There is basically only one function of a virtual card: payment.
1. What is a virtual credit card?
Virtual credit card is a kind of virtual bank card, which is different from the credit card of physical media. It is a virtual account based on the BIN code on the bank card. There is no physical card, which can be used for payment and settlement. Cardholders can use virtual credit cards to participate in various credit card preferential activities like physical cards.
2. What are the types of virtual credit cards?
Virtual credit cards can be divided into three categories according to their relationship with physical credit cards and their implementation methods:
1. Virtual card of main card type, used for independent and complete main account, independent of physical credit card, such as CCB Longka e-payment card;
2. Supplementary cards attached to physical cards, that is, virtual cards of supplementary card types, such as BOC Virtual Credit Card and CITIC Network Payment Card. These credit cards can apply for multiple virtual card accounts through one main card, but each account does not need to be repaid separately, and there is no need to pay an annual fee separately, just hand it over to the main card;
3. Map virtual cards, such as credit cards applicable to Apple Pay, Samsung Pay and HCE China UnionPay Express Pass.
3. What's the difference between a virtual credit card and an ordinary credit card?
1, use time
Some virtual credit card accounts are one-time use, and some can be recharged and continued to be used. Ordinary credit cards also have a validity period, usually 3- 5 years. When the validity period expires, the credit card will be replaced, and it can be replaced by itself. Some banks will also take the initiative to issue new cards to credit card holders.
2. Card form
Virtual credit card has no physical card, but only an account number for trading on the network, which is more convenient to manage and safer to use. Ordinary credit cards need to be carried with you, and unpredictable dangers such as theft, loss and information disclosure should be prevented.
3. Application method
You can apply for a virtual credit card by calling bank customer service or website. Ordinary credit cards need to submit various application materials, and it takes a long time for banks to review and mail them.
4. What are the advantages of virtual credit card?
Because there is no physical card, the risk of card theft is effectively reduced, and the problem of copying card numbers and security codes is also solved. At the same time, most virtual credit cards can set the transaction limit and validity period, and they can also choose to disable or enable the cards according to their personal needs, especially for Haitao users, they can temporarily disable the cards when they are not shopping. Can largely avoid the occurrence of brush theft.