.

What are the rules for accumulating credit card points in Bank of China Hong Kong dollar currency?

Hong Kong dollar currency credit card point accumulation rules:

For Hong Kong dollar currency credit cards, for ordinary card, gold card and titanium card level products, 1 Hong Kong dollar spent will accumulate 1 "BOC Points" 365" bank card consumption points. Every HKD spent with a platinum-level or above credit card will accumulate 2 points for "BOC Points 365" bank card consumption points.

Warm reminder: The specific points accumulation rules for each credit card are subject to the product rights announcement; credit card consumption of less than 1 yuan will not accumulate "BOC Points 365" bank card consumption points.

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

If you have any questions, you are welcome to consult the Bank of China online customer service or download and use the Bank of China mobile banking APP to consult and handle related services.

How to repay the credit card payment in Hong Kong dollars?

Just repay the money normally, and those who apply for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

Extended information

When a cardholder uses a credit card to make a large purchase, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and Based on the cardholder's application, consumption funds will be deducted from the cardholder's credit card account in installments, and the cardholder will repay according to the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Baidu Encyclopedia - Credit Card

That’s it for the introduction of Hong Kong dollar credit cards.