There are several processing methods for credit card refunds in U.S. dollars:

First, if it is a dual-currency credit card, you can apply for the U.S. dollar overpayment resulting from the U.S. dollar tax refund. Settlement of foreign exchange is directly converted into RMB and transferred to the RMB account of the same credit card.

Second, if the cardholder has a savings account that accepts U.S. dollar cash, he or she can also carry forward the U.S. dollar excess payment from the credit card.

Third, keep it in the card and next time you pay in US dollars, you will have priority to use the US dollar excess payment.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Where are the refunds for credit card purchases?

Refunds for credit card purchases will be refunded to the credit card account used for payment according to the original route, but this refund will not be credited to the account. The time may not be very timely. You may receive refund information after refunding, but in fact it usually takes about 3 to 5 days for the refund to arrive in your account.

Of course, it is also possible that the refund will arrive immediately after the refund. The specific time depends on the bank. Generally, you will receive an SMS notification from the bank after the refund is received. You can pay attention to the SMS notification at any time, or Check the credit card's credit status on the official credit card website.

Do I still have to repay after a credit card consumption refund?

Some cardholders think that after a credit card consumption is refunded, there is no need to repay. This is not necessarily correct. Usually There will be two situations based on the time after the refund is received.

1) If the refund arrives on the bill, then there is no need to repay the current period, and the refund of the consumption amount can be used to offset the amount owed in the current period;

2) If the refund arrives after the bill date, then the current period must be repaid, and the consumption refund amount can only be used to offset the amount owed in the next period.

About use: Credit cards can be used for consumption within the credit card limit and then repaid, and there is an interest-free period. It supports POS card swiping, online payment, and has functions such as bill installment and cash advance.

About application: To apply for the main credit card of China Merchants Bank, you need to be between 18-60 years old (25-60 years old for overseas residents), have certain financial ability and good credit record, and submit ID card, work certificate, financial certificate, etc. material.