What is the difference between single currency and two -currency credit card, is it used abroad?
4 thoughts on “What is the difference between single currency and dual currency credit card”
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Single currency and dual currency credit cards are very different from their names. M single currency card refers to the credit card of a single settlement currency. In popular terms, it is the most common credit card for a single UnionPay standard; Credit cards with RMB accounts and foreign currency accounts. For example, this China Merchants Bank's U.S. Express Gold Card is a standard dual currency card. There are two logos: U.S. Express and UnionPay. , but it seems to be from the end of 2016. Yang's mother said that she would cancel a dual currency card. So now applying for a dual currency card, the bank will issue two new cards, one is the UnionPay credit card starting with "62", and the other is a foreign currency credit card organized by an overseas card. It can also be said to have become two single currency cards. For example, the US Express Michelin Union Card is issued in the form of a card. The U.S. Express and UnionPay card surface have different designs.
I thought that such a simple question should be answered by many people. Secondly, the landlord's question did not give points. As a master level, it was really ... so I didn't want to answer it. But seeing the landlord finally added it, although the master gave this point a bit ... but in the good idea of popularizing basic knowledge, let me answer it. ========== The gorgeous separation line ============ First of all, the single currency and dual currency refer to the one -bit currency of a credit card Essence What is the bookkeeping currency? To put it simply, the Chinese people use RMB for accounting, and the Americans will definitely not use RMB, but use dollars. What about the Japanese? What about the French? Okay, don't talk down, don't look down on this. Secondly, when the single currency is settlement, only one currency can be settled. Two currencies can naturally be settled with two currencies, but these two currencies are not arbitrarily, but have conditions. The following example shows that in China, the most common single currency card refers to the UnionPay standard card, that is, the RMB single currency card (only the UnionPay logo on the card, the card number starts with 62). This card, UnionPay has made great efforts, and in active promotion, there is absolutely no matter to withdraw from the historical stage. Use this card to buy things in the mall and settle in RMB during settlement. In other words, when you pay back the money, give it back to the bank. You are still in the dollar, and people ignore you. In China, the most common dual -currency card is the RMB USD card (the card has not only the UnionPay logo, but also the VISA or MasterCard logo, the card number usually starts with 43 or 52). Use such a card to buy things in domestic shopping malls, 99.99999%is settled in RMB, but there are also very few cases that will account for dollars, but it will eventually be converted into RMB bills (but this situation is very rare. The specific reasons are not described in detail). Use such a card to buy things abroad, then according to the difference in the card surface. Suppose it is a UnionPay VISA card, then you can only swipe on the POS machine with UnionPay logo or a POS with VISA logo. Otherwise, you cannot swipe the card. If you swipe your card on a POS machine with UnionPay logo, then it is simple, just like a domestic card. If you brush on the POS with a VISA logo, you will eventually pay the dollar to the bank. But if your country is not a country where the US dollar settlement is settled (for example, you are going to Japan), then the amount you swipe will have a problem of currency conversion (that is, convert the amount of yen you swipe the card into the US dollar account, and And to charge the currency conversion fee, what is the specific fee rate? It depends on the difference in the card organization. Simply put, the cost of VISA and Mansion is different). Of course, this process is automatically completed by the bank and does not need to calculate it by yourself. What is reflected in the bill is still the US dollar. In short: First, it is definitely not that single currency is RMB, and dual currency is RMB US dollars. There are single currency cards issued in China, and there are dual currency cards such as RMB Hong Kong dollars, RMB pounds, etc. Second, in China, there is no difference between single currency or dual currency card (of course, not including pure foreign currency card cards). They are settled in RMB. Do not expect the dollar in China (but not absolute). Roughly the difference. I can't understand me.
Single currency cards and dual currency cards refer to a credit card's bookkeeping base currency. Single currency card is also a domestic UnionPay card. As long as it is a POS machine that supports UnionPay receipts, the network payment platform can be paid, and ATM is cash out. The most common two -currency card is the RMB US dollar card. There is not only the UnionPay logo on the card, but also the logo of VISA or MasterCard. The single currency card is settled in RMB. The US dollar is settled in the US dollar. The repayment must be repaid, and the US dollar cannot be repaid directly with the US dollar account.
Dual currency credit cards can be used for shopping payment abroad and POS machines without UnionPay networks abroad. However, for domestic and Hong Kong and Macao regions, single currency credit cards are sufficient. The issued bank cards are all UnionPay cards.
