Take less cash and brush more UnionPay.
The only drawback of this trip to Hong Kong is that she brought a dual-currency card and spent a lot of handling fees. Chu, the credit card department of China Bank Zhejiang Branch, told reporters that many tourists hold dual-currency cards or foreign currency credit cards jointly issued by the bank and VISA or MASTER. They spend money by credit card in Hong Kong, deduct Hong Kong dollars, and then repay in RMB when they come back. In fact, there have been two foreign exchange procedures, plus two handling fees 1.5%. Take the ring you bought worth HK$ 6,000 as an example. Let's say that on the day when she swiped the card, the median price of the US dollar against the Hong Kong dollar was 7.78, and the card was deducted by 7 1.2 1, plus the handling fee of 1.5%, which was equivalent to spending 782.78 dollars on the ring. When I come back these two days, I have to exchange RMB for US dollars to repay the loan. Yesterday, the exchange rate of US dollars to RMB was 782.26, which means that she finally spent 62 15.23 yuan on a ring worth 6,000 Hong Kong dollars.
If you use a card with the UnionPay logo, you can exchange it directly with Hong Kong dollars and RMB. According to yesterday's selling price of 100.8, her ring can be bought for only 6048 RMB, which is cheaper than the dual-currency card 167.23 RMB. Chu Huawei told reporters that as long as there is a card with the UnionPay logo, the final settlement platform is UnionPay, and there is only one exchange process in the middle, and there is no handling fee. Relatively speaking, it is more cost-effective to brush UnionPay cards in Hong Kong.
Of course, under the background of strong RMB, it would be more cost-effective if she had a Hong Kong dollar card. It is reported that China Travel Agency of Zhejiang Province will jointly organize shopping activities in Hong Kong with Bank of China, and launch the "BOC Hong Kong Dollar Card", which will be settled directly in Hong Kong dollars. There will be a 50-day interest-free repayment period after returning to Hangzhou. According to the expectation that RMB will continue to appreciate, the listing selling price of Hong Kong dollars on the repayment date will be lower than that on the consumption date, which is more cost-effective.