1 thought on “What is the difference between single currency credit card and dual currency credit card?”
Tyrone
First of all, single currency and dual currency refer to whether a credit card's accounting base currency is one or two. To put it simply, the Chinese account for RMB, while Americans account for dollars. Different countries have different bookkeepings, which is the difference.
Secondly, the single currency is a settlement when settlement. Naturally, two -currency credit cards can be settled with two currencies, but these two currencies are not arbitrary, but conditions. The most common dual currency cards are RMB US dollars (the card has not only the UnionPay logo, but also the logo of VISA or MasterCard. The card number usually starts with 43 or 52). When using consumption, it will account for dollars, but it will eventually be converted into RMB bills. The content of this article comes from: China Legal Publishing House "Legal Life Common Sense of Legal Life Series"
First of all, single currency and dual currency refer to whether a credit card's accounting base currency is one or two. To put it simply, the Chinese account for RMB, while Americans account for dollars. Different countries have different bookkeepings, which is the difference.
Secondly, the single currency is a settlement when settlement. Naturally, two -currency credit cards can be settled with two currencies, but these two currencies are not arbitrary, but conditions. The most common dual currency cards are RMB US dollars (the card has not only the UnionPay logo, but also the logo of VISA or MasterCard. The card number usually starts with 43 or 52). When using consumption, it will account for dollars, but it will eventually be converted into RMB bills.
The content of this article comes from: China Legal Publishing House "Legal Life Common Sense of Legal Life Series"