Here are the repayment methods for dual-currency credit cards that have been swiped in foreign currency

Dual-currency credit cards have brought us great convenience when spending abroad, but now there is a very Concrete questions lie before us. That is, if you use a dual-currency credit card to swipe foreign currency, how do you repay it?

We all know that if you swipe your card for consumption in a place not covered by UnionPay, you have to pay in foreign currency. So how will you pay back the money when you return to China? The international organization will convert the consumption amount in Euros into U.S. dollars and credit it into the U.S. dollar account of the dual-currency card, and then perform currency conversion. We do not need to worry about this.

However, corresponding international organizations such as Visa, Master, American Express, JCB, etc. will charge a certain handling fee, usually around 10%. The cardholder needs to repay the US dollar account after returning to the country.

If you are in an area covered by UnionPay, it is recommended that you choose UnionPay channels, so that you can save a handling fee. That’s all the introduction to dual-currency credit card repayment.

How to repay credit card debt in foreign currency?

Currently, Bank of China supports a variety of foreign currency repayment methods, such as telephone foreign exchange purchase, automatic deduction, automatic foreign currency purchase, etc.:

(1) If you have opened the global single RMB With the settlement function, all foreign currency consumption will be recorded in RMB, and you can repay in RMB;

(2) If you have bound automatic repayment, you can choose to use the RMB in the associated account to repay the foreign currency debt of your credit card , or repay the foreign currency debt of the credit card through the corresponding foreign currency in the associated account;

(3) If you have activated the automatic foreign exchange purchase function for bills, you only need to ensure that the credit card RMB account has sufficient repayment on the due date of repayment. For the RMB credit balance of foreign currency debt, the system will automatically repay the foreign currency debt with the RMB credit balance based on the real-time exchange rate of the day;

(4) Bring the current bill and original ID card to the counter to purchase foreign exchange for repayment;

(5) If there is a RMB credit balance in the account, foreign exchange purchase and repayment can be handled through Bank of China mobile banking, "Bank of China Credit Card" WeChat official account, Colorful Life APP, online banking, customer service hotline and other channels. .

The above content is for your reference, please refer to actual business regulations.

How to repay the credit card payment in Hong Kong dollars?

Just repay the money normally, and those who apply for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

Extended information

When a cardholder uses a credit card to make a large purchase, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and Based on the cardholder's application, consumption funds will be deducted from the cardholder's credit card account in installments, and the cardholder will repay according to the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.