6.How to exchange to RMB
In the case of China, clearly speaking, in most cases credit cards issued in Japan can not be used. For payment of tuition fees and payment of dormitory fees, some universities can settle by credit cards, but in restaurants and shopping, credit cards issued in Japan in many cases can not be used. If we are thinking about paying tuition fees and dormitory fees with a credit card, let us confirm beforehand whether we can pay by credit card to the school we are studying abroad. However, in the case of credit settlement within China there is a case that a commission of about 2% is generated against the price. Please note that this is different from the exchange fee we pay to the credit company. Two major items of expenditure at the time of study abroad are tuition and dormitory expenses.Others are small as the amount paid at one time, but as the cumulative period of study becomes longer, it becomes larger as cumulative sum. It is safe to think that settlement by credit card in Japan can not be done. If you open a bank account at the preparatory stage, you can remit money in advance from Japan. There are also banks in some universities, so many students have brought in Japanese yen and exchange those at banks in the university. Rate seems to be better if you change money in China. The easiest way is to use the Japanese issued credit card at the local ATM and procure the renminbi. In this case, since it will be cashing (debt), interest expense will occur between the borrowing and the payment date. If you know the closing date of the credit card and borrow near date from the closing date, the period until the payment date will naturally become shorter, so the interest will decrease. You can also make a call to the credit company at the point where the cashing information is reflected, and carry out advance payment. In that case, it will be interest for the number of days from the borrowing date to the date of the transfer to the account of the credit company.
The photograph is 100 RMB bill issued in 2015. In China, unexpectedly cashless progress has been made, and electronic money is used everywhere.