Studying abroad is expensive, so a safe and convenient way to pay tuition is very important for international students. There are many people who choose to pay tuition fees by credit card for studying in the UK. Next, Tiandao Study Abroad Xiaobian introduces how to pay tuition fees by credit card for studying in the UK.

Credit card is one of the most important payment tools abroad. Taking China as an example, Bank of China has successively launched euro credit cards, BOC dual-currency international credit cards, BOC JCB yen credit cards and other credit cards for people studying in the UK. These types of cards are available to international students.

BOC Great Wall International Credit Card has an interest-free repayment period. Students studying abroad can spend first and then repay. Overseas card holders overdraw within the credit limit. If there is no foreign currency to repay the overdraft directly, they can purchase foreign exchange in RMB for repayment.

In addition to tuition fees, parents may also worry about their children spending their living expenses abroad. Therefore, many parents choose to apply for an international credit card, that is, the parents are the card owners and the children hold supplementary cards. Control children's expenses through international cards and help them form good habits.

However, although there is no handling fee for overseas credit card spending, there is still a certain handling fee for handling cash withdrawal business in member banks organized by VISA and MAS-TERCARD, or withdrawing local legal tender from ATMs with the logo of PLUS and CIR-RUS around the world. ?

In addition to paying tuition fees by credit card for studying in the UK, students can also choose to pay tuition fees by remittance or telegraphic transfer. At present, many foreign schools require international students to pay their tuition fees by telegraphic transfer. Students must know the payee's name and address, payee's account number, payee's bank name and address if they want to pay tuition by telegraphic transfer. You only need to provide the correct name and address of the payee when choosing the remittance method. At the same time, don't forget to leave your contact address with the bank so that the bank can contact you in time when there is any problem with remittance. Generally, the living expenses for studying abroad are mostly carried by bill exchange.

tips for using credit cards for studying in the UK

the first trick: save the currency conversion fee

experts suggest: choose a dual-currency card or a single-currency foreign currency card that matches the settlement currency of the destination of studying abroad

foreign currency credit cards are the most useful and common payment tools for international students. Before applying, international students must comprehensively evaluate the world-wide popularity of credit card products, the number of special merchants and the distribution of outlets to ensure the convenience of swiping cards abroad to the greatest extent.

At present, the foreign currency cards issued by domestic banks are dominated by US dollar cards, and ICBC and China Merchants Bank, which are among the top issuers in China, have such products. In recent years, some banks have also started to issue products in other currencies. For example, Bank of China has issued foreign currency card products such as pound card, euro card and Hong Kong dollar card, which provides the greatest convenience for international students to study and live in non-US dollar areas.

Experts suggest that international students can apply for a dual-currency credit card or a single-currency foreign currency card, and the currency of their foreign currency account should be the same as that of the destination of study abroad, thus easily saving the currency conversion fee. In this way, foreign students can use foreign currency to spend money by credit card abroad, and they can use RMB to purchase foreign exchange for repayment at home, which not only saves the currency conversion fee, but also avoids the exchange rate risk of a large number of foreign exchange exchanges in advance.

the second measure: the consumption of the secondary card is more rational

Experts suggest that the primary card and the secondary card should be used together

If the children are too young or have insufficient financial ability, parents can apply for a secondary card under their own credit card name for their children to use abroad, and set an appropriate credit line according to the consumption level of the destination country. In this way, students without credit records can also have their own credit cards, and gradually establish a financial management concept of controlling their own expenses within the credit limit. Parents can also learn about their children's spending through transaction SMS tips and bank monthly statements to help them cultivate their awareness of rational consumption. At the same time, experts advise foreign students to develop a good credit concept, not only to ensure a good credit record by repaying on time, but also to inquire about their credit status in time.

bank card products combine security and convenience, and it is also a consumption concept that international students must establish to maintain rational consumption and only purchase what they can afford by swiping their cards. If foreign students don't know much about their own expenses, experts suggest that they can control their income and expenditure by means of written or online bookkeeping, so as to reduce unnecessary expenses and better manage their personal property.

The third measure: security card anti-theft brush

Experts suggest that domestic foreign currency credit cards should choose EMV standard upgrade chip

Children should live independently in unfamiliar environment, and the primary concern of parents is security. Bank card experts suggest that foreign students take remittances out of the country in the form of bank cards, and their daily consumption is mainly by swiping cards, which can fully protect the safety of people and property. In daily life, foreign students must take care of their cards, and report the loss to the issuing bank or report it to the issuing bank immediately when they lose the cards or encounter unauthorized transactions. In case of emergency, parents in China can also apply to the issuing bank for temporary adjustment of the credit line.

At present, many countries have upgraded the EMV standard of bank card system. Therefore, when applying for foreign currency credit cards in China, we should try our best to choose bank chip cards that meet this standard to prevent magnetic stripe duplication and ensure the safety of credit card swiping. For example, MasterCard has specially designed "Secure Code Verification" and "Zero Liability" clauses for online credit card consumption, so that overseas cardholders can safely enjoy the convenience of online payment.