The invention relates to the technical field of computers, in particular to a multifunctional SIM card and terminal equipment, and the multifunctional SIM card comprises a 7816 protocol unit, an SD protocol unit, a control unit and a card interface. The control unit, the 7816 protocol unit and the SD protocol unit are arranged in the card body; wherein the card interface is electrically connectedwith the 7816 protocol unit, the SD protocol unit and the control unit, the outline and the size of the multifunctional SIM card are the same as those of an existing standard Nano-SIM card, and the number of contacts is different from that of the existing standard Nano-SIM card; wherein the card interface comprises n metal contacts, and the n metal contacts are arranged on the surface of the multifunctional SIM card; the n metal contacts of the card interface comprise a first metal contact, a second metal contact, a third metal contact, a fourth metal contact, a fifth metal contact, a sixth metal contact and n-6 extended contacts. The method can be applied to the fields of Internet of Things, mobile finance, mobile office and the like.