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Sign up with Google Sign up with FacebookQ: Did you know that the exchange rate varies between cash or credit?
Many expat may not know it but if you change foreigner cash into RMB (at Bank of China for example) you get a significantly worse rate than putting your cash (USD,EUR...) into a basic card and than exchange it into the card?
I just want you guys to know it and save your money
Also if you have more than 200.000rmb in foreigner currency you can ask first for a gold card and save most of the little fees as well.
Have a good day,
MR.Jack
11 years 8 weeks ago in Money & Banking - China
Same Bank practice is usual at Western Banks: exchange rate for cash is always lower than 'paper' exchange.
I have Merchant's Bank Visa Gold debit card with 50 Rmb monthly fee, if balance is lower than 50 000 Rmb. I hate paying Bank fees, especially for my own money, and I am very close to reach balance limit.