Bank cards are an integral part of our daily lives. These days, it can take two forms: a physical card or an e-bank card. Each has both disadvantages and advantages, the choice depends solely on your lifestyle and personal preferences. So what are the differences and which card should you favour? We'll look at the differences, analyse them, show you the differences between card types, their functional features and help you understand which option is right for you.
E-card: What is it?
An E-carte bleue is an online banking card. This means that it is stored only on your smartphone. You can use this card to make payments online or in off-line shops using contactless payment. That is, you don't put a regular plastic card to the terminal, but your phone, making a payment in this way. Like a physical bank card, it has a number, expiry date and CVC, which makes it a full-fledged payment instrument. An added advantage is that you can block the card very quickly in case of an emergency.
Advantages of a virtual-banking card
Online cards do have a lot of advantages as it is a more modern way of payment. Let's break down its advantages:
- Security: e-card is considered to be the safest bank card. It is difficult to be stolen, unlike a physical card. Moreover, it is pin protected and does not contain your sensitive data. Stored in your phone, it saves you from having to take your entire wallet with you when you leave the house. It also prevents you from losing other important documents;
- Control: this virtual card can be controlled right from your smartphone. If you think your account has been compromised, you can block it. This reduces the risk of fraud;
- Speed: when paying online with a dematerialised bank card, you don't need to enter all your card details. This means that transactions can be completed faster, without the risk of input errors;
- Ease of use: this type of card is particularly simple and easy to use. You don't have to wait for your bank to send you a card. Once you create your account, the e-card can be used from any internet-connected device;
- Notifications: when you make a payment, you receive a real-time notification with the amount of the payment. This makes managing your money much easier;
- Cost: the fees associated with mobile e-cards are often lower than physical cards. So you can save money and avoid unnecessary charges.
A virtual bank card offers many advantages such as increased security, ease of management via smartphone and fast payment without data entry. It saves you time and money with reduced fees and no need to carry a physical card. This payment format makes everyday transactions easier and safer, making it a great choice for the modern user.
Disadvantages of virtual bank cards
Although we mostly talk about the advantages, but there are disadvantages as well, and some of them really make you think about whether you need to change your card. Let's break down the main disadvantages:
- Usage: dematerialised bank cards are not yet as widespread as physical cards. Some establishments may refuse to accept payment with an e-card. Moreover, they cannot be used to withdraw cash from or pay at ATMs, which can be very inconvenient;
- Confidence: even though they are just as secure, many people are still wary of these cards because they are afraid to give out their bank details;
- Additional fees: some banks may charge you additional fees for using an online bank card. These can be activation fees, annual fees or even hidden charges. To avoid this, it's important to be well informed.
Despite the convenience, virtual bank cards are not yet as common as physical cards and are not accepted everywhere for payment, especially in places where cash is required. Some users also fear for the security of their data, despite strong security systems. In addition, it is worth considering the possible additional fees that banks may charge for using online cards, so it is important to familiarise yourself with the terms of service beforehand.
Conclusions: Which card should you choose anyway?
Bank cards, whether physical or virtual, have their advantages and disadvantages. To make a choice, you need to consider a number of criteria, such as your lifestyle, your needs and your budget. For example, if you travel a lot or make payments abroad, a physical card may be more suitable as it is recognised worldwide. However, there are mobile e-cards that are particularly suited to this lifestyle and specialise in international payments.
If you frequently make payments online, a dematerialised bank card is definitely the best option for you. It is very safe and practical to use. In conclusion, there is no single best bank card. The choice depends solely on your lifestyle. To help yourself decide, you can make a list of your needs and expectations from the card. This will make it easier to find the one that is right for you.
Comments