Overseas consumption by credit card in the United States

There is no charge, but there are currency exchange fees, which are included in the exchange rate. There are no additional fees.

What does the exchange rate consumption of China Merchants Bank American Express credit card mean?

Hello, overseas, you can refer to the credit card organization logo on the credit card (such as: VISA, MASTERCARD, JCB, American Express, UnionPay ) Select the card swiping machine corresponding to the card swiping route to swipe the card. No additional card swiping function is required. When the card is swiped on UnionPay lines, the payment will be settled directly in RMB; when the card is swiped on international lines, the payment will be settled in US dollars. Since overseas purchases by credit card will be settled in U.S. dollars, if the consumption amount is non-U.S. dollars, conversion fees between the two currencies will be incurred. If the UnionPay line is used or the consumption amount is US dollars, no exchange settlement procedures will occur.

Function of American Express Card: 1. Global selection of preferential merchants. We carefully provide you with exclusive preferential merchant privileges of China Merchants Bank American Express Credit Card; 2. Convenient and worry-free travel around the world. China Merchants Bank American Express Credit Card Voucher The card can be redeemed for American Express travellers' checks at any American Express travel office, and can also be used to withdraw cash in local currency 24 hours a day through American Express's automated teller machines (ATMs) around the world; 3. Exciting points and generous rewards accumulate exclusive China Merchants Bank American Express points , points are permanently valid.

How to use Bank of China credit card in the United States

I am now in the United States. If you are not communicating for a short period of time, I do not recommend you do this. Let me tell you.

There is no problem if you consume like this, and there won’t be much extra handling fees, but in terms of the exchange rate, you will be at a huge loss. I don’t know if you have studied a little bit about finance. The cost will definitely be a lot if it lasts for a long time. To put it simply, there is a difference between the bank transfer price and the quoted price, and there will be an exchange rate difference between them. Many people think that it is good for me to use a Chinese card because there is no handling fee, but invisibly, I still pay more.

Another point is that when you need cash, it will be extremely troublesome. First of all, there is no handling fee for swiping the card, but there is a fee for withdrawing money. You may say that it is not much, so let’s continue to look at it. The second point is that the Bank of China tells you that you can withdraw the maximum amount in one day in the United States, but you may not be able to achieve it in the United States. The third point is that you may not be able to take it out when you want to. Think it’s incredible, right? When I first came here, I was surprised by the U.S. banking system. I imagined it would be extremely convenient, but in fact, it may take two days for the U.S. banking system to process a McDonald's card payment.

My personal suggestion is that this is the most convenient and relatively cost-effective method that I have found so far. You can bring some cash. If you don't worry about cash, you can also bring traveller's checks. This amount is enough to pay for tuition and other things. Then the school can take you to apply for a bank card and open an American account! Your passport is enough to open a debit card, no credit card is required and it can be used on the same day. From now on, it will be OK to wire money from China. The handling fee will be charged per transaction. The total amount for both China and the United States will not exceed US$35 per transaction. Do you think $35 is a lot? Haha, in one year, you will definitely lose much more than 35 US dollars by using your Chinese bank card. Then you can spend money like Americans and you can write checks, which is much more convenient.

Finally, please don’t bring a money order! ! When I first came here, it took me 12 days to cash my money order. The tuition fee kept being delayed, which made me feel embarrassed.

This is how I feel over the past year. Please think about it. What I want to tell the poster is that for many things, when you go abroad, you can only refer to other people's experience, and you need to explore better methods yourself. I am an adaptable person. I explored many things on my own during my first semester in the United States, and sometimes the experience was much better than what my Chinese classmates told me. You will become independent when you go abroad, and you can do everything on your own, so go for it.

Are there any fees for using domestic credit cards in the United States?

There is no handling fee for all bank credit card purchases. You can use it with confidence. I have applied for many credit cards. Just pay it back when it is due. If you pay it off late, the interest will be higher.

Haha

Friends who have been to the United States tell me how to spend money in the United States...whether it is cash or a credit card, and how to apply for a credit card

It is true that you cannot bring too much cash. It is best not to exceed US$2,000 in cash.

In the United States, credit cards and cash are both accepted. Cash is generally used to pay for small payments, such as eating a meal or buying a drink. There is no need to swipe a card. But for more expensive things, we generally use cards (generally, many people use cards for purchases above 50 US dollars)

If you are in China, you need to apply for VISA, the internationally accepted platinum card, or some other card. You must discuss this with your domestic bank for details. Because you cannot apply for a credit card in the United States (a credit card requires a U.S. tax return and a certain credit limit. You must have at least a debit card before. Generally, international students cannot apply for it). If you stay in the United States for more than half a year, you can apply for a Debit card (it takes at least 3 weeks to apply for a card, so it is not necessary to apply if the time is too short).

Another method is that if you stay in the United States for a long time, you can apply for a DEBIT card first, and then ask your family to remit money from China to the United States (you can use Western Union, Foreign Exchange, etc.), and then transfer it to the United States. Cash is deposited into the card.

Social practice should last for half a year to one year. In this case, it would be most appropriate to apply for a US debit card and then have your family remit the money.

Why do American credit cards only require a credit code to make purchases?

I also know that the original poster’s idea is a bit naive, but I have to pay attention. American credit cards have a very high security system. For example, when opening a card, you need your social security information, birthday, and mother's maiden name. Then when you shop online, the mailing address of the goods must match the card's main address. So when you shop online, the security system that issued the card detects the address. Your shopping will be automatically canceled as soon as it arrives. So you can’t buy anything even if I give you my card.

This is the end of the introduction about US credit card tips and how to calculate US credit card tips. I wonder if you found the information you need?