How to repay a dual-currency credit card
1. Manual purchase of foreign exchange. After spending overseas with a dual-currency credit card from some banks, the people's bill and the foreign currency bill will be recorded separately and two bills will be issued. Cardholders can only purchase foreign exchange at the counter or provide foreign exchange purchase services over the phone. Cardholders must go to a bank branch to handle the transaction and then deposit it into their account. Or deposit the equivalent amount of RMB into the card in advance and then call the bank. If the cardholder forgets to notify the bank, RMB will not be automatically converted into foreign currency to repay the overdraft in foreign currency. Therefore, cardholders should know in advance before applying for a card to avoid overdue credit cards.
2. Automatic foreign exchange purchase. Some banks stipulate that foreign currency consumption with credit cards can be directly converted into foreign currency for repayment. The credit card center will automatically settle the foreign currency directly according to the exchange rate. However, this requires the cardholder to report to the bank. Submit an application for the automatic foreign exchange purchase service.
Warm reminder: Regarding how to repay dual-currency credit cards, many credit card issuers will separate RMB and foreign currency bills when reminding cardholders, and foreign currency bills will also set minimum repayment amounts. However, what many cardholders do not know is that the bank will set up a "reversal sequence" during the cardholder's repayment process of the credit card, that is, the RMB repayment amount will be offset first, and after the full RMB repayment is satisfied, the bank will set up a "reversal sequence". After the payment is made, the excess RMB amount on the card will be converted into foreign currency for automatic foreign exchange purchase to repay the foreign currency debt. When many people first come into contact with dual-currency credit cards, they don’t know how to repay dual-currency credit cards. In this case, cardholders should actively consult bank staff to find out how to repay dual-currency credit cards to avoid incorrect repayments, which may affect tax collection. letter.