Dual-currency cards and UnionPay cards use PK to save money.
When a cardholder uses a dual-currency credit card in consumption abroad, he has to pay a one-time currency conversion fee of 65438+ 0%-2% of the total transaction amount, and bear the exchange rate risk. At present, domestic dual-currency credit cards are mostly settled in RMB and US dollars. If the cardholder's travel destination cannot be settled in US dollars or RMB, but a dual-currency credit card is used overseas, the local currency needs to be converted into US dollars for settlement. When repayment is made in RMB after returning to China, US dollars should be converted into RMB for calculation. In this way, there may be two exchange rate conversions, and there is a certain risk of exchange rate fluctuation, which may bring certain exchange rate losses to cardholders.
Experts suggest that in overseas areas where RMB credit card business has been opened, it is best to choose UnionPay card. Because, through the UnionPay channel, the consumption amount will be directly converted into RMB at the exchange rate, so there will be no exchange fee. This process only involves an exchange rate exchange process, and the RMB paid is the least.
UnionPay cards only have one exchange rate exchange, which can relatively reduce the exchange rate loss of cardholders. However, overseas, VISA and MASTER have more outlets and are more convenient to use, while UnionPay cards have few outlets.
Choosing the right foreign currency card to reduce exchange rate loss
UnionPay network has not been fully rolled out. In some countries and regions, not every merchant can swipe UnionPay cards. Visa, MasterCard or JCB credit cards are needed at this time. In order to avoid the currency conversion fee when swiping overseas, you need to choose a suitable foreign currency credit card before traveling abroad. Credit card experts suggest that cardholders should try to choose a foreign currency card with the same local currency when swiping their cards abroad. If you want to travel to Europe, you'd better choose Euro Card, Japanese Yen Card and Hong Kong Dollar Card.
Foreign currency cards are classified by currency, and the most common ones in China are US dollar cards, Hong Kong dollar cards, Euro cards and Japanese yen cards. Choosing the right foreign currency card can reduce the exchange rate loss. In countries and regions where the common currency of US dollar cards is not US dollars, such as Europe, the bookkeeping currency is the local currency, that is, the euro, which needs to be converted into US dollars at the time of settlement, and then converted into RMB at the time of repayment with RMB. This will increase the process of foreign exchange and bring certain exchange rate losses to cardholders. However, if you swipe the euro card, the bookkeeping currency and settlement currency are both euros, which will be directly converted into RMB, reducing some exchange rate losses.
Question 2: What kind of credit card is better for going abroad? First of all, of course, choose the most economical trading route. At present, UnionPay cards have been accepted in more than 1 10 countries and regions. When the cardholder swipes the card abroad and takes the UnionPay channel, the transaction currency will be converted into RMB according to the exchange rate announced by UnionPay, and credited to the RMB account of the cardholder's credit card, and no additional exchange fee will be incurred. Repayment can be made directly in RMB after returning to China.
However, it will take some time for the UnionPay network to be fully rolled out. At present, in some countries or regions, it is not possible for every merchant to brush UnionPay cards. Therefore, it is very necessary to have a Visa, MasterCard or JCB credit card when it is impossible to take the UnionPay channel. At the same time, in order to avoid the foreign exchange handling fee when using the card, consumers need to select the card accurately in advance.
When you plan to take a deep vacation in Europe, you'd better get a credit card with a euro account. In this way, the consumption in the euro countries can be included in the euro account, without additional costs. Bank of China, Industrial and Commercial Bank of China, and China CITIC Bank all launched cards with euro as the settlement currency.
Consumers who plan to go to Japan may wish to apply for a dual-currency card with a Japanese yen account, such as a lucky cat credit card, which is exempt from the annual fee in the first year and can be exempted from the annual fee in the following year if they spend five times in a year.
In addition, the Bank of China has also introduced the GBP International Card and HKD Card, both of which are single currency cards, and a certain annual fee is required. If cardholders swipe their cards in Britain, China and Hongkong in the future, they may wish to apply for these two cards.
