A method for managing a virtual electronic card is applicable to a secure chip installed in a first terminal, and the method includes: receiving a management request from a trusted mobile application on the first terminal, the management request being used to manage a target virtual electronic card on the secure chip, and permissions of the virtual electronic card being configured by a chip operating system of the secure chip; determining, from the secure chip, a target card management program corresponding to the target virtual electronic card, the different virtual electronic cards corresponding to the different card management programs; sending the management request to the target card management program; and calling, through the target card management program, a card management command corresponding to the management request in a card management system on the secure chip, to manage the target virtual electronic card.