Dual-currency credit card:
1. Dual-currency credit card is a kind of bank card that only appeared in China in recent years. With the continuous development of our economy and the continuous improvement of people's living standards, traveling and shopping abroad has become a very common thing, thus forming a widespread demand for bank cards settled in foreign currency. Therefore, many domestic banks have successively cooperated with visa, MasterCard and other international bank card organizations to launch bank cards with RMB and US dollar settlement functions. In China, RMB settlement can be realized through UnionPay, and after going abroad, they can spend and withdraw cash at merchants and bank ATMs that support visa or MasterCard, and settle in US dollars.
2. There are two main types of dual-currency cards: one is dual-currency credit card; The other is a dual-currency debit card. Dual-currency credit card is a credit card with RMB and USD settlement accounts, and its function is basically the same as that of single-currency credit card. Dual-currency debit cards also have RMB and USD settlement accounts, which can be used for deposit, withdrawal and consumption of RMB and USD, and have no overdraft function.
: Advantages and Disadvantages of Dual-currency Credit Card
1. Advantages of Dual-currency Credit Card:
Under the circumstance that foreign exchange has not been fully liberalized, Dual-currency Credit Card has brought convenience to people's consumption settlement for outbound travel. Make RMB and foreign currency freely convertible within a certain amount. You can save time and energy to a great extent, and you don't have to go to the bank to exchange money before going abroad;
2. Disadvantages of dual-currency credit cards:
95% of dual-currency cards issued in China are only used in China, and the transactions in foreign currency accounts do not exceed 5%. Most foreign currency accounts of dual-currency cards are idle, and the channels of overseas card organizations are being occupied in vain. And some banks have to pay an annual fee for foreign currency accounts.
The above is the dual-currency credit card introduced by Xi Caijun, and its advantages and disadvantages. In fact, in general, dual-currency credit cards are definitely good, but they need to be selected according to their own needs. If you need to go abroad frequently, it is better to choose a dual-currency credit card.