Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Travel money guide: China

Take a card without foreign transaction fees and carry some cash for small purchases.

Whether you’re touring the great palaces of China and historic landscapes or visiting for business, you’ll find that major stores and restaurants accept plastic, though you’ll want to carry some Chinese Renminbi for local spots. Here, Discover cards are accepted as widely as Mastercard and Visa. To avoid foreign transaction fees on your travels, slip a Capital One VentureOne Rewards Credit Card into your wallet, which also lets you earn miles with each purchase.

However, you’ll need some cash on hand if you go to small restaurants, shops and establishments, which may not accept cards. To get cash, you’ll find many ATMs inside banks and shopping centers in major cities.

Our picks for traveling to China

50+ currencies supported

Wise Multi-currency

Go to site
on Wise's secure site

  • 4.33% APY on USD balances
  • $0 signup or subscription fees
  • Withdraw $100 per month for free from ATMs worldwide
  • Send, spend and withdraw 50+ currencies at the live rate
  • Freeze and unfreeze your card instantly

Travel rewards with no annual fee

Capital One VentureOne Rewards Credit Card

Go to site
on Capital One's secure site
Terms apply, see rates & fees

  • 20,000 miles (equal to $200 in travel) after spending $500 in the first 3 months
  • Earn unlimited 1.25x miles on all purchases
  • Low intro rates on purchases and balance transfers

Up to 2% cashback

Upgrade Rewards Checking Plus

Go to site
on Upgrade's secure site

  • Up to 2% cashback
  • $0 monthly & overdraft fees
  • Up to 4.81% with Performance Savings
  • Get paid up to 2 days early with qualifying direct deposit
  • Member FDIC

Travel card, debit card or credit card?

China accepts all major credit cards, including Discover, which can be used at UnionPay ATMs and POS terminals.

It’s a good practice to use a debit card for cash withdrawals, but a prepaid travel card loaded with Chinese yuan could be a good choice if you don’t want to link your bank account.

These are your options for spending money in China

Using a credit card

Credit cards from major networks are accepted throughout China in major stores and restaurants. If you’re looking for a solid credit card, consider a travel credit card to save money on foreign transactions and to earn rewards on purchases, such as the Capital One Venture Rewards Credit Card. In addition, the card may come with travel insurance, trip coverage, luggage insurance and car rental insurance against theft and damage.

If you often travel between the US and China, consider an airline cobranded credit card. You can save money on flights, on checked bags, priority boarding or lounge access. This type of card often comes with travel insurance and similar travel perks.


  • Notify your bank you’ll be traveling to China
  • Avoid using credit cards to make ATM cash withdrawals — use a debit card instead
  • Decline to pay or make an ATM withdrawal in US dollars if offered
  • Credit line access
  • Rewards
  • May come with travel insurance and coverage
  • May come with concierge service
  • Cash advance fees
  • Cash advance APR

Which credit card issuers are accepted in China?

Merchant acceptanceATM acceptance
check mark iconHigh
check mark iconHigh
check mark iconHigh
check mark iconHigh
American Express
check mark iconHigh
check mark iconHigh
Discover (at all UnionPay locations and ATMs)
check mark iconHigh

Potential credit card fees in China

Always keep an eye on credit card fees, more so when you’re traveling overseas.

Foreign transaction fees

Most American credit cards will get you to pay foreign transaction fees that typically vary from 2% to 3% of each transaction. Luckily, you can find some cards that come with no foreign transaction fees, examples of which include the PenFed Pathfinder® Rewards Visa Signature® Card, the Hilton Honors American Express Card and the Marriott Rewards® Premier credit card.

Currency conversion fees

When presented with the option of getting your card charged in yuan or US dollars, always opt for the former. You don’t want to go the dynamic currency conversion way, which comes into effect when you make payments in US dollars outside of the US. If you do, you’ll probably end up with an undesirable exchange rate and a currency conversion fee.


Businesses in China commonly add a surcharge to the total cost of a purchase when a customer pays with a credit card. In some instances, this cost is a result of fees imposed by processing banks. If you’re not sure, ask about the surcharge before handing over your card.

Compare travel cards for China

Explore top debit cards with no foreign transaction fees and travel credit cards by using the tabs to narrow down your options. Select Compare for up to four products to see their benefits side by side.

