What Is a Currency Conversion Fee?

Currency conversion fee is the cost when consumers use a credit card or a single dual-currency credit card in foreign currency on international settlement line when consumption of foreign currency, international card associations and card-issuing banks to charge as a swap reward.

Currency conversion fee

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Currency conversion fees refer to the fees that international card organizations and card-issuing banks charge when consumers consume foreign currencies on international settlement lines using dual-currency credit cards or single-currency credit cards as remuneration for exchange.

Currency conversion fees refer to the fees that international card organizations and card-issuing banks charge when consumers consume foreign currencies on international settlement lines using dual-currency credit cards or single-currency credit cards as remuneration for exchange.

At present, the currency conversion fee charged by card-issuing banks in China is between 1% and 2%, and the more common is 1.5%.