Virtual credit card is a kind of credit card that has no physical card, but can pay and settle accounts like a physical credit card. Virtual credit cards have no physical conditions, thus reducing the risk of credit card theft. Generally, most virtual credit cards can set their own transaction limit and validity period, and they can also disable or enable cards according to their own wishes.
The rules for using virtual credit cards are the same as those for physical credit cards. Virtual card credit card can also enjoy interest-free period and revolving credit, and the transaction limit set by itself can be changed at any time, but the validity period cannot be changed generally. If the cardholder's physical card has a foreign currency account, then the virtual card can also conduct foreign currency transactions. Therefore, it is convenient to use the virtual card.
China Merchants Bank also has its own virtual credit card. The virtual credit card of China Merchants Bank is called E-card, and users of China Merchants Bank can view it directly in the latest version of China Merchants Bank's pocket life. The virtual card of China Merchants Bank Credit Card is still the online payment of major users. If you want to swipe your card physically, you need to cooperate with the APP client and merchants of China Merchants Bank to support mobile payment. In addition, there is no annual fee for the virtual credit card of China Merchants Bank.
How to use China Merchants Bank's virtual credit card
If you want to use the virtual card of China Merchants Bank, you need to apply first. If it is the first time to apply for China Merchants Bank credit card, you need to apply for registration in China Merchants Bank official website or Mobile Banking. After registration, a staff member will contact the applicant directly and go to the door to handle it. Just follow the process. Users who are already cardholders of China Merchants Bank can directly log in to the Pocket Life APP of China Merchants Bank, and click Enter Card Family Photo-Virtual Card to apply for it themselves.
After handling the virtual credit card (e-card) of China Merchants Bank, the cardholder's virtual card and physical card quota are shared, and the cardholder can only conduct transactions through palm life after opening, so new users must follow the prompts to bind palm life before using it.
Therefore, the e-card of China Merchants Bank is relatively convenient to use. Users who have opened the e-card do not need to carry a physical card when they go out, but directly use the credit card of China Merchants Bank.