1 - 5 of 10
Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
Upgrade Rewards Checking Plus
Finder Rating: 4.3 / 5: ★★★★★
Upgrade Rewards Checking Plus
$0 per month
5.07% on balances of $0+
Earn up to 2% cashback rewards on everyday purchases. Pay $0 fees for overdraft, domestic wire transfer and monthly maintenance. Pair with Performance Savings account to earn 5.07% APY. Member FDIC.
SoFi Checking and Savings
Finder Rating: 4.5 / 5: ★★★★★
SoFi Checking and Savings
$0 per month
4.50% on balances of $0+
0.50% on balances of $0+
1.20% on balances of $0+
Get up to $250 with qualifying direct deposit. Terms apply. This offer is available until December 31, 2023.
Earn up to 4.50% APY on savings by meeting deposit requirements, and 0.50% APY on checking balances. Members without deposit requirements will earn 0.50% APY on both savings and checking balances. Turn on automatic savings or use the Roundups feature to help you reach your savings goals faster. Get up to $2M of additional FDIC insurance through a network of participating banks.
Chime Checking account
Finder Rating: 4.7 / 5: ★★★★★
Chime Checking account
$0 per month
Save easily and access your paycheck up to 2 days early with direct deposit. Pay $0 monthly fees, and no minimum balance is required. Access 24/7 support and get daily balance and transaction alerts. FDIC insured.
Acorns Checking
Finder Rating: 3.6 / 5: ★★★★★
Acorns Checking
From $3 per month
Invest your spare change in real-time and earn up to 10% in bonus investments. Member FDIC.
Quontic Bank High Interest Checking
Finder Rating: 4.3 / 5: ★★★★★
Quontic Bank High Interest Checking
$0 per month
1.10% on balances of $0+
0.01% on balances of $0+
Earn 1.1% APY with qualifying transactions, and pay $0 in monthly or overdraft fees. Access your account with a nationwide network of 90,000+ no-fee ATMs. FDIC insured.
1 - 5 of 37
Name Product Welcome Offer Rewards Annual fee Filter values
Capital One VentureOne Rewards Credit Card
20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Up to 5x miles
Earn 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening. See rates & fees
Capital One Venture Rewards Credit Card
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Up to 5x miles
Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months ​from account opening. See rates & fees
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months
Up to 5x points
Earn 60,000 points after spending $4,000 in the first 3 months. That's worth $750 when you redeem through Chase Ultimate Rewards.
Capital One Quicksilver Cash Rewards Credit Card
$200 cash bonus after you spend $500 on purchases within 3 months from account opening
Up to 1.5% cash back
More than an unlimited 1.5% cash back card: you'll also earn 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply). See rates & fees
Capital One VentureOne Rewards for Good Credit
Capital One VentureOne Rewards for Good Credit
Up to 5x miles
The same rewards and $0 annual fee as the Capital One VentureOne Rewards Credit Card, but for those with good credit. See rates & fees

Using a debit card

It can be a good idea to travel with a debit card as they have minimal fees and can rarely be overdrawn. However, choose an account that waives or reimburses foreign currency exchange fees and ATM fees, such as the Betterment Checking debit card.


  • Notify your bank that you’ll be traveling to China
  • Use debit cards for cash withdrawals to avoid paying cash advance fees and cash advance APR
  • No cash advance fee
  • No cash advance APR
  • No overdraft
  • Weak or no rewards
  • No access to a credit line
  • Potential foreign transaction fees up to 3%
  • Potential ATM withdrawal fees

Using a prepaid travel card

Prepaid travel cards could be a good choice if you can load them with Chinese yuan. Otherwise, you’ll pay foreign transaction fees in addition to all the other fees that come with this type of card. Using a prepaid travel card makes sense, however, if you don’t want a card linked to your bank account.

  • Can load multiple currencies
  • No cash advance APR
  • No links to your bank account
  • Many fees, including currency conversion fees if the card is loaded with different currency
  • May take time to load money
  • No rewards

Using traveler’s checks

Traveler’s checks can be helpful if you want better security for your money. However, they’re rarely accepted and come with fees on purchases, when cashing them and on currency conversion. Also, it may take longer to cash your checks.

  • Tip: Consider other money options in China
  • Security
  • Not accepted everywhere
  • Fees for purchasing and cashing checks
Back to top

What’s the Chinese currency and where can I get the best exchange rate?

China uses the Chinese yuan with a code CNY and a symbol ¥. It’s also known as the renminbi.

If you’re carrying cash, you can exchange a small amount at the airport if needed. Once in the city, exchange your US dollars in a bank for a better exchange rate. The bank may decline the exchange if you don’t have your passport with you.

If you’re carrying a debit card, making a cash withdrawal from an ATM would offer you the best exchange rate.

Live Rate

= ¥ 7.2942

Refreshing in: 60s | Sun, Oct 01, 01:17AM GMT

Common Chinese Yuan Renminbi banknotes:

5 Chinese Yuan banknote10 Chinese Yuan banknote20 Chinese Yuan banknote
50 Chinese Yuan banknote100 Chinese Yuan banknote

The main banks in China are:

  • Industrial and Commercial Bank of China (ICBC)
  • China Construction Bank
  • Agriculture Bank of China
  • Bank of China
  • China Development Bank
  • Postal Savings Bank of China (PSBC)
  • Bank of Communications
  • Industrial Bank Co Ltd
  • China Citic Bank Corp
  • China Merchant Bank
Find ATMs in China

You’ll find ATMs aplenty in major Chinese cities inside banks and shopping centers, available during normal business hours. ATMs accept both Visa, Mastercard and Discover cards, though you may see Visa’s Plus and Mastercard’s Maestro and Cirrus logos on the machines. However, to avoid foreign exchange and international ATM fees, go with a Betterment Checking Visa debit card in hand, which reimburses these fees automatically.

Keep your travel money safe while in China

Use a heightened level of caution when traveling through China. Arbitrary detainment has been known to occur. But the most common crime for tourists is petty crime, such as bag-snatching and pickpocketing — even in broad daylight.

Be extra watchful in major cities, busy tourist spots and on public transit. Keep your wallet less accessible in your pocket and consider a money belt to keep your funds out of arm’s reach.


To fully enjoy your trip to China, consider combining credit cards for transactions and debit cards for ATM cash withdrawals. Since not every establishment accepts plastic, it’s a good idea to also carry some cash.

Check out our travel money guide page to find out what payment method might work best for you overseas.

Back to top

More guides on Finder

Ask an Expert provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site