When traveling abroad, how do we spend it when we spend it? Generally, everyone wants to use a credit card, but which channel should I choose? What should we pay attention to? Today, Xiaobian will sort out some of this information for everyone! Help everyone choose the right credit card to spend. Which channel to choose for foreign travel credit cards? Try to use UnionPay channel to swipe your card.
When paying by credit card abroad, sometimes the store will ask you whether to choose UnionPay or other channels, such as visa, master or American Express, and choose UnionPay decisively. Why?
if you spend money by credit card overseas and take the UnionPay line, there will be no handling fee. If you take the route of international organizations, the currency you swipe is the currency contained in the card itself, such as USD (RMB-USD dual-currency card), and there will be no handling fee. You need to repay USD or deposit RMB to purchase foreign exchange.
if the currency is not included in the card itself, such as Japanese yen and Korean won, the international organization will charge 1.5% for currency conversion. Since the consumption outside the credit card will be settled in US dollars, if the consumption amount is not US dollars, the exchange fee between the two currencies will be 1.5% of the transaction amount, and the exchange fee will be charged by the bank on behalf of the international organization. If the consumption amount is USD, there will be no settlement fee. What do you mean?
China cardholders use UnionPay channel to swipe their credit cards abroad, and banks will not charge other fees.
if your credit card is a dual-currency card, which supports unionpay and visa (or master) at the same time, and you pay the bill in us dollars, the bank will not charge other fees regardless of the channels of unionpay or visa (or master).
However, if you travel to Japan and stay in a hotel, the hotel does not support UnionPay channel, but only supports visa, and the room rate is paid in Japanese yen, then the visa company will charge 1.5% exchange fee, and the room rate is 1, yen, but you actually pay 1,15 yen, which is 15 yen more.
if you apply for a full-currency credit card, the bank will not charge any other fees regardless of the currency when you swipe your card. Matters needing attention when using credit cards abroad
1. Unlike debit cards that convert foreign currency into RMB at the time of withdrawal, credit cards do not convert the amount into RMB on the day of consumption, but only convert the consumption amount into RMB on the day of repayment for deduction.
what do you mean? For example, you spent 1 euros on a bag in France on March 6th, and the exchange rate between the euro and RMB was 7.8: 1 that day. Do you think this bag is worth 78 yuan? That's not true. The repayment date of your credit card is on May 23rd, and the exchange rate of Euro to RMB is 7.9:1 on that day, so the actual price of this package is 79 yuan instead of 78 yuan. However, if the RMB appreciates at the time of repayment, and the exchange rate between the euro and RMB is 7.58:1, congratulations, the current price of this package is 758 yuan, and you have saved 22 yuan.
of course, in most cases, the fluctuation of exchange rate during the two months is very small, which can be basically ignored. However, if the RMB continues to depreciate and your consumption amount is particularly large, you need to consider how to hedge. For China tourists shopping abroad, RMB appreciation can save money, while RMB depreciation will lose money.
When you travel abroad, you must pay attention to this information, hoping to help you. Also, when you travel abroad, don't show your property easily. You must protect yourself.