wholesale jewelry uk Why do multi -currency cards get credit reporting

wholesale jewelry uk Why do multi -currency cards get credit reporting

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  1. wholesale gemstones jewelry Credit card account is a currency corresponding to one account. If it is a dual -currency card, there will be two accounts, one RMB account, and a foreign currency account. Multi -currency credit cards will appear multiple accounts. The number of credit card accounts will be reflected in the credit report report. If the number of accounts is too large or the loan is not settled, it will be affected by applying for loans or application for credit cards, affecting personal credit reporting.
    M multi -currency credit card means that there are multiple currencies' credit quotas. For example, if you travel abroad, you can settle in US dollars at the time. So what are the benefits of such a domineering multi -currency credit card?
    For multi -currency credit cards, the current VISA channel is basically single -standard card, and M and AE have dual standards. Here are the full currency credit card of the VISA target of China Merchants Bank, which can settle all currencies covered by VISA, which is almost all. It should be noted that such a single label card cannot go to the UnionPay channel to swipe the card. The repayment path is slightly anxious. You can choose to bind the UnionPay card with the bank.
    The multi -currency card Introduction
    1. The main function of multi -currency is that it can be exempted from currency conversion fees and can handle the transaction demand of all currencies. Whether it is consumed where the country is, it can be repaid directly with RMB after returning to China to exempt foreign exchange purchase procedures. In addition, the full currency international card of China Merchants Bank will also give high travel accident insurance.
    2. Multi -currency cards not only integrate the advantages of the above two cards, but also avoid their shortcomings. Moreover, the multi -currency cards issued by various banks are free annual fees. The only disadvantage is that all currency cards do not support the UnionPay channel for the time being.
    3. Now, the popularity of UnionPay in the world is increasing. Although there is still a gap with VISA and MasterCard, it is convenient to have great limitations. Due to the use of RMB settlement, UnionPay cards are not charging currency conversion fees on overseas POS machines and repayment of domestic repayments. From the perspective of reducing the cost of outbound tourism, it is still a good choice. Moreover, after swiping the card overseas, you can pay it directly with RMB after returning.
    4. There is no two -currency claim in the world. Only in China. When two currency credit cards are spent in China, it uses RMB settlement. If you swipe your card abroad, you will automatically enter the foreign currency settlement system. According to the type of card type, according to the type of card types. Different, first convert to the US dollar or euro, consumption in non -US dollars or euro land, it will be converted into a local currency checkout. %To 2%cost. When coming back to repay, you need to exchange exchange first, and another currency conversion fee will be incurred.

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