In terms of use, because there is no physical card, you can't swipe your card directly. You need to use mobile payment tools. Before swiping the card, you can bind the credit card on Alipay and WeChat, and you can enjoy card-free payment. The scope of use is as wide as that of a physical card.
Extended data:
The most commonly used credit cards are physical credit cards issued by banks. As long as users have good personal credit and sufficient repayment ability, they can apply for credit cards online and offline. Credit card is a credit payment tool that is consumed within the bank credit limit.
In fact, digital credit card is also a credit card product launched by banks.
Different from ordinary physical credit cards, digital credit cards are a new type of credit cards introduced by banks. Digital credit card has no physical card, but it is essentially a virtual card, but it still consists of virtual card number, security code, expiration date and other information.
The difference between digital credit card and ordinary credit card is that digital credit card can not be paid directly by credit card, but must be attached to mobile payment platform before it can be used and consumed.
According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.
Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.