Overseas payment will be settled in RMB through UnionPay, or in USD (Euro for European Travel Card) through international organizations. Repayment can be made in foreign currency or by purchasing foreign exchange in RMB before the due repayment date.

For example, China Merchants Bank's credit card is a UnionPay standard card, and there is no handling fee or currency conversion fee for consumption in Brazil. If it is a UnionPay -VISA dual-currency card, if you don't take the UnionPay channel in Brazil, you will be charged a currency conversion fee by VISA.

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If you use a dual-currency card to spend money abroad, it is more cost-effective to use the UnionPay channel when swiping your card. Because when using the UnionPay channel, UnionPay will convert the local currency into RMB, and you can repay directly in RMB after returning home. The cardholder only needs to bear the loss of currency conversion once, and there is no currency conversion fee.