Originally Posted by
zyxlsy
Yes, the bank absorbs the 1%.
Nice. Something HK banks don't do. But if reward programs are counted HK cards will kick their PRC counterparts all over the schoolyard.
Originally Posted by
zyxlsy
Usually this benefit applies to Platinum Cards and above with at least 1000 RMB annual fee. My wife's CCB Platinum has it, my ICBC Platinum does too.
All right. I have to try and see the card type before I give advice to tourists then. Frankly I've not seen anyone use a PRC Plat card in anywhere with a queue, so I guess I can continue to say Unionpay.
Originally Posted by
zyxlsy
Guys, please don't forget dual-currency cards issued in CHN usually has USD as the default currency of the "dual" channel. It is a native card when used in USA.
It's going to Europe which posses a challenge. But there are also EUR dual-currency cards and even multi-currency cards (not simply dual currency cards without 1% exchange fees).
So how does one "select RMB" per Unionpay's recommendation? Head still spinning.
Originally Posted by
zyxlsy
It's pretty interesting here in China. Also the rewards programs are always bad and you can miss a lot of points by what they call MCC clone or the sort.
MCCs excluded from earning bonus points earn you mean.
Also a lot of merchants either miscode or "lease" a card terminal from a lower fee category merchant.
http://english.cmbchina.com/CreditCa...4-90cfd9dad556
The following consumption scenarios does not accumulate bonus points：
Code of merchant type
Merchant type
1520
General contractor – residence and office building
7013
property agent – estate agents
5271
Motorhome distributors
5511
Automobile and wagon distributor – selling and leasing new or used automobiles, providing repairs and other services, and selling spare parts.
5561
Caravan and recreational vehicle distributors
5598
Sledge sellers
5599
Distributors selling automobiles, aircraft, and agricultural vehicles
5013
Automobile and spare parts wholesalers
5021
Office and business furniture wholesalers
5039
Wholesalers of construction materials not included in other codes
5045
Computer and auxiliary device wholesalers
5046
Wholesalers of construction materials not included in other codes
5051
Metal product wholesalers and service providers
5065
Electric equipment and spare parts wholesalers
5072
Hardware tools and product wholesalers
5111
Stationery, office supplies, copy and writing paper wholesalers
5137
Wholesalers of uniforms and clothes for men, women, and children
5998
Other wholesalers
6012
Financial product and service providers
7299
Providers of private services not included in other codes
8062
Public hospitals
8211
Public primary and secondary schools
8220
Public universities and colleges
8398
Charitable and public service organizations
8399
Non-profit service providers
8651
Governmental authorities
9211
Legal expenses, including alimony and the maintenance of child/children
9222
Penalties
9223
Bail money
9311
Taxes
9399
Fees for governmental services such as social security and statutory services not included in other codes
9400
Charges by embassies and consulates
5541
5542
Petrol bills/ Gas station
4511
Air tickets/ airline purchase
4111
4121
4131
4784
Other transport fees
5722
Electric home appliances
4814
4899
Telecommunication services
5994
7523
9402
Public utility services