Brief introduction of dual-currency credit card:
Dual-currency card refers to a bank card with both RMB account and foreign currency (generally referred to as USD and EUR).
With the continuous improvement of living standards, traveling and shopping abroad has become a very common thing, thus forming a wide demand for bank cards settled in foreign currency. Therefore, many domestic banks have successively cooperated with international bank card organizations such as VISA and MasterCard to launch bank cards with RMB and USD settlement functions. In China, RMB settlement can be realized through UnionPay. After going abroad, you can spend and withdraw cash at ATMs of merchants and banks that support Visa or MasterCard, and settle in US dollars.
Definition of credit card:
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
The main forms of credit consumption are as follows:
Consumer credit is the main form of credit consumption. Credit consumption can be divided into direct credit consumption and indirect credit consumption, one-time repayment credit consumption, installment repayment credit consumption and cyclic credit consumption according to loan payment methods. Short-term credit consumption and long-term credit consumption divided by term, as well as housing credit consumption, automobile credit consumption, durable consumer goods loans, education student loans, tourism loans, personal comprehensive consumption loans, etc. Consumers are the main body of credit consumption, the demander of consumer credit, and become debtors while obtaining goods.