What does Euro Dual Currency Credit Card mean?

When traveling in Eurozone countries, you must bring a Euro Dual Currency Credit Card. With this type of credit card, you can make transactions in Euros when spending in European countries. Currency conversion fees can be saved, and all purchases can be automatically converted into RMB and credited to the account. Next, let’s introduce to you the general meaning of the Euro Dual Currency Card and which credit card is better.

What is a Euro dual-currency credit card?

Since the currency commonly used in European countries is the euro, it is best to bring a euro credit card, so that you can spend money in euro countries and deposit your money in euros. Among euro credit cards, it is the most cost-effective and convenient There is nothing better than the Euro Dual Currency Card, which is the Euro-RMB dual currency card.

Euro dual-currency credit cards generally have the following characteristics:

1. There are two accounts: one is a RMB account and the other is a Euro account;

2 . When you use this card to make purchases in Europe, you can avoid currency conversion fees.

3. Euros consumed in Europe will be directly recorded in the cardholder’s Euro account, and can be remitted for purchase and repayment in China.

Which Euro dual-currency credit card is best?

There are relatively few euro dual-currency cards in China, including Bank of China VISA Great Wall International Card Euro Card, CITIC Coca-Cola Euro Credit Card, China Construction Bank European Travel Credit Card, and China Everbright Bank Euro Platinum Credit Card.

Let me focus here on the Bank of China. If you go out for fun, it is very worthwhile to choose the Bank of China VISA Great Wall International Card Euro Card. With the card, you can enjoy shopping and consumption around the world for up to 24 months. With the interest-free installment repayment discount, you can flexibly choose to pay in installments immediately at merchants, or combine transactions after consumption to apply for monthly statement installments.

In addition, there is also China Construction Bank’s European Travel Credit Card. This card can be used all over the world, both at home and abroad. Not only can you enjoy the excellent functions, rights and services of the Dragon Card Credit Card, but you can also enjoy travel, business, study abroad, etc. in Europe. Rich exclusive features and services.

How to pay off a Euro card with a credit card

Although Euro credit cards are very convenient for consumption in Europe, repayment is very troublesome, especially for cardholders who have returned to their home countries. It is not easy to repay your Euro card in China. If you don't pay attention, the repayment may fail. So, how to pay off a Euro credit card? What are the requirements for Euro credit card repayment? Can I pay off a Euro credit card in RMB? Let’s find out together below.

Example of card friends

Ms. Shen and his wife traveled to Europe not long ago. They mainly used Euro credit cards for overseas purchases. When they returned home and repaid the loan, they discovered that although they used Euro credit cards overseas, they Euros, but only RMB cash is accepted for repayment. If you want to repay in Euros, you can only use the RMB in your account to purchase foreign exchange. The excess Euro cash on hand can only be sold to the bank and cannot be used directly for repayment.

Analysis

Euro credit cards can only be repaid in RMB. The main reason is that although many banks have issued RMB-Euro dual-currency credit cards, they have not applied for Euro cash due to cost factors. Business license, to put it simply, most banks' dual-currency credit cards do not have a euro cash repayment channel, so they do not support direct repayment with euro cash.

The vast majority of dual-currency international credit cards have two billing channels. Take the RMB/Euro dual-currency credit card as an example. When receiving a Euro bill, customers can choose to repay directly in Euros or make payments in RMB. Purchase foreign exchange for repayment; if the bill is in RMB, it can only be repaid in RMB.

However, even if you use RMB exchange purchase repayment to repay the Euro card, there are still some things you should pay attention to:

1. Confirm whether your Euro card has "automatic purchase" enabled. "Remittance to repay" function, if this function has not been activated, then no matter how much RMB deposits you have in your debit card, you will not automatically purchase foreign exchange to repay the outstanding balance on the final repayment date.

2. Before purchasing foreign exchange for repayment over the phone, the amount of RMB deposited should be appropriately generous. Due to exchange rate fluctuations, once the cardholder does not deposit sufficient amount, the repayment will fail.

3. Under normal circumstances, foreign exchange purchases over the phone can be credited in real time, but special circumstances are not excluded. Therefore, it is best for cardholders to apply two or three days before the final payment.

What are the rules for accumulating credit card points in Euro currency of Bank of China?

Euro currency credit card points accumulation rules:

For euro currency credit cards, the ordinary card, gold card and titanium card level products will accumulate 7 points "BOC points" for 1 euro spent. 365" bank card consumption points. For 1 euro spent with a platinum-level or above credit card, you will accumulate 14 "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.

How to use MasterCard Dual Currency Credit Card (Euro Card) in France (operation process). Thanks!

MasterCard Dual Currency Credit Card (Euro Card) in France does not charge a fee for converting VISA and MASTER from French yuan to RMB if you only consume US dollars, but if you consume other third-party currencies, V and M will be charged. The credit card can form a secondary conversion of "third-party currency-French yuan-RMB", while the UnionPay channel directly converts from the third-party currency to RMB, so V- and M-denominated cards will charge a considerable conversion procedure. fee.

If you use the UnionPay channel, the bank will directly convert the US dollars consumed into RMB according to the foreign exchange price on the repayment date, and UnionPay does not charge a conversion fee. If you use VISA or MASTER, you will be charged a certain conversion fee. cost.

On June 23, 2006, due to MasterCard International's regulations, retailers who accept MasterCard credit cards and MasterCard debit card payments must pay a certain handling fee, which limits competition among retailers. The European Commission Presented to MasterCard International.

Extended information:

The Dual Currency MasterCard Credit Card offers all the benefits of MasterCard without the monthly bills or credit checks. As long as you hold a MasterCard prepaid card, you can choose from a wide range of card amounts and can use it in any situation where MasterCard is accepted. This card is especially suitable for students, travelers and users who are accustomed to budgeting. Additionally, it serves as a gift or corporate reward.

The card can be used for shopping and at ATMs, depositing and withdrawing funds directly from your current account, thus reducing the amount of cash you carry with you. You will receive shopping details recording your purchases every month.