No, you can use a credit card to spend money abroad, as long as you use Visa or MasterCard. You can't buy foreign exchange by credit card. You need a savings card to buy foreign exchange!

Can China Bank buy foreign exchange by credit card?

I suggest you call the customer service hotline of China Bank at 95566 or go to the counter for consultation.

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 to operate China Bank's credit card to purchase foreign exchange for repayment?

At present, China Bank supports various repayment methods such as telephone purchase of foreign exchange, automatic deduction and automatic purchase of foreign exchange.

1. If you open the global single RMB settlement function, all consumption will be recorded in RMB, and you only need to repay RMB;

2. If automatic repayment has been bound, you can choose to repay the credit card debt with RMB in the associated account, or repay the credit card debt through the corresponding in the associated account;

3. If you have enabled the automatic purchase function, you only need to ensure that there is enough RMB credit balance in the RMB account of the credit card to repay the arrears on the due repayment date, and the system will automatically repay the arrears according to the real-time exchange rate of that day;

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

5. If there is RMB credit balance in the account, you can purchase foreign exchange for repayment through China Bank Personal Mobile Banking, China Bank Credit Card WeChat official account, Colorful Life APP, China Bank Personal Online Banking and China Bank Credit Card Customer Service Hotline 4006695566.

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.

Can Bank of China credit card buy foreign exchange?

Yes, according to the Notice on Issues Related to Bank Card Management newly issued by the State Administration of Foreign Exchange, cardholders are allowed to repay with cash and foreign exchange deposits or purchase foreign exchange with RMB funds in accordance with the requirements of convertibility under current account if they can produce the bill of transactions under the card provided by the issuing financial institution.

This means that residents who have no foreign exchange income can also use international cards to overdraw their consumption when traveling or shopping abroad, without worrying about foreign exchange repayment after returning.

It is reported that from June 1 day, no matter whether you use China Bank credit card or China Merchants Bank credit card in consumption abroad or withdraw cash, you can use RMB to purchase foreign exchange for repayment as long as it meets the convertible items and requirements stipulated in the Notice, thus becoming a truly international standard credit card.

Excuse me, what is the purchase of foreign exchange by credit card?

The meaning of purchasing foreign exchange by credit card is transfer transaction, which is exchanged in the local currency of the account, which is equivalent to foreign exchange trading. After the exchange, it is still in the account or bank card, and no cash has been withdrawn. Credit card repayment by purchasing foreign exchange means that the cardholder takes the international credit card channel when he is in consumption abroad, and the local currency of consumption will be credited to the credit card account in the form of US dollars, and the cardholder needs to purchase foreign exchange for repayment when he returns to China.

What does it mean to buy foreign exchange by credit card? Go to: See more.

Can I buy foreign exchange with a bank credit card?

Can't buy foreign exchange.

The process of purchasing foreign exchange is as follows: 1. I bring my valid ID card to the bank to open a foreign exchange trading account, sign a personal firm foreign exchange trading agreement, deposit foreign exchange, or transfer the existing cash account deposit to a bank that offers personal foreign exchange trading business; Handle the account opening procedures for online transactions and telephone entrusted transactions.

2. If over-the-counter transactions are adopted, there is no limit on the initial amount of accounts opened by Bank of China and Bank of Communications, and the initial amount of accounts opened by Industrial and Commercial Bank of China and China Construction Bank is USD 50; If the telephone transaction is adopted, the starting amount of opening an account for Bank of Communications is equivalent to $300, and that for Industrial and Commercial Bank of China is equivalent to 100.

This concludes the introduction of whether foreign exchange can be purchased by credit card and whether bank remittance can be made by credit card. I wonder if you have found the information you need?