Yes.

1. There is no handling fee for swiping cards overseas;

2. However, there is a currency exchange fee. Note: In Hong Kong and Macau, choose UnionPay’s network for card payment instead of other networks, such as VISA or MasterCard, as this will save money on currency exchange.

What needs to be noted is:

(1) Which overseas merchants and ATMs can pay with cards in RMB?

Overseas merchants with the "UnionPay" logo and ATM, you can pay using the RMB account in your credit card. This service is currently available in Hong Kong, Macao and South Korea, Thailand and Singapore.

(2) What is the difference between overseas merchants and ATM transactions with "UnionPay" logo and VISA, MasterCard logo?

aThe payment currencies are different. When using the card at merchants and ATMs with the "UnionPay" logo, the payment currency is RMB; when using the card at VISA or MasterCard online merchants and ATMs, the payment currency is foreign currency.

bThe repayment currencies are different. For "UnionPay" transactions in Hong Kong, customers can repay directly in RMB; when using cards at VISA or MasterCard online merchants and ATMs, customers can repay in U.S. dollars, or apply for repayment by purchasing foreign exchange in RMB.

(3) At what exchange rate does the bank convert the foreign currency of the transaction into RMB?

In this case, the bank will generally use the foreign currency announced by the country on the day of the transaction or the day of repayment. The foreign exchange selling price of RMB is exchanged at two exchange rates. Each bank has different regulations on this. You can refer to the specific terms of each bank when repaying.

(4) It is best to use your credit card in advance before traveling far away

If the credit card has not been used for a long time, abnormal situations may occur, such as being accidentally damaged, or the magnetic field may be damaged. The information is degaussed, rendering it unusable. Therefore, it is best to use it once before traveling far away to ensure that there is no obstacle to swiping the card when going out!

(5) Pay attention to the restrictions on the amount and frequency of ATM withdrawals

According to the regulations of the People's Bank of China, loan The daily cumulative cash withdrawals for each debit card shall not exceed RMB 2,000, and the daily cumulative cash withdrawals for each other card shall not exceed RMB 5,000.

Therefore, card-issuing banks have determined the maximum amount of single cash withdrawal and the number of daily withdrawals for their respective cards under this regulation. At the same time, since ATM machine cash dispensing equipment also has upper limit requirements on the number of banknotes, the acquiring bank has also set a maximum one-time withdrawal amount for the machine.