There are two main ways to repay credit cards. If you spend money by credit card, you can choose to return it directly at the bank counter, or return the RMB equivalent to the exchange rate on that day. Another case is a double-label credit card, which is accounted for separately. RMB settlement is in UnionPay channel, and settlement is in channel. If there is consumption in the bill, you need to call the customer service of the bank and ask for the repayment function of purchasing foreign exchange in RMB. After opening, you can repay the arrears in RMB. Common channels are VISA, MASTERCARD and JCB.

Double-label credit cards are credit cards with two RMB accounts, which can be roughly divided into two categories, one is double-label credit cards, and the other is double-label debit cards. Debit cards also have two accounts, but they do not have overdraft function. When you see a bank card with the words "UnionPay" in the upper right corner and the sign "VISA or other channels" in the lower right corner, this card belongs to a double-label credit card. To a certain extent, dual-channel credit cards will bring great convenience to people. If you don't bring enough when you go abroad on business, you can freely exchange RMB within a certain amount.

The general double-label credit card has no chip, only a magnetic stripe. The difference between a chip and a magnetic stripe lies in security and information storage. In order to reduce the risk of being attacked by criminals, the relevant credit card departments have introduced chip cards, which are equivalent to micro hard disks. Its storage capacity is larger than that of a magnetic stripe card, and it can store users' fingerprints, keys, digital certificates and other information. The most important thing is that it has an anti-theft brush. Theoretically, the chip card can be used for about 30 years. There is also a card with a chip and a magnetic stripe. This kind of credit card has a higher safety factor. While verifying the chip, it also reads and writes the magnetic stripe, realizing two-way authentication, greatly improving the difficulty of illegal authentication and ensuring the personal and property safety of users. This kind of credit card has high security and versatility, and is becoming a global development trend.

China Bank Credit Card Automatic Repayment Method

For the balance, you can choose "All the balance is repaid in RMB" or "RMB and the balance are repaid in the corresponding currency account".

If you choose "all debts are repaid in RMB", you can easily enjoy the automatic repayment service of foreign exchange purchase. If the repayment transfer-out account you are associated with is Great Wall Credit Card, the exchange rate is the foreign exchange rate published by our bank on the day of deduction; If the related repayment transfer-out account is another account, the exchange rate is the foreign exchange rate published by the bank on the day before the deduction date.

If you don't need to purchase foreign exchange for repayment, please select "RMB and balance are repaid in corresponding currencies" (the repayment account is a current all-in-one account, and RMB and deduction account can be the same account). We check the balance of repayment account in the order of cash first and then remittance, and deduct the money from the account with sufficient balance first. When none of your associated repayment accounts can repay the agreed amount in full, we will first choose the account with a large balance in the banknote remittance account or remittance account for deduction.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.

How do I return US dollars to my credit card account?

Take your ID card to the counter, and RMB can be handled directly. When the consumption has generated US dollar bills, you can choose to open the function of "purchasing foreign exchange with US dollar bills for repayment".

After opening, your RMB repayment will be automatically converted into US dollars, and your US dollar bill will be repaid first (the exchange rate is the exchange rate on the day you pay), and the repayment after the US dollar bill is paid off will continue to repay your RMB bill.

The credit card of China Merchants Bank will be repaid in US dollars. There are three ways for reference:

1. All-in-one cards and credit cards go to the counter to open the self-service transfer function. All-in-one-card purchases foreign exchange directly in US dollars, and online banking directly repays it manually.

2. If it is inconvenient to go to the counter, a credit card will be opened, and the credit card will be automatically debited after purchasing US dollars.

3. The credit card has the function of purchasing foreign exchange, and the one-card card is also RMB.

Extended data:

Matters needing attention in RMB-USD bill:

1. If the transaction is not conducted in US dollars, it will be converted into US dollars by the international credit card organization and recorded in the US dollar bill. (In the above process, international organizations such as VISA and MasterCard will charge 1.5% foreign exchange handling fee. )

2. The amount of foreign exchange purchased in the current period cannot exceed the amount of the current US dollar bill, and the exchange rate for foreign exchange purchase is the US dollar selling price of China Merchants Bank announced on the repayment date 10.

3. If you set the function of purchasing foreign exchange for repayment of US dollar bills and the function of "automatic repayment" for US dollar accounts at the same time, your RMB repayment will give priority to purchasing foreign exchange for repayment of your US dollar bills, and the difference between the self-deduction amount (full or minimum) set for your US dollar bills during this period and the agreed foreign exchange purchase amount will be deducted from your designated US dollar automatic repayment account.

4. After the automatic purchase of foreign exchange is set up successfully, if the cardholder fails to pay off the US dollar bill on the due repayment date, and if there is RMB overpayment in your credit card, our bank will automatically deduct the corresponding amount from your RMB overpayment to purchase foreign exchange to repay your US dollar bill.

References:

China Merchants Bank _ Transaction Repayment

Analysis of repayment of foreign exchange purchased by credit card

RMB is changed to "purchase foreign exchange". Credit cards or other types of bank cards held by cardholders have the function of overseas use (that is, support cards). In consumption abroad (mainly overdraft consumption), the process that cardholders can repay their debts in RMB after returning home is called the repayment by purchasing foreign exchange.

The difference between repayment of foreign exchange purchase and repayment

Repayment means that you have dollars in your hand or dollars in your card, and you pay directly in dollars; Repayment by purchasing foreign exchange means that you don't have US dollars, but you have RMB. You need to change RMB into dollars before you repay. There is actually an additional exchange program.

Is there a handling fee for the repayment of foreign exchange purchased by credit card?

Credit cards automatically purchase foreign exchange for repayment. Credit card fees vary from bank to bank. Some banks only charge RMB at the exchange rate on the repayment date. We take China Merchants Bank as an example. China Merchants Bank's credit card will be settled in US dollars in consumption abroad through international routes. If the consumption amount is not US dollars, there will be an exchange fee between the two currencies. If the consumption amount is USD, no settlement fee will be charged.

US dollar bills generated in consumption abroad or cash withdrawal can be repaid by purchasing foreign exchange in RMB. You can choose to purchase foreign exchange in full or with the minimum repayment amount. According to foreign exchange management regulations, the amount of foreign exchange purchased cannot be higher than the amount of cash.

What are the ways for BOC credit card to automatically repay the arrears?

We will provide automatic foreign exchange purchase repayment service for dual-currency credit card holders. You can choose "RMB to repay all debts" or "RMB to repay in different currencies", as follows:

1, the debt can be repaid in RMB. That is, through the Great Wall Credit Card, ordinary current savings account, current all-in-one account or debit card in your name, you can automatically purchase foreign exchange to repay the bill arrears of the credit card. If the relevant repayment account is Great Wall Credit Card, the exchange rate is the foreign exchange rate published by the bank on the day of deduction, and other repayment accounts are the foreign exchange rate published by the bank on the day before deduction.

2. Debt can also be repaid in the same way (including USD and JPY). For debit cards or all-in-one accounts, polling deduction will be adopted, that is, when an all-in-one account has different types of accounts as specified, the bank will check the balance of repayment accounts in the order of cash first and then remittance, and deduct the money from the account with sufficient balance first. When the associated repayment account can't repay the agreed amount in full, the account with larger balance in the banknote account or remittance account is preferred for deduction.

Reminder: the deposit can't repay the RMB arrears of the credit card. Please ensure in advance that the repayment account associated with the credit card is sufficient and in a normal state, so that the automatic repayment can be successful. If in doubt, please call the credit card customer service hotline 4006695566 for further consultation. Have a good time with your card!

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.

So much for the introduction of credit card foreign exchange repayment.