What are the differences between China Merchants Bank’s dual-currency credit card and full-currency credit card, which one is better?
We often compare dual-currency credit cards and single-currency credit cards. The most critical difference between the two is that overseas Dual currency credit cards are more convenient when shopping. So, did you know that China Merchants Bank also has a full-currency credit card? What is the difference between this and a dual-currency credit card?
1. China Merchants Bank dual-currency credit card
A dual-currency credit card means that the card has two currencies, usually RMB plus US dollars, euros or Japanese yen. It has two currencies. account credit card. Generally, there is a "UnionPay" logo on the upper right side of the front of the card, and a VISA, JCB or MasterCard logo on the lower right side. VISA or MasterCard dual-currency credit cards can be used in more than 200 countries, making it more convenient for cardholders to find consumer merchants abroad.
2. China Merchants Bank All-Currency Credit Card
The main function of the All-Currency Credit Card is to waive currency conversion fees and handle transaction needs in all currencies. No matter which country or place you spend, you can repay the money directly in RMB after returning home, eliminating the need to purchase foreign exchange. In addition, banks' all-currency international cards generally come with high-value travel accident insurance.
3. The difference between dual-currency and full-currency credit cards
1. Different scope of use
Full-currency credit cards are generally single-label cards and cannot use the UnionPay route. , that is, it cannot be used in China, but dual-currency credit cards can be used in China.
2. Different charging standards
In terms of annual fees: dual-currency credit cards have a limit on the number of card swipes, and the annual fee can be waived only after reaching the limit; all-currency credit cards are unconditionally exempt from annual fees;
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In fact, whether to get a dual-currency credit card or a full-currency credit card depends on your needs.
I already have a China Merchants Bank credit card, what information do I need to provide to apply for a dual currency card?
Just provide a valid ID.
According to the provisions of Article 7 of the "China Merchants Bank Credit Card Regulations (Ninth Edition)":
Chinese residents who are over 18 years old, have full capacity for civil conduct and have good credit standing, permanent residents Foreigners with full capacity for civil conduct and compatriots from Hong Kong, Macao and Taiwan with full capacity for civil conduct in the country can apply for a personal credit card master card from the card issuer with their valid identity documents.
The main cardholder of the personal card can also apply for a supplementary card for a specific natural person with full capacity for civil conduct or a natural person with limited capacity for civil conduct. Supplementary card application materials must be confirmed by the primary cardholder's personal signature, customer service call recording, electronic signature, or a method mutually recognized by the cardholder and the card issuer. The main cardholder can apply to cancel the supplementary card at any time.
Extended information:
According to the provisions of Article 9 of the "Credit Card Regulations of China Merchants Bank (Ninth Edition)":
When applying for a credit card for the first time, the applicant should According to the regulations of the card issuer, fill in the application form correctly, completely and truthfully, sign and confirm it in person, and submit relevant supporting documents required by the card issuer.
For the purpose of reviewing the applicant's credit card application or conducting subsequent risk management, the applicant agrees and authorizes the card issuer to provide financial credit information to the People's Bank of China during the process of reviewing its credit card application or conducting subsequent risk management. Credit reporting agencies established in accordance with the law such as databases and other relevant legal institutions understand and inquire about their assets, credit standing, personal credit information, etc., and retain relevant information.
China Merchants Bank - China Merchants Bank Credit Card Regulations (Ninth Edition)
How to apply for China Merchants Bank Dual Currency Credit Card
Hello, no deposit is required to apply for China Merchants Bank Credit Card. There is no need for a guarantor, and the most important condition for applying is to have a stable job and income. If you are a self-employed person, you can provide your self-employed business license and tax bills for the past three months. You can also provide other proof of your financial resources: income tax withholding certificate; copy of your own property certificate; own car driving A copy of your certificate; a bank deposit certificate and other documents that can prove your financial level.
You can apply in the following 3 ways: 1. Log in to our bank's credit card website, select "New Customer Application Channel" under the "Credit Card Application" column, then select the card you are applying for, and register the information. Make an appointment to apply for a card at your doorstep. 2. Call the credit card customer service hotline 4008205555 for card application consultation and registration. 3. Bring your original identity certificate, work certificate and financial certificate documents and go to any branch of China Merchants Bank to apply in person.
