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When I spend U.S. dollars with a China Merchants Bank credit card and set up automatic repayment (the associated account only has RMB but no U.S. dollars), should I choose "cash" or "cash exchange"?

Hello, select "Cash Exchange". US dollar bills incurred for overseas consumption or foreign currency cash withdrawals can be repaid using RMB to purchase foreign exchange. For the amount of foreign exchange purchased, you can choose to purchase foreign exchange in full or with the minimum repayment amount. According to foreign exchange management regulations, the amount of foreign exchange purchased cannot be higher than the current US dollar bill amount. The foreign exchange purchase function can be applied for through online banking or calling the customer service hotline:

1. Online banking: Please log in to the credit card website/, click "Online Banking Login" on the right and enter your ID number, query password and additional information. After logging into online banking with the code, activate the function in "Repayment Management" - "Foreign Exchange Purchase and Repayment Settings";

2. Customer service hotline: Please call the customer service hotline 4008205555 and enter your identity according to the voice prompts Please provide your certificate number or card number and query password, and then select "9" to transfer the service specialist to set up the foreign exchange purchase function for you.

Warm reminder:

1. Once the foreign exchange purchase function is set to be permanently effective, it can be modified later through online banking or calling the customer service hotline;

2. The foreign exchange purchase function After the setting is successful, the RMB funds you deposit will first be used to repay the overdue part of your minimum repayment, and then purchase foreign exchange to repay the U.S. dollar bill according to the foreign exchange purchase amount you set, and then repay the RMB bill;

3. Since the exchange rate fluctuates daily, our bank’s current exchange rate for foreign exchange purchase and repayment shall be based on the exchange rate announced by our bank at 10 a.m. on the day of repayment at the selling price of US dollar banknotes;

4. The setting of the repayment amount for the period purchase of foreign exchange is only valid in the current period, and the next period's bill will be restored to your original setting;

5. If you choose to purchase foreign exchange with overpayment, your RMB overpayment will be Use it to purchase foreign exchange to repay U.S. dollar bills within 2 working days.

If you still have questions, please add corporate QQ customer service 4008205555 or add the public account "China Merchants Bank Credit Card Center" on WeChat for detailed consultation.