Question:
I am currently in China and will be visiting Thailand next week. Is it better for me to get a cash advance with my visa credit card in China (with the Bank Of China) or at the foreign exchange booths at Bangkok airport? The thing is i am getting conflicting reports of the net that the Bank Of China will only do a cash advance in Renminbi and not US dollars. ANYONE KNOWS THE ACTUAL SITUATION ON THIS? I know China has very complex laws regarding the exportation of any Renminbi and further, i am guessing that the Renminbi may yield me a rather low exchange rate for the Baht when i get to Thailand (if indeed, the thai banks will even take my RMB). So i have 2 alternatives:
1.) Do a cash advance with the Bank Of China and get the RMB / USD to change into THB when i get to Thailand
2.) Do a cash advance with the foreign exchange bank booths in Thailand
Which is a better course of action? And is there a big difference in the interest rates for cash advances in China and Thailand?
Answer:
You can only withdraw or obtain cash advance in RMB in China.
You might want to just have some taxi change etc to change into Thai Baht at either the China or Bangkok airport.
Check to see how convenient for your ATM and/or credit card be obtain local currency withdrawal in Thailand, it might be even more inconvenient than China, but check with your bank anyway just to be certain as you did not mention what bank ATM cards and crdit cards you are holding.
You can actually exchange some USD from banks in China for overseas travel so that you have some cash on you, and you can also purchase travalers checks in China too, just to be on the safe side, instead of carrying too much cash.
Hi there!...Ok, I researched this for you...
It's kinda long, so you better check it out yourself...
click here:
http://www.cashadvancecrib.com
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