With the development of domestic online finance, traditional banks have upgraded the issuance of credit cards. In addition to issuing the original physical credit card products, many banks have recently begun to issue electronic credit card products. I believe many users haven't had time to understand what an electronic credit card is, so what's the difference between an electronic credit card and a physical card?

Repayment method

Electronic cards can only be repaid online, such as Alipay, WeChat and mobile banking.

In addition to online transfer and repayment, physical cards can also be paid by inserting card deposits in ATM machines and repaying at the counter.

Card style

An electronic card is actually a virtual credit card. There is no physical card, and it consists of a group of virtual card numbers, CVV2 codes, expiration dates and other information.

The physical card is a real card, and the bank mailed us a physical card, which can be swiped at ATM and POS machines.

Credit card method

Although electronic cards do not issue physical cards, they can still be used for credit card consumption. However, you need to use mobile payment tools, such as mobile Alipay, mobile WeChat, and China UnionPay Express. On these platforms, enter the credit card information binding card and then pay, or scan the code for consumption.

There is no limit to the form of swiping the physical card. You can use a credit card to swipe your card directly on the POS machine, or you can bind online payment such as WeChat Alipay.