There are advantages and disadvantages.

1. Payment is convenient and can be used by more than 500,000 merchants across the country.

2. There is no need to open online banking and rely on the funds in the card for payment.

3. Supports foreign currency payment and can be used overseas.

4. Points redemption, co-branded cards and other discounts.

5. The rates are higher.

6. The billing date and repayment date cannot be selected.

7. There is no local ATM function.

8. Only RMB can be traded.