You can first click on the following interface to view our bank's credit card product list:. Thank you very much for your attention and support to our bank! I wish you success in your application.
How to apply for a China Merchants Bank dual-currency credit card
There is only more than a month left in 2017, and many cardholders are still worried about applying for a China Merchants Bank credit card. If you don’t know which kind of credit card is best, I will introduce you to apply for a dual-currency credit card from China Merchants Bank. There are many dual-currency credit card products from China Merchants Bank, and some applications are not difficult. Let’s learn about the relevant matters of dual-currency credit card from China Merchants Bank.
1. What dual-currency credit cards does China Merchants Bank have?
China Merchants Bank has a variety of dual-currency credit card products, such as Ctrip Travel Credit Card, Air China Zhiyin Credit Card, etc. These credit cards usually have A prominent logo, there are usually two card organization logos on the card surface, usually consisting of the UnionPay logo + the international credit card organization logo.
So, when you apply, you only need to choose a credit card with both the UnionPay logo and the international credit card organization logo, and you are good to go.
2. The functions of China Merchants Bank’s dual-currency credit card
The functions of China Merchants Bank’s dual-currency card are similar to those of most dual-currency cards. The specific functions can be summarized as follows:
1. As a type of credit card, dual-currency cards have the functions of credit card consumption, cash advance, and consumption installments;
2. Many single-currency credit cards cannot be used abroad. If you hold If you have a dual-currency card, you can basically use it without any hindrance.
3. When shopping overseas, when using a dual-currency credit card, you can choose to swipe the card through UnionPay or the U.S. dollar path. When you need to repay after swiping U.S. dollars, you can pay back U.S. dollars if you have U.S. dollars, and you can repay U.S. dollars if you don’t have U.S. dollars. Just purchase foreign exchange and repay with the card-issuing bank;
4. In addition to enjoying UnionPay’s preferential merchant activities, dual-currency credit cards can also participate in visa or MasterCard activities.
3. How to apply for China Merchants Dual Currency Credit Card
The application process and method of China Merchants Dual Currency Credit Card are not significantly different from other credit cards. You can choose to apply at the counter or online. , since it is convenient and quick to apply for a credit card online, it is best to apply online if you want to save time.
The China Merchants Bank Credit Card Center will complete the preliminary review about a week after receiving your application information. After passing the preliminary review, a dedicated person will contact you and come to collect the application information. After the card is finally approved, the bank will Your credit card will be sent by express delivery, and it will usually arrive in your hands in about two weeks.
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CMB Dual Currency Credit Card Application Conditions Real estate, All certificates of vehicle ownership are displayed
Dual-currency credit cards are a type of credit card. Many banks offer multiple types of dual-currency credit cards to provide consumption convenience for those who need to travel, study abroad, or work overseas. Today I will introduce to you the application conditions for China Merchants Bank dual-currency credit card to help cardholders make a better choice.
What is a dual-currency credit card?
Dual-currency credit card refers to a settlement account issued by many domestic banks with two currencies, namely RMB and account, and has UnionPay and another currency. A bank card with the logo of an international bank card organization. Common international bank card organizations include Visa, Master, American Express, etc.
China Merchants Bank has a variety of dual-currency credit card products, such as Ctrip Travel Credit Card, Air China Zhiyin Credit Card, ONEPIECE Credit Card, True Love Co-branded Credit Card, American Express Card, ELLE Co-branded Credit Card, etc.
CMB dual-currency credit card application conditions
If you want to apply for CMB dual-currency credit card, in addition to meeting the basic conditions for CMB credit card application, you also need to submit additional supporting materials.
1. Basic conditions
1) The main cardholder must be between 18 and 60 years old, and the foreigner must be between 25 and 60 years old; Card applicants must be the parents, spouse or children of the main cardholder and be over 18 years old.
2) Personal credit record is good.
3) Provide proof of personal employment and income.
2. Additional supporting materials
1) Time deposits with China Merchants Bank or credit certificates for loans. The amount of time deposits does not need to be too high;
2) Yourself Proof of real estate or car ownership in your name;
3) Educational certificate or qualification certificate.
Tips
Seeing this, are you guys tempted too? If you have the conditions and need, quickly apply for a China Merchants Bank dual-currency credit card!
This concludes the introduction to the conditions of CMB Dual Currency Credit Card and CMB Dual Currency Credit Card. Have you found the information you need?