Single currency and dual currency credit cards are very different from their names.
M single currency card refers to the credit card of a single settlement currency. In popular terms, it is the most common credit card for a single UnionPay standard; Credit cards with RMB accounts and foreign currency accounts. For example, this China Merchants Bank's U.S. Express Gold Card is a standard dual currency card. There are two logos: U.S. Express and UnionPay.
, but it seems to be from the end of 2016. Yang's mother said that she would cancel a dual currency card. So now applying for a dual currency card, the bank will issue two new cards, one is the UnionPay credit card starting with "62", and the other is a foreign currency credit card organized by an overseas card. It can also be said to have become two single currency cards. For example, the US Express Michelin Union Card is issued in the form of a card. The U.S. Express and UnionPay card surface have different designs.
I thought that such a simple question should be answered by many people. Secondly, the landlord's question did not give points. As a master level, it was really ... so I didn't want to answer it. But seeing the landlord finally added it, although the master gave this point a bit ... but in the good idea of popularizing basic knowledge, let me answer it. ========== The gorgeous separation line ============ First of all, the single currency and dual currency refer to the one -bit currency of a credit card Essence What is the bookkeeping currency? To put it simply, the Chinese people use RMB for accounting, and the Americans will definitely not use RMB, but use dollars. What about the Japanese? What about the French? Okay, don't talk down, don't look down on this. Secondly, when the single currency is settlement, only one currency can be settled. Two currencies can naturally be settled with two currencies, but these two currencies are not arbitrarily, but have conditions. The following example shows that in China, the most common single currency card refers to the UnionPay standard card, that is, the RMB single currency card (only the UnionPay logo on the card, the card number starts with 62). This card, UnionPay has made great efforts, and in active promotion, there is absolutely no matter to withdraw from the historical stage. Use this card to buy things in the mall and settle in RMB during settlement. In other words, when you pay back the money, give it back to the bank. You are still in the dollar, and people ignore you. In China, the most common dual -currency card is the RMB USD card (the card has not only the UnionPay logo, but also the VISA or MasterCard logo, the card number usually starts with 43 or 52). Use such a card to buy things in domestic shopping malls, 99.99999%is settled in RMB, but there are also very few cases that will account for dollars, but it will eventually be converted into RMB bills (but this situation is very rare. The specific reasons are not described in detail). Use such a card to buy things abroad, then according to the difference in the card surface. Suppose it is a UnionPay VISA card, then you can only swipe on the POS machine with UnionPay logo or a POS with VISA logo. Otherwise, you cannot swipe the card. If you swipe your card on a POS machine with UnionPay logo, then it is simple, just like a domestic card. If you brush on the POS with a VISA logo, you will eventually pay the dollar to the bank. But if your country is not a country where the US dollar settlement is settled (for example, you are going to Japan), then the amount you swipe will have a problem of currency conversion (that is, convert the amount of yen you swipe the card into the US dollar account, and And to charge the currency conversion fee, what is the specific fee rate? It depends on the difference in the card organization. Simply put, the cost of VISA and Mansion is different). Of course, this process is automatically completed by the bank and does not need to calculate it by yourself. What is reflected in the bill is still the US dollar. In short: First, it is definitely not that single currency is RMB, and dual currency is RMB US dollars. There are single currency cards issued in China, and there are dual currency cards such as RMB Hong Kong dollars, RMB pounds, etc. Second, in China, there is no difference between single currency or dual currency card (of course, not including pure foreign currency card cards). They are settled in RMB. Do not expect the dollar in China (but not absolute). Roughly the difference. I can't understand me.
Single currency cards and dual currency cards refer to a credit card's bookkeeping base currency. Single currency card is also a domestic UnionPay card. As long as it is a POS machine that supports UnionPay receipts, the network payment platform can be paid, and ATM is cash out. The most common two -currency card is the RMB US dollar card. There is not only the UnionPay logo on the card, but also the logo of VISA or MasterCard. The single currency card is settled in RMB. The US dollar is settled in the US dollar. The repayment must be repaid, and the US dollar cannot be repaid directly with the US dollar account.
Dual currency credit cards can be used for shopping payment abroad and POS machines without UnionPay networks abroad. However, for domestic and Hong Kong and Macao regions, single currency credit cards are sufficient. The issued bank cards are all UnionPay cards.