Hello! I have been searching for Debit card for awhile in Hong Kong. I am glad I found one here which is based in Hong Kong! As I will soon travel to Sweden for half month and I remembered the cashless life they are having, so I decided to apply for a debit card with pin to use there. As I know the pin they are using is in 4 digits, but neat card pin is in 6 digits? Is it possible if I change it to 4 digits by myself?
And one more question is, other than 1.5% is charged for spending in non-local currency, which exchange rate is referring at for the currency conversion?
Thanks a lot!
For your information in HK if you shop in a store actually PIN is not commonly used, it'd only be used for ATM or overseas shopping. HK issued cards normally use a 6-digit PIN and you will not be able to change the length. Even in countries where 4-digit PIN is more common (Europe), this will normally not be a problem. We have so far not heard any complaints that people were not able to use their cards in stores in Europe because of this issue. I remember perhaps 1 or 2 cases where there were some issues with overseas ATM withdrawal possibly linked to this issue, but it is not common.
We use the MasterCard exchange rate, it changes on a daily basis and you can find it here: https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html It is in line with market rate.
Thanks Iris. However, if the card machine can only support 4 digits (especially in Sweden), I may not be able to use it for purchases. This is the point I am still struggle with..
@spencerlam even though normally cards in a country use 4-digits, the machine will also be able to accept 6 digit PINs. I can't recall we have had any issues with this.
My Swiss card has a 6-digit pin, no problems.
I also understood last week per MasterCard policy only the first four digits can be checked, and the last 2 get a pass what ever you type in. (need to test that :))