Dual-currency credit card: a dual-currency card refers to a bank card that has both a RMB account and a foreign currency account. The card numbers of these cards mostly start with 4 or 5, and the "UnionPay" logo is affixed to the upper right corner of the front of the card, and the VISA or MasterCard logo is affixed to the lower right corner.
Extended data:
As we know, credit cards can be classified in many ways. In terms of currency, it can be divided into single-currency cards and dual-currency cards. In China, then, we can be more precise, that is, money can be divided into dual-currency cards and RMB cards. Dual-currency generally refers to US dollars, RMB or Euro and RMB. The following are the advantages and disadvantages of these two currencies:
Definition of dual-currency card: dual-currency card refers to a bank card with both RMB account and foreign currency account. The card numbers of these cards mostly start with 4 or 5, and the "UnionPay" logo is affixed to the upper right corner of the front of the card, and the VISA or MasterCard logo is affixed to the lower right corner.
Advantages of dual-currency card: currency exchange fee/In the current situation that foreign exchange has not been fully liberalized, dual-currency card brings convenience to people's consumption settlement for outbound travel. Make RMB and foreign currency freely convertible within a certain limit.
Disadvantages of dual-currency cards: At present, 95% of dual-currency cards issued in China are only used in China, and foreign currency account transactions do not exceed 5%/ currency exchange fee. Most of the foreign currency accounts of dual-currency cards are idle, and the channels of overseas card organizations are occupied in vain.
Definition of RMB card: According to international standards and public understanding, it is an electronic payment voucher. The cardholder can be granted a certain credit line, and can overdraw consumption or withdraw cash first, and repay before the specified date without paying interest.
Advantages of RMB card: no annual fee for foreign currency account?
Disadvantage of RMB card: weak overseas network
References:
Baidu Encyclopedia-Dual Currency Credit Card