Comparison Of Traditional Credit Card Vs. Virtual Credit Card

4. Comparison of traditional credit card and virtual credit card
Since the purpose of this article has been figured out which kind of credit card is more useful in the world filled with mobile devices, either traditional credit card or virtual credit card. In the previous sections, the definitions of traditional credit card and virtual credit card have been illustrated as well as the previous research on this topics by others authors. In this section, the comparison of traditional credit card and virtual credit card will be made through three aspects, including their objective, applications, benefits and limitations.
4.1 Objectives of traditional credit card and virtual credit card
The objectives of traditional credit card and virtual credit
The percentage of interests charged varies depending on conditions of each bank. Thus, banks can gain profits from their customers easily because many of them easily forget the deadline of repayment.
Last but not least, banks charge transaction fees from the customers who borrow cash in advance. For example, people who want to buy houses or cars but do not have enough money will borrow money from banks and have to pay off monthly installments with a set percentage of interests, so banks gain profits from these interests.
As for individuals, they can achieve their consuming goals even if they have used up their salaries of this month because credit card provides overdraft functions. They can consume in advance and repay in the next month. Credit cards not only satisfy consumption in advance but also help individuals or organizations to manage their financial status. For instance, people can have clear awareness of their consuming conditions through receiving the credit card bills. Therefore, these bills help cardholders to know their consuming behavior in different areas and then they can manage their spending next
At first, additional hardware is widely used. It is a small device, which can connect the computer via USB and it saves the step to type the information of credit card because this device is like credit card terminal. Once users connect this device to their laptops, it seems like they swipe their cards through credit card terminals, which can collect the information themselves. Of course they need to input their passwords in using this device to make payment. Nowadays, using online website or application to make payment is more common. As long as users can connect the Internet no matter through mobile phones or laptops, they can pay anywhere and anytime. Payers provide their credit card information by typing it on the website or application and some applications provide a function, which can scan the information for them in order to save time typing