2. Before traveling abroad, make a phone call or surf the Internet to learn about the special functions of the bank's credit card in consumption abroad and the overseas credit card promotion activities launched by the credit card you carry, so as to obtain more preferential and practical money-saving information. Overseas credit card spending is large, which is a good opportunity to accumulate credit card points. The points earned by cardholders who spend their credit cards abroad can be exchanged for flight mileage rewards.
Third, if you plan to spend a lot abroad and worry that your credit card limit is not enough, the cardholder can apply to the bank in advance to adjust the temporary limit. It is recommended to take two or three credit cards from different card issuers to travel, as a backup while solving the quota problem.
Question 3: What bank card is more convenient for going abroad? In foreign countries, ATM machines with visa or master logo (the logo on your credit card) or UnionPay logo can, in principle, take foreign currency. Credit card or UnionPay card (pos machine with UnionPay logo is required) can be used for consumption abroad. If you want to withdraw foreign currency as you said, there is absolutely no need to use credit card or UnionPay card, because if you use these two cards to withdraw cash, you need a certain handling fee. The foreign currency of a credit card can only be US dollars. If you use UnionPay cards, you should deposit foreign currency in China in advance, and then use RMB to purchase foreign exchange for repayment. In short, it is not cost-effective, and there are still troubles.
Suggestion:
If you don't need too much cash to go abroad for a short time, you can change foreign currency at home or change it locally.
If you are going abroad for a long time, it is recommended to open an account locally and then remit money from China to an account abroad. If you are a western country such as the United States and Canada that can use traveler's checks or global money orders, you can go to the bank to handle traveler's checks or global money orders and bring them to the local area (these two kinds are equivalent to cash, which are common and convenient to use in these countries).
Question 4: What credit card does China Merchants Bank recommend you to apply for a full-currency credit card? China Merchants Bank issues all kinds of full currency credit cards such as VISA, MasterCard and BOOKING. No matter when, where and what foreign currency you use, you will be exempted from the currency exchange fee of 1.5% when you use this card for consumption or withdrawal, which will make your consumption more convenient.
Question 5: Which bank's credit card is more suitable for going abroad? Yes, you can.
Generally, you can apply for places, whether it is multiple people or others.
You can call the customer service phone of the bank to ask related questions.
Question 6: Which credit card is better for going abroad frequently? Pufa ae White and China Merchants Jin Dian Platinum Card are both good. If you can't handle it, you can handle the Pufa Dream Card or CITIC visa High-end Card. Look at my avatar website, there is a credit card recommendation column.
Question 7: What credit card should I use for traveling abroad? It depends on which country you go to. For example, in the case of Chuben, it is best for jcb to settle in Japanese yen. For example, visa or master can be used in other Europe and America. Of course, the UnionPay debit card is also good and the most economical, but its popularity is not very wide.
Question 8: I plan to travel abroad. What kind of credit card will be better? To be honest, there are several situations in which you can swipe your card abroad:
First, you can use UnionPay, so you must use UnionPay and convert it according to the central parity of the local currency and RMB exchange rate of the People's Bank of China on that day. There is no loss, and the credit card handling fee is also paid by the merchant. In this case, to be honest, the purpose of overdraft deduction is not necessarily to swipe a credit card, but a savings card with the UnionPay logo can be used;
Second, you can't brush UnionPay. Assuming that the local currency is US dollars, you can swipe your US dollar card. Just pay back the dollars when you come back, and there will be no other losses after deducting your loss of changing dollars. However, if the local currency is not US dollars, but you swipe the US dollar card, you must first exchange the US dollars into your credit card bill in local currency, and the bank will charge a currency conversion fee of 1.5%. This 1.5% is quite high, in other words, it is not cost-effective, so when you ask what kind of card to apply for, you'd better apply for more, all of which are dual-currency credit cards. The purpose of applying for multiple cards is to have a dollar card, a euro card and a yen card at the same time, so that at least when you go to countries with dollars, euros and yen, you can swipe these three cards accordingly. If you go outside these places,
Question 9: What kind of card is suitable for overseas tourists? Introduction of overseas travel credit card! After a long investigation, I came out today! I hope I can help my friends who want to travel abroad. Credit cards should also be "professional counterparts" to reduce exchange rate losses. "Use American Express Card in America and European Travel Card in Europe!" This is an introduction to the experience of various travel experts. Many bank financial planners also suggest that these special credit cards can be used when traveling abroad, which can not only enjoy many shopping discounts, but also get many value-added services. According to the introduction of travel experts, I refined two kinds of credit cards for you to choose from. If you travel to the United States or the US dollar area, the cardholder can exchange American Express traveler's checks at any American Express travel office with the American Express card of China Merchants Bank, which can be used directly as cash. At the same time, China Merchants Bank American Express cardholders will also enjoy emergency support services including information inquiry of embassies and consulates, medical service inquiry, doctor dispatch, lawyer and translation information inquiry. At the same time, it also enjoys multiple travel guarantees such as aviation accident insurance of up to 5 million yuan. If you want to travel to Europe, you can apply for the European Travel Card of CITIC Bank, but you need to submit the application online. This is the first Euro/RMB dual-currency credit card tailored for European business travelers, tourists and international students. Cardholders can settle accounts directly in euros, and there are special discounts for booking air tickets and hotels on the exclusive platform. Similarly, if you want to go to Japan, you have to get a yen card, and if you want to go to Hong Kong, you have to choose a Hong Kong dollar card. This is mainly because our UnionPay network has not been fully rolled out. In some countries and regions, not every merchant can swipe UnionPay cards. Choosing the right foreign currency card is to minimize exchange rate losses. For example, if you spend money by credit card in Europe, the bookkeeping currency is euro, and you have to convert the euro into US dollars when you check out, and then you have to convert the US dollars into RMB when you repay in RMB. Think for yourself, how complicated is this process? Invisibly increased the process of foreign exchange, which is the loss of money! There is also a "dual currency credit card" for overseas travel. Of course, there is also a credit card that can support two currencies at the same time. I checked, holding this card requires a one-time payment of 65438+ 0%-2% of the total transaction amount, and at the same time bears the exchange rate risk. Therefore, it is not recommended, which, like the above example, will increase exchange rate losses. In overseas areas where RMB credit card business has been opened, it is best to choose UnionPay card. Because, through the UnionPay channel, the consumption amount will be directly converted into RMB at the exchange rate, so there will be no exchange fee. This process only involves an exchange rate exchange process, and the RMB paid is the least. However, I have to explain to you that overseas, VISA and MASTER have more outlets and are more convenient to use, while UnionPay cards have few outlets. Generally speaking, it is most cost-effective to get a foreign currency credit card. Special note: there is no password for overseas credit cards! You don't need a password to use a credit card in consumption abroad. Even if you swipe a credit card with a credit card password, you don't need a password overseas (except UnionPay line). Therefore, I want to remind you that you must take good care of your credit card and cash. Once the card is accidentally lost, you should immediately call the bank to report the loss. I hope I can help friends who want to travel abroad!
Question 10: What kind of credit card is better for studying abroad? Personally, I think it is better for you to apply for a credit card abroad.
If you must apply for a card, you can apply for a mother card, which means two cards for one household.
If your family takes a card, it can be used if your family can remit money to the card, but if you want to withdraw money from the mother card abroad, you have to pay a 5% handling fee, which means that you have to pay the bank $50 for 1000.
But if you use MasterCard, you don't have to pay the handling fee, and you can also overdraw.
As for how to handle the mother card, please consult your local bank. I only know that I have to pay a certain amount of money as a deposit before I can overdraw that card.