A virtual card is a digital version of a payment card, featuring a card number, expiration date, and CVV, designed for online or in-app use without any physical presence. In contrast, a physical card is a tangible piece of plastic or metal, equipped with a magnetic stripe, chip, and often a contactless feature, making it suitable for in-person transactions. Unlike virtual cards, which are issued instantly and managed online, physical cards are mailed to you.

Virtual cards are ideal for online shopping or subscriptions and can be added to mobile wallets like Apple Pay or Google Pay for contactless payments in stores. However, they cannot be used where a physical card and PIN authentication are required, such as at most ATMs. Physical cards, while also suitable for online transactions, are primarily intended for in-person use, including purchases at physical stores, restaurants, and ATM withdrawals, where their broader acceptance is an advantage. Together, virtual and physical cards complement each other by covering different payment needs.