RMB credit card: a financial payment tool that can be used within China and has functions such as consumer credit, cash deposits and withdrawals, consumption settlement, transfer settlement, etc. It is settled in RMB and has the characteristics of "universal, safe, convenient, "Quick" feature.
Dual-currency credit card: Dual-currency card refers to a bank card with both a RMB account and a foreign currency account. The card number of this type of card usually starts with 4 or 5. There is a "UnionPay" logo on the upper right side of the front of the card and a VISA or MasterCard logo on the lower right side.
Extended information:
We know that credit cards can be classified in many ways. In terms of currency, they can be divided into single-currency cards and dual-currency cards. In China For example, we can be more precise, that is, the currencies can be divided into dual-currency cards and RMB cards, and dual-currency generally refers to the two currencies of US dollars, RMB or Euro and RMB. The following are the advantages and disadvantages of the two currencies:
Definition of dual-currency card: Dual-currency card refers to a bank card with both a RMB account and a foreign currency account. The card number of this type of card usually starts with 4 or 5. There is a "UnionPay" logo on the upper right side of the front of the card and a VISA or MasterCard logo on the lower right side.
Advantages of dual-currency cards: currency exchange fees/Under the current situation that foreign exchange has not been fully liberalized, dual-currency cards bring convenience to people’s consumption settlement for outbound travel. Let RMB and foreign currencies be freely convertible within a certain amount.
Disadvantages of dual-currency cards: Currently, 95 of the dual-currency cards issued in China are only used domestically. Transactions in foreign currency accounts do not exceed 5/currency exchange fee. Most of the foreign currency accounts of dual-currency cards are idle. Overseas cards The organization's channels are being occupied in vain
The definition of RMB card: According to international standards and public understanding, it is an electronic payment voucher. Cardholders are granted a certain credit limit and can first overdraw consumption or Withdraw cash and pay it back before a specified date without paying interest.
Advantages of RMB cards: no need to pay annual fees for foreign currency accounts?
Disadvantages of RMB cards: weak overseas network
Reference: Baidu Encyclopedia - Dual Currency Credit Card