Generally speaking, among the bills paid by cardholders for overseas credit card spending, the credit card handling fee is mostly between 3% and 4%, of which 1%- 1.5% is the international transaction handling fee charged by international card organizations, such as VISA or MasterCard. Although it is collected from the bank, in fact, this fee is still borne by the cardholder;
Another 65,438+0% to 2% is the handling fee or exchange fee charged by the bank. Among them, most overseas banks charge 1.5%, such as CCB, BOC, China Merchants Bank, Xingye and Guangfa. , while others such as banks, Shenzhen Development Bank and Bank of Communications charge 1.75%.
Extended data
Case:
During the National Day holiday, Lao Zhang took his family to travel to Europe. Because he is usually cautious, and it is the first time to go abroad. Although Lao Zhang's family spends a lot of money, they pay attention to keeping a small receipt and keeping records, for fear of any problems with overseas credit cards. However, when he got the bill sent by the bank after returning to China, Lao Zhang found the problem.
It turns out that the amount of notes payable is tens of yuan higher than Lao Zhang's own account. Lao Zhang took a calculator and calculated according to the exchange rate. He found that everything was different from his own record, so he had to dial the customer service hotline of the bank. After asking, Lao Zhang realized that since the credit card he used was a US dollar card, he had to change it into US dollars after swiping euros, and in this process, the bank had to charge a currency exchange fee of 1.5%. "I didn't expect that there would be other hidden charges besides the exchange rate. It's really a long experience. " Lao Zhang said rather helplessly.
Analysis:
When traveling abroad, we are often told to take the UnionPay channel as much as possible and avoid taking the channels such as visa and MasterCard, because it will be "cost-effective". In fact, the reason why domestic cardholders like to take the UnionPay channel is because no matter where in the world, as long as they swipe their cards through the UnionPay channel, the consumption amount will be directly converted into RMB according to the exchange rate, and there will be no exchange fee and no increase in the cardholder's card use cost. Otherwise, there may be a certain foreign exchange fee.
Accurately speaking, the foreign exchange handling fee should be "international settlement fee", which refers to an intermediate currency conversion fee charged by the international card organization to the issuing bank when the actual consumption currency is different from the credit card settlement currency. For example, suppose you travel to Europe and bring a Visa RMB-USD dual-currency card.
Then the euro you spend needs to be converted into dollars when you enter the account, and a foreign exchange fee is generated in the process. Usually, the issuing bank will charge the cardholder this fee, but many cardholders don't care because this foreign exchange fee will not be listed separately in the bill. But if you convert it according to the exchange rate of the day, you will find that the cost of this part is actually quite large.
After learning from many credit card centers, it is found that most credit card centers charge 1.5% of the transaction amount, while the Visa card standards of ICBC and Agricultural Bank of China are lower, charging 1% of the transaction amount, and some banks charge 1.75% of the handling fee.
It is worth noting that some banks will also charge a certain settlement fee when the transaction currency is the same as the foreign currency account of the credit card, such as Huaxia Bank [3. 12%? Money? Research reports on non-UnionPay transactions of RMB-USD dual-currency cards are also charged at 1. 1% of the transaction amount in the USD area. Minsheng Bank [2.45%? Money? Research Report] If the foreign currency account of the dual-currency card is the same as the local currency, it will also be charged according to the transaction amount of 1%.
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