The difference between a global pass card and a visa card is as follows:
1, the settlement channels are different.
Global cards can only be paid through unionpay channel, and visa can only be paid through visa channel.
2. Different exchange currencies
When the Global Card chooses the UnionPay channel, UnionPay will convert the local currency into RMB; VISA card chooses VISA channel, then VISA will convert local currency into US dollars. If you use visa in the United States, you don't need to exchange money.
3. Different currency conversion fees
The GSM card can directly consume RMB, and the VISA card can directly consume US dollars. If you consume currencies other than US dollars and RMB, such as Japanese yen, Australian dollar and Korean won, etc. Unionpay and VISA will conduct currency conversion first, resulting in currency conversion fees.
There is no charge for this part of the procedure when Global Connect uses UnionPay, while VISA usually charges a handling fee of 1-2%.
4, the scope of use is not the same
Global Card can be used at any time in China because it uses UnionPay channel, while there are many UnionPay channels in China and those with UnionPay channels abroad can also be used. Visa cards are restricted in China and are usually used only abroad.
Baidu Encyclopedia-China Bank Great Wall Global Link Credit Card
Baidu encyclopedia-unionpay card
Baidu encyclopedia -—visa card