The e-go card is a virtual card launched by Shanghai Pudong Development Bank. It is mainly used for online shopping to prevent theft. You don’t need to apply at the same time when applying, because the e-go card can be applied by yourself at any time in online banking and the card will be issued immediately. You can customize the card limit and validity period yourself. For example, sometimes when I pay on foreign websites, I apply for an e-go card that is only valid for a few days. After the payment is made, the card is useless to prevent the original card from being stolen.

Pudong Development Bank’s e-go card is actually any main card, and you can apply for virtual cards from four card organizations including UnionPay, Visa, MasterCard, and American Express.

Specifically, American Express’s virtual card has the following benefits:

1. No currency conversion fees.

Currently, there are only three domestic American Express cards that can waive currency conversion fees: Bank of China Private Bank, all American Express cards of Shanghai Pudong Development Bank, and Minsheng International Student Express Xiaobai. In terms of exchange rate, Bank of China is the best, followed by Minsheng, and finally Pudong Development Bank. In addition, other American Express cards generally charge a currency conversion fee of more than 1.5%.

2. RMB accounting.

This should be Pudong Development's advantage over people's livelihood. Some people think that the U.S. dollar is good for accounting, and they say that you can choose a suitable exchange rate to purchase foreign exchange. However, if you have experienced the sharp fall in the RMB exchange rate caused by the central government's interest rate cut, and the brain-dead design of Minsheng's initiative to exchange currency, you will know how considerate it is to lock the exchange rate in RMB accounting.

3. The security is relatively good

Since Pudong Development Bank’s American Express virtual card is a virtual card, it cannot be made into a physical card and used at overseas POS. In addition, Pufa has developed a one-time security code mechanism. Although it cannot prevent websites like Amazon that ignore security, it is still much better than those cards with security codes printed on the front.

By the way, let’s talk about the shortcomings

1. The exchange rate is not good

According to the actual measurement results, Pudong Development Bank’s exchange rate is relatively bad, roughly on the same level as China Merchants Bank. Therefore, if Bank of China can issue a platinum version of the American Express card, Bank of China will be the first choice.

2. Too little hair

There is no discount on chicken manure. The rebates are also small.

3. The limit is too low and there is too much harassment

In short, this virtual card is very suitable for overseas shopping people.