Chip credit cards have two accounts in them; One electronic account, one regular account; Ordinary accounts can be brushed magnetic stripe, which is an ordinary POS machine; Electronic accounts require a flash POS machine to swipe. The benefits of IC chip card: IC chip card is not easy to be copied; The IC chip card has a long service life, with a theoretical life of 30 years, and the magnetic stripe card is only 10 years. IC chip cards will not be demagnetized; Contactless IC chip card support flash payment function, payment is convenient and fast; Note: Banks are now phasing out the issuance of magnetic stripe cards; At present, the chip-magnetic stripe hybrid card is issued to adapt to some old equipment; After the bank gradually updates the equipment, it will completely stop supporting the magnetic stripe card.