1, purchase foreign exchange by telephone
1) When the Visa credit card purchases in US dollars or other foreign currencies, since the merchants only charge domestic currency, we also need to pay back the equivalent foreign currency when repaying. Banks provide a service called buying foreign exchange.
2) Buying foreign exchange means changing RMB into equivalent foreign currency. You just need to call the credit card issuing bank and tell them that the credit card consumes foreign currency and needs to purchase foreign exchange.
3) You need to deposit enough RMB before purchasing foreign exchange by credit card. Bank staff will purchase foreign exchange according to the exchange rate of the day, usually the next working day.
2. Automatic purchase of foreign exchange
1) Just deposit a sufficient amount of RMB (RMB arrears+foreign currency arrears) into the credit card account before the due repayment date. The RMB deposited each time will be automatically used to repay the foreign currency arrears payable in the current statement first, and the excess will be used to repay the RMB account arrears.
2) The general method of automatic foreign exchange purchase is as follows:
A. Application Form Opening: Most banks have opened the "automatic purchase of foreign exchange" business, and applicants only need to check this business on the application form when applying for a visa credit card.
B. Customer service telephone opening: The cardholder can call the customer service hotline of the credit card center of the issuing bank to apply for opening with the reserved mobile phone number.
C. SMS application for opening: Cardholders can use the mobile phone number registered with the issuing bank to edit related SMS and send it to the issuing bank's fixed service number to apply for opening.
There are also some banks that can be opened through maintenance and online banking. For the specific opening method, you can call the bank credit card center for telephone